Before you sign up for any of Medigap’s 2018 plans, you need to find 2018 Medigap quotes. That’s the best way to find a lowest price.
Now you don’t want to find quotes for every plan from every provider. That is simply too much unnecessary information and work for you. You can start by narrowing down your sample size. You do this by making a choice as to which Medigap plans you are going to concentrate on. Some of them are obviously not going to be appropriate for you.
For instance, if you have some serious medical issues and lots of medical expenses to pay on your own before you sign up for any of the Medigap plans that supplement Medicare, then you don’t want a low-coverage plan. A plan with very little coverage isn’t going to do much for you, and it is not really worth your time and money. Instead you would need to focus on a plan with lots of coverage to offer you.
So figuring out what kinds of plans are appropriate for you can help you drastically reduce the number of plans you have to really look at and source quotes for. Once you narrow down your list of potential plans to just a few, you can concentrate on those plans. Start sourcing quotes for those specific plans from at least a few different insurance companies.
Now as you gather 2018 Medigap quotes, you ought to try to collect as many as you can. While gathering a few gives you some idea of what the average is and who has the lower price, it may not give you the absolutely lowest price. You will only find that by sourcing quotes for every available insurance provider that is selling the plans you are interested in.
To save yourself a little time, you can just eliminate the providers that aren’t selling the plans you want. Not all of them have the same plans. They all must take their plans from Medicare’s lineup, but they don’t have to offer the full lineup. Take that into consideration as you sort through the various insurance companies and their quotes.
You may also want to stay up to date with the rates as they increase. There is no doubt that the rates for Medigap plans will increase over time. What you would pay now for these plans, if you were to sign up today, is sure to be less than what you would pay for the same plans a few years from now. Inflation does that, and it’s going to affect every quote you are gathering now.
That doesn’t mean it’s useless to source quotes at the moment. You can actually predict to a certain degree how the 2018 Medigap quotes are going to look by sourcing current quotes. That information gives you a snapshot of the company that sell these plans and how they price their coverage plans. It is very possible that they will still be pricing their plans the same way in a few years. The expensive insurance companies will likely still be expensive, and the really competitively-priced ones will likely still be quite cheap.