When buying a Medicare supplement plan (or Medigap), many people naturally just want to go with the least expensive option. But when it comes to your health and financial security, the old saying “you get what you pay for” is usually true. Choosing the more affordable plan might save you some money now, but it could cost you a lot in the long term.

Below, this Medicare supplement broker in Northwest Indiana is going to explain why it’s best to focus on what coverage you actually need instead of only looking at how much you have to pay each month.

Picking a plan only because it’s affordable can be risky

It is easy to understand why someone would want to choose the most affordable Medigap plan. Especially with increasing living costs and the need to save for retirement, who doesn’t want to cut costs where they can? But when it comes to healthcare, picking the most affordable option can be risky.

The lowest-priced plans usually have higher deductibles or offer limited coverage for essential healthcare services like skilled nursing or emergencies when you are traveling abroad. If you are in good health now, it might not seem like a big deal. But if you get sick or need medical treatments in the future, those plans could leave you with some big bills. A Medicare supplement broker in Northwest Indiana can explain these trade-offs and help you find a plan that is both affordable and offers good coverage.

Coverage is more important than price 

If you don’t want to pay unexpected bills due to an illness or injuries, you should look at plans with better coverage. Plans A and B might look good now because they cost less each month, but they are not going to help much if you end up having to stay in a nursing home or have other big medical bills.

Also, high-deductible plans can hit you hard since you need to pay a lot of your own money before your coverage even starts. These plans can be okay if you are generally healthy and don’t make regular doctor visits, but in an emergency, the bills can add up fast.

This is why you should consider working with an experienced Medicare supplement broker in Northwest Indiana. They can help you understand your current and future health needs and choose a plan that covers a lot without costing too much.

A broker can help you find the right balance between your costs and coverage

To buy the right Medigap policy, you need to look at more than just the price. You need to know what each plan covers and how it fits your health needs. This is where an experienced Medicare supplement broker in Northwest Indiana can help you.

A broker can explain the differences between plans and what those differences mean for your health and your budget. They can also help you anticipate what kind of medical care you might need based on your medical history and lifestyle, so you can choose a plan that gives you the right coverage without adding extras you don’t need.

For example, if you travel overseas a lot, you will need a plan that covers emergency healthcare services abroad. Or, if you have a chronic condition that requires regular doctor visits, a plan with lower copays should be a better choice for you. When you focus on what you really need and not only the price, you can find a plan that gives you that sense of security and keeps your finances safe down the line.

Looking for a Medicare Supplement Broker in Northwest Indiana?

Are you ready to explore your Medigap options with an expert? If so, and if you’re looking for the best Medicare Supplement broker in Northwest Indiana, look no further than Senior Care Insurance Services. We will guide you every step of the way to ensure that you are choosing a plan that offers the protection and peace of mind you deserve. Contact SCIS today to learn more.