Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
AARP partnered with United Healthcare (UHC) to use their name with the Medigap plans issued through UHC - the plans are titled "AARP Medigap Plans insured through through United Healthcare"
Please note, while all Medigap plans feature standardized benefits, there are ways the carriers differentiate themselves. The big one is price. Another item to consider when comparing options is the rating method the carrier uses. UHC uses the community rating method whereas the majority of Medigap insurers will use the attained age rating method.
The community rating system states that the rates in a given area will not be based on age, rather everyone in that area will pay the same rates. This means that someone who is 85 years old will pay the same rate as someone who is 75 years old. Therefore, your rates can only increase if the carrier increases the rates for everyone.
The attained age rating system states that your rates will go up each year as you go older (in addition to the rate increases on the plans as a whole).
I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage and if you have any other questions. Our services are provided at no cost to you and we can provide quotes from many companies. Thanks very much.
The only way to tell if something is a Medigap plan is if it has a letter. For example, Plan F or Plan G. AARP is the brand name for the Medicare products through United Healthcare. However, they offer Medigap plans and Medicare Advantage plans so it's important to understand what you are getting. There are big differences between the two.
AARP & United Healthcare have great name recognition in the Medigap Plan & Medicare markets. United Healthcare is an "A" rated insurance company. However, the premiums could be higher in certain areas for exactly the same plan. It's important to work with an independent agent who can show you AARP Medigap Plans as well as all the other "A" rated carriers in your area.
We work with folks to determine which is the best carrier for them. We offer AARP and a lot of the other top "A" rated carriers. We never charge a fee for our service.
AARP is not a Medigap Plan. United Healthcare offers Medicare Supplements and they are the only Medicare Supplement Plans that AARP endorses. You have to be a member of AARP in order to apply for one of the Medigap Plans offered by United Healthcare. AARP has nothing to do with the administration or the paying of claims for the Medicare Supplement Plans that United Healthcare offers.
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Please note, while all Medigap plans feature standardized benefits, there are ways the carriers differentiate themselves. The big one is price. Another item to consider when comparing options is the rating method the carrier uses. UHC uses the community rating method whereas the majority of Medigap insurers will use the attained age rating method.
The community rating system states that the rates in a given area will not be based on age, rather everyone in that area will pay the same rates. This means that someone who is 85 years old will pay the same rate as someone who is 75 years old. Therefore, your rates can only increase if the carrier increases the rates for everyone.
The attained age rating system states that your rates will go up each year as you go older (in addition to the rate increases on the plans as a whole).
I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage and if you have any other questions. Our services are provided at no cost to you and we can provide quotes from many companies. Thanks very much.
AARP & United Healthcare have great name recognition in the Medigap Plan & Medicare markets. United Healthcare is an "A" rated insurance company. However, the premiums could be higher in certain areas for exactly the same plan. It's important to work with an independent agent who can show you AARP Medigap Plans as well as all the other "A" rated carriers in your area.
We work with folks to determine which is the best carrier for them. We offer AARP and a lot of the other top "A" rated carriers. We never charge a fee for our service.