Medicare Supplement Rates Vary From Different Companies

Medicare Supplement Insurance Rates are going up. They are going to keep going up forever. Most people are shocked when they get hit with their first rate increase. They think maybe it might be a one-time deal. They ask "Why are my rates going up this year?". The bottom line is they are going to go up every year. You should get used to it. But why exactly do rate increases exist?

Why do I get rate increases every year?

The reasoning behind getting rate increases on your policy every year is pretty simple. Suppose a company has a block of business. This block of business is brand new. Then they bring on clients, and more clients. Soon some of these clients start getting sick, and sicker, resulting in increased claims being written, which ultimately raises the cost for your policy. Fortunately, there are many companies out there who have lower rates that you can switch to if you can answer their health questions. Your current plan F that you're enrolled in, can be significantly lower with another company. This works to your advantage every year.

How much will my rate increase be?

It varies from person to person on how much your rate increase will be. So if you think you're going to just buy a Medicare Supplement Plan, put it in your filing cabinet and forget about it for the rest of your life, that's probably not true unless you're very rich and you don't care what you're paying. If you're looking to contain the cost of your supplement plan and are on a low budget you have to understand how all of this works and work with us so we can get you the best plan at the lowest price, each and every year.

Here at choosing a Medigap, we have your best interest in mind, and have licensed agents on staff to help guide you through the process of finding the lowest rates. We will never try to sell you into a plan just to make a sale. Since our service is free to you, you will have the peace of mind knowing that we tried our best to get you the lowest rate possible. We work with multiple companies, so we will never be biased towards any one company.

Get rates online today!

If you're ready to start receiving rates either online or by e-mail (we have the capability to do both), then please enter your zip code above and click on "Get Quotes Now" to start the process. It will take less than a minute, and you will be glad after it's all done knowing we helped you save hundreds a year on your new policy.