Slash Medigap Rates with These Insider Tips Today
Insider Tips to Slash Medigap Rates
One effective way to reduce your Medigap rates is to compare different plans and providers. Not all insurance companies charge the same rates for identical coverage, so it pays to shop around. Additionally, consider timing your purchase strategically. The best time to buy a Medigap policy is during your Medigap Open Enrollment Period, which begins the month you turn 65 and are enrolled in Medicare Part B. During this period, you have a guaranteed right to buy any Medigap policy sold in your state, regardless of health status2.
You might also qualify for discounts if you are married, a non-smoker, or if you pay your premiums annually instead of monthly. Some companies offer discounts for setting up automatic payments as well. Additionally, check if your state offers any unique Medigap plans or discounts. For example, some states have high-deductible plans that can lower your premiums significantly3.