Medicare Supplement Plans in Louisiana
Medicare has approved private insurance companies to provide Medicare Supplement insurance policies (Medigap) in Louisiana.
These plans are designed to help cover the out-of-pocket costs not covered by Original Medicare, such as coinsurance, copays, and excess charges. Additionally, these plans offer coverage for unforeseen medical emergencies when traveling abroad.
Even though Medicare standardizes Medigap plans, the cost and availability of these policies vary depending on age, gender, insurance provider, and residing state. Louisiana has state laws to govern such plans, along with an insurance commissioner responsible for overseeing them.
Key Takeaways:
- There are ten Medigap plans in Louisiana to choose from.
- Medigap Plan G is the most popular plan in Louisiana.
- Plan G premiums vary between $123 and $382 monthly.
- Allstate Health Solutions offers the most competitively priced Plan G in Louisiana.
What’s the Most Popular Louisiana Medigap Plan in 2024?
Plan F and G stand out as Louisiana’s top Medigap plan choices.
Since 2020, a change has been affecting new Medicare enrollees in Louisiana. They are now ineligible to enroll in Plan F, which previously boasted the highest number of beneficiaries, with over 74,400 individuals.
Instead, the new go-to option is Plan G, with over 59,700 enrollees. The next most popular choice is Plan N, with over 13,300 enrollees.
Some plan options are not as widely chosen:
- Plan C – 1,291 enrolled
- Plan K – 686 enrolled
- Plan L – 379 enrolled
- Plan A – 315 enrolled
For a closer look at Medicare Supplement plans, visit our Comparison Chart.
Who Has the Lowest Medigap Rates in Louisiana?
Allstate Health Solutions offers the most competitively priced Plan G in Louisiana. When picking a plan, it’s important to consider coverage options, customer service, and financial stability.
To make your decision-making easier, we’ve made a handy comparison chart that shows how Allstate compares to other providers in Louisiana. This detailed chart includes premium examples and ratings, giving you valuable insights to help you decide.
| Company | AM Best Rating | Plan G Rates | Plan N Rates | HDG Rates | Plan F Rates |
|---|---|---|---|---|---|
| SBLI USA Life Insurance Company, Inc (Prosperity) | A- | $123.02 | $89.51 | n/a | $139.23 |
| Allstate Health Solutions | A+ | $127.30 | $95.05 | n/a | $151.54 |
| American Home Life Insurance Company | B++ | $130.47 | $94.25 | n/a | $156.60 |
| Bankers Fidelity Assurance Company (Preferred) | A- | $132.07 | $101.43 | $44.57 | $225.67 |
| Ace Property and Casualty Insurance Company | A++ | $132.42 | $100.25 | $52.42 | $151.92 |
| AFLAC | A+ | $132.62 | $97.72 | n/a | $153.90 |
| United States Fire Insurance Company | A | $133.50 | $93.25 | $46.33 | $159.08 |
| American Benefit Life Insurance Company | A- | $134.59 | $99.72 | n/a | $166.67 |
| Manhattan Life Assurance Company | B++ | $140.00 | $107.92 | n/a | $168.67 |
| Cigna National Health Insurance Company | A | $140.36 | $100.79 | n/a | $158.39 |
| Elips Life Insurance Company | A | $141.42 | $105.25 | $54.92 | $164.17 |
| Medico Insurance Company (Preferred) | A | $143.43 | $111.39 | $49.49 | $173.64 |
| Capitol Life Insurance Company | A- | $148.75 | $101.49 | n/a | $195.28 |
| Accendo Insurance Company | A | $150.11 | $111.37 | n/a | $175.43 |
| Philadelphia American Life Insurance Company | A- | $151.80 | $110.34 | $47.24 | $223.55 |
| Omaha Insurance Company | A+ | $156.09 | $115.67 | $57.80 | $176.45 |
| Aetna Health Insurance Company | A | $158.10 | $106.12 | $49.98 | $179.84 |
| Humana Insurance Company | A- | $163.74 | $114.10 | $54.02 | $193.12 |
| Union Security Insurance Company | B++ | $172.76 | $123.53 | n/a | $226.04 |
| United American Insurance Company | A | $183.00 | $181.00 | $34.00 | $223.00 |
How Much Do Medigap Plans Cost in Louisiana?
Allstate Health Solutions offers Plan G at an affordable rate of $127.30 per month, making it the most cost-effective option among all Medigap insurance providers.
If you’re looking for a budget-friendly plan, United States Fire Insurance Company provides Medigap Plan N for $73.83 monthly and High Deductible Plan G for just $34 per month. Additionally, regarding the most competitive rate for Plan F, Allstate Health Solutions stands out with a price of $151.54.
Please be aware that your monthly premium may differ based on the insurance provider you choose and their rating criteria.
Do Medigap Plans Have Networks?
Medigap plans do not have networks, allowing you to visit any doctor or hospital in the United States that accepts Medicare, regardless of your location. This can be especially advantageous for frequent travelers or individuals who reside in multiple places throughout the year.
However, it’s important to note that although Medigap plans provide this flexibility, they may come with higher premiums compared to Medicare Advantage plans that utilize provider networks.
Which Medigap Plans Cover Foreign Travel?
Medigap Plans C, D, F, G, M, and N cover emergency healthcare services during foreign travel.
Medicare.gov states these plans cover 80% of medically necessary emergency care expenses outside of the U.S. after meeting a $250 yearly deductible. This coverage applies if the emergency care is sought within the first sixty days of the trip and if Medicare does not already cover the care.
Please note that coverage may have certain limitations. Before relying solely on Medigap for healthcare while traveling abroad, fully understanding the plan’s details and restrictions is crucial.
How Do I Sign Up?
To enroll in a Medigap plan, simply reach out to one of our agents and ensure that you are within your Open Enrollment Period or have guaranteed issue rights. Once you’ve done that, complete the application and choose the start date for your policy.
We specialize in guiding Medicare beneficiaries through their insurance options. Our team collaborates with some of the nation’s top-rated Medigap carriers to provide you with exceptional service.
If you’d like to learn more, don’t hesitate to give us a call today or request a quote online.
Frequently Asked Questions:
Monthly premiums range from $34 to $450. The cost of Medicare Supplement plans in Louisiana varies depending on your plan type.
United Healthcare and Blue Cross Blue Shield of Louisiana are the best Medicare Supplement providers in Louisiana. They offer various plans to suit individual needs and discounted rates for members who purchase multiple plans.
If you are 65 or older and enrolled in Parts A and B of Medicare, Medigap Open Enrollment starts on the first day of your birthday month and lasts six months. An insurance company cannot use medical underwriting to determine whether to accept your application or charge a different price during this period.
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
- Louisiana Senior Health Insurance Information
- Louisiana Medicare Savings Program
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.
