Comments on: Does Colonial Penn Offer The Best Medicare Supplemental Insurance? http://www.seniorcorps.org/medicare/does-colonial-penn-offer-the-best-medicare-supplemental-insurance/ Helping Seniors Help America Tue, 07 May 2013 12:05:42 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Dan http://www.seniorcorps.org/medicare/does-colonial-penn-offer-the-best-medicare-supplemental-insurance/#comment-15746 Dan Thu, 18 Apr 2013 04:07:01 +0000 http://www.seniorcorps.org/?p=2692#comment-15746 Ummm, Colonial Penn raises rates 9% each year..... Ummm, Colonial Penn raises rates 9% each year…..

]]> By: Dan http://www.seniorcorps.org/medicare/does-colonial-penn-offer-the-best-medicare-supplemental-insurance/#comment-15745 Dan Thu, 18 Apr 2013 04:01:48 +0000 http://www.seniorcorps.org/?p=2692#comment-15745 Ok, your a little confused... PPO's, HMO's, and PFFS plans are NOT supplements. Those are part of Medicare Advantage or Part C. Medigap (supplement) policies DON'T have networks you can see the Dr. a few states over and get the same coverage... Generally pays for all costs that would normally be left to you after Medicare pays, depends on the policy. Colonial Penn is NEVER the cheapest. There are FAR better companies on price and reputation. Trust me, I used to work at Bankers Life and sold them.... Ok, your a little confused… PPO’s, HMO’s, and PFFS plans are NOT supplements. Those are part of Medicare Advantage or Part C. Medigap (supplement) policies DON’T have networks you can see the Dr. a few states over and get the same coverage… Generally pays for all costs that would normally be left to you after Medicare pays, depends on the policy.
Colonial Penn is NEVER the cheapest. There are FAR better companies on price and reputation. Trust me, I used to work at Bankers Life and sold them….

]]> By: Marian http://www.seniorcorps.org/medicare/does-colonial-penn-offer-the-best-medicare-supplemental-insurance/#comment-15554 Marian Tue, 19 Mar 2013 06:08:31 +0000 http://www.seniorcorps.org/?p=2692#comment-15554 With the Bankers "Plan F", I only need to bring my medicare card and Bankers card (first visit only), I never see a bill but was told if one comes in the mail, I call my agent (on his cell phone) and he assures me that I don't need to pay ANYTHING. I don't really understand some times but he comes over to see me at least twice a year. To help me with my drug plan too. I love this company. Is it Bankers or Colonial Penn? or both? Whoever they are, they're great. With the Bankers “Plan F”, I only need to bring my medicare card and Bankers card (first visit only), I never see a bill but was told if one comes in the mail, I call my agent (on his cell phone) and he assures me that I don’t need to pay ANYTHING. I don’t really understand some times but he comes over to see me at least twice a year. To help me with my drug plan too. I love this company. Is it Bankers or Colonial Penn? or both? Whoever they are, they’re great.

]]> By: test http://www.seniorcorps.org/medicare/does-colonial-penn-offer-the-best-medicare-supplemental-insurance/#comment-15397 test Fri, 15 Mar 2013 11:15:36 +0000 http://www.seniorcorps.org/?p=2692#comment-15397 Awesome blog! Do you have any hints for aspiring writers? I'm hoping to start my own blog soon but I'm a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I'm totally confused .. Any tips? Kudos! Awesome blog! Do you have any hints for aspiring writers? I’m hoping to start my own blog soon but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any tips? Kudos!

]]> By: Jesse http://www.seniorcorps.org/medicare/does-colonial-penn-offer-the-best-medicare-supplemental-insurance/#comment-15317 Jesse Thu, 21 Feb 2013 23:49:52 +0000 http://www.seniorcorps.org/?p=2692#comment-15317 Kathy the doctors are reimbursed Medicare allowable rates only. Colonial Penn doesn't pay the doctors anything it only helps cover your out of pocket costs. Medicare is your primary coverage on this plan. In some states we are finding a lot of doctors not taking Medicare and/or supplements but they are taking Medicare Advantage plans (HMO, PPO, etc). This is because the Advantage plans reimburse the doctors higher rates and pay them a lot faster. They also give or offer their members more benefits then Medicare offers such as routine dental, vision, hearing or fitness memberships. Another huge bonus is the doctors and you only deal with one plan since Medicare is no longer billed. It all depends on your individual needs and what your doctor accepts. Everyone's needs are different. Kathy the doctors are reimbursed Medicare allowable rates only. Colonial Penn doesn’t pay the doctors anything it only helps cover your out of pocket costs. Medicare is your primary coverage on this plan.

