How Do Insurance Companies Set Prices For Medigap Policies?
For your protection, every medigap (medicare supplement) plan is universally standardized by Federal & State laws. So then, why such price differences? This is where Plan Medigap becomes a valuable partner in guiding you and your loved ones to the most coverage.
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 does this. The set price affects how much you pay now and in the future.
In addition, other factors involved with medicare insurance—such as geographical rating, medical underwriting, and discounts—can affect the amount of your premiums. With Plan Medigap, we explain what can further entail pricing regulations based on your State.
At Plan Medigap, licensed specialists do the research for you. We do the research on the latest plans and inform you of all of your options and rights. We have licensed professionals ready to talk with you on the phone and answer your questions.
As you shop for a medigap policy, keep in mind that different insurance companies may charge different amounts for the exact same policy. Not all insurance companies offer all options of the medigap policies that are available.