Finding a Medicare Supplement in Wisconsin

The key to finding Medicare Supplement in Wisconsin

is to contact a independent agency, like us at the LJM Insurance Ltd.  An independent agent offers more than just one company and can show you all the providers in your area.

When you deal with a captive agent, the are only dealing with one company and can only give you that price.   The agent is not going to be able to show you every Medicare Supplement for Wisconsin.  There are several factors to look at when shopping for a Medicare Supplement:

• Rate History:  All policies have rate increases and if anyone says their plan will not have any rate increases is flat out lying to you.   What you want to look for is a stable rate increase that is in the range of 4 to 8 percent.  When you look at the quotes for all the companies, ask to see the rate history.

• Discounts:  While many companies offer what they call "household discounts" how you qualify for that discount varies greatly.  I break it up into two different groups.
  
  1. Spousal Discount:  Simply put in order to qualify for this discount you and your spouse need to have the same Medicare Supplement.  If you are older than your spouse and they are not yet on Medicare, you would not qualify.
  2. Household Discount:  To qualify for this discount you only need to be living with someone, usually for the past 12 months.  The age of the person you reside with varies from company to company, some need to be over the age of 18 others need to be over 50.  The companies that offer this discount is something you should be looking at if your spouse is not aging into Medicare with you.
• Cost:  In your search for finding a Medicare Supplement that fits your needs, the main difference between Medicare Supplement Companies is the cost.  They all must provide the same basic benefits, its the law.  This is explained in the Medicare handbook "Medicare & You" starting on page 100 in the 2016 issue.

When you can purchase a Medicare Supplement in Wisconsin

The best time to buy a Medigap policy is during your 6-month Medigap open enrollment period, because you can buy any Medigap policy sold in your state, even if you have health problems. This period automatically starts the month you're 65 and enrolled in Medicare Part B (Medical Insurance). After this enrollment period, you may not be able to buy a Medigap policy. If you're able to buy one, it may cost more.

When searching for a Medicare Supplement in Wisconsin just keep all the above hints in mind and you and you will find the best product to fit your budget and needs.  For more information and an unbiased quote for all the companies in your area call us at 920-545-4884 or go to http://ljminsuranceagency.com/ and click on the "request a quote" button.

What is a Medicare Supplement

A Medicare Supplement is a policy that Insurance companies sell that pay some of these expenses if you are enrolled in both Part A and Part B of Medicare. These policies are referred to as "Medicare supplement" or "Medigap" policies and provide a way to fill the coverage gaps left by Medicare.  All Medicare Supplement Plans are standardized and must offer the same basic benefits.  They can (and will) charge different for the exact same plan.  Some plans do offer extra benefits but usually charge more for those plans and the benefits don't outweigh the cost.