As of 2020 more people choose to go with a Medigap plan versus a Medicare Advantage plan.
Some of the reason Medigap plans are so popular are for the following reasons:
We find that many consumers who are not heavy users of their health insurance don’t fully understand the value Original Medicare with a Medigap plan brings to them.
For these individuals, they will usually opt for a Medicare Advantage plan. Many of these plans come at a very low cost meaning no monthly premiums.
It is not until later when the Medicare beneficiary who signed up for their Medicare Advantage plan discovers how the plan actually works or doesn’t work as they believed. When the Medicare beneficiary finally has a major medical need that requires multiple doctors or specialty treatment facilities, they discover they have limited options available to them based on the medical network they signed up for.
For those individuals that are actively using their health insurance they can find it very difficult to transition from an employer based health insurance plan to Medicare as they can’t find a Medicare Advantage plan that covers all of their must have Doctors. Unless their Agent tells them there is another option they will typically settle for a new Doctor which can bring on a whole new set of issues.
Before you take the plunge into obtaining a Medigap plan you should know more about them. For instance what are the main reasons people do not stick with Original Medicare and obtain the Medigap policy to fill in the gaps left behind by Original Medicare.
Following are some of the reasons we have found for people not wanting a Medicare Supplement / Medigap plan.
These are some of the most common reasons we have found for people choosing a Medicare Advantage plan over Original Medicare with a Supplement plan. What we find interesting is we have yet to find a person who has told us they were with Original Medicare with a Supplement and their procedure was denied. Or they had to wait a month for approval to get their pre-authorization. Or they had to fight with their insurance company over a bill they were refusing to pay. It usually comes down to the cost or I simply didn’t know or I didn’t understand how this all worked.
We love our job because we get to help people. This past week we helped someone obtain a Medicare Advantage plan because they believed that was their best option. We also helped someone else obtain a Medicare Supplement plan as they felt this was their best option. We presented both options to these individuals and we helped them make the best decision for themselves. Each picked a different option that they could afford and that worked for them. It is our goal to help you fully understand all of your options that are available to you so you can make an informed decision.
Give us a call or complete our online request form so we can help you make the right decision. 562-735-3553 x1