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Texas Medicare insurance should be easy. Get the help and benefits you deserve today.

Archive for July, 2012

Do all Texas Medicare Supplement Plans Have Rate Increases?

Friday, July 13th, 2012

The sort answer to the question ‘Do all Texas Medicare Supplement Plans have rate increases?’ is yes.  Medicare Supplement plans are insurance policies that provide for the gaps in coverage that occur in Medicare Part A and Part B.  However, Medicare Supplement plans, also called Medigap policies, are not a product provided by the government.  Private insurance companies become approved to offer Medicare Supplement Plans.  The content of the plan offered has to fall under one of ten categories that Medicare mandates.  These plan types are labeled with letters, namely A, B, C, D, F, G, K, L, M, and N.  For that reason, all Medigap Plan A policies, no matter what insurance company offers it, have the same benefits (hospital coinsurance, 365 extra days of hospital coverage, blood, and hospice coinsurance). 

 

The Texas Department of Insurance regulates the offering of Medicare Supplement Plans in the state of Texas.  However, the insurance company offering the Medigap product can set the premiums to whatever they wish.  In addition, the quality and reliability of insurance company varies.  Also, the level of customer service and ease of getting claims paid will be different according to what company is offering the Medigap plan.  But back to the question of increasing rates.

Medicare Supplement Plans are all guaranteed renewable by directive from Medicare.  However, the insurance company offering the plan is allowed to change the rates (and by change, I mean increase) generally once a year.  They can change the rates for several reasons, including patient class change or increase in age.  As an agent who seeks the best for his client, I will shop around each year, to make sure you have the best price for your chosen plan.  This can help offset the rate hikes imposed by insurance companies dealing in Texas Medicare Supplement insurance policies. 

I am fully versed in the laws governing switching Medicare Supplement insurance.  Changes must be made within the proper enrollment periods or according to guaranteed issue right guidelines.  Also, you can switch from one company to another at any time, providing you qualify medically but as a rule Medigap plans have very liberal underwriting guidelines. As your agent, I can help guide you through the process and red tape involved with Medicare transactions.  My goal is to make is as easy and painless as possible for you to get the medical care you need at a price you can afford. 

Do all Texas Medicare Supplement Plans have rate increases?  Yes, but that does not mean that you are trapped in a rapidly increasing premium situation.  However, there are issues to think about when you change your Medicare Supplement Insurance policy.  Changing Medigap insurance policies needs to be done with consideration for the coverage, premium price, dependability of the company, and customer service levels.  I take all of these areas into account when researching your options as a Medicare recipient.  I can also help you understand alternatives to Medicare Supplement Insurance, such as Medicare Advantage Plans and more. 

When you want direct, honest guidance through Medicare Supplement Insurance, I can give you the pros and cons about signing up for policies or changing in understandable terms.  Cutting out the confusion over Medicare policies allows you to make educated decisions that will help give you peace of mind, knowing the gaps in your traditional Medicare coverage are being provided for.  You don’t have to let rate increases keep stressing your finances and keeping you from enjoying the benefits of Medicare health coverage.

Do all Texas Medicare Supplement Plans have rate increases?  Yes.  Do you have to pay higher prices every year?  No.  As an industry veteran possessing almost 20 years in the industry, I search high and low for the policies that will provide my clients with the coverage they need at the lowest prices.  We focus on helping Texans on Medicare save money and receive the medical coverage they need.   

For more information on changing your Texas Medigap Plan or to obtain an instant quote visit www.MedicareInsuranceTexas.com right now!

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Blue Cross Blue Shield of Texas Medicare Supplement Plan- Ranked Number 1

Sunday, July 8th, 2012

I have consumers ask me on a daily basis who has the best Texas Medicare Supplement Plan or Medigap (same thing) is the best. Sometimes it’s hard to answer due to so many moving parts like where they live, their age and which plan out of the 10 available they are looking at. But one thing is for certain, Blue Cross Blue Shield of Texas Medicare Supplement Insurance is my personal favorite. Period.

Why IS BCBS of TX the Best?

Why? Well it’s simple I personally feel BCBS of TX offers consumers and me as a broker superior customer service and attention to detail. Clients are getting issued in more than a timely fashion and any needed additional paperwork is always expedited. I also notice how they are issuing seniors in a guaranteed issue or initial turning 65 status within a few hours in most cases. Speed and efficiency are critical for seniors with mandated time frames; there is just no margin for error with this group.

Another factor in me selecting them the best is they have an excellent application process that assist in executing these applications in a timely manner. First, their online process is top notch allowing even the most computer challenged senior to finalize the process, never once being forced into the old style “wet signature” and sending back in the mail. Of course they also offer the more traditional application packet that must be physically filled out and submitted but even that process is better than most companies.

Rate Increases Low at Blue Cross Blue Shield.

Medicare Supplement Insurance in Texas, like all other traditional forms of coverage does have rate increases and I dislike them as much as you do. BCBS seems to have some of the most stable rates in the industry, where some carriers have pounded the rates some 10 and 12% these guys have not exhibited that type of behavior. They actually experienced a rate decrease this last October which was a pleasant surprise to most seniors. Of course there is no way of knowing what may or may not happen from one year to the next so yes, they could raise rates soon, but so far so good.

Another note about them is if you are a tobacco user they don’t charge an additional assessment for being in the so called “tobacco user” status. This causes their rates to be some of the most competitive among that group. Good news again.

All Plans have Cons.

Yes, all plans have something I would change and Blue Cross Blue Shield of Texas Medicare Supplement has one as well. Their rates at the time of this writing seem just a “tick” higher than some of the lowest priced plans but it should be noted that other companies marketing Medigap plans do experience rate increases that after a year of two may put the Blues at the lower price point.

 

If you feel that the current plan you have may be charging above market price of if you are just now turning 65 and in the need for a Texas Medicare Supplement Plan give them a look. You can obtain instant quotes from our website.

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