Medicare Supplements

Proverbs 10:13 says, "Wisdom is found on the lips of the discerning, but a rod is for the back of one who has no sense." When it comes to Medicare Supplements, unfortunately many people don't have the tools to have sense, and it can end up being a rod in their wallets. This week, Hans and Robby discuss everything you need to know about Medicare Supplements, Medicare Advantage plans, and Part D Drug plans!  

Medicare Supplements are standardized by the government, but unfortunately people are not told about this too often, and it is buried in the literature that many don't bother to read. People are so happy with their Supplements, they are unaware there are 39 other companies selling the exact same thing, usually at a lower price.  

Medicare Supplements all have lettered names to allow for genuine price shopping. When you take the same letter and look at all the companies offering it, they are offering the exact same thing. Usually, the lower priced companies are still great, well known companies!    

Hans and Robby discuss the practice of sales agents being sent right to people's front doors. Everyone is actually selling the same thing, but how do they differentiate themselves? These sales people are usually captive agents, which Hans explains, and are not educated themselves on all the facets of Medicare Supplements. They only know that their product is "the best". Hans suggests always asking these sales agents "How many companies so you represent?" If they only say one or two, make sure to get a hold of a rate quote to look at your other options. Hans talks about how this selling does not need to be door to door anymore, he does it all over the phone. He can email you a personalized Medicare Supplement rate quote with over 40 companies, all you have to do is contact him!  

Hans and Robby then discuss Medicare Advantage plans, which many people mistake with Medicare Supplements. There are positives and negatives of Advantage plans, but you really need to make sure you know what you have.  

Don't forget to get your copy of "The Complete Cardinal Guide to Planning for and Living in Retirement" on Amazon or on CardinalGuide.com for free!

You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com.