Medicare Supplement Plans in Delaware
Medicare Supplement plans in Delaware help cover out-of-pocket costs that Original Medicare doesn’t, such as copays and coinsurance. They also offer extra coverage for excess charges or medical emergencies during your travels abroad.
Depending on your age, gender, residing state, and insurance provider, Medigap plans can differ in cost and availability. Delaware’s state laws dictate the regulations of these policies and a commissioner of insurance within the state.
If you are considering a Delaware Medigap plan, it is essential to understand the elements that can influence its affordability and availability.
Key Takeaways:
- Medigap Plan G is the most popular plan in Delaware.
- Plan G premiums range from $142 to $250 monthly.
- BlueCross BlueShield of Delaware offers the cheapest Plan G rates.
What Is the Most Popular Medigap Plan in Delaware for 2023?
Medigap Plan F and Plan G are the most popular plans in Delaware.
Plan F, which historically had the highest enrollment with over 30,215 beneficiaries, is no longer available to new Medicare recipients due to changes implemented in 2020. Consequently, Plan G has become the most popular choice among new beneficiaries, with over 16,002 enrollees. It is worth noting that Plan F cannot be purchased if your Medicare start date is after 2020.
Plan N, with over 10,882 enrollees, is the second most popular plan for new beneficiaries. Among the less popular options, Plan K has 704 enrollees, Plan L has 245 enrollees, Plan A has 450 enrollees, and Plan C has 1,448 enrollees.
Which Medigap Company in Delaware Has The Cheapest Rates?
Based on our review of several key factors, we concluded BlueCross BlueShield of Delaware has the lowest prices in Plan G.
While BlueCross BlueShield of Delaware Medigap plans may be affordable in Delaware, it’s important to consider different factors when selecting the best Medicare Supplement company.
Each insurance provider has its own advantages and disadvantages based on coverage options. So, it’s crucial to carefully evaluate and compare these aspects before deciding.
This chart compares BlueCross BlueShield of Delaware with other Medicare Supplement providers. It includes premium examples and ratings to help you make informed decisions.
| Company | AM Best Rating | Plan G Rates | Plan N Rates | HDG Rates | Plan F Rates |
|---|---|---|---|---|---|
| BlueCross BlueShield of Delaware | NR | $134.80 | $113.90 | n/a | $167.80 |
| Ace Property and Casualty Insurance Company | A++ | $144.00 | $110.08 | $57.67 | $166.92 |
| American Benefit Life Insurance Company | A- | $148.56 | $108.59 | n/a | $181.09 |
| AFLAC | A+ | $154.48 | $114.40 | n/a | $167.64 |
| Capitol Life Insurance Company | A- | $157.25 | $110.08 | n/a | $197.14 |
| Elips Life Insurance Company | A | $157.92 | $118.58 | $63.17 | $182.58 |
| Manhattan Life Assurance Company | B++ | $158.67 | $117.67 | n/a | $181.00 |
| Allstate Health Solutions | A+ | $161.09 | $122.14 | n/a | $188.71 |
| United of Omaha Life Insurance | A+ | $161.38 | $119.51 | $43.57 | $176.00 |
| United States Fire Insurance Company | A | $161.92 | $118.00 | n/a | $191.42 |
| Accendo Insurance Company | A | $163.77 | $128.28 | n/a | $187.67 |
| Heartland National Life Insurance Company | NR | $165.42 | $120.35 | n/a | n/a |
| Cigna Health & Life Insurance Company | A | $167.18 | $118.12 | $59.49 | $199.06 |
| Guarantee Trust Life Insurance Company | A- | $172.62 | $141.82 | n/a | $212.73 |
| Union Security Insurance Company | B++ | $174.94 | $129.25 | n/a | $226.50 |
| Humana Insurance Company | A- | $177.90 | $150.48 | $48.61 | $193.52 |
| Aetna Health Insurance Company | A | $183.68 | $118.70 | $59.14 | $200.09 |
| Bankers Fidelity Life Insurance Company | A- | $215.16 | n/a | n/a | $338.40 |
| United American Insurance Company | A | $251.00 | $203.00 | $32.00 | $297.00 |
*Above reflects a sample quote for a 65 y/o male in Delaware. Actual rates may vary.
How Much Do Medigap Plans Cost in Delaware?
The best rate on Plan G: $134.80 with BlueCross BlueShield of Delaware.
Cheapest Medigap Plan N: $108.59 with American Benefit Life Insurance Company.
Lowest priced High Deductible Plan G: $32.00 with United American Insurance Company.
Best Plan F rate: $166.92 with ACE Property and Casualty Insurance company.
Your monthly premium will vary based on your insurer and how they rate premiums.
Difference Between Medicare Advantage & Medigap Insurance
Medicare Advantage and Medigap are two different options when considering supplemental insurance to Original Medicare. Medicare Advantage, also known as Part C, typically provides coverage for the same services as Parts A and B but may also include additional benefits like dental, vision, or prescription drug coverage. It’s an all-in-one plan managed by private insurance companies.
On the other hand, Medigap, also known as Medicare Supplement, is designed to cover the “gaps” in Original Medicare, including deductibles, co-pays, and coinsurances. It does not provide prescription drug coverage, so you may need to purchase a separate Part D plan.
It’s important to note that you can’t have both a Medicare Advantage Plan and a Medigap policy at the same time.
Enrolling in A Medigap Plan
To secure the most competitive price for your Medicare Supplement Insurance, purchasing a plan promptly after enrolling in Parts A and B of Medicare is advisable.
For individuals aged 65 or older who have enrolled in Parts A and B of Medicare, Medigap Open Enrollment commences on the first day of your birthday month and extends for a duration of six months. During this window, insurance companies are prohibited from utilizing medical underwriting to determine acceptance or impose varying prices.
Certain circumstances grant you guaranteed rights to procure a Medigap policy, irrespective of your health status or preexisting conditions. These situations encompass:
- Relocating outside the coverage area while enrolled in a Medicare Advantage Plan or Medicare SELECT Plan
- Termination of your existing Medicare Advantage Plan’s Medicare coverage
- Conclusion of your non-Medicare insurance plan
- Exercising your trial right period
- Termination of plan coverage not due to your fault
To enroll in a Medigap plan, reach out to one of our agents to confirm your open enrollment period or guaranteed issue rights. Afterward, complete the application and select your desired policy start date.
Frequently Asked Questions:
Aetna, United Healthcare, and Mutual of Omaha are some of Delaware’s most respected insurance companies offering comprehensive Medicare Supplement coverage.
Plan G in Delaware can range from $142-$250 monthly. The cost varies depending on several factors, including age and provider.
An alternative to a Medicare Supplement plan is a Medicare Advantage plan. Private insurance companies offer Medicare Advantage plans and can cover hospital, medical, and other healthcare services.
Next Steps
We specialize in guiding Medicare beneficiaries through their Medicare insurance options. We work with some of the nation’s top-rated Medigap carriers to ensure you get the best possible service. Take a deeper look at the plans by reviewing our Medicare Supplement Plans Comparison Chart. Additionally, you can give us a call today to learn more or request a quote online.
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
- Delaware Medicare Supplement Insurance Guide
- Delaware Medicare Assistance Bureau
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.
