In the state of New York hundreds of thousands of seniors will look to enroll in a medigap or medicare supplement rate plan for the 2014 year. The open enrollment period will start on October 15th and it will end on December 7th. Residents can start looking at rate quotes as early as October 1st so they can get a jump on switching to the best plan that works out for them. Finding the best rate quote online has gotten much easier of the last several years.
There are a number of great websites that can help medicare recipients find what they are looking for in terms of rate quotes. Remember that the lowest possible monthly rate is not always the best decision. Customer service and coverage are essential when it comes to medicare supplements and medigap. Whether you are looking for Plan A, Plan B, Plan C or Plan D there will be quite a few options based on your age and if you smoke or not. Remember to be completely honest with the insurance company as they are going to find out this information through a physical. If you are struggling to make bill payments and you are hoping to lower your monthly costs it might be a good idea to check out the medicare options in the state of New York as well. There are always opportunities to apply for medicaid if you simply cannot get by on your current level of income or social security.
If you are over the age of 65 and you live in the state of New York there is a very good chance that you will qualify for medigap or medicare supplement insurance. Take the extra time to research before October 15th so you will be able to make a decision in an efficient manner. If you want until December you may give up the opportunity to save quite a bit of cash. Think about this before going into the process of switching insurance companies.
Medigap Rates in 2014
All senior citizens should remember that monthly and yearly rates will differ depending on their county and the medicare plan they are looking for. Part C can cost much more than Part A and Part B just because of the overall features of the plan. When looking at the different types of medicare I would strong suggest using my Florida Medigap Rates article that has been update multiple times in the last several weeks. You may also want to think about the exact company you are willing to work with. Some may love working with Blue Cross Blue Shield while others want to work with Aetna. Take the time to build a lasting relationship with these companies to make it easier to get insurance paid. There is nothing worse than being at the doctor or the pharmacy and not being able to figure out what insurance is going to pay.
Unfortunately, there is very little you can do to change your medicare supplement and medigap insurance when it is not open enrollment. This is one of the reasons it is so popular for seniors to start search for the best price or best rates in October. This year it might be a good choice to start that research even before October. There are a number of useful websites that will show you rates from past years. This will give you some idea of the companies that are willing to offer a discount. When looking at rates in other states like Florida, Arizona, California and Pennsylvania there are some consistencies in the companies that offer better price points. Always recognize that there are multiple options. Rather than pinching pennies it might be good to call the 1-800 number for these companies to see how the customer service is.
Customer service is essential when it comes to shopping for medicare or medigap insurance. These are companies you are going to be working with on a weekly and sometimes daily basis. If you go to CVS, Walgreens or Rite Aid and your prescription is not covered you are going to have to talk to someone from the company you chose. If you decided on a company simply because they had the lowest price quote you might have to go through a song and a dance on the phone to get the prescription covered. The save can be said when it comes to inpatient or outpatient care at a hospital or health facility. Most seniors do not have $10,000 laying around to just throw at medical bills on a monthly basis. They have worked very hard for insurance to cover these types of expenses and that is exactly what should happen. Take the extra few minutes to call some of the 1-800 numbers below as it could save a lot of time and energy in the near future.
All of the medigap or medicare supplement providers are listed below. Not all of these providers offer all medicare plans or SNP.
151 Farmington Avenue
Hartford, CT 06156
American Progressive Life & Health of New York
6 International Drive, Suite 190
Rye Brook, New York 10573-1068
1-914-934-8300 or 1-800-332-3377
Bankers Conseco Life
222 Merchandise Mart Plaza
Chicago, Illinois 60666
CDPHP Universal Benefits, Inc.
500 Patroon Creek Blvd.
Albany, NY 12206
1-518-641-3000 or 1-888-258-0477
Empire HealthChoice Assurance, Inc.
(doing business as Empire Blue Cross and Blue Shield)
P.O. Box 1407
Church Street Station
New York, New York 10008-1407
1-212-476-1000 or 1-800-261-5962
Excellus BlueCross BlueShield
P.O. Box 22999
Rochester, New York 14692
Excellus Health Plan, Inc
(doing business as UniveraHealthCare): Medicare Select products
Western New York Region
205 Park Club Lane
Buffalo, New York 14221
First United American Life
Post Office Box 3125
Syracuse, New York 13220-3125
1-315-451-2544 or 1-800-331-2512
Group Health Incorporated (GHI)
77 Broadway, Suite 200
Buffalo, New York 14203
Hartford Life Insurance Company
16 International Way,
Warwick, RI 02886
HealthNow New York Inc.
(doing business as BlueShield of Northeastern New York)
P.O. Box 13599
Albany, New York 12212
Hearing Impaired (TTD): 1-877-513-1470
HealthNow New York Inc.
(doing business as BlueCross BlueShield of Western New York)
257 West Genesee Street
Buffalo, NY 14202
Hearing Impaired (TTD): 1-877-286-5710
HealthNow New York Inc.
Mailing Address: P.O. Box 13599, Albany, NY 12214-5767
Physical Address: 257 West genesee St., Buffalo, NY 142202
Hearing Impaired (TTY): 1-877-513-1470
Humana Insurance Company of New York
500 West Main Street
Louisville, KY 40202
Mutual of Omaha
Individual Policyowner Services
Mutual of Omaha Plaza
Omaha, Nebraska 68175
State Farm Mutual Automobile
P.O. Box 3070
Newark, Ohio 43058-3070
P.O. Box 5348
Bellingham, WA 98227-5348
Transamerica Financial Life
520 Park Avenue
Baltimore, Maryland 21201
UnitedHealthCare Insurance Company of New York
AARP Health Care Options
P.O. Box 1017
Montgomeryville, Pennsylvania 18936
Total Number of Medicare Advantage Plans by County
|Allegany, County New York||26|
|Kings County, New York||42|
|New York County||47|
|St. Lawrence County||12|
|Suffolk County, New York||20|
|Yates County, New York||19|
If you are hoping to find the lowest possible medicare supplement rates in your county it will take a little bit of research. It is not the case that medigap companies are going to tell you what the lowest rate is. We often see car insurance commercials like Geico and Nationwide that claim they will compare the rates for you. Do not expect to see this when it comes to medicare and medial insurance. These companies know the value of a customer and they are going to try to sell the product. This is not something that is new to the industry. It is up to the customer to find the price point that suits them best. Just because a price is $10 cheaper a month it is not necessarily a good reason for someone 66 or 67 to choose that financial product. Take into consideration that these companies offer incentives with other products in a customer signs up in 2013 or 2014. They may offer additional benefits like diabetes testing supplies or a pharmacy discount for prescription drugs that are not covered by Medicare Part D.