Consumers and benefits advisors who look carefully may be able to find surprising Medicare supplement insurance bargains, a rating agency says.

Analysts at Weiss Ratings L.L.C., Jupiter, Fla. – a scrappy, independent rating agency – have come to that conclusion in a review of the Medigap rates that 165 insurers offered in 2011.

Medigap is a type of product that Medicare enrollees can use to fill in the deductible and co-payment gaps in Medicare Part A, which covers hospitalization, and Medicare Part B, which covers physician services and outpatient care.

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Allison Bell

Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.