These three make up probably 95% of the medigap market and for good
reason.
A recent change in discounts has now made the playing field even more level.
How do we compare these three carriers to find the best value and what's the real difference in the day-to-day interaction with them?
With 25+ years experience across all three (and others), we'll bring you the full picture with our credentials here:
Let's cover these differences:
Let's get started!
Before we jump into the differences, let's discuss how medigap levels the market.
So...the core process of medigap plans will be identical between the
three carriers. This makes it so much easier to compare versus
individual/family plans or Advantage plans.
Then what's different?
Identical benefits. Huge swings in pricing.
We'll look at this below.
Then there's just dealing with the carriers.
The customer service side of things is pretty comparable between the three.
Keep in mind that Medicare is a whole separate segment of the company. You can't really look at past interactions (CoveredCa, employer plans, etc) since those are almost different companies within each carrier.
Again...with 25+ years experience, we see very little different in customer service between the three for medigap plans.
As for the broad strokes:
Shield and Anthem are the two old players in the medigap market and AARP is just a juggernaut due to their marketing prowess with United Health being the designated carrier.
In the end..it comes down to pricing! Let's go there.
We work with all three and we can't stress this enough.
You MUST quote the plans annually to make sure you're not overpaying for the exact same benefits.
There's an interesting situation where a given carrier is best priced for the same plan at one age but another carrier is better priced at a different age.
Some carriers try to focus on specific plans (G or N for example) as well.
Let's take some examples.
First, Los Angeles, age 65:
Okay...so AARP and Blue Shield are nearly identical at age 65.
Keep in mind that all three now have a $25/month first year New to Medicare discount.
Let's go up to age 70!
Wow. Shield is now almost $250/year more than AARP's plan for the
exact same benefits.
See why we have to be on top of this.
We can do the work for you. Just email us your date of birth and zip code. We'll run the numbers across all the major carriers.
The N plan (next most popular plan) is even more extreme in price
swings:
That's almost $500/year difference between lowest/highest for the same plan.
Again, our favorite pastime is helping people find savings for the same core benefits.
What about quoting yourself?
We make this easy.
You can run your quote here across the major carriers (we'll send AARP separately and do a full proposal for you to make sure there's no better option).
The most popular plans are:
All of these will address the real risk of Medicare alone which is the 20% coinsurance.
Again, we're happy to help and we can work with all the major
carriers:
What about if we find an option with one of the carriers that's the
best value?
We can send online applications or even paper apps to you directly based on your plan of choice.
More importantly, we'll hand-walk you through the process and help with any questions at ZERO cost to you.
Medicare has a language all its own so lean on our 25+ years experience.
We can technically apply for medigap plans (or changes) any time of the year.
Once we're outside our open enrollment window, it is subject to health but we can take advantage of the birthday rule to change plans to a equal or lesser plan.
We can help you take advantage at this and there's zero cost for our assistance!
It should be clear that with AARP, Shield, and Anthem, it's really a question of pricing and the market needs to be re-quoted periodically to make sure we're not just lighting money on fire (examples above!!).