Find the Best Medicare Supplemental Insurance
Compare Reviews for Medicare Supplemental Insurance Plans
United Medicare Advisors
Read 73 Reviews
Helps with Medicare supplemental insurance plan research and comparison. Provides relevant resources and assistance from licensed agents. The service is free but not available in every state.
|Learn More Call Now Toll Free (855) 534-7192|
|Cigna Medicare Supplemental Insurance Plans||Read 73 Reviews|
Offers flexible Medicare supplemental insurance, Part D and Medicare Advantage plans nationwide. Provides online quotes and policy management. Some no-cost benefits and rewards available. Most plans are HMOs.
|Shop Now Call Now Toll Free (833) 204-0728|
|Humana Medicare Supplement Insurance||Read 67 Reviews|
Provides three types of Medicare supplemental insurance online and through licensed agents. Not available in every state. Search by ZIP code on the website. Average monthly costs vary by plan type.
|Shop Now Call Now Toll Free (844) 825-7600|
|Mutual of Omaha Medicare Supplemental Insurance|
Read 97 Reviews
Provides Medigap coverage for plans F, G and N. Helps compare options and find quotes online. Policies come with an additional benefit rider for extra discounts and services like hearing and vision care.
|Shop Now Call Now Toll Free (844) 831-1405|
United American Insurance
Read 179 Reviews
Insurance options include Medigap, life, cancer and critical illness coverage for individuals and groups. Available nationwide. No provider network. Website includes policy management access.
|AARP Medicare Supplemental Insurance||Read 341 Reviews|
Offers eight Medicare insurance plans through UnitedHealthcare. Options include Medigap, Part C, Part D and Dual Special Needs plans. Website includes Medicare resources. Available only to AARP members.
|Transamerica Medicare Supplemental Insurance|
Read 16 Reviews
Offers life insurance and Medicare supplemental insurance alongside its financial products. Quick online rate quotes. Representatives available by phone. Find providers by ZIP code on the website.
|State Farm Medicare Supplemental Insurance|
Read 9 Reviews
Provides multiple Medigap plan options and online quotes. Doesn’t offer Medicare plans K, L and M in every state. Coverage available in all states except Connecticut, New Jersey, Rhode Island, Massachusetts and New York.
Provides educational resources on Medicare Parts A, B, C and D. Offers information about eligibility, coverage and gaps. Shows plan options for additional coverage through an online comparison tool. Plans cost up to $300 a month.
|Learn More Call Now Toll Free (855) 736-2574|
Helps compare Medicare Advantage providers. Includes basic information about Medicare, Medicare Advantage, Medigap and drug plans. Connects users to brokers and licensed agents. Free to use. Online quotes.
What are the features to consider when selecting an insurance company?
Medicare supplement insurance plans are standardized by law and are named with letters. The standardization means that every company’s Plan A offers the same coverage, but not all companies sell every plan. And sometimes companies offer different plans in different states.
- Plans by company: If you want to purchase coverage from a specific company, start by looking at the plans that company sells in your area.
- Plans by type: If you are more concerned with the coverage provided than the company selling it, start by looking at plans and then determine which companies offer those plans in your area.
- Plans by geography: Medigap policies are standardized in a different way in the so-called waiver states of Massachusetts, Minnesota and Wisconsin.
Maximum out-of-pocket expenses and deductibles are standardized between companies. However, the monthly price may vary greatly between companies depending on your age, where you live, discounts and medical underwriting. To make sure a plan is financially beneficial, multiply the monthly premium by 12 and add any out-of-pocket cost you may need to spend. Weigh that cost against the chance you’ll spend more than that amount on healthcare if you do not have supplement insurance.
- Monthly premium: Monthly premiums for the same policies are not standardized the way coverage is, so consumers should get multiple quotes before enrolling in any policy.
- Discounts: Some companies offer discounts for paying your premium in full annually, for enrolling when you’re 64 or 65 and/or for having multiple policies with the same company. Consider getting quotes from companies you already have policies with, and ask the agent if discounts exist for current customers.
Because coverage is the same regardless of which provider you select, a company’s customer service is an important factor to consider when selecting a new Medigap provider.
- Available hours: Look at the hours when you can reach customer service representatives by phone. Make sure the contact information and hours for customer service representatives or agents, not just sales representatives, are listed.
- In-person availability: If you would prefer to work with someone in person, ask about local agents. Some companies let you place a request for a local agent to contact you, so you only have to submit your information and then wait to be called.
- Existing relationships: If you already have a policy with a company you like, you may wish to talk to the agent who manages your current insurance. They may be able to tell you about special discounts.
A company’s reputation may help you choose between insurers with similarly priced plans.
