Tips Help Seniors Compare Medicare Supplement Insurance Plans
Choosing the right Medicare insurance plan is one of the most complex decisions made by seniors according to the American Association for Medicare Supplement Insurance (AAMSI).
Tips to compare Medicare insurance plans shared by the American Association for Medicare Supplement Insurance
"Seniors can literally have 100 different plans available and choosing the wrong plan can impact their healthcare and pocketbook," explains Jesse Slome, director of the Medicare information advocacy organization. "While Medicare allows people to switch plans, some decisions can be irreversible."
To help consumers make better Medicare plan decisions, the Medicare insurance expert shares tips from their just released report.
"Medicare is national but your available plan choices are local," Slome notes. "The largest plans and marketing organizations can afford to spend millions of dollars on television ads and direct mail. But that does not mean they offer the best coverage for where you specifically live."
Comparison shopping is vitally important according to Slome. "If you are turning 65, start getting information at least 3 months before your birthday," he advises.
All Medicare insurance is generally sold by an insurance agent. "You may think you are speaking directly with an insurance carrier," Slome explains. "But you will be speaking either to an agent that only sells their coverage or someone in a call center who may be incentivized to favor a particular insurer."
Slome suggesting asking the following questions when speaking to an agent. "Start by asking how many Medicare insurance companies they are appointed with. Appointed means they can actually sell you that particular policy. It may be your best option or the only one they have available to offer," he concludes.
The Association recommends seniors compare both Medicare Advantage as well as Medicare Supplement (Medigap) options. "There are definite pros and cons to both," Slome shares. "Those added free benefits like dental and free food are heavily advertised on television, but even these benefits vary significantly from plan to plan. And, no premium doesn't mean no cost," he adds.
To learn more and read tips for comparing Medicare insurance plans go to https://medicaresupp.org/compare-medicare-supplement-plans-2023/
As an example of the complexity, a recent AAMSI report found that in 2023, there are 177 different Medicare Advantage plans available in Maryland. "Add to this a myriad of Medigap plan options and you can see the reason to do your homework and seek out a professional for assistance," Slome recommends.
To find the best Medicare plans available locally, the Association makes available the nation's leading online directory listing local Medicare insurance agents. It is free and private to access via the organization's website at https://www.medicaresupp.org/find-local-agent/.
32504 Carrie Place
Westlake Village, CA 91361
The American Association for Medicare Supplement Insurance advocates for the importance of consumer awareness and supports insurance and financial professionals who market Medicare insurance solutions. Based in Los Angeles, CA, visit the organization's website for additional information at https://www.medicaresupp.org/information/.
This release was published on openPR.
Permanent link to this press release:
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 Tips Help Seniors Compare Medicare Supplement Insurance Plans here
News-ID: 3072343 • Views: 681
More Releases from American Association for Medicare Supplement Insurance
2024 Medicare Drug Plan Premium Costs Vary Widely For Seniors
A senior in Houston will pay monthly premiums as little as 50-cents for their 2024 stand-alone Medicare prescription drug plan coverage. Or, they could pay as much as $108.30 monthly according to just-released data from the American Association for Medicare Supplement Insurance (AAMSI). "Costs for your 2024 Medicare drug plan coverage will vary widely depending on where you live and the plan you choose," reports Jesse Slome, director of the organization.
Directory Connects Seniors With Local Medicare Insurance Agents
A free online directory hosted by the American Association for Medicare Supplement Insurance connects seniors with local Medicare insurance professionals. "Medicare is a national program but Medicare plan options are local," explains Jesse Slome, director of the national organization. "Finding the best Medicare option for your needs and budget is a lot more complex than just calling a toll-free number advertised on television." According to the Medicare insurance expert, the typical seniors
Seniors Urged To Compare All Medicare Insurance Options Before Deciding
When it comes to Medicare insurance options, seniors have more choices than ever. More options are resulting in more confusion and an increase in mistaken choices. An educational effort has been launched to help educate seniors who are eligible for Medicare. "The typical senior has 100 or more different options to choose from," explains Jesse Slome, director of the American Association for Medicare Supplement Insurance. "While Medicare is a national program,
Association's Directory of Medicare Insurance Agents Achieves Record Growth
The nation's leading online directory used by seniors to find local Medicare insurance agents has reported significant growth. "In 2022, a record number of individuals accessed this valuable resource seeking local Medicare insurance professionals," reports Jesse Slome, director of the American Association for Medicare Supplement Insurance. The organization makes available the nation's leading free online resource for consumers. "Medicare is a national program that benefits millions of Americans," Slome notes. "However, Medicare
More Releases for Slome
Covid-Experience Creating New Insurance Sales Opportunities For Agents
The Covid experience is going to make people very aware of their health vulnerability and that presents insurance agents with an opportunity. "Covid has changed how people view their health and more individuals will be interested in understanding how to plan for future risks," explains Jesse Slome, director of the American Association for Long-Term Care Insurance as well as the American Association for Medicare Supplement Insurance. "Insurance agents are already
Free Online Directory Connects Seniors With Local Medicare Insurance Agents
To help Medicare eligible seniors the American Association for Medicare Supplement Insurance has expanded the organization's online directory listing local Medicare insurance agents. "Medicare is enormously complex and finding the best option and cost can be overwhelming," explains Jesse Slome, director of the national organization. Slome notes that Medicare's Annual Election Period (AEP) begins October 15th. "Medicare AEP is a peak decision time for millions who are already on Medicare," Slome
Critical Illness Insurance Association Relaunches Website
The American Association for Critical Illness Insurance has relaunched the organization's website designed to create heightened awareness of and interest in cancer insurance as well as critical illness insurance. "We intend for the new website to be the nation's primary and trusted resource for information," shares Jesse Slome, director of the organization first founded in 2009. "Millions of Americans between the ages of 35 and 55 could greatly benefit
Discounts On Select Overseas Adventure Travel And Safari Tours
A number of last minute travel deals can save individuals as much as $2,500 shares passionate world traveler Jesse Slome. "The latest specials just announced by Overseas Adventure Travel can save couples anywhere from $1,600 to $5,000," Slome shared. The discounts are being offered on a variety of popular tours. The discounts are available on OAT's Safari Serengeti tour with departures in February and March. Discounts are also available
Women Buying Majority Of Life Plus Long-Term Care Insurance Policies
Sales in 2010 of life insurance policies offering long-term care benefits surged 79 percent for the industry's leading insurance carriers. According to annual research conducted by the American Association for Long-Term Care Insurance women comprised just over 60 percent of new buyers the study found. "Linked life insurance policies that offer long-term care benefits experienced significant growth in 2010," states Jesse Slome, the national trade organization's executive director. "Consumers are finding
Voices.com Will Host Voice Over Demonstration Booth at SLOME 2011
Voices.com will be setting up an interactive display booth at the Skills London Oxford Middlesex Elgin (SLOME) event for London, ON area students. SLOME is presented by the Elgin Middlesex Oxford Workforce Planning and Development Board on Monday May 11 from 8:00am - 3:30pm at the Western Fairgrounds, Agriplex Building. Visitors to the Voices.com booth will have the opportunity to test-drive what it’s like to be a voice actor by participating in