Florida Medigap Insurance

There are many insurance companies that sell Medigap insurance in the state of Florida.  Some of the leading carriers include BCBS ofmedigap-comparison-chart-2012 Florida, Humana, United Healthcare, Mutual of Omaha, and Gerber Life.  Medigap plans if Florida are "standardized" so it's best to shop plans for the coverage that fits your needs and budget.

Florida Medigap Insurance is also known as Medicare supplement insurance.  Medigap plans can pay as much as 100% of the cost of Original Medicare's deductibles and co-insurance.  Find out more with a quick call to Florida Medicare Plans today.  Call (877) 562-1845 and talk to an advisor today!

Florida Medicare 2015

As we rapidly approach the 2015 Annual Enrollment Period, the two most asked questions are; what will happen with Medicare spending?Florida Medicare 2015 And; how will it affect my Medicare?

First, depending on whom you listen to will affect the answer you receive. In early April the Obama Administration and CMS (Centers for Medicare and Medicaid Services) announced the planned cuts of 1.9% would be scrapped in favor of a .4% average increase for Medicare Advantage plans. The change in direction was dictated by severe bi-partisan opposition and lobbying from insurers on Capitol Hill. Humana Inc., one of the nation’s largest Medicare Advantage providers, said it expected to see a 3% year over year decrease in funding for 2015 plans. If history is any indicator, an average decrease in Medicare Advantage funding is on the horizon. Last year the administration claimed an increase in funding, only to have insurers experience a 6% cut in Medicare Advantage reimbursement rates.

Second, whether these cuts affect an individual’s Medicare Advantage plan will depend almost solely on the county in which they reside. Decreased reimbursement rates will mostly affect the counties with higher average cost of caring for Medicare beneficiaries. So, counties with higher population of Medicare beneficiaries will generally have larger provider networks enabling lower cost of care per beneficiary. In short the more rural the plan the higher the cuts in reimbursement rates causing a decrease in plan benefits. In turn plans in more urban areas will see less if any decrease in reimbursement rates.

Finally, these cuts will cause some insurers to pull their Medicare advantage plans out of specific counties entirely, or decreasing benefits so much that the plan is less attractive than original Medicare. For seniors whose plan is pulled from their counties, original Medicare is still provided as well as a Guaranteed Issue opportunity for a Medigap plan. The final tally will not be known for sure until October 1st, but checking your current plan and reviewing all options is more vital this year than ever before.

Issue Age, Community Rated, & Attained Age Medigap Pricing Explained

How do Insurance companies set pricing for Florida Medigap Plans?  Here is an explanation of the three types of pricing:florida-medicare-plans-logo

1.  Issue-Age:  Medigap premiums are based on the age that you purchase the policy.  For example, Mrs. Williams purchases a Florida Medigap plan N couple7at age 66 for $152/month.  At age 68 her monthly premium is still shceduled to be $152 as will it be for age 70 and so on.  If Mrs. Williams buys a medigap plan N at age 70 her price may be $166/month but not sheduled to change in price each year.

2.  Community-rated:  Medigap premiums are generally the same price for everyone who has the medigap plan regardless of age.  For example, Mrs. Williams buys a Florida Medigap plan G at age 65 and pays $164/month.  Mr. Jones buys the same Florida Medigap plan G at his age of 72 and also pays $164/month.

3.  Attained-Age:  Medicare Supplement (Medigap) premiums are based on your current age and are scheduled to go up each year with your age (Happy Birthday!).  Attained-Age plans may start out as the lowest cost when comparing but could end up the highest monthly cost as you get older.  For example, Mrs. Williams buys a Florida Medigap plan N at age 66 for $145/month.  At age 67 the plan is scheduled to rise to $149/month and at age 68 to $156.  Prices are going up each year you have the policy as scheduled.

These different types of pricing Insurance companies use to set prices can be a factor in your decision in choosing a medigap provider.  As always consult an expert in the different plans, options and prices.  See link below for further information on How insurance companies set prices for Medigap plans.

How Insurance Companies Set Prices for Medigap Plans

 

Florida Medicare Plans Quote

There are many insurance companies that offer Florida Medicare supplement plans, Medicare Advantage plans, & Medicare Prescription Drug plans. Let Florida Medicare Plans help you shop these plans. Get an Instant Online Quote Now!

Medicare Annual Election Period – Florida Medicare Plans

It's just about that time of year again...Medicare's Annual Election Period (AEP)!  The Medicare Annual Election Period is between October 15 - December 7 each year. During this time Medicare beneficiaries can join, switch, or drop a Medicare Advantage Plan or Medicare Part D Plans. Coverage begins January 1 for these changes.  sample medicare card

Also important during this time is evaluating your options to ensure that you are still on the plan that is best for you.  Be sure to compare the changes to your current Medicare Plan and any others in your area.  Plans change yearly, some more than others.  Some plans may add extra benefits, while others may drop them. Compare not only the monthly plan premiums but also the co-payments for primary & specialty physician visits, inpatient hospital stay amounts, outpatient surgery, and the changes to the drug formulary.

For those that already have a Medicare Advantage Plan, beneficiaries will receive a "Annual Notice of Change" in the mail.  The amount of mail received can be daunting so enlist a licensed independent agent (such as Florida Medicare Plans) to help sort through the madness.

