You may be surprised to learn that your friend, or maybe a relative, got a lower premium than you did for the exact same Medicare Supplement Insurance plan.  That’s because rates are not standardized, even though the actual coverage is.
A couple of things play a big part in these rates.  Your health can play a big part in your Medigap Insurance plan rate, but there’s a way around that.  During open enrollment, you don’t need to answer any questions about your health.  You have a chance to catch open enrollment when you first sign up for Medicare, and you may get another chance later depending on what insurance companies are willing to offer.  Apply during open enrollment, and you’re guaranteed the same rate as the healthier people no matter what health problems you may have.
Even if you sign up during open enrollment, compare prices on Medigap plans from different insurance companies.  It may not seem fair, but they can charge different rates for the same plan.  Your best defense is to see what lots of insurers charge for the plan you prefer.
We’ve made it quick and easy to compare your choices with instant quotes on our site, but we’ll also assign one of our Medicare Supplement experts to help you match your needs to the available plans.  There is never a charge for a no-pressure consultation.

Wiley Long is founder and president of Medigap Advisors, and is passionate about helping people navigate the confusing waters of Medicare. He is the author of The Medicare Playbook: Designing Your Successful Health Coverage Strategy, a clear and simple explanation so you can make the most of your Medicare coverage.