At Boomer Benefits, we specialize in Medicare insurance plans, including Medigap, Medicare Advantage and also Part D. We provide Medicare insurance quotes from our state-of-the-art quote engine. It can compare dozens of Medicare insurance plans from companies nationwide to get you the best rate. What’s more, we provide you free comparisons, carrier financial ratings, a history of each carrier’s annual rate increases, and a few other critical pieces of information.
Many people make the mistake of getting just a price from an online Medigap quote engine. They choose the lowest price without comparing any other data. Sometimes this can be a disaster if the company has a history of steep annual increases. Changing from one Medigap company to another usually requires medical underwriting. If you get stuck with a company that has steep increases and you aren’t able to get approved by another company, you may find yourself paying high premiums for quite some time.
Why Do Medigap Rates Go Up?
Insurance companies pay out losses in medical claims every year. They compare these losses against their book of business and come up with a loss ratio. If the ratio is too high, they file with the department of insurance in that state for an increase. Some Medicare insurance plans are better than others at managing their block. Rates vary based on loss ratios and how many new customers they have gained, and a variety of other factors.
Because their are new companies entering the market all the time, this can work to your advantage if you are healthy enough to change plans every few years by moving to a new carrier.
Easy Online Medigap Quotes
If finding accurate Medicare supplement quotes concerns you, then our amazing quoting tool is the answer. Save yourself the time and hassle of calling dozens of insurance carriers who will give you a hard pitch for their product before they provide you an online Medigap quote.
Our report provides the most important information so that you can get down to the business of comparisons. You can review trends in the carriers history of rate increases and even see what the carriers current year loss ratios look like. We can show you how to use this information to make an educated guess as to what rates will look next year with each carrier.