Florida Medicare Plans Quote

There are many insurance companies that offer Florida Medicare supplement plans, Medicare Advantage plans, & Medicare Prescription Drug plans. Let Florida Medicare Plans help you shop these plans. Get an Instant Online Quote Now!

Florida Medicare Annual Election Period

Get ready Florida Medicare Beneficiaries!  Mailboxes will be flooding soon!  Medicare's Annual Election Period (AEP) will be here soon.  The Annual Election Period is between October 15 - December 7 each year. During this time Medicare beneficiaries can join, switch, or drop a Medicare Advantage Plan or Medicare Part D Plans.  Coverage begins January 1 for these changes.  sample medicare card

This is an extremely important time to evaluate your Medicare options to ensure that you are still on the plan that is best for you.  Be sure to compare the changes to your current Medicare Plan and any others in your area.  Plans change yearly, some more than others.  Some plans add extra benefits, some drop them. There are many factors to consider when comparing plans such as... monthly plan premiums, co-payments for primary & specialty physician visits, inpatient hospital stay amounts, outpatient surgery, and the changes to the drug formulary.

For those that already have a Medicare Advantage Plan beneficiaries will receive a "Annual Notice of Change" in the mail.  The amount of mail received can be daunting so enlist a licensed independent agent (such as Florida Medicare Plans) to help sort through the madness.

Florida Medicare Plans Quote

There are many insurance companies that offer Florida Medicare supplement plans, Medicare Advantage plans, & Medicare Prescription Drug plans. Let Florida Medicare Plans help you shop these plans. Get an Instant Online Quote Now!

Florida Medicare Advantage Plans 2014

Floridians want to know what the Medicare Advantage Plans 2014 will look like but we will not until the pre-enrollment period from October 1 -7, 2013.  The Centers for Medicare and Medicaid have proposed a 2.2% rate reduction for Medicare Advantage plans in 2014.  This is in addition to the reductions in the Affordable Care Act.  And then they have made changes again!

Again, we won’t know what the Florida Medicare Advantage Plans 2014 will look like until October 1, 2013 but I am worried that the carriers will make up the difference in ways that will affect you…the senior.  Will plans lose some of the “extra” benefits such as 100% covered dental cleanings or eye exams.  Co-pays may go up as well as premiums.

I urge seniors to take a close look at their current plans and the “Annual Notice of Change” that they will receive in the mail.  I recommend this every year but I am urging them even more for the Florida Medicare Advantage Plans for 2014.  Be sure that you have proper help and guidance to make sure that you have the best plan for you.

If you have not considered a Florida Medicare Supplement plan this is also a good time to do so.  For more information about Medigap plans click HERE!

Florida Medicare Plans Quote

There are many insurance companies that offer Florida Medicare supplement plans, Medicare Advantage plans, & Medicare Prescription Drug plans. Let Florida Medicare Plans help you shop these plans. Get an Instant Online Quote Now!

Florida Medicare Plans

So how do you know what the best Medicare plan for you is?  Floridians want to know they have the proper coverage for their Medicare needs whether it's a Medicare supplement (Medigap), or a Medicare Advantage plan.  Our Florida Medicare Plans website can help you in your research and shopping.  It's easy!  Just click on our Instant Online Quote button, type in some brief information, and instantly see different carriers and plans.  You can see Florida Medicare supplement plans, Florida Medicare Advantage plans, and even Florida Medicare Part D plans.  Yes, i say it with Florida in front of those different types of plans because that is all we focus on...the great state of Florida.couple6-230x153

With insurance carriers such as Humana, UnitedHealthcare, Coventry, Wellcare, Aetna, Cigna, and others there are a lot of choices.  Let Florida Medicare Plans help you narrow your search to the best fit for you.  It's easy and hassle free, and takes just a few minutes!

Florida Medicare Plans Quote

There are many insurance companies that offer Florida Medicare supplement plans, Medicare Advantage plans, & Medicare Prescription Drug plans. Let Florida Medicare Plans help you shop these plans. Get an Instant Online Quote Now!

Florida Medicare Supplement Plans

Did you know that even if you already have a Medicare supplement plan in Florida that you can change insurance companies anytime throught the year?  Most people think the only time you are allowed to change Florida Medicare supplement plans is during the "Annual Election Period".  This is not true as the "Annual Election Period" is for Medicare Advantage (Part C) plans and Medicare Part D Plans.  couple2

It's ok to compare Medicare supplement plans.  I recommend you check your plan and premiums each year.  Here are some reasons why you want to shop Florida Medicare supplement plans:

  • You may get the same plan (example plan F) from another insurance carrier at a lower monthly cost (plan types are the same coverage no matter the insurance carrier).
  • Your current insurance policy premiums are scheduled to go up each year automatically
  • You may not have the most comprehensive coverage you can get (Plan F) and want no co-payments for anything covered by Medicare.
  • You may want to look at plans that have lower premiums but a minimal co-payment for office visit or ER visit.
  • You may not be happy with the service you are receiving from your current carrier.

The point to all of this is that you can compare plans all-year-round.  There may be underwriting that you go through before approval but there is minimal headache for the potential of savings $100's each year.

Florida Medicare Plans Quote

There are many insurance companies that offer Florida Medicare supplement plans, Medicare Advantage plans, & Medicare Prescription Drug plans. Let Florida Medicare Plans help you shop these plans. Get an Instant Online Quote Now!