NC Medicare Supplement Plans Are Standardized

When it comes to shopping for NC Medicare Supplement, also known as Medigap, plans it really isn't that difficult.  Just like all other states in the US, Medigap plans are designated by a letter and each plan is the exact same regardless of where you live.

You will commonly hear people say that Plan F is the best.  While this is technically true since it covers 100% of your Medicare approved medical costs this doesn't mean this is the best value.  Other plan options may offer lower premiums for a small reduction in benefits.  However many times this loss of benefits can often times be justified by the annual premium savings.  For instance, the only differenc between Plan G and Plan F is that Plan G doe not cover the Medicare Part B deductible of $140.  Howvever, if this plan is say $15 less per month then it is a better deal because you woul save $180 in annual premiums which if you had to use the plan you would net a $40 savings in this example.

Other than price, when choosing a Medicare Supplement plan in NC you should really pay attention to the carrier you are doing business with.  While all providers have to take any carrier that you have so long as they accept Medicare you really want to do business with a carrier that has a solid reputation and one that will be around for years to come...not some fly by night carrier that has low rates and you have never heard of.


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