Medicare supplement insurance in BCS

ontheedge
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Are there any agents that write MC supplement policies locally. Seems a person turns 65 and they all come from out of town.

Also, does anyone (retirees most likely) know of anywhere online to view supplement premium histories for various companies?

TIA
TheOC16
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AG
Our office is here in College Station, though our Medicare Specialist is in Marfa. You're welcome to come to our office in Aggieland Business Park (we do mostly Financial Planning, u65, Life, and DI), though you would want to talk to our Specialist, Jessica to pick your Supplement. She does a lot of business by email and telephone, but also makes trips to this area about once a month.
gettingitdone
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Serious question......

If coinsurance with Medicare A & B is 20%, is the supplement picking up that portion? If so, is paying a monthly premium for the supplement worth it? If a person is rarely sick, seems the monthly premium would be more expensive in the long run then just paying the 20% coinsurance.
ontheedge
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TheOC16 said:

Our office is here in College Station, though our Medicare Specialist is in Marfa. You're welcome to come to our office in Aggieland Business Park (we do mostly Financial Planning, u65, Life, and DI), though you would want to talk to our Specialist, Jessica to pick your Supplement. She does a lot of business by email and telephone, but also makes trips to this area about once a month.
Thank you. Company?
ontheedge
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gettingitdone said:

Serious question......

If coinsurance with Medicare A & B is 20%, is the supplement picking up that portion? If so, is paying a monthly premium for the supplement worth it? If a person is rarely sick, seems the monthly premium would be more expensive in the long run then just paying the 20% coinsurance.
I have seriously wondered, considered and everything else about this exact same thing. I also read about how the supplements are continuously going up in price.
gettingitdone
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Something else to think about or ask,,,,

will the supplement have a deductible? Medicare does have a deductible. It is fairly small, like around $200. If the supplement also has a deductible, you will have to pay that before any benefits are paid. In essence, you will most likely pay two different deductibles, plus monthly premiums for both Medicare B and the supplement.
ontheedge
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gettingitdone said:

Something else to think about or ask,,,,

will the supplement have a deductible? Medicare does have a deductible. It is fairly small, like around $200. If the supplement also has a deductible, you will have to pay that before any benefits are paid. In essence, you will most likely pay two different deductibles, plus monthly premiums for both Medicare B and the supplement.
Plan G has no deductible. Medicare deductible of $185.50.
TKDMom
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On the subject of whether co-insurance is worth it, my answer would be a resounding yes. My geriatric mom tripped and fell about 8 years ago. She broke her arm. At the time she was paying about $300/mth for supplemental insurance premiums. The first bill from the hospital wiped out the cost of her premium and then some. She never got a bill. Her supplemental insurance covered everything that Medicare didn't.

On a sad note: a few years ago she reached a point where she could no longer afford the premiums for the supplemental plan, so she dropped it. I offered to pay for the premiums, but when she went back to her agent to see if she could get signed up again, her agent told her that since she now had a pre-existing condition (diagnosed after the policy lapsed) she could not insure her. She had a heart attack last August with only Medicare to cover her. Believe me when I say I wish we were only having to pay the premiums of $3600 per year. She's been paying the bills down at the rate of $50/month. She will most likely die before any of the bills are completely paid off.
Tx Ag72
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You can call my office at 693-0300, I represent all the major carriers.
1.618
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Healthy people always wonder if the cost of medical insurance is worth it. Once you have an illness, you know that you can be bankrupted in a very short time over medical costs but at that point, you might not be able to get medical insurance.

So, get the medicare supplement and lock in your costs and hope that you stay healthy and never need the policy.

-Signed someone who already met their $3,000 deductible for the new year.
tdm89
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Medicare Advantage (Replacement) or straight Medicare with no supplement is great when you're healthy. If you develop a serious illness or have a heart attack, car wreck, major surgery or anything else more than general sickness and wellness checks, you're going to wish you had Medicare + supplement.

The few exceptions are the big, retiree Medicare Advantage plans like the TRS plan or something similar. Those are pretty good. Just remember, you get what you pay for - low premiums will equal low coverage on major events. Medicare + supplement will usually mean $0 paid even on major events.
EMY92
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AG
My father found a great supplement for my mother before he passed. The premium was $3500/year, but my mother's health wasn't that great in her final years. The $3500 was nothing compared to the 20% that Medicare didn't cover.
woodiewood1
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My insurance friend here in town can help you. Call Mike McMicken at 979-575-2579.
EBrazosAg
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AG
tdm89 said:

Medicare Advantage (Replacement) or straight Medicare with no supplement is great when you're healthy. If you develop a serious illness or have a heart attack, car wreck, major surgery or anything else more than general sickness and wellness checks, you're going to wish you had Medicare + supplement.

The few exceptions are the big, retiree Medicare Advantage plans like the TRS plan or something similar. Those are pretty good. Just remember, you get what you pay for - low premiums will equal low coverage on major events. Medicare + supplement will usually mean $0 paid even on major events.


You nailed it. Mcare Advantage is a good deal only if you plan to stay healthy then drop dead. Otherwise get a supplement policy and you can see the docs you want and get the best care, not the care that the Advantage sponsor wants to pay for ....
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