Georgia Medicare Plans – Did You Buy the Wrong Supplement Plan?

If you turned 65 in the last 5 months and bought a Medicare supplement plan in Georgia, you probably paid too much. Georgia seniors who became 65 in the last 5 months were bombarded with calls and solicitations about Medicare plans. Most were confused then and still are, and many probably bought the wrong plan and paid too much.

If you bought a Medicare Advantage plan, did you fall prey to the low premiums which in some cases are $0 per month? Did you realize a serious injury or illness could leave you owing $3,000 – $6,000 or more after your plan pays their portion?

Most seniors in Georgia who opted for original Medicare and a supplemental insurance plan chose plan F. Did you look at other plans and compare rates and benefits?

Many did not. Instead, they picked the plan that was promoted most heavily and probably bought from someone like AARP or Blue Cross because they knew the name.

In doing so you may have purchased the most expensive plan in the market.

Some of the popular Medicare supplemental insurance plans charge the same rate for males and females which is fine unless you are a female and don't like paying too much for your Medigap plan.

How Much Should You Expect to Pay for a Medicare Supplement Plan in Atlanta, Georgia?

Company "A" charges $147.50 for a 65 year old in Atlanta for plan F. The same rate is billed if you are a male or a female.

Company "B" charges $144 for a 65 year old in Atlanta for plan F. The same rate is billed if you are a male or female.

If you want the lowest rate for plan F in Atlanta you could have paid $130.94 as a male or $121.24 as a female.

When you pay more you don't get more, you simply paid too much.

If you wanted plan G, Medigap company "A" doesn't offer it and "B" would charge you $133 per month.

But if you wanted to save the most money you could have purchased plan G for $108.25 as a male in Atlanta, or $110.23 as a female.

Here is the good news.

It is not too late!

Even if you bought the wrong plan and paid too much, it is not too late. If you turned 65 in the last 5 months you can still correct your mistake and purchase a lower premium plan, even if you already bought a high priced plan. It is not too late to make the switch!

At Georgia Insurance Shop and Georgia Med Supp you will never pay too much for Medigap coverage.

 

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