Compare Notes Before You Buy Medicare Supplement Plans 2020

It has become commonplace for people to compare prices and discounts before purchasing anything from simple grocery items to services as complicated as medical insurance. The same goes for Medicare supplement plans 2020. As a person who is not familiar with all the terminology that is associated with medical insurance, it would be wise to follow some basic steps while making a choice. Apart from calling the government body that controls insurance in a state, it is also good to know how to compare offers of various insurance companies, so that your choice does not land you in a soup!

Licensed Provider

There are agents and sub-agents who work for various companies. The key here is to find out whether the insurance company that you have approached, has a registered license or not. This is easy to find because the state has a clear register of all those who have a valid license. If you find that there is no clarity as far as a license is concerned, you should steer clear of this company, at all costs. It does not matter if they are offering something for free; just do not take it! It could be a hoax that has been set up to lure gullible people into paying premiums on policies that don’t exist.

Do Waiting Periods Matter?

A waiting period is a crucial element in deciding on the insurance provider. First, you have to find out from the company if you qualify. This will be decided on the basis of your age and of course your medical history. If they are satisfied with all the documentation that you provide, they will not have any qualms in saying yes to your application. Post this acceptance, they need to give you info on the waiting period. If they say that based on your pre-existing conditions, they have a waiting period, then, you need to find out what this could be. If this is going to take an inordinate amount of time, there is no use in waiting for the company to accept your application. Move on and find another one.

Also, find out the basis on which these companies could charge you. If this is based on community-rating or on the basis of the age you are when you apply, then you need to have the required proof of what they are looking for. Getting a supplement plan is not as complicated as it really sounds.