Medicare Supplement Rates:
Los Angeles County Medicare Supplement rates will be different from each company, even though the benefits will all be the same for the chosen plan, because the plans are federally standardized, meaning if an insurance company offers a Medicare Plan F for example, the benefits must follow national guidelines.
So any company offering a Plan F or any other Medicare Supplement plan will have the same coverage benefits as any other company. The only difference will be the premium amounts, company rating and customer service. All three of these can vary substantially from company to company.
Choosing a Medicare Supplement policy can get complicated because all plans have different levels of coverage. Plan F being the most comprehensive plan available to Los Angeles Medicare Supplement members. As a resource, this website is meant to be an information site regarding your Medicare Supplement and Health Insurance needs.
Feel free to view the different pages throughout the site. If you would like someone to speak to, I am always available to answer your questions.
Medicare Supplement plans have been standardized since 1992 (plan benefits are the same regardless of the company). All Los Angeles County Medicare Supplement plans have become “Modernized” effective June 1, 2010. Companies can only market and sell the new Modernized Medicare Supplement plan effective June 1st.
All current Medigap members will be able to keep their current plans and will be able to transfer to the new plans if they choose to. All new business began June 1st 2010 were considered Modernized. Two new plans introduced were M and N. I’m sure Plan F and G will continue to be the most popular, simply because of their comprehensive coverage.
Remember, regardless of the Medicare Supplement plan you choose:
- Freedom to choose your own doctor or hospital.
- No required medical exam.
- Guaranteed renewable.
Important Information about a Medicare Supplement Policy:
- You need to have Medicare Part A and Part B.
- You will need to pay a monthly premium with a Medicare Supplement (Medigap) policy.
- Your policy cannot be cancelled, even because of health reasons, as long as you pay your premium on time.
- Each policy covers one person, so you and your spouse will have to have a policy each.