In some states we are finding a lot of doctors not taking Medicare and/or supplements but they are taking Medicare Advantage plans (HMO, PPO, etc). This is because the Advantage plans reimburse the doctors higher rates and pay them a lot faster. They also give or offer their members more benefits then Medicare offers such as routine dental, vision, hearing or fitness memberships. Another huge bonus is the doctors and you only deal with one plan since Medicare is no longer billed.

It all depends on your individual needs and what your doctor accepts. Everyone’s needs are different.

]]> By: Jesse http://www.seniorcorps.org/medicare/does-colonial-penn-offer-the-best-medicare-supplemental-insurance/#comment-15316 Jesse Thu, 21 Feb 2013 23:44:24 +0000 http://www.seniorcorps.org/?p=2692#comment-15316 Just to make this clear an HMO is a Medicare Advantage Plan not a supplement plan. A lot of people get confused with that. But Louise is correct all supplement plans are all standardized but each company charges different rates. I always suggest the plan that is the least expensive and easiest to get on, which is a different company then Colonial Penn. However Medicare Advantage plans can be completely different even within the same company. Just make sure you know which is which. Just to make this clear an HMO is a Medicare Advantage Plan not a supplement plan. A lot of people get confused with that.
But Louise is correct all supplement plans are all standardized but each company charges different rates. I always suggest the plan that is the least expensive and easiest to get on, which is a different company then Colonial Penn.

However Medicare Advantage plans can be completely different even within the same company. Just make sure you know which is which.

]]> By: Angela C http://www.seniorcorps.org/medicare/does-colonial-penn-offer-the-best-medicare-supplemental-insurance/#comment-15117 Angela C Tue, 01 Jan 2013 20:41:38 +0000 http://www.seniorcorps.org/?p=2692#comment-15117 Colonial Penn is neither an HMO or PPO. It is a supplement plan. It is accepted anywhere Medicare is accepted. Whic can't be said for HMOs or PPOs. Colonial Penn is neither an HMO or PPO. It is a supplement plan. It is accepted anywhere Medicare is accepted. Whic can’t be said for HMOs or PPOs.

]]> By: KATHY C http://www.seniorcorps.org/medicare/does-colonial-penn-offer-the-best-medicare-supplemental-insurance/#comment-15029 KATHY C Wed, 21 Nov 2012 02:20:13 +0000 http://www.seniorcorps.org/?p=2692#comment-15029 is colonial penn an HMO or a PPO. there is a difference in how they reimburse the doctors. is colonial penn an HMO or a PPO. there is a difference in how they reimburse the doctors.

]]> By: Geri http://www.seniorcorps.org/medicare/does-colonial-penn-offer-the-best-medicare-supplemental-insurance/#comment-15022 Geri Sun, 18 Nov 2012 00:56:01 +0000 http://www.seniorcorps.org/?p=2692#comment-15022 Hi, I just turned 66 and will need to make a decision regarding what medicare insurance plans I need to chose, if any. I already have A and B, but since I'm healthy, have no pre-existing health issues, and haven't had to take anything prescription in years, do I still need a part C and/or D? Thank you! Geri Hi,
I just turned 66 and will need to make a decision regarding what medicare insurance plans I need to chose, if any. I already have A and B, but since I’m healthy, have no pre-existing health issues, and haven’t had to take anything prescription in years, do I still need a part C and/or D?
Thank you!
Geri

]]> By: Mary A http://www.seniorcorps.org/medicare/does-colonial-penn-offer-the-best-medicare-supplemental-insurance/#comment-15018 Mary A Tue, 13 Nov 2012 21:36:38 +0000 http://www.seniorcorps.org/?p=2692#comment-15018 They are not all the same: You have to find out who and where your supplemental insurance will cover. If you are in a HMO you have fewer (YES, FEWER) choices as to where you can go. My mother had 3 choices for skilled nursing facilities and all were the lowest rated. She has Humana so I'm trying to find a better alternative. I reiterate: FIND OUT WHERE YOUR INSURANCE IS ACCEPTED. You may not like the result. They are not all the same: You have to find out who and where your supplemental insurance will cover. If you are in a HMO you have fewer (YES, FEWER) choices as to where you can go. My mother had 3 choices for skilled nursing facilities and all were the lowest rated. She has Humana so I’m trying to find a better alternative.
I reiterate: FIND OUT WHERE YOUR INSURANCE IS ACCEPTED. You may not like the result.

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