Get the Inside Info

Tips on choosing the right Medicare Supplement Plan

Jan 17, 2019 11:10:00 AM / by Stephanie Pogue

Stephanie Pogue

Following are a few tips on choosing a Medicare Supplement plan and the right insurance company to enroll with no matter where you live.

As you already know, a Medicare Supplement, or Medigap plan, is a good choice if you are looking for health insurance you can budget for easily.  Depending on which plan you choose, you pay your premium and most, if not all other, Medicare Approved costs are paid for by the insurance company.

choosing a medicare supplement download


Related Post: What's the difference between Medicare Plan F, Plan G and Plan N?


Once you’ve chosen the Plan you want (F, G, and N are the most popular), you need to choose a company and enroll.

Keep in mind, there is no difference in the coverage between the companies. The only difference is the price you pay, or premium. 

Although price is the main difference when purchasing a Medicare Supplement, you don’t always want to choose the lowest rate. Sometimes companies will offer a very low rate to entice you to enroll and then increase the price significantly in a short amount of time. If a company is offering a new product, it is sometimes priced low and then increases with time as well.

Start by looking for reasonable premiums with reputable companies. Look for companies you have heard of, have experience with, or at least have a good A.M. Best rating. (A.M. Best is a credit rating agency specifically for insurance companies) You can also check the Insurance Department in your state for a list of companies that offer Medicare Supplements, as well as, their complaint ratio.

Keep in mind there are several discounts you may be entitled to including a household discount if you live with another adult or a non-smoker discount.

At this point, it helps to contact a licensed independent health insurance agent or broker to help you narrow down the options. They will know which companies offer stable rates and good customer service.

Even if it looks like you can enroll online through a  website, a representative from the company will still need to contact you.  Most insurance companies will not allow a Medicare beneficiary to enroll online without speaking to a representative first.

Keep this in mind, after you enroll in a Supplement, you will also need a Part D Prescription plan. Even if you don't take any medications, you should look into enrolling in a plan. There could be a penalty if you don't enroll when you are first eligible.


Related PostHow do I find the right Medicare Part D Plan?


St Louis Insurance Group is always available to help you decide on a plan. Instead of sending you to an automated quoting tool, we will give you all of the information you need through a convenient, online meeting.


Free Online Insurance Consultation

Topics: Medicare

Stephanie Pogue

Written by Stephanie Pogue

Stephanie has been primarily helping seniors and retirees with their healthcare decisions since 1995. In addition, she has recruited and trained agents, developed and promoted managers, and ranked in the Top 3% of Sales Managers at Bankers Life & Casualty while she was there. She is now the Director of the St. Louis Insurance Group and can be reached by email at