As a senior citizen who resides in New York, you probably know how difficult it can be to deal with your healthcare needs. Even though you might be happy that you have Medicare supplement insurance to help you pay for your healthcare-related expenses, you might still find yourself in a bind from time to time. After all, as you age, you can expect for your healthcare needs to increase. At the same time, your income might have decreased significantly, and you might even be living off of a fixed income.
Fortunately, you do have options in 2017. Many senior citizens who live in New York and elsewhere across the country opt to sign up for Medicare Advantage plans through private insurance companies rather than sticking with original Medicare. If you like the idea of keeping Medicare but would like a little bit of extra help, however, you have an option, too. If you shop for a Medicare supplement insurance plan in 2017, you can get the help that you need to reduce your healthcare costs and make them much more predictable.
What are the Benefits of a Medicare Supplement Plan?
First of all, you should know the benefits of signing up for one of the 2017 Medigap plans that are available for you:
- Unlike with Medicare Advantage plans, you do no have to worry about a restrictive network that will prevent you from seeing your favorite doctors.
- Instead of signing up for a low/no monthly premium Advantage plan that might leave you paying high deductibles later, you can choose to pay a monthly premium and avoid the high deductibles. For those who are on a tight budget, this can be a wonderful option.
- You do not have to worry about a lot of annual changes, unlike with Advantage plans.
As you can see, supplemental insurance can be a wonderful choice. However, you should know that certain plans, like high deductible Plan F plans, can still carry a deductible. You should also know that you and your spouse will each need your own coverage, if applicable. You will also need to sign up for Medicare’s prescription drug program in 2017 if you are looking to save money on your prescriptions, since they will not be covered. Ancillary coverage is not offered through a supplemental plan. However, overall, this type of plan can save you a lot of money and can provide you with peace of mind.
What You Should Know When Shopping for a Medicare Supplement Plan in 2017
While doing our research, we have checked out options for seniors in your state and elsewhere. These are some of the companies that you can look into that may provide the coverage that you are looking for:
- State Farm Mutual Auto Insurance Company
- Mutual of Omaha
- Transamerica Financial Life
- United Healthcare
Of all of the providers that are out there, we do have three distinct favorites: Cigna, Mutual of Omaha and Aetna. There are other great choices, but these three have been making waves for 2017. This is because they are well-known, so you know you can trust them. They have ample financial backing to cover claims, they offer some of the best 2017 rates for premiums, and they provide excellent coverage.
How We Can Help You Find Coverage
We have helped New Yorker’s from these cities and more, and if you select your state from our drop-down menu, we can provide you with a fast and easy comparison of 2017 plans. Then, you can choose the one that is right for you, all without having to do any of the legwork yourself!
- Borough of Queens
- Staten Island