Medigap Policy and Part D Drug Policies, Part 2
The great news is that if you find that the supplementary policies from A to N are a bit difficult to comprehend, at least you only have to understand them once. The reason is, each policy of letters from one insurance firm to another must be the exact same thing. The same thing applies to the Part D drug policies. Each supplier offers a choice of three Part D drug policies, sometimes referred to as “good, better and best”, however, the federal government also requires each of them to exactly the same from one supplier to another.
Selecting the right Medicare supplement and drug policy
Since each specific policy must be exactly the same from one supplier to another, the first step is choosing the best Medicare policy (A-N) care policy and the best Medicare Part D medication policy for your specific situations and needs. While the definition of each policy (A-N) goes outside the scope of this writing, I will suggest a few things to look out for. Also, keep in mind that although every policy can change from one year to the next, a constant is that if policy A comes from an insurance firm, policy A must be exactly the same as another policy.
For instance, last year, I chose the Medicare F Supplement Policy and a policy with a $ 310.00 deductible for drugs. Since you can change your policies in a small window of time, which is this year from November 15th to December 3st, it is important to choose the right policies from the beginning. So far, the going has been good. In fact, my F policy has insured 20% of the total and my medication policy seems to be the right choice, especially after paying my deductible. But first, my pharmaceutical policy gave me discount rates for non-prescription drugs.
So, again, if every single policy from one firm to another is exactly the same, how do you choose the right insurance firm?
First of all, learn all you need to learn about each policy from your health insurance protection agent, which means selecting the right health insurance agent should be your first priority. You need a licensed and experienced agent who takes the time to explain the different policies. Get a quote for a 2019 medicare supplement plan to save money.
So, customer service will differ from one firm to another, so word of mouth, either good or bad, may help you reach a decision. Since the past helps in predicting the future results, you need to consider previous experience with the complaints department or customer service, either from you or someone you know, with one of the leading insurance companies.
And finally, now that you know that all the policies from one firm to another must be exactly the same, why not go with the firm that offers the lowest monthly premiums, assuming it’s a national brand you know? That is, if firm A sends you an e-mail every days for 3 months before you turns 65, and 3 months later requires much more than firm B for the same insurance, why not go with firm B?