SOURCE: Medicare Medics

Medicare Medics

May 22, 2012 08:17 ET

Medicare Supplemental Insurance -- 82% of Seniors Are Confused

FORT LAUDERDALE, FL--(Marketwire - May 22, 2012) - Slightly over 7,000 people turn 65 every day. Upon turning 65, most of us receive part A and opt for Part B. Next, the daunting task of choosing between a Medicare Supplemental Insurance plan and a Medicare Advantage plan arrives. Medicare Medics conducted a survey on how individuals turning 65 years of age obtain Medicare benefits in Broward, Miami Dade, and Palm Beach, Florida counties (a senior hot spot).

An astounding 82% of seniors claimed they had no idea how or where to purchase Medical Insurance on their own or that there are too many plan letters and Health Insurance Quotes to choose from. The survey also suggested that the majority of seniors believed Medicare Advantage plans would not be good for them since they are free of cost. Advantage plans are at no cost because the government is passing on the risk to a private carrier and in return is paying the carrier a certain amount for doing so. Many advantage plans include a prescription benefit and extra benefits such as dental, vision, and hearing. The survey also suggested that the shoppers are always puzzled when it comes to Medicare Part D, a prescription plan offered by Medicare or a private carrier.

"Purchasing Medicare Supplemental Insurance is like looking at a bowl of alphabet soup. There is Medicare Plan A, Medicare Plan B, Medicare Plan C and so on. With all these letters floating about, seniors just do not know what plan option is best for them," said Izzy Dayem, e-Marketing Director for Medicare Medics. There are numerous options available to choose from. It is recommended to speak to a broker to find which options are best for you or shop on your own at an informational site such as Medicare Medics is an online company designed to help seniors and their families understand Medicare, and find Medicare Supplemental Insurance plans at the best price.

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