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MEDICARE PLAN G IS NEW TOP CHOICE OF TURNING 65 MEDIGAP BUYERS: A new report reveals Medicare Supplement insurance choices being made by seniors turning age 65. The study by CSG Actuarial was shared today by the American Association for Medicare Supplement Insurance.
“Seniors turning 65 in 2020 no longer can opt for Medigap Plan F which was the most popular choice in prior years,” explains Jesse Slome, director of the American Association for Medicare Supplement Insurance (AAMSI). “This is the first look at what Medicare Supplement insurance plan consumers are now selecting.”
According to the CSG Actuarial analysis of 2020 sales, Medigap Plan G is the overwhelming choice. Some 66 percent of individuals turning 65 and becoming eligible for Medicare benefits chose this option. Plan N was the second most-popular plan choice with 18 percent of new applicants.
“When individuals first become eligible for Medicare their decision is important because it can be difficult to change in the future,” Slome notes. “Individuals have to choose between Medicare Advantage, Medicare Supplement or just basic Medicare. It can be a pretty daunting task for many who’ve had their health coverage options selected by an employer or union organization.”
Plans A & B by two (2) percent with the balance allocated among other available choices and options.
To help seniors better understand their available Medicare options, the American Association for Medicare Supplement Insurance (AAMSI) makes available a free online directory of local Medicare insurance agents. The resource can be accessed at www.medicaresupp.org/agents.
About the American Association for Medicare Supplement Insurance
Established in 2000, AAMSI is an advocacy and informational organization that strives to create heightened awareness for the many Medicare insurance planning options and supports insurance professionals who market Medicare insurance.
About CSG Actuarial
Founded in 2007, CSG Actuarial started as an actuarial consulting firm that focused primarily on product development services. With a fine-tuned understanding of the insurance marketplace and a knack for building quality insurance products, the CSG Actuarial team began compiling premium Medicare Supplement rate data and were able to transform a colossal amount of data into an easy-to-use, unbiased online quoting tool.