How To Purchase A Medigap Policy?

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   Ted Ratliff

   Owner, SFS Associates,

   You can purchase a Medigap policy on line, direct from the company, or through an agent.  The premium will be the same no matter which you choose.  I recommend using an experienced agent familiar with all of the plans available in your area.  When choosing a plan do not just go by rates alone.  While the coverage is the same because plans have been standardized, some companies have a history of going into a state with very low rates and then within two years raise the raise 30 -60%.  If you don't mind changing plans every year and your health remains good then you might save a little money initially, but in the long run it could cost you money.  Find a competitive plan that has a history of stable rates.  A good agent can help you with that.

   Answered on May 13, 2013

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