Shopping For Medicare Supplements Will Save You Money


by r cantu - Date: 2008-07-28 - Word Count: 339 Share This!

The good news is that you will actually save money on health care insurance, or to be more specific, save money on Medicare supplements. This is just about the only area in the whole Medicare health insurance business where you will save money by calling around for quotes. And not just save nickels and dimes either, but enough to make a difference over the year.

It's possible to save money on Medicare supplements and still be able to get decent health care coverage. Without getting too complicated here, this is possible because in all states Medicare supplements are priced the same. Yes, priced the same, however, insurance companies don't have to offer anything more than Part A - period. The other letters of the alphabet B-L are optional. And since Medicare supplements parts B-L are optional, insurance companies tend to charge what the market will bear if they offer them at all.

Sometimes the market will bear a higher rate and sometimes not. While this may sound a bit capricious, it's actually more of a business decision, rather than an effect of market competition. But business decisions made in corporate boardrooms have a way of trickling down to consumers. Say, for instance, you are 70 years old and are asking about Part F or J (which covers all expenses). Call big brand name company number one and the quote is $115 a month. Call slightly less well known company two and the quote is $100 a month - and two simple phone calls garner a savings of $180 a year.

Of course, this is just an example of savings that can be had by calling around for rates on your Medicare supplements. What you may actually discover is that the monthly savings could be larger, racking up a bigger amount by the end of the year. So it's really well worth your while to make a few calls and get some quotes. Really, saving money in this day and age is a delightful bonus while still getting good health care coverage.

Related Tags: texas health insurance, texas life insurance, texas medicare supplements

Richard Cantu is with Texas Health and Life, a Texas health insurance and Texas life insurance agency in Texas. To learn more, visit www.texashealthandlife.com

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