Friday, March 1, 2013

Be Alert When Purchasing Medicare Supplemental Insurance Illinois Resident Use

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By Patrice McCoy


There are programs available that can help some people control their medical expenses. These expenses are continually on the rise and many often will jump at a chance to keep them in line with their income. One thing that is helping people who have Medicare Parts A and B is medicare supplemental insurance Illinois citizens find beneficial. However, one must be careful to determine is this product is right for them before they start paying the premiums.

One must remember that most agents make their money by selling policies. These are commissioned based sales positions that normally do not have a base salary. If a representative wants to earn a living, they must find customers to take advantage of their products. This can cause some problems for the seller and buyer when an unscrupulous sales representative sells a policy they should not have.

One way a sales agent may act in order to complete a sale is by pressuring the potential customer into making a purchase. When one starts to feel like they should act and buy something, they may want to stop and think for a few moments. One might ask themselves questions about why they have come to believe this is right for them when they did not before. If one is confused about anything, they may want to take the time to contact someone they trust to help them understand what is happening.

A person who has a policy to cover these medical costs does not need another one. Having two policies offers no additional value to the purchaser. An agent who knows a person who has a policy should stop the conversation and move on to another prospect.

A person receiving medicaid is already covered through the federal government for their medial costs. Having a policy they will never pay out is a mistake. These programs are there to cover additional expenses one might have as they receive medical care. If one does not experience these additional costs, then they are all set.

A representative should also be forthcoming and notify the potential customer that this is a private insurance plan. If they were to claim that it is actually part of the Medicare program, they would be deceiving the public. This is not a program offered by the government in any way and any implications that suggest otherwise is wrong.

There are those who are old enough to have been enrolled in the original medicare plans that covered just about everything. These people may want to stay where they are and not make any changes. IF they do make changes, then there previous enrollment will expire and so will all the benefits that went with it.

There are many people who would like to have the medicare supplemental insurance Illinois residents can have. However, one should determine whether they need it or not before buying a plan. They should also make sure that they are qualified to even use a program like this.




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