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Medigap Premiums: Why do they Increase!?
Manage episode 365349948 series 2966624
In this episode of the Transition to Medicare podcast, we demystify the often misunderstood topic of Medigap premium increases, offering listeners comprehensive insights into the complexities of Medicare Supplement plans. As you approach 65 and consider your Medicare options or continue on your Medicare coverage, it's crucial to understand what factors into Medigap premium increases.
This episode uncovers key aspects such as 'loss ratio' and the practice of insurance companies opening and closing blocks of business. We debunk common myths and present clear explanations, helping our listeners make well-informed decisions about their Medigap plans. Our podcast is designed to make the transition to Medicare less daunting, giving you the confidence to navigate your way toward suitable coverage. Tune in for an indispensable discussion, and leverage these insights to help strategize for your future healthcare needs."
Giardini Medicare is an independent insurance agency specializing in helping Medicare beneficiaries enroll in the Medigap or Medicare Advantage plan that fits their needs during their transition to Medicare. We are licensed and work virtually in the following states: AZ, CA, FL, IL, IN, KY, MI, MD, NC, OH, PA, SC, TX If we do NOT work in your state, we can refer to agents that we know, like & trust across the country. Fill out the form linked to our map.
Check out our website at https://gmedicareteam.com/
Also, see our additional educational content over on our YouTube Channel
You can also connect with and learn more on TikTok and our private Facebook Group and while you're at it, check out our Google Reviews! And please get added to our mailing list so we can remain in touch with you.
Sources:
How Medigap plans are rated
Block of business definition
Historical Medigap Rate Increase Data
Link to document with different Medigap underwriting rules per state
134 episodes
Manage episode 365349948 series 2966624
In this episode of the Transition to Medicare podcast, we demystify the often misunderstood topic of Medigap premium increases, offering listeners comprehensive insights into the complexities of Medicare Supplement plans. As you approach 65 and consider your Medicare options or continue on your Medicare coverage, it's crucial to understand what factors into Medigap premium increases.
This episode uncovers key aspects such as 'loss ratio' and the practice of insurance companies opening and closing blocks of business. We debunk common myths and present clear explanations, helping our listeners make well-informed decisions about their Medigap plans. Our podcast is designed to make the transition to Medicare less daunting, giving you the confidence to navigate your way toward suitable coverage. Tune in for an indispensable discussion, and leverage these insights to help strategize for your future healthcare needs."
Giardini Medicare is an independent insurance agency specializing in helping Medicare beneficiaries enroll in the Medigap or Medicare Advantage plan that fits their needs during their transition to Medicare. We are licensed and work virtually in the following states: AZ, CA, FL, IL, IN, KY, MI, MD, NC, OH, PA, SC, TX If we do NOT work in your state, we can refer to agents that we know, like & trust across the country. Fill out the form linked to our map.
Check out our website at https://gmedicareteam.com/
Also, see our additional educational content over on our YouTube Channel
You can also connect with and learn more on TikTok and our private Facebook Group and while you're at it, check out our Google Reviews! And please get added to our mailing list so we can remain in touch with you.
Sources:
How Medigap plans are rated
Block of business definition
Historical Medigap Rate Increase Data
Link to document with different Medigap underwriting rules per state
134 episodes
All episodes
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