- Financial strength: Working with a financially stable company ensures that it will be able to pay for services long into the future , even if costs rise substantially or a disaster requires the company to pay for care for hundreds or thousands of policyholders. A.M. Best, Moody’s, Fitch and Standard & Poor’s are independent agencies that rate insurance companies’ financial stability. You can visit these agencies’ websites to see how they rate the financial stability of a specific company. Although many companies list a rating on their website, you can see the most reliable and recent rating on the independent agencies’ websites.
- Years in business: The amount of time a company has been in business can indicate that they have reliable business practices and good customer service. You may also wish to compare how long a company has offered Medicare supplement insurance.
- Recommendations: Ask friends and family members to tell you about their experiences with different insurance companies. Read online reviews to determine how the company deals with customers.
Some companies offer additional features and benefits for policyholders. Be aware, these extra features are not a part of the insurance so they could be changed or eliminated at any time during the policy term.
- Informational seminars: Some companies offer regular meetings and seminars to help customers understand insurance options and/or Medicare more generally. These seminars can help consumers make the best choice for their situation.
- Informational guides: Some companies send customers free pamphlets and other informational materials. These guides give consumers some guidance so they can ask agents specific questions.
- Healthcare perks: Some companies give customers free access to some healthcare services, like medical hotlines or preventative care discounts.
Other insurance offerings
Because companies may offer discounts for individuals who already own multiple policies with them, you may want to choose a company that sells several types of policies that interest you. A company’s other offerings may indicate how experienced they are in dealing with Medicare-related plans and/or people in your age group.
- Auto/home insurance: Companies that have an extensive number of products for protecting your home or automobile will likely offer multiple policies that meet your needs, so a multiple-policy discount would be easy to qualify for.
- Life insurance: Many companies that sell Medicare supplement insurance also offer life insurance policies. These companies might offer multiple policy discounts or might be accustomed to working with recent retirees.
- Health insurance: Companies that offer health insurance may be better at helping individuals choose Medigap policies that meet their needs.
When is the best time to buy?
The best time to buy a Medigap policy is during the Medigap open enrollment period. The period begins on the first day of the month in which you turn 65 or older and enrolled in Medicare Part B. Buying within the enrollment window means:
- Guaranteed issue: Insurance companies must sell you a policy.
- Pre-Existing Coverage: Pre-existing health conditions are covered.
- Can’t Be Charged More: Buying within the six-month window means people suffering from medical conditions can buy coverage for the same price as people without health issues.
- Switching Medigap: You can switch Medigap policies, but you risk a penalty if you don’t switch during the open enrollment window. People switch because they want to cheaper Medigap policy, or because they need more benefits.
What if you buy outside of the enrollment period?
If you apply for Medigap coverage after your open enrollment period, there's no guarantee that an insurance company will sell you a Medigap policy if you don’t meet the medical underwriting requirements, unless you're eligible due to one of the situations below:
- Disability: You’re under 65 and eligible for Medicare because of a disability or end-stage renal disease.
- Pre-existing conditions: Coverage for the pre-existing condition can be excluded if the condition was treated or diagnosed within six months before the coverage starts under the Medigap policy. After the six-month period, the Medigap policy will cover the condition that was excluded.
- Other insurance: If you have group health insurance through an employer or union, your Medigap open enrollment period will start when you sign up for Medicare Part B.
What are the different types of Medicare supplement plans?
All Medicare supplement policies
Medicare supplement insurance, also known as Medigap, is designed to cover some or all of the costs a patient is responsible for before Medicare Part B will pay anything, the copays required by Medicare Parts A and B and any amount over the maximum that Medicare Parts A and B will cover. The different Medigap plans are standardized between companies, meaning consumers will receive the same coverage for Plan A (or whichever plan they select) regardless of which company they buy it from. There are 11 plans, each designated by a different letter, and each one covers different things. (Medigap plans are not labeled with letters in Massachusetts, Minnesota and Wisconsin, so-called waiver states.)
As of January 1, 2020, Medicare supplement plans are no longer allowed to cover the Medicare Part B deductible, so Plan C and Plan F are no longer available to consumers. Anyone enrolled in either of these plans prior to January 1, 2020 can keep their plans and anyone eligible for a plan before January 1, 2020 but not yet enrolled may be able to purchase one of these plans.
Plan A covers additional days in the hospital after Medicare benefits are exceeded, copayments and coinsurance, hospice care and up to three pints of blood.
Plan B covers everything that Plan A does and also covers the deductible required by Medicare Part A.
Plan C covers everything that Plan B covers as well as the deductible required by Medicare Part B, 80 percent of medical care costs occurred when traveling abroad and the coinsurance for stays in skilled nursing facilities. As of January 1, 2020, Plan C is no longer available for new Medicare recipients.
Plan D is the same as Plan C, but it does not cover medical care costs occurred when traveling abroad.
Plan F covers everything covered by Plan C and also covers any excess fees charged by a doctor or hospital that Medicare does not cover. Due to the changes regarding the Part B deductible, consumers can no longer enroll in Plan F.
