There are four things that we take into consideration when choosing a Medicare Supplement/Medigap Insurance Company:
1. Price – Each company is free to charge different prices for their plans even though Medicare Supplement plans have standardized coverages. That means a Plan F from ABC Company has the exact same coverages as the Plan F with XYZ Company. This makes it easy to compare plans apples to apples.
2. Customer Service – Our clients will sometimes call the companies directly to resolve issues. We want to make sure the companies that we work with have good customer service so that way we don’t get calls from upset clients.
3. Agent Support – We are having to be in contact with these large insurance companies on a daily basis so we want to make sure we work with companies that make it easy for us to provide good service to our clients. When our clients have issues with their policies, we will help resolve those issues so we want to make sure there is knowledgeable and effective agent support available to us.
4. Strength of Company – It is important for us to work with strong companies…why? Because the stronger the companies are, the more stable the plan premiums will be. We do not want our clients getting letters stating that their policy premiums are going up 15%. That would cause a lot of headaches for them and for us. We want to work with the strongest, healthiest companies in the industry.
Those are four of the most important factors when it comes to choosing a Medicare Supplement/Medigap Company to work with.
If you would like more information on Medicare, request a copy of The Nuts & Bolts of Medicare book here and we will mail it out to you!
If You Would Like to Have Your Own Personal Independent Medicare Agent that specializes in California, request a consultation here!
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