How to Lower Medicare Supplement Premiums
Right now the best way for most people to lower Medicare Supplement premiums is not to have one. I’m not suggesting that you go without insurance. I’m suggesting that you take a good look at Medicare Part C.
Medicare Advantage policies are Medicare Part C plans. Medicare Advantage policies often provide better coverage than a combination of Original Medicare and a Medigap policy and do so at a lower cost to the consumer.
These policies often provide excellent coverage at a very competitive cost. When you have a Medicare Advantage policy, you get your benefits from a private insurance company instead of the federal government similar to the way that most people who are not on Medicare get their coverage.
Although these policies are great options for most Medicare beneficiaries, they are not for everyone. The only major drawback of these plans is that the benefits are network-based. You will need to get all of your non-emergency care from a provider in the network.
If you are in good health you will probably not need to get routine care while traveling. If you need emergency care it should be covered. However, if believe that you will need non-emergency care while away from home, Medicare and a Medicare Supplement policy will probably suit you better.