Are you unsure of how to shop for a Medicare Supplement in Texas? Many Medicare supplement insurance carriers offer plans in Texas. There are several factors to consider when shopping for your insurance policy.
An insurance agent can help you shop the top Medicare Supplement insurance carriers in Texas (and 46 other states) to assist you in finding the lowest premiums.
Texas Medicare Supplement Buyer’s Tips
- Every Texas Medicare Supplement insurance policy has identical benefits if the plan letter is the same. For example: if you like Plan F, you could purchase that plan from AARP or Humana or Blue Cross Blue Shield of Texas, and the benefits are the same. The prices will vary by carrier though. Knowing this, you can shop for the best rates without worrying that benefits will differ.
- Research the Rate Trend for each insurance policy you are considering. Supplement premiums will start at one rate but will have rate increases generally every year. You want an insurance carrier with a strong history of stable rate trending.
- Compare Financial Ratings or each Medicare supplement carrier. Companies with A or B financial ratings have more assets in reserve and are generally larger companies than those with lower ratings.
- Brand name carriers may cost you more money. Many Medicare beneficiaries find that there are companies in the Texas Medicare Supplement insurance market that they have never heard of. That’s because many of these carriers only sell health insurance to people on Medicare. If you are new to Medicare, you may not be familiar with the carrier’s name. However, it may have excellent rate trends, strong financial ratings and long histories of stability. Don’t write off a carrier just because they don’t sell insurance to people under 65. Every dollar in your pocket is better than a dollar in an insurance carrier’s coffers.
Finding all this data can take a person a very long time if they are calling each carrier directly. Our agency has software that compares all of this instantly. Most individuals shop for their Medicare supplement insurance through an agent specializing in Texas Medicare supplement insurance policies like us.
Our independent insurance agency can help you find your Texas Medicare supplement today. For help, call us or fill out our information request form by clicking the orange button below.