Medicare Supplement Comparison Shopping - New Plans Mean Difficult Decisions

Medicare Supplement Comparison Shopping has never been easy

, and it is about to get much more difficult with the introduction of two new plans. These plans are similar to existing plans, but offer less coverage than the most popular plans and have lower price points. To make matters worse, four Medicare supplement plans are being eliminated on June 1st, 2010. Thousands of seniors will be affected, especially those who are just turning 65 and are enrolling in Medicare for the first time.

The first issue making this process more difficult is many insurance professionals do not specialize in Medicare Supplement Insurance, which means they may not have a very solid understanding of the new Medicare Supplement Plans and will have a tough time determining if they will be a good option for you. These new plans are perfect for some people, but they are not great plans for the majority of individuals. The first rule of Medicare Supplement Comparison shopping is to consult an expert who will give you unbiased advice and can help you make a good decision.

Medicare Supplement Plans are still standardized by the center for Medicare Services, which means every insurance company offers the same plans and there can be huge difference in monthly premiums for the same exact benefits. Price is still the most important factor when making a comparison, and it is important to shop all companies to ensure you are receiving the best price available. People who make good decisions can save over $1000 per year for the same exact benefits, making it very worthwhile to shop all companies.

Customer Service and the financial stability of your insurance company are still important. A.M. Best rates all insurance companies based on their financial stability and a knowledgeable insurance broker can help you determine which companies offer good customer service, have seamless claims processing, no billing issues, and those who work well with doctors and hospitals. These things should all be considered when Medicare Supplement Comparison shopping with an emphasis on customer service.

While two new plans are being introduced and four plans are being eliminated, the most popular plan will not be affected . Medicare Supplement Plan F is still the most comprehensive plan available and is still the most popular choice. For people who wish to purchase this popular plan and receive excellent benefits, Medicare Supplement Comparison shopping will be easy if they consult an expert who can give them prices and good information about every company. If you fall into this category, contact the experts at Medicare Supplement Shop for a free, unbiased opinion.

An expert who specializes in Medicare Supplement Insurance can make the process of Medicare Supplement Comparison shopping very easy and can significantly reduce the time it takes to complete this process. Keep in mind it is important to receive quotes from multiple companies and review the benefits of most plans before making a wise decision. This decision can affect your financial situation and your health for the rest of your life, so choose wisely.

by: Mark Simpson

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