Medigap plans can provide tons of extra coverage for your medical costs. You can
go from paying out thousands of dollars each year in medical costs to only paying
for premiums to cover those costs once you sign up for one of the plans. Since
Medigap will be around for a while, you may want to start looking to the future
and planning for Medigap 2018.
Medigap Plans 2018
The plans that are available at that time may differ a bit from what you would get
from Medigap today, but many of the same rules apply, as does much of the same
coverage. Here are the basics you should know.
Medicare Medigap 2018
First off, the plans are sold through insurance providers. Medicare gets to make
up the plans and decide what kind of coverage each of them has, but only the
private insurance companies actually sell the plans. You won’t find any
supplemental plans through Medicare itself.
Medigap insurance 2018
Second, the coverage does not change when you go shop for it somewhere else.
You can find the same coverage on Plan F or G or N anywhere you go. The
individual insurance companies don’t get to make any changes to coverage. They
can only set prices.
That brings us to the thirds point- prices. Now the rates will vary between plans,
but they also vary between providers. You aren’t going to pay the same amount
for Plan F from AARP as you would for Plan F from Mutual of Omaha. These are
two different insurance companies selling the same Medigap 2018 plans, but they
do so at different price points.
It comes down to you to find the difference in price between the plans and to see
which one is selling the plan you want at the best price. Some of them are going
to price plans way out of your budget range, so you need to compare them all to
get the best rates. That’s how the savviest Medicare subscribers are doing it. They
are looking at a bunch of different quotes for these plans and comparing the
prices between them. Then they just pick the lowest one. They already know that
the price doesn’t affect the coverage. Only Medicare can alter coverage on these
The fourth thing you need to know about these plans is they can change and they
probably will change by 2018. You may see some similarities between the plans
available now and the plans available in 2018. You may even see the same lineup,
but there is likely to be some coverage differences between now and then. You
ought to be aware of those changes and be prepared to deal with them.
If you have already picked out a plan for 2018, then you may need to change that
up by the time that year rolls around. Changes may have been made to the
coverage on the plan you wanted so that it is no longer the best plan for you.
Look at the plans for Medigap 2018 carefully. Keep up with changes as they occur
so you know what plan is right of you when it comes time to sign up. Only then
will you be sure you are getting the coverage you need.