Why do different insurance companies charge different prices for the same Medicare supplement plan?
Although Congress standardized Medicare supplements back in the 90’s to eliminate consumer confusion, each insurance company still gets to choose which of the standardized plans it will offer to the public, and what rates they will charge for each plan. Some carriers have better rates than others. This is why working with an independent insurance agent who is not employed by any one insurance company can benefit you. As an independent Texas insurance agency, we shop numerous carriers to compare rates for you so that you can select an insurance company that offers not only the plan you want, but offers it at a reasonable price. In addition, each year as the inevitable rate increases occur with each carrier, you can call us for help to shop your policy and determine whether applying elsewhere might help you to save premiums.
