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Best Medicare Supplement Plans in Alaska 2021

Beneficiaries unsatisfied with the gaps in their Medicare benefits may consider enrolling in one of 10 Medicare Supplement plans in Alaska. While Advantage plans replace Original Medicare, supplemental plans complement the original benefits. Medicare Supplement plans in Alaska give beneficiaries a chance to eliminate the out-of-pocket costs that come with the federal Medicare program.

What are the Top 5 Medicare Supplement Plans in Alaska?

The first step to choosing between Medigap policies is to compare the benefits and cost of all plan options. There are five supplemental insurance policy options that most Alaska beneficiaries select because they cover a variety of medical expenses at reasonable prices.

1. Medicare Plan F – Best Comprehensive Coverage

  • Plan F coverage includes Medicare Part A deductible, Medicare Part B deductible, Part B coinsurance, foreign travel emergency care, and Part B excess charges.
  • Maximizes out-of-pocket costs but comes with the highest monthly premiums.
  • Eligibility is limited to beneficiaries with a Medicare Part B effective date prior to January 1, 2020.

2. Medicare Plan G – Best Full Coverage

  • Policy includes everything covered by F plans except for the Medicare Part B deductible. The Part A deductible is covered.
  • All beneficiaries are eligible to apply regardless of Original Medicare start date.

3. Medicare Plan N – Best Value

  • Plan N has no coverage for Part B excess charges or deductible. Part A deductible is covered.
  • Requires beneficiaries to pay up to $20 to see a doctor and up to $50 for emergency room visits.
  • Open to all beneficiaries regardless of Medicare start date.

4. High-Deductible F – Best Deductible Plan

  • Beneficiaries must pay the annual deductible out of pocket of $2,370 before accessing benefits for medical coverage.
  • Benefits are identical to the standard Plan F once the deductible is paid.
  • The higher deductible comes with extremely low monthly premiums.

5. High-Deductible G – Best For Lowest Premiums

  • Beneficiaries pay a much lower monthly premium but are required to meet a higher annual deductible, which is $2,370 in 2021.
  • Includes all benefits of the standard Plan G after the deductible is met.

What is the Best Supplemental Insurance to go with Medicare?

Each Medicare Supplement insurance plan in Alaska will meet the needs of different beneficiaries. No single plan perfectly fits the needs of all Medicare recipients. That’s why it’s important to compare coverage and rates online to fully understand all plan options. You should do the same for your Medicare Part D plan because supplemental policies don’t come with prescription drug coverage.

What is the most popular Medicare Supplement plan in Alaska for 2021?

It’s a tie between three Medigap plans in Alaska:

  • Medicare Plan F – The most comprehensive coverage for beneficiaries with a Medicare Part B start date prior to 1/1/2020 who can afford higher premiums.
  • Medicare Plan G – The most comprehensive coverage for beneficiaries with a Part B effective date after 1/1/2020 who can afford to pay higher premiums plus the Medicare Part B deductible out of pocket.
  • Medicare Plan N – Excellent coverage for beneficiaries who can afford to pay small copayments for doctor and emergency room visits.

Which plan has the best benefits in Alaska?

Plans F and Plan G maximize benefits in exchange for higher monthly premiums. Plan N still offers great coverage for those able to pay some out-of-pocket expenses in exchange for slightly lower premiums.

How do I choose the best plan?

Consider your overall health care budget when selecting between Medigap policies in Alaska. Make sure your out-of-pocket costs and monthly premiums won’t exceed that budget. For example, it sometimes helps to invest in a plan that covers all Part B excess charges and Part B coinsurance even if the premiums are higher than plans without that coverage.

If you need further help selecting a Medicare Supplement insurance plan in Alaska, our Policy Guides are always willing to help.

Which Medigap company offers the best rates in Alaska?

Each insurance company offering supplemental Medicare coverage will set different rates for each zip code. The goal is to find the Medicare insurance company offering the best rates in your zip code for the plan that you want to select. That may differ from the cheapest private insurance company in a different zip code.

What is the Average Cost for a Medicare Supplement Plan in Alaska for 2021?

To illustrate the general cost of a Medigap plan in Alaska, the following chart shows rate quotes for a 65-year-old female nonsmoker who lives in Alaska zip code 99501. Our Policy Guides can help you compare plan options and rates for your zip code. You will also need a Medicare Part D plan, which is an additional cost.

  • Medicare Plan G – $116.00 – $145.3 average monthly premium; $119 average
  • Medicare Plan N – $100.58 – $105.44 average monthly premium; $103 average
  • High-Deductible G – $34.00 – $43.48 average monthly premium; $39 average

Common Alaska Medicare Supplement Plan Questions

What Companies Sell Medigap Plans in Alaska?

There are fewer than 20 private insurance companies selling Medigap plans in Alaska. The ideal Medicare insurance company will provide competitive rates and excellent customer service. Each insurer competes with pricing, and there are a few that shine when compared to other Medigap insurance options:

  • Humana
  • Cigna
  • Mutual of Omaha

When Can I Apply for a Alaska Medicare Supplement Plan?

You’re eligible to enroll in a Medicare Supplement insurance plan in Alaska when you sign up for Original Medicare. All Medicare beneficiaries have a six-month Medigap Open Enrollment Period that starts the month that they are 65 and sign up for Medicare Part B. Beneficiaries can sign up for Part D prescription drug coverage at the same time.

The following guaranteed issue rights are only offered during the initial open enrollment period and select special open enrollment periods:

  • All beneficiaries are guaranteed acceptance into the plan of their choice.
  • All beneficiaries are given the same rates without medical underwriting. Your pre-existing conditions or current health condition will not impact your rate.
  • Insurance companies cannot later cancel the insurance policy unless a beneficiary fails to make monthly premiums.

Which is better, Medigap Plan G or Plan N?

The difference between Plan G and Plan N is the amount of coinsurance covered. There are no copays to see a doctor or visit the emergency room if you select Plan G, but small copays are required if you select Plan N.

What is Medicare Supplement Insurance?

When signing up for Medicare benefits through Social Security, you have two options:

  • Enroll in Original Medicare and enjoy the basic benefits offered to all beneficiaries.
  • Enroll in a Medicare Advantage program and enjoy added benefits at a higher cost.

If you select the first option, you can add Medicare Supplement insurance plans to eliminate some or all of the out-of-pocket costs that come with Medicare’s basic benefits.

Here’s what you need to know about Medigap plans in Alaska:

  • All plans are standardized by the federal government.
  • Each plan is marked with a letter and offers the same benefits regardless of the insurer.
  • Beneficiaries are required to pay a monthly premium for their Medigap plan.
  • Plans are offered by private health insurance companies, but not all companies will offer all plans in all zip codes. A licensed insurance agent can help you determine what plans are available in your area.

Is Plan G the Best Medigap Plan in Alaska?

How Much Does it Cost?

The cost of Medicare Supplemental coverage varies by zip code and personal factors like age and tobacco use. For example, a 65-year-old woman who does not smoke would pay an average of $119 per month for Plan G in zip code 99501. The same woman would pay an average of $130 per month in zip code 99556.

The total cost of Medicare Plan G includes a Part D prescription drug plan. Medigap plan limits prevent insurance companies from adding prescription drug coverage onto supplemental plans.

What is the Plan G Deductible in 2021?

There are no deductible for Medicare Supplement plan G in Alaska. While Plan G covers the deductible for Medicare Part A, it doesn’t include the Part B deductible. For 2021, the deductible for Part B is $203.

What does Medigap Plan G Cover in Alaska?

Related Topics

Plan G by State

Ready to learn more?

My Medigap Plans is a rapidly growing resource for Medicare beneficiaries. We specialize in educating consumers on their options and guiding them through the process of plan selection. We work closely with some of the nations top rated carriers such as Aetna, Cigna and Mutual of Omaha. Compare our list of the 10 Best Medicare Supplement Insurance Companies or take a deeper look at the plans by reviewing our Medicare Supplement Plans Comparison Chart. Learn more or about Medicare Part D Prescription Drug plans, or request a Medicare Supplement Plan Quote.

Alaska Medicare Resources

Alaska Enrollment Statistics

Of the 19 organized boroughs and the sole unorganized borough in Alaska, these are the five largest. Many people from these boroughs have Medigap plans in Alaska:

  • Anchorage
  • Matanuska-Susitna
  • Fairbanks North Star
  • Kenai Peninsula
  • Juneau
  • More than 90,000 residents of Alaska had Medicare in 2017. This includes both those who were enrolled in Medicare Part A, Medicare Part B or both.
  • 15 percent of those with original Medicare insurance in Alaska also had Medigap policies in 2015. This included more than 12,300 people who looked for and purchased the best Medicare Supplement insurance plan for their needs.
Key Take Aways
  • There are 10 Medicare Supplement Plans in Alaska to choose from.
  • In Alaska, Medicare Supplement Plan G is the most popular plan.
  • Medigap Plans do not use a network, go wherever Original Medicare is excepted.
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