Press release
Study Examines How Seniors Shop For Medicare Insurance
Find your best Medicare insurance plan options working with a local Medicare agent.
Less than half (44%) of the survey participants used an independent insurance agent or broker when shopping for Medicare coverage. Greenwald Research conducted the research in partnership with the American Association for Medicare Supplement Insurance (AAMSI).
The study found that the majority (53%) of survey respondents did not work directly with a broker. These individuals worked independently to compare and select coverage.
Comparing the various available Medicare plan options can be confusing. There can easily be 40 or as many as 50 different plans available. The number will depend on where you live.
According to the American Association for Medicare Supplement Insurance, the majority of Medicare beneficiaries currently participate in a Medicare Advantage (MA) plan. The organization reports some 26 million individuals are participants in a MA plan. The latest data reveals that 14.5 million have a Medicare Supplement plan, also referred to as Medigap coverage.
Experts recommend consumers consider working with a knowledgeable and experienced Medicare insurance professional. Some plans are promoted as being free of cost for the participant. However, these no-premium plans may expose you to deductibles and co-payments that can exceed the cost of monthly insurance premiums.
Some Medicare plans provide the option of seeing any medical professional, an option some seniors find desirable. Other plan options may limit you to specific providers including the ability to seek second opinions from specialists of your choosing.
Consumers should be aware of the difference between an insurance agent and an insurance broker. While both must be licensed and meet state-specific requirements, an agent is typically able to only represent one insurance company. Conversely, an insurance broker can represent and sell policies offered by multiple companies.
Asking how many different insurance companies the individual can represent is a simple way to ascertain who you are speaking to.
A national directory lists local agents and Medicare insurance brokers available to assist consumers. Hosted by the American Association for Medicare Supplement Insurance, the zip code based resource is free to use and can be accessed at https://www.medicaresupp.org/find-local-agent/ without inputting any personal information.
AAMSI
32504 Carrie Place
Westlake Village, CA 91361
The American Association for Medicare Supplement Insurance advocates for the importance of protection and supports insurance professionals who market Medicare products. For information, visit the organization's website at https://www.medicaresupp.org
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Study Examines How Seniors Shop For Medicare Insurance here
News-ID: 2329794 • Views: …
More Releases from American Association for Medicare Supplement Insurance
Millions Of Seniors Should Expect Significant 2025 Medicare Changes
Some 67 million Americans are enrolled in Medicare, according to the American Association for Medicare Supplement Insurance.
"It's important to know that some significant changes are coming in 202," explains Jesse Slome, director of the advocacy information. "These changes are likely to impact millions who will want to be ready to act when Medicare's Annual Enrollment Period (AEP) begins." AEP begins October 15th 2024.
According to Slome, the Inflation Reduction Act of…
Seniors Can Save On Medicare Prescription Drug Plans
The typical senior can save between $400 and $1,100 yearly by comparing and switching to a better Medicare prescription drug plan estimates the American Association for Medicare Supplement Insurance.
More than 50 million Americans now have Medicare drug plan coverage reports Jesse Slome, director of the Medicare insurance advocacy organization. "Unfortunately, far too few take advantage of the opportunity Medicare provides to find and switch to better coverage," Slome states.
Medicare allows…
2024 Medigap Insurance Rate Increases Vary According To New Analysis
Some 14 million seniors with Medicare Supplement insurance policies typically face yearly rate increases. The increases in 2024 ranged to as much as 20% according to a new analysis being released by the American Association for Medicare Supplement Insurance (AAMSI).
"One of the most important things to consider when selecting a Medicare Supplement (Medigap) plan is the likelihood of future rate increases," explains Jesse Slome, director of the American Association for…
Association Announces Senior Travel Discount Offers
A special 2024 $100 senior discount with two leading tour operators has been announced by the American Association for Medicare Supplement Insurance.
"Seniors are back to traveling the globe and this savings offer has been well received," explains Jesse Slome, director of the senior-focused insurance organization. Slome, himself, has just returned from a three-week tour to Japan.
The special discount enables seniors booking a first-time land tour or cruise with either Grand…
More Releases for AAMSI
2024 Medigap Insurance Rate Increases Vary According To New Analysis
Some 14 million seniors with Medicare Supplement insurance policies typically face yearly rate increases. The increases in 2024 ranged to as much as 20% according to a new analysis being released by the American Association for Medicare Supplement Insurance (AAMSI).
"One of the most important things to consider when selecting a Medicare Supplement (Medigap) plan is the likelihood of future rate increases," explains Jesse Slome, director of the American Association for…
Lowest Available Medicare Medigap Plan G Rates Reported
A woman turning 65 in Iowa can purchase a comprehensive Medigap insurance plan for $79-per month. If she lives in New York City, comparable coverage costs $278 according to a report just published by the American Association for Medicare Supplement Insurance (AAMSI).
"Medicare is a national program but Medicare plan options are local," explains Jesse Slome, director of the organization. AAMSI has just published the 2023 Medigap Price Index for Plan…
Association Seeking Speakers For 2022 Medicare Insurance Industry Conference
The American Association for Medicare Supplement Insurance is seeking speakers for Medicarians 2022, the national Medicare insurance industry conference.
"The national event brings together executives from throughout the Medicare insurance industry," states Jesse Slome, director of the Medicare insurance organization. The 2022 event will take place June 7-8 at the MGM Grand in Las Vegas.
Slome is seeking speakers with expertise in marketing, underwriting and administrative issues dealing with Medicare Supplement…
Latest Medicare Prescription Drug Plan Data Reported
Some 48 million Americans are enrolled in Medicare prescription drug plans according to the latest data reported by the American Association for Medicare Supplement Insurance.
“Prescription drug plan coverage is one of the most important benefits valued by seniors on Medicare,” states Jesse Slome, director of the Medicare advocacy organization. “Individuals have enormous choice today and selecting the right prescription drug plan coverage can be a significant money saver.”
According to…
Medicare Open Enrollment Tools To Compare 2022 Advantage and Drug Plans
Two valuable tools can help consumers compare their Medicare 2022 plan coverage during Medicare Open Enrollment.
"Millions of seniors are covered by a Medicare Advantage or a Medicare drug plan (Part D)," says Jesse Slome, director of the American Association for Medicare Supplement Insurance (AAMSI). "This is your once-a-year chance to get better coverage for 2022. You may even save hundreds or even thousands of dollars in the coming…
Medicare Supplement Insurance Industry Conference Discount Announced
A special limited time discount has been announced for the 12th National Medicare Supplement Insurance industry conference. Organized by the American Association for Medicare Supplement Insurance the convention takes place September 8-10, 2021 in Chicago.
"The Medicare insurance industry continues to grow and we want to see many people who are new and wanting to learn the latest," says Jesse Slome, AAMSI's director and organizer of the Medigap industry conference.…