Plan F—High Deductible
The high deductible version of Plan F has the same coverage as the standard Plan F, but individuals must pay a high deductible, often over $2000, before the policy covers anything.
Plan G covers everything the standard Plan F covers except that it does not cover the Medicare Part B deductible.
Plan K covers additional days in the hospital after Medicare benefits are exceeded and 50 percent of the following: Part B coinsurance, up to three pints of blood, hospice care, coinsurance for skilled nursing facilities and the deductible for Part A.
Plan L covers the same things as Plan K, but it pays 75 percent on the services where Plan K pays 50 percent.
Plan M covers additional days in the hospital after Medicare benefits are exceeded, copayments and coinsurance, hospice care, skilled nursing facility coinsurance and up to three pints of blood. It also covers 50 percent of the Part A deductible and 80 percent of charges while traveling abroad.
Plan N is identical to Plan M, except it fully covers the deductible for Part A and requires a small copay for office visits and trips to the emergency room.
A type of Medigap policy which typically charges lower premiums so long as the policyholders uses approved networks of hospitals and doctors.
Who should consider purchasing Medicare Supplement Insurance?
Anyone reaching retirement age should begin researching health insurance options for those 65 and over. Deciding on a plan before turning 65 may allow some consumers to get special discounts.
Older seniors may wish to purchase Medicare supplement insurance if they’re concerned about paying for an unexpected medical need.
People with qualifying disabilities
Individuals with qualifying disabilities, usually those that make them eligible for social security disability, may be allowed to purchase Medicare supplement insurance before they turn 65.
Affinity Group Members
Affinity groups like AARP may offer members advantages if they buy Medigap through the organization.
Medicare supplemental insurance FAQ
- Do I really need supplemental insurance with Medicare?
- If there are gaps in your Medicare coverage, supplemental insurance may help cover the cost of the deductibles, coinsurance and copayments. Although each individual has different needs with their insurance, you should consider supplemental insurance if:
- You plan to visit the doctor/hospital multiple times a year.
- You get numerous medical treatments throughout the year.
- You plan on regularly traveling outside the country.
- What does supplemental Medicare insurance cover?
- Medicare supplemental insurance (Medigap) covers health care costs not included with your Medicare plan. There are up to 10 plans to choose from, and some plans feature coverage for skilled nursing care or Medicare Part B "excess charges."
Medigap plans have the same standardized benefits and do not cover:
- Dental care
- Hearing aids
- Vision care
- Private-duty nursing
- Long-term care
- How much does Medicare supplemental insurance cost?
- The average monthly premium cost for Medicare supplemental insurance ranges from $50 to $300. The cost of supplemental insurance with Medicare is difficult to calculate because several factors go into calculating the price. For starters, insurers have three ways to price their plans:
- Attained age: A price based on your current age that increases as you age
- Community rated: A set price for everyone enrolled in a specific supplemental plan
- Issue age: A price based on the age when you enroll
Then insurers take into account personal information, like your age, location and gender. There are 10 individual Medigap plans — labeled Medigap Plans A through N — that have different coverages. The cost of a plan also depends on available discounts.
- Can you have more than one supplemental insurance with Medicare?
- You cannot have more than one Medigap plan at a time. It is illegal for insurers to sell more than one Medigap plan to the same person.
If you have a Medicare Advantage plan, you can enroll in a Medicare supplemental plan. However, your Advantage plan must end for any supplemental plan to go into effect.
- Can I buy a Medicare supplement at any time?
- No, there are very specific requirements to enroll in a Medicare supplemental plan:
- You must be 65 or older.
- You must have Medicare Part A and Part B.
- You must purchase during your open enrollment period, which starts the first day of the month when you turn 65 and are enrolled in Part B. If you try to purchase Medigap coverage outside this enrollment period, your options may be limited, and there may be extra costs.
- What is Medicare Advantage?
- Medicare Advantage is an alternative to Original Medicare that is offered by private health insurance companies. Medicare Advantage plans, also called “Part C” plans, bundle Part A, Part B and usually Part D, or prescription drug coverage. Most plans offer coverage that goes beyond Original Medicare. Medigap plans do not work with Medicare Advantage plans.
- Is a Medicare supplement plan worth it?
- Yes, a Medicare supplemental plan is generally worth it if you want more coverage for costs Original Medicare doesn’t cover, including copayments, coinsurance and deductibles.
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Compare Reviews for Medicare Supplemental Insurance Plans
|Physicians Mutual Medicare Supplemental Insurance||Read Author Review|
Offers multiple types of insurance to the general public, including Medicare supplement plans. Provides free online quotes. Household discounts for those in the same home with life insurance or Medigap policies.
Information in this guide is general in nature and is intended for informational purposes only; it is not legal, health, investment or tax advice. ConsumerAffairs.com makes no representation as to the accuracy of the information provided and assumes no liability for any damages or loss arising from its use.
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