Medicare warns consumers to compare companies. Buyers beware!
Insurance companies' rates vary by more than $100.00 per month for identical coverage.
Listed as Important Fact
"If you're thinking about buying Medigap, be sure to compare plans. The costs can vary between plans offered by different companies for exactly the same coverage, and may go up as you get older. Some states limit Medigap premium costs."
However, various state consumer reports show that the vast majority of seniors with Medicare Supplement insurance are paying considerably more than required for identical coverage.
This is why it's so important to find your best rate available.
Consumers with existing Medicare Supplement insurance plans saved an average of more than $500 per year in 2023 using the information in this report.