| Confused about the cost of Medicare Supplements--Which Plan--How Much?
If you are looking for a very low prices plan then you need to look at a Medicare Advantage Plan page on this web site for a description of plans that have low out-of-pocket limits.
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We have the answers to your Medicare Supplement Questions!!!
I have looked at many many different Medicare Supplement plans and have chosen to work with just three this year, BlueCross and BlueShield of Il, United of Omaha, a Mutual of Omaha company, and Gerber Life Insurance Co., a Mutual of Omaha supported and underwritten plan.
BlueCross and BlueShield does not have any health questions or waiting periods on pre-existing conditions. Their Plan F is the most widely written plan in the State. This is the plan and the company that you will be proud to have as your supplement plan carrier. United of Omaha has very low rates and they protect them by asking health questions including height and weight to everyone out of their open enrollment period. We do write the majority of our clients currently with United of Omaha, a Mutual of Omaha Company.
The new player, Gerber Life, has the same plans as Mutual of Omaha, and almost the same rates. In some ways, it is more liberal that the Mutual of Omaha application.
Take a look at BlueCross and BlueShield of Illinois's Plan L. It is about 25% less than Plan F but you pay a portion (like 25%) of the deductibles each year until you have met your annual limit of $2200/yr. Considering Medicare Advantage Plans with out-of-pocket limits of $6,000.yr this looks like it now is a viable alternative and with a company that we all know and trust.
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| Yes, I can write BlueCross and BlueShield Medicare Supplements on applicants age 80+. The rate for any one age 80-84 for Plan F is currently $234.00, while age 85+ is $241 per month.
Comparison of Plans and Costs for Those that Live Outside of the Chicago Area
MONTHLY RATES.
Plan F
Under age 65
on Medicare $234
Age 65 $125
Age 70 $181
Age 80 $234
Age 85+ $241
They do not have gender rates, height and weight carts, tobacco or no tobacco rates.
Everyone outside of the Chicago Metro area pays the same rates with no health questions ever.
I believe that currently United of Omaha has the
very best rate for Plan F or Plan G.
I recommend that all age 65 clients consider using these plans.
United of Omaha a Mutual of Omaha Company
All rates are for non-smoking applicants in Northwest
Illinois.
Plan F Rates:
Female Male
Under age 65 $180.90 $190.42
on Medicare
Age 65 $101.77 $107.12
Age 70 $118.41 $130.11
Age 75 $139.28 $161.96
Age 80 $152.88 $179.86
Plan G Rates:
Under age 65 $153.77 $190.42
On Medicare
Age 65 $ 86.51 $ 91.05
Age 70 $100.65 $110.60
Age 75 $118.39 $137.67
Age 80 $129.95 $152.88
There is a 7% discount for each person in a 2-person household. No requirement that you be of opposite sex, married, related or etc. Just have lived together for the last 12 months. You do not even have to apply together at the same time.
Gerber Life Insurance Company
Plan F Rates
Female Male
Non-Tobacco Non-Tabacco
Under age 65
on Medicare $179.15 $205.92
Age 65 $ 97.41 $111.97
Age 70 $115.45 $132.70
Age 75 $130.26 $149.73
Age 80 $141.44 $162.58
Plan G
Under age 65
on Medicare $154.39 $177.46
Age 65 $ 82.12 $ 94.39
Age 70 $ 97.32 $111.87
Age 75 $110.09 $126.54
Age 80 $119.93 $137.85
Gerber Life has the following:
A $25.00 application fee.
No height and weight chart for those of you that have a few extra pounds
No 2 person discount if we have both persons in the household written with Gerber.
If you are a 1 person household, carry a few extra pounds, and have been on Medicare B more than 6 months Gerber may offer you some advantages. You will need to consult with me and we'll crunch the numbers and see what works out for you.
Unicare and Constitution Life have both gotten too high to even consider for a Medicare Supplement.
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