Best Medicare Supplement Plans in Alabama 2024
There are ten Medicare Supplement plans in Alabama to choose from.
Medicare Supplement Plan G is the best choice choice for most beneficiaries in Alabama for 2024 due to its extensive coverage. Coming in second is Plan N, followed by High Deductible Plan G.
Average monthly costs:
- Plan G: $116 to $253
- Plan N: $93 to $146
- High Deductible Plan G: $44 to $58
Below is a list of the top four plans with coverage highlights:
Most Popular: Medicare Supplement Plan G
- Plan G is the most comprehensive plan, covering 22% of state enrollees (over 40,200).
- Pays everything Plan F does except for Medicare Part B deductible.
- Lower monthly premium compared to Plan F for those who have the option to choose either.
- Covers Part B excess charges and coinsurance plus copayments and foreign travel emergency expenses.
Best Value: Medicare Supplement Plan N
- Currently, over 10,600 enrollees in Alabama.
- Comprehensive coverage.
- Lower monthly premium in return for adding copayments.
- Plan N has an office copay of up to $20.
- Emergency room visit copay of up to $50 (waived if admitted).
Best Low-Cost Plan: High Deductible Plan G
- Same benefits as Medicare Plan G.
- Annual deductible of $2,700.
- Significantly cheaper than Medicare Plan G.
- High Deductible Plan G offers the lowest premium of any Medigap plan today.
Best Full Coverage: Medicare Supplement Plan F
- Plan F is the “best full coverage” plan, covering all Part A and B expenses.
- Over 60,500 enrollees
- The downside is that your Medicare eligibility must start before Jan. 1, 2020, to enroll in this plan.
Review our Medicare Supplement Plans Comparison Chart for a more detailed list of plan benefits.
What’s the Most Popular Medicare Supplement Company in Alabama?
We have determined that Ace Property and Casualty Insurance Company provides the most competitively priced rates for both Plan G and Plan F.
While Ace Medigap plans may offer affordable options in Alabama, it’s important to consider more than just cost when choosing a Medicare Supplement provider. Each company has its own advantages and disadvantages based on their coverage methods.
Take a look at this chart comparing Ace with other Medicare Supplement companies in Alabama. It provides valuable information, such as sample premiums and ratings, helping you make an informed decision.
| Company | AM Best Rating | Plan G Rates | Plan A Rates | Plan C Rates | Plan F Rates |
|---|---|---|---|---|---|
| Ace Property and Casualty Insurance Company | A++ | $116.08 | $114.83 | n/a | $134.33 |
| American Home Life Insurance Company | B++ | $120.98 | $120.37 | n/a | $145.21 |
| Manhattan Life Assurance Company | B++ | $123.33 | $129.42 | n/a | $161.08 |
| United States Fire Insurance Company | A | $123.33 | $123.75 | n/a | $146.92 |
| SBLI USA Life Insurance Company, Inc (Prosperity) | A- | $123.53 | $122.29 | n/a | $134.49 |
| AFLAC | A+ | $125.59 | $142.92 | n/a | $148.68 |
| American Benefit Life Insurance Company | A- | $125.86 | $124.86 | n/a | $152.97 |
| Medico Insurance Company (Preferred) | A | $126.56 | $135.52 | n/a | $153.22 |
| Elips Life Insurance Company | A | $127.80 | $125.08 | n/a | $151.33 |
| Allstate Health Solutions | A+ | $130.62 | $125.21 | n/a | $151.48 |
| Capitol Life Insurance Company | A- | $136.62 | $135.25 | n/a | $169.66 |
| Cigna National Health Insurance Company | A | $138.14 | $149.41 | n/a | $157.33 |
| Humana Insurance Company | A- | $139.26 | $126.60 | n/a | $141.22 |
| New Era Life Insurance Company | A- | $144.57 | $134.20 | $135.80 | $205.52 |
| Bankers Fidelity Assurance Company (Preferred) | A- | $150.23 | $148.27 | n/a | $182.56 |
| Continental Life Insurance Company of Brentwood, Tennessee (Aetna) | A | $155.10 | $135.45 | n/a | $179.01 |
| Union Security Insurance Company | B++ | $158.92 | $166.28 | n/a | $207.95 |
| Omaha Insurance Company | A+ | $162.46 | $107.11 | n/a | $184.51 |
| Accendo Insurance Company | A | $167.77 | $146.94 | n/a | $181.09 |
| United American Insurance Company | A | $191.00 | $93.00 | $214.00 | $243.00 |
| Guarantee Trust Life Insurance Company | A- | $199.32 | $191.80 | n/a | $243.15 |
| Assured Life Association | NR | $253.32 | $229.90 | n/a | $314.10 |
High Deductible Plan Options
Medigap Plans F and G both provide a high deductible option, but they differ in terms of their coverage and costs. Under these plans, you will be responsible for Medicare-covered costs until you reach the deductible amount, after which your Medigap plan will kick in to cover expenses.
Once that amount is met, High Deductible Plan F typically covers all Medicare-approved costs, including the Part B deductible. High Deductible Plan G covers the same costs as Plan F but does not cover the Part B deductible. However, Plan G often has lower premiums than Plan F, making it a potentially more cost-effective choice for some individuals.
While you will have to pay a higher deductible upfront, these plans offer coverage for a wide array of costs once that deductible is met.
It’s important to note that the deductible amounts may vary annually.
How Do I Apply for Medicare in Alabama?
Contact Social Security to enroll in Medicare. Choose between signing up for Part A (Hospital Insurance) and Part B (Medical Insurance) or applying for Social Security (or the Railroad Retirement Board) benefits.
Sign up options:
- Online (at Social Security) – It’s the easiest and fastest way to sign up and get any financial help you may need. (You’ll need to create your secure My Social Security account to sign up for Medicare or apply for benefits.)
- Call Social Security at 1-800-772-1213. TTY users can call 1-800-325-0778.
- Contact your local Social Security office.
- If you or your spouse worked for a railroad, call the Railroad Retirement Board at 1-877-772-5772.
About two weeks after you sign up, you will be mailed a welcome package with your Medicare card.
Support for Next Steps
Our expertise lies in providing guidance to Medicare beneficiaries, helping them navigate through the various Medicare insurance plan options available.
We collaborate with some of the nation’s most reputable Medigap carriers, ensuring that you receive exceptional service that meets your needs and expectations.
You can give us a call today to learn more or request a quote online.
Frequently Asked Questions:
Premiums for Medigap Plan G are typically $116-$253 but may vary monthly by provider. The policy covers copayments and coinsurance for various services, such as doctor visits, hospital stays, and lab tests.
Many beneficiaries often weigh their options between Aetna and Cigna. Both companies have a long-standing presence in the state and offer a wide range of plans to suit various needs and budgets.
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
- Alabama Department of Insurance
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.
