• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer
515-218-8022
  • Facebook
  • LinkedIn
Senior Savings Services

Senior Savings Services

Health Insurance Simplified.

  • STARTING MEDICARE
    • Medicare Part A & Part B
    • Part C Medicare Advantage
    • Part D Prescription Drug Plan
    • Medicare Supplement
  • INDIVIDUAL & FAMILY
  • ABOUT
    • Articles
    • Companies & Certifications
    • Client Reviews
    • Contact

Get a Quote

Best Methods to Comparing Medicare Supplement Plans

Best Methods to Comparing Medicare Supplement Plans

There are several different things to look at when comparing plans. Below are some areas a consumer should look at.

Company Ratings
There are different ratings available. For insurance companies, I always review the AM Best rating. Most companies are given an AM Best rating. The AM Best rating given to a company determines the ability of the insurer to meet its financial obligations to its policy holders.

Customer Service

This area is crucial, in my opinion, to work with an agent and company who can easily be reached. Questions that are good to ask a knowledgeable broker include – Is this service reliable? Do you find the company has a good reputation and pays claims in a timely manner?

Average Rate Increase

Medicare Supplement Plans do increase over the years of carrying one. It is to your benefit to take into consideration the average rate increase of a plan. In recent years Plan F has averaged between 7-12% in annual increases compared to Plan G, which has averaged 0-8% with most companies. Questions that are good to get answers to include – How long will your rate be guaranteed for? Have past rate increases with company XYZ been average compared to other companies? 

Discounts

Some insurance companies provide a household premium discount if someone simply resides with you, regardless if they carry a plan with a company or not. The household discount varies based off the company, but it is often between 5% – 12%. Discounts don’t just stop with premiums. Some insurance companies provide discounts or membership to a fitness club, discounts for vision, and discounts for hearing aids and exams. An independent insurance broker can explain all discounts available to you in your situation.

What does Medicare say about how to compare plans?

See: https://www.medicare.gov/supplement-other-insurance/compare-medigap/compare-medigap.html#2asterisks


About the Author

John Bush has been an independent insurance broker helping those on Medicare learn of their rights and options since 2010. He has helped many people find the right plan that is best for them. John is passionate about helping people in a manner that is easy to understand, resourceful, and non-pushy. John helps people get the best coverage for their premium dollar without sacrificing customer service.

Primary Sidebar

Products

  • Part C Medicare Advantage
  • Part D Prescription Drug Plan
  • Medicare Supplement
  • Individual & Family
  • Hospital Indemnity
  • Dental & Vision
  • Life Insurance

Proudly based in Urbandale, IA

Services provided all over the United States

Footer

8515 Douglas Ave Suite 27-A

Urbandale, IA 50322

  • Facebook
  • LinkedIn
515-218-8022
info@srsavings.com

Not connected with or endorsed by the United States Government or the federal Medicare program. Medicare has neither reviewed nor endorsed this information. We do not offer every plan available in your area. Currently we represent 6 organizations which offer 44 products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Information Program to get information on all of your options.

 

View insurance companies represented here

 

© 2025 Senior Savings Services.
Privacy Policy | Terms and Conditions