Best Medicare Supplement Plans in Florida – F, G, N Benefit Rates Chart
The best Medicare Supplement insurance plans in Florida can simplify your healthcare by picking up copayments, coinsurance, deductibles and excess charges that aren’t covered by Original Medicare insurance. Once you reach your 65th birthday month and are enrolled in Medicare part A and Medicare Part B, you’re eligible to apply for Medigap plans in Florida.
Medicare Supplement plans allow you to pay convenient monthly premiums without worrying about additional out-of-pocket expenses. Your medical