Speak with a licensed agent: 1-888-414-4547
Find Affordable Medigap Plans in Arkansas

Talk to a Licensed Insurance Agent

(888) 414-4547

Best Medicare Supplement Plans in Arkansas – F, N & N Benefits

Take a moment to explore the best Medicare Supplement insurance plans in Arkansas. Arkansas Medigap policies 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.

Best Types of Medicare Supplement Plans in Arkansas

As in all states but three, choices for Medicare Supplement insurance plans in Arkansas consist of the 10 standardized plans. These have letter names that range from Plan A through N. Each of the Medicare Supplement plans will provide some of the same basic benefits. They vary in the extra coverage that they offer. In general, you will have to pay higher rates for Medigap policies with the most benefits.

These tips might help you or another Medicare beneficiary choose the best Medicare Supplement plan in Arkansas for your own needs:

  • Typically, Plan F has been popular. Plan F offers the most robust coverage of any of the Arkansas Medicare Supplement insurance plans and also comes with the highest premiums.
  • Some people enjoy lower rates because they accept more cost sharing with other popular alternatives. For instance, there is also a high-deductible version of Plan F.
  • There are different top insurance companies that offer Medicare plans, from Blue Cross Blue Shield to UnitedHealthcare and more. Arkansas seniors have various companies to choose from when shopping for health plans.

When you decide to compare Medigap polices, you will also need to compare drug coverage. Arkansas Medicare Part D plans will make sure you get help paying for typical prescriptions. You compare rates and benefits of prescription plans independently of Medigap plans in Arkansas. Most of the Medicare insurance companies that sell Medigap plans will also sell Part D, but you aren’t forced to buy both kinds of coverage from the same insurance company.

Benefits of Medicare Supplement Plan F in Arkansas:

For plan benefits that offer the most coverage on top of Medicare Parts A and B, you’re going to want to look into Medigap Plan F in Arkansas. This is the most comprehensive Medicare Supplemental policy that you can choose, and you can choose a standard plan or a plan with a high deductible if you’d prefer.

  • Part A hospital coinsurance
  • Hospital costs up to 365 days after benefits through Original Medicare are exhausted
  • Part A hospice care copays or coinsurance
  • Part A deductible
  • Part B deductible
  • Part B preventive office visit coinsurance
  • Part B coinsurance or copays
  • Medicare Part B excess charges
  • First three pints of blood needed for a medical procedure
  • Coinsurance for care in a skilled nursing facility
  • Limited foreign travel emergency care

The main pro of this health insurance plan is that you don’t have to worry about expensive and unexpected out of pocket costs throughout the year. The main disadvantage is that the monthly premium is higher than most Supplements for the federal Medicare program. You might decide that it’s worth it for the more comprehensive coverage.

Benefits of Medicare Supplement Plan G in Arkansas:

Insurance agents often recommend Medigap Plan G in Arkansas. It offers robust coverage benefits that are almost equal to what Plan F offers. However, it is a slightly more budget-friendly plan.

  • Does NOT cover Medicare Part B deductible 

Benefits of Medicare Supplement Plan N in Arkansas:

Purchasing Medigap Plan N in Arkansas from United Healthcare, Blue Cross Blue Shield or another insurance company will provide you with some extra coverage. You will be required to pay copays for office visits and emergency room visits, and some benefits that are covered by Plan F aren’t covered. Many people like the cheap monthly premiums for Medicare Supplement Plan N, though:

  • Does NOT cover Part B Deductible
  • Does NOT cover Excess Charges for Part B
  • Requires $20 copay for office visits
  • Requires $50 copay for emergency room visits 

When to Enroll in Medicare Supplement Plans in Arkansas

Simply being enrolled in Part A and Part B of Original Medicare insurance is enough to qualify for Medicare Supplement insurance plans in Arkansas. However, unless you have a Medigap Open Enrollment Period, you get declined by the insurance company or charged higher rates because of health issues.

That means that the best time to apply for Medigap plans in Arkansas is during times when you have a guarantee that the Medicare insurance company must accept the application. Examples of these Guaranteed Acceptance Periods for Arkansas Medicare Supplement  plans include:

  • During the Medicare Initial Enrollment Period at age 65, a beneficiary can enroll in any local Medigap plan. People who qualify for Medicare because of a disability don’t always get the same protections and often choose Medicare Advantage instead.
  • After the Initial Enrollment Period, a beneficiary may qualify for a Guaranteed Enrollment Period if they lose coverage for certain circumstances. These could include losing coverage from a job, moving to Arkansas from another state, or having another insurer cancel their plan.

Obviously, the best time to compare and apply for Arkansas Medicare Supplement plans is when the government guarantees enrollment. However, a Medicare insurance company will accept applications at any time from Medicare beneficiaries. Relatively healthy individuals may get accepted, but there are no guarantees. Outside of a Guaranteed Enrollment Period, you could get your application declined or get accepted at higher premium rates.

While you’re looking into Supplement plans, you should also look into Medicare Part D prescription drug coverage. A prescription drug plan will not be a part of your Supplement, despite the fact that it’s included in some Medicare Advantage plans.

Enrollment Statistics for Medicare Supplement Plans in Arkansas

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.

Arkansas Resources for Medicare and Medigap

This official Arkansas document can help you understand the way that Medicare and Medigap function in this state:

Related Topics for Comparing Medicare Supplement Companies and Plans in Arkansas

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 AetnaCigna 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.

Need Help?

Call to speak with a licensed insurance agent now.

(888) 414-4547