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Medicare Supplement plans are required to offer standardized benefits for each level of coverage. These plans are separated by category. In most states the categories are Plan A ,B,C,D,F,G,K or Plan L.
You will notice that plans H,I, And J and E have been eliminated and two more plans have been added Plan M and Plan N. You should check to see which plans are available in your specific zip code.
Although the rates may vary from one company to another the core benefits should be exactly the same for each letter.
Example:
You would like to apply For Plan G. Company 1 is $20 per month lower than Company 2. Are the benefits any different?? And Why is there a price difference??
Answer:
The core benefits must be the same due to Federal Regulation and each company determines a price based on their own analysis.
Why would Someone Pay More For A Plan If they all offer the same benefits?
Answer:
There are a couple of reasons. Some people feel more comfortable in dealing with a name they know or a company they are familiar with.. Customer service is also a big factor. Some companies may also offer value added services in addition to the core benefits.
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Blue Cross offers a wide variety of choices for Medicare supplement plans. You will want to check pricing and availability in your home area.