Your Medicare Minute – Ask Lu
Q: My Medicare Supplement premiums increase every year. This year it was substantial. Do I have options to keep my same coverage but with lower premiums?
A: Most all Medicare Supplement polices are “age attained.” This means they have birthday increases.
You might also experience a general increase where the policies go up for everyone in that particular block of business.
The general increase does not necessarily happen every year.
Having a Medicare Supplement policy gives you the opportunity to change your coverage any time of the year.
If you have had your coverage at least 4 to 5 years and you are healthy enough to change (underwriting), I can almost guarantee there will be a substantial premium savings.
Give us a call, we will ask you a few general questions and see if we can help!
When you deal with brokers, we have access to many companies and are very proficient at knowing what company will accept a certain health condition.
Give us a try!
It might be worth it.
Lucille Bondi Insurance Solutions is located at 439 Main Street (rear building) in Harleysville, PA.
Visit our website for more information, www.bondimedicaresolutions.com.
Contact us at 215-256-5954 for a FREE consultation.
PHOTO CAP: Lucille Bondi