mortagesandforeclosures

by Derrick Johnson

Changes in the senior insurance market are taking place due to modern technology. Retirees are going online prior to making a purchase to research products. Making a decision in a no pressure environement is the goal for most seniors.

Medicare Supplement Insurance, also known as Medigap is a reasonably simple product. The Federal Government standardized these products in the early 1990s. Each Medicare Supplemental plan is designated by a specific letter. There are 12 plan options and they are labeled A-L. Simply put, all similarly lettered Medigap plans do exactly the same thing.

For many years it was believed that seniors were not educated enough to make financial decisions without the advise of an expert. Even though this was never true, many seniors because of a lack of confidence went along with this stereotype. No longer is this the case.

The baby boomer generation has begun to enter their retirement years and they are a more confident group that ever before. Modern seniors are easily offended by the stereotype that they are not sophisticated enough to make financial decisions on their own. Researching online prior to making purchases has become very popular with todays retiree.

Medicare Supplemental insurance is a good product for a senior to educate themselves online. Google, Yahoo or anywhere else on the Internet provides many opportunities for them to research this easily understandable product. The pressure free environment of the Internet offers an anonymous method of researching products.

The old fashioned way of doing business with a local agent may verywell be over, but there is still a need for good advise. In todays world changes with Medicare and Medicare Supplement insurance take place frequently. A good financial advisor will understand the needs of the modern senior and lend them his ear while providing them with timely and up to date information.

Baby boomers are now using email to communicate, they are "tweeting" with their friends and family and developing confidence in the Internet. What better product than Medigap insurance to practice their new online shopping skills?

About the Author:

For more information regarding Medicare Supplement Insurance or for a no obligation Medigap Insurance Quote, you may contact Low Cost Medigap at 1-800-495-1915.

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