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Choosing best insurance and insurance at Mayo
Visiting Mayo Clinic | Last Active: Jan 18 12:42pm | Replies (36)Comment receiving replies
Advanatge plans have often denied treatment plans that physicians have ordered...they also
often have restrictions on expensive medications, especially where there are no generics...require you to try something else first(an older, cheaper, but similiar drug).
Medigap policies are all the same...they cover the 20% of what Medicare does not cover. The difference is the cost of their premiums. I used to have an AARP Medigap plan that was more expensive than my current Transamerica plan. Problem is the premiums often become more expensive, as you age. Also the premium amount is often base on where you live. A friend and I had the same plan, but his in Boston was less than mine in Philadelphia...both cities have many medical centers, ???
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Yes, insurance plan premiums differ by region ...including auto and home not just healthcare - and they all go up.
Medicare assigns a letter to Medigap plans to allow you to compare apples to apples in the premium cost. There are some small differences like in deductible or not. Also, one can add riders to cover more and if one smokes expect to pay more!!!!
Back in 2009 when I first bought my BCBS Medigap plan, the rep told me that the premium increased about 10% a year....with the Affordable Care Act (Obamacare) insurance companies were required to pay back min 80% in services so that did slow down the premium increases. I do not think they go up with the senior citizens's age. Unless one did not buy the plan at the commencement of Medicare Part B...and waits... then one will be subject to a higher premium then if one had not waited. Otherwise, the premium increases are just premium increases related to usual explanations ...