Ways to Improve Your Mutual of Omaha Medicare supplement Business by Darshan - August 17, 2022August 17, 20220 If you’re on the fence about whether to stay with your current Medicare supplement plan or switch, now might be a great time to do so, not only is the insurance market changing rapidly but there are several factors that could lead to higher costs for future plans as well. It’s important to note that switching from one plan to another can lower your costs and increase premiums in a cost-saving manner for you over time. Find the Right Balance Between Cost and Coverage Individuals who are interested in saving money on their Medicare supplement plan should ensure that they’re choosing the right plan with the right balance between cost and coverage. If you’re currently enrolled in a high-cost plan, it’s important to switch to a lower-cost plan. If you remain on your current plan, you’ll be paying a lot more in the future. However, you don’t want to switch to a plan that has low cost but lacks coverage. Switching to a plan that has both low cost and high coverage will likely save you money in the long run, there are a number of factors to consider when finding the right balance between cost and coverage your current health condition, your age, and your lifestyle will have a significant impact on the right plan for you. Learn about Qualify for Extra Assistance There are certain individuals who may qualify for extra assistance when it comes to selecting a Medicare supplement plan. These individuals include those who have a high-cost plan, those with certain medical conditions, those who are over the age of 55, and those who are eligible for Medicare Advantage plans, if any of these individuals are you, you’re eligible for extra assistance when it comes to selecting a Medicare supplement plan. You may qualify for a lower premium, a higher deductible, or some other form of assistance and to find out if you qualify for extra assistance, you’ll need to contact your current Mutual of Omaha Medicare supplement plan. You may be able to find this information through a call to customer service or on their website, once you know if you qualify for extra assistance, you can take this into account when choosing a new plan. Ask for a Change If your current plan has a high premium, you may want to consider asking your current Medicare supplement plan to lower its premium. It’s important to note that you shouldn’t do this if you’re currently financially able to pay your premiums. If you’re currently financially able to pay your premiums, you shouldn’t ask your current plan to lower their premium. Instead, you should switch to a cheaper plan, however, if you’re behind on your premiums or you’re worried about your ability to pay your premiums in the future, you may want to consider asking your current plan to lower their premium. Stay Healthy It’s important to stay healthy if you want to lower your future costs with Medicare, it’s unfortunate, but you can’t control when you get sick, however, you can control how often you get sick, and you should aim to stay healthy and avoid getting sick as much as possible. If you don’t get sick as often, you’ll be less likely to require medical treatment and you’ll be able to save money on your Medicare supplement plan, this will also have a positive effect on your wallet over the long run, and the older you get, the more expensive it is to keep you healthy.