When selecting a Medicare Supplement plan, do not choose based solely on brand recognition or low initial premiums, as companies with unfamiliar names may offer artificially low rates that quickly increase, leaving consumers with no option to switch due to Medicare enrollment rules.
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Don’t Let a Familiar Name or Low Premium Fool You: Choosing the Right Medicare Supplement PlanAdded:
I want to I want to say one thing that's so important, though. Do not just go with the lowest premium plan or the company that you're that you know the name of. We saw a company not a long ago who is a household name, who came into the Medicare supplement business with very low premiums. So, people wanted to join that plan. Well, guess what?
They did not know what they were doing.
They quickly jacked up their prices quite quickly, and most clients were stuck in that bad company or that well-known company that had a bad Medicare supplement plan, bad prices, and they don't they they don't they don't have an option.
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