United Integrity Group

Questions to Ask Before Buying Medicare Supplemental Insurance

When purchasing medicare supplemental insurance policies there are many issues you should take into consideration. There are certain questions you should be asking yourself and the person from whom you're buying the insurance.

Most people are concerned with the bottom line; how much does this policy cost per month, what is the premium? Consider asking, how does this premium increase as I age? The policy premium could affect you as you grow older, you should arrange your finances accordingly.

You should also be asking yourself if this policy based on your health status. This is particularly important with some policies dependent on your gender, your marital status and whether or not you smoke.

Ask yourself, do I have to wait before my medicare supplemental insurance will cover pre-existing conditions? If so, how long is the wait? Consider choosing a policy that will cover these conditions over policies that do not.

When in an open enrollment period, be sure to tell your representative what kind of coverage have or have had in the past. Depending on your situation, your wait period may be reduced or or you may have no wait for the coverage of the pre-existing conditions at all. These questions are meant to give you peace of mind when choosing a medicare supplemental insurance plan. Make sure to consult United Integrity when exploring your medigap insurance policy options.