Medicare Supplement Insurance, also known as Medigap, can be a lifesaver when it comes to covering the out-of-pocket costs that Original Medicare doesn’t pay. But many beneficiaries are surprised to find that premiums for Medigap plans can increase over time—and sometimes significantly. So, what can you do to take control?
At Medicare Advisors, we help you make smart choices to protect both your health and your wallet.
💸 Why Do Medicare Supplement Premiums Increase?
There are several reasons why your Medigap premiums may rise:
- Age-Rated Pricing: Many plans are priced based on your age—meaning the older you get, the more you pay.
- Medical Inflation: As healthcare costs go up, insurance companies adjust their premiums.
- Company Adjustments: Insurers sometimes raise rates across the board for all policyholders.
🧐 What You Can Do About It
Here are four smart steps you can take to manage or reduce your Medicare Supplement premiums:
✅ 1. Compare Plans Annually
Just because you signed up with one company doesn’t mean you’re stuck forever. Different insurance providers offer the same exact Medigap coverage at different prices. We can help you shop and compare.
✅ 2. Consider Switching Providers
If you’re in good health, switching to another Medigap provider with lower premiums may be an option. Our licensed agents at Medicare Advisors can walk you through the underwriting process and find the right fit.
✅ 3. Review Your Health Needs
Do you still need the same level of coverage? Maybe a different plan (like switching from Plan F to Plan G) can meet your needs at a lower cost.
✅ 4. Talk to a Local Expert
This is where we come in! At Medicare Advisors, we provide free policy reviews, personalized consultations, and access to top-rated carriers in your area.
👩⚕️ Why Choose Medicare Advisors?
- ✔ Independent Medicare Broker — We work for you, not the insurance companies.
- ✔ Bilingual Support — Serving both English and Spanish-speaking communities.
- ✔ Trusted Local Experts — We’re based in New Jersey and understand your local healthcare landscape.
- ✔ No-Cost Consultations — Get the advice you need, no strings attached.
📞 Take Control of Your Premiums Today
Don’t let rising costs catch you off guard. Contact Medicare Advisors now to schedule your free Medicare Supplement review and discover how much you could save.
📞 Call: +1 (877) 255-0284
📧 Email: info@medicareadvisors.com
