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Best Medicare Supplement Plans in Arkansas 2021

Medicare Supplement insurance plans in Arkansas are meant to help Medicare beneficiaries make the most of their benefits by paying some of Original Medicare insurance’s deductibles, copayments, and coinsurance costs.

Local Medigap policies are standardized by the federal government, but you buy them from a private Medicare insurance company that has been authorized by Arkansas to market Medigap plans. When you take the time to compare Medicare Supplement plans in Arkansas, you can be sure of getting the best rates and benefits for your own unique needs.

What are the Top 5 Medicare Supplement Plans in Arkansas?

1. Best for full coverage: Plan F

Plan F has been the most popular of the Medicare Supplement insurance plans for Arkansas residents, but it is only available to those who became eligible for Medicare before January 1, 2020.

Plan F offers the broadest coverage to help with copayments, coinsurance and deductibles. It also covers Medicare Part B deductible payments.

2. Best comprehensive plan: Plan G

Eligibility for Plan G is different than for Plan F, and it is based on your age. Plan G is available for those who became eligible for Medicare after Jan. 1, 2020.

Like Plan F, Plan G also helps pay for copayments, coinsurance and deductibles. The difference is that Plan F is a bit broader because it covers Medicare Part B deductible payments. Plan G does not.

3. Best value: Plan N

Arkansas residents who select Medicare Plan N will pay lower premiums but incur more out-of-pocket expenses for their health plan. Those out-of-pocket costs include:

  • $20 copay for doctor’s appointments
  • Up to $50 for emergency room visits

4. Best deductible plan: High Deductible Plan F

Like the regular Plan F, Plan F high deductible is only available for those eligible for Medicare enrollment before Jan. 1, 2020.  Under the high deductible plan, Medicare will pay its share of your healthcare expenses, then you will pay out-of-pocket fees up to your deducible amount.

Effective January 1, 2021, the annual deductible for the high deductible Plan F is $2,370. Once you reach this amount, this plan works like regular Plan F and will cover 100 percent of your share on all Plan A and B services.

5. Best for lowest premiums: High Deductible Plan G

For those who are interested in a high deductible plan but are newer to Medicare, you will want to consider high deductible Plan G.

Unlike Plan F, Plan G doesn’t cover the Medicare Part B deductible. You will have to reach a high deductible of $2,370 in 2021 before the plan pays your Medicare out-of-pocket costs. Those who joined who became eligible for Medicare after Jan. 1, 2020, can purchase Plan G.

What is the Best Supplemental Insurance to go with Medicare?

1. What is the most popular Medicare Supplement plan in Arkansas for 2021?

For those eligible for Medicare before Jan. 1, 2021, Plan F is the most popular Medicare Supplement plan in Arkansas. After that date, the most similar option is Plan G. Plan G does not cover the Medicare Part B deductible as Plan F does.

2. Which plan has the best benefits in Arkansas?

Medicare supplement Plan F  and Plan G offer the same benefits except for Medicare Part B deductibles. Plan F covers that and G does not. Overall, they both cover:

  • Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up
  • Part B coinsurance or copayment
  • Blood (first 3 pints)
  • Part A hospice care coinsurance or copayment
  • Skilled nursing facility care coinsurance
  • Part A deductible
  • Part B excess charge
  • Foreign travel, up to 80 percent

Please note, Medicare Supplement insurance plans do not offer prescription drug coverage. That would be a separate plan offed by a private insurance company, known as Medicare Part D.

3. How do I choose the best plan?

You can turn to us at Policy Guide to find the best plan for you. We will look at your goals and budget to figure out what Medigap plan meets your needs.

4. Which Medigap company offers the best rates in Arkansas?

Private insurance companies set the rates for Medigap policies. These rates vary depending on demographics from state to state and even within a state. Our experienced Policy Guides can provide a free quote based on your info in a few short minutes.

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

The cost of Medigap monthly premiums is based on many factors, including:

  • Community-rated – Monthly premiums are the same for everyone who has the Medigap policy, regardless of age. Premiums may go up because of inflation and other factors.
  • Issue age – The premium is based on your age when you buy the Medigap policy.
  • Attained age  – The premium is based on your current age and your premium goes up as you get older or due to inflation or other factors.

For the 72204 zip code in Little Rock, Arkansas, here are the averages for a 65-year-old, nonsmoking female:

Plan F: $198.52 (range $180.28 to $283.17)

Plan G: $176.17 (range $86.46 to $210.48)

Plan N: $147.59 (range $144.00 to $267.59)

Average: $174.09

Common Arkansas Medicare Supplement Plan Questions

What Companies Sell Medigap Plans in Arkansas?

You have many options when selecting a private insurance company for your Medicare Supplement insurance plans in Arkansas. The following three companies are the most popular in your service area.

1. Cigna 

Cigna makes it easy to find Medicare coverage that’s right for you with flexible coverage options and more. In 2021, Cigna received a five-star rating from Medicare, which is the highest star rating possible.

2. Aetna

Aetna offers a wide range of plan options for Medicare enrollees. In 2021, Aetna has an overall weighted average of 4.0 out of 5.0 stars.

3. Mutual of Omaha

Mutual was one of the very first companies to offer Medicare supplement plans after Medicare began in 1965. In 2021, Mutual of Omaha received 2.5 stars out of a 5-star rating.

When Can I Apply for Arkansas Medicare Supplement Plan?

Most Medicare beneficiaries apply for a Medigap plan in Arkansas during the six-month Medigap open enrollment period. The enrollment period automatically starts the month you’re 65 and enrolled in Medicare Part B. During this time, you can buy any Medigap policy sold in your state, even if you have health problems.

When the initial enrollment period is over, you can still change plans, but it’s more complicated and potentially more expensive. After this enrollment period, insurers can take your health condition, including preexisting conditions, into consideration when quoting a policy.

Please note, the Medigap open enrollment period is not the same as the Medicare Advantage open enrollment period. Please speak to your licensed insurance agent to clarify deadlines and enrollment periods.

Which is better, Medigap Plan G or Plan N?

The plans are very similar, but Plan G is slightly more comprehensive, which is generally more expensive. Medicare Plan N has lower premiums and a higher cost-share than Plan G. Your health and financial situation will play a role in whether Plan G or Plan N is a better fit.

What is Medicare Supplement Insurance?

Medicare Supplement plans in Arkansas pay healthcare expenses after the federal Medicare program covers its share.

Eligibility for Medicare primarily begins when people turn 65.  Original Medicare consists of Parts A and Part B, and it is run by the federal government.

Part A health insurance coverage includes:

  • Inpatient hospital care
  • Skilled nursing facility care
  • Hospice care

Part B health insurance coverage includes:

  • Medical appointments
  • Screenings
  • Lab work
  • Medical supplies

Medicare Supplement plans are also known as Medigap plans. They are sold by private insurers.

Medigap plans are different from Medicare Advantage plans (Part C). Medigap plans also do not offer prescription drug plans, known as Part D plans .

Because of the confusing terminology, different deadlines set by the U.S. government and varying features, Medicare plans can become overwhelming.

Please rely on experts like us at My Medigap Plans to sort through the maze. Our experienced agents can match the Medigap policy that best meets your needs so you can begin saving money on your health coverage.

Is Plan G the Best Medigap Plan in Arkansas?

How Much Does it Cost?

The average cost for Plan G for a 65-year-old, nonsmoking female is $176.17 in the Little Rock, Arkansas, 72204 zip code

What is the Plan G Deductible in 2021?

Plan G doesn’t have a deductible, but you will have to pay the Part B deductible, which is $203 in 2021.

What does Medigap Plan G Cover in Arkansas?

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.

Arkansas Enrollment Resources

Arkansas Enrollment Statistics

To select the best Medicare Supplement insurance plan in Arkansas for your unique needs, it might help to learn some facts about Medicare and Medigap plans in Arkansas:

  • Around 474,000 Arkansas residents get Medicare benefits for help with healthcare costs.
  • Out of every Arkansas resident enrolled in Medicare Part A and Part B, about 172,000 choose Medigap plans in Arkansas for extra coverage.
  • Traditionally, most Arkansas beneficiaries have chosen Plan F as the best Medicare Supplement plan in Arkansas for them.
  • The largest Arkansas counties include Pulaski, Benton, Washington, Sebastian, and Faulkner.
Key Take Aways
  • In Arkansas, Medicare Supplement Plan G is the most popular plan for 2021.
  • There are 10 Medicare Supplement Plans in Arkansas to choose from.
  • Medicare Supplement plans do not use a network, go wherever Original Medicare is excepted.
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