Medicare Supplement Plans in Idaho
Medicare Supplement insurance plans in Idaho are offered by private insurers approved by Medicare. These Medigap plans can cover expenses that Original Medicare doesn’t cover, such as copays and coinsurance; furthermore, they offer additional protection against excess charges or medical emergencies on your overseas travels.
Medigap policies aren’t equal for everyone – their cost and availability are impacted by factors such as age, gender, state of residence, and insurance provider. Additionally, in Idaho, these plans’ specifics are outlined by state laws and an insurance commissioner.
Before enrolling in an Idaho Medigap plan, you must assess the factors related to its cost and access.
Key Takeaways:
- There are ten Medigap plans to choose from.
- Plan G is the most popular Medigap plan in Idaho.
- The cost of Plan G varies between $172 and $257 monthly.
- Aflac offers the most competitively priced Plan G in Idaho.
What’s the Most Popular Idaho Medigap Plan in 2024?
Medigap Plan F and Plan G are the most popular plans in Idaho.
Starting in 2020, changes have been implemented that prevent new Medicare recipients from enrolling in Plan F, which historically boasted the highest enrollment numbers with over 38,400 beneficiaries. It’s important to note that if your Medicare start date is after 2020, you won’t be able to purchase Plan F.
Plan G has emerged as the new crowd favorite, attracting over 42,900 enrollees.
Among new beneficiaries, the second most popular option is Plan N, which has garnered over 7,400 enrollees. As for the less popular plans, Plan K has 997 enrollees, Plan L has 242 enrollees, Plan A has 441 enrollees, and Plan C has 739 enrollees.
Review our Medicare Supplement Plans Comparison Chart for a deeper look at these plans.
Who Offers the Cheapest Medigap Plan Rates?
Upon careful evaluation of key factors, we have determined that Aflac offers the most competitively priced Plan G in Idaho. While Aflac’s Medigap plans are known for their affordability in Idaho, it is crucial to consider a range of factors when selecting the best Medicare Supplement company for you.
Each provider has its own set of coverage pros and cons, so it’s important to carefully assess and compare them before making a decision.
To help you decide, we’ve created a detailed chart comparing Aflac with other Medicare Supplement providers in Idaho. It includes premium examples and ratings, offering valuable insights to simplify your decision-making.
| Company | AM Best Rating | Plan G Rates | Plan N Rates | HDG Rates | Plan F Rates |
|---|---|---|---|---|---|
| AFLAC | A+ | $172.33 | $128.47 | n/a | $206.73 |
| Ace Property and Casualty Insurance Company | A++ | $179.17 | $131.25 | $71.67 | $226.75 |
| Aetna Health and Life Insurance Company | A | $188.54 | $157.94 | n/a | $232.64 |
| Manhattan Life Assurance Company | B++ | $191.75 | $154.25 | n/a | $231.50 |
| Regence BlueCross BlueShield of Idaho | A- | $195.00 | $185.00 | n/a | $290.00 |
| United American Insurance Company | A | $196.00 | $178.00 | $58.00 | $241.00 |
| Omaha Insurance Company | A+ | $196.74 | $142.85 | $68.86 | $233.49 |
| Humana Insurance Company (Value) | A- | $203.73 | $157.91 | $67.02 | $245.67 |
| GPM Health and Life Insurance Company | A- | $203.75 | $145.67 | n/a | $233.31 |
| Allstate Health Solutions | A+ | $206.66 | $171.23 | n/a | $251.72 |
| Guarantee Trust Life Insurance Company | A- | $226.80 | $186.79 | n/a | $252.64 |
| Cigna Health & Life Insurance Company | A | $257.47 | $193.86 | n/a | $304.42 |
How Much Do Medigap Plans Cost in Idaho?
- Aflac offers the cheapest rate for Plan G at $172.33 per month, while also providing the most affordable Medigap Plan N at $128.47.
- If you prefer a low-priced High Deductible Plan G, United American Insurance Company has you covered at just $58 per month.
- And for the best Plan F rate, Aflac is offers a competitive price of $206.73.
Please keep in mind that your monthly premium can vary depending on your insurance provider and their rating criteria.
Can You Change Medigap Plans at Any Time?
You have the flexibility to change your Medigap plan at any time. However, it’s important to note that outside of specific enrollment periods, you may be subject to medical underwriting. This could impact your premium or potentially affect your eligibility for a new plan. It’s crucial to understand these factors before making any changes to ensure you make an informed decision.
The Medigap Open Enrollment Period presents the opportune time to enroll in or modify your Medigap plan. This window commences on the first day of the month when you turn 65 and are enrolled in Medicare Part B. It extends for six months. During this period, you can purchase any Medigap policy available in your state, irrespective of your health condition.
Do Medigap Plans Cover Pre-existing Conditions?
If you apply during the Medigap Open Enrollment Period, you will be guaranteed coverage for any pre-existing conditions from the policy’s start date. You will pay the same premium as individuals without pre-existing health conditions for the same Medigap policy.
However, if you apply after this enrollment period, your application may undergo medical underwriting. Underwriters will thoroughly evaluate your application and medical history. Based on their evaluation, insurance companies may make different decisions regarding coverage.
They may choose to deny coverage altogether, cover pre-existing conditions but charge a higher premium to account for the associated risk, or cover pre-existing conditions while requiring a waiting period of six months before the coverage begins.
Next Steps
You can sign up for a Medigap plan by contacting one of our agents and ensuring you’re in your Open Enrollment Period or have guaranteed issue rights. Then, fill out the application and decide when you want your policy to begin.
We specialize in guiding Medicare beneficiaries through their Medicare insurance options. We work with some of the nation’s top-rated Medigap carriers to ensure you get the best possible service.
Call us today to learn more or request a quote online.
Frequently Asked Questions:
The average monthly premium range for a Medicare Supplement plan in Idaho is $145-$257. The cost can vary widely depending on factors such as which insurance company you choose, the coverage you need, and your age.
Aflac and Aetna are two of the top choices. Both offer a variety of plans with a wide range of benefits and coverage options.
Medicare Plan G in Idaho costs most beneficiaries an average of $172 – $200 monthly.
Article Resources:
- Types of Medigap Plans
- How Much Do Medigap Plans Cost?
- When Can I Apply for a Medicare Supplement Plan?
- How Do I Enroll in a Medigap Plan?
- When Can I Change Medigap Plans?
- Can I Be Denied Medigap Coverage?
- CMS Medicare Services
- Idaho Department of Insurance Medicare Overview
- Idaho Medigap Rates
Disclaimer:
Average quotes are for sample purposes only. Actual premiums are based on several factors, including health conditions, age, location, tobacco status, gender, and insurance provider.
