Do Medicare Supplements Offer a Family Discount?

Many times, I get the question about whether Medicare Supplements offer a family discount or whether a husband and a wife can sign up for a joint Medicare Supplement policy. While all Medicare Supplements are separate policies, many companies do offer a husband-wife discount. This discount can provide a significant savings, when you take out a policy with the same company. So whenever possible, it is recommended that you do so.

Often times, there are several companies around the same price for a standardized Medicare supplement plan. Coverage is the same; however, rates can vary considerably. By choosing the company that offers the husband-wife discount, you can reduce your premiums and ensure that you have the lowest possible price for a plan.

Obtaining the Medicare supplement family discount is easy to do. With most companies you can get it whether you apply at the same time or not. Sometimes, if one spouse is on Medicare and the other is not yet age 65, you should consider which companies may offer a discount that will help you later, when you are comparing and selecting plans.

Some of the prominent companies that do offer a husband-wife discount are Mutual of Omaha, Aetna, CIGNA, and AARP / United Healthcare. All of these companies offer a discount on their standardized Medigap plans that allows you to reduce the premium cost of your plans. The amount of the discount varies, but it can be anywhere from 5% to 12%. It also dependent on your state.

One of the new, exciting things with the household discounts in Medicare Supplements is that you do not have to BOTH be on Medicare with some of the companies. Some of the companies now offer the discount just for being married or living with someone over age 60.

When you are comparing Medicare Supplement plans, you should always get a Medicare Supplement quote from a reputable independent agency. They can give you an idea of all the plans that are available for your age and zip code, as well as what the rates for those particular plans are. From that comparison, you can easily determine which option is going to make the most sense for you, since plans are Federally-standardized (coverage is the same from one company to another).

Medicare-Supplement-Comparison.com is a leading, independent brokerage, and we can help provide the Medicare Supplement comparison that you are seeking by email. To obtain this, simply visit Medicare Supplement quotes.

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