How do insurance companies set prices for Medigap policies?

By August 13, 2011Medigap Plans

For your protection Medigap plans are standardized by Federal & state laws.  So then why such price differences?   This is where PlanMedigap becomes a valuable partner in guiding you and your loved ones to the most coverage for the investment. 

Each insurance company determines how it will set the price, or premium, for its Medigap policies. It’s important to ask how an insurance company prices its policies. The way they set the price affects how much you pay now and in the future.

There are other factors involved such as geographical rating, medical underwriting, and discounts that can also affect the amount of your premiums.  Your Plan Medigap Specialist can explain further details of the pricing regulations.

Leave a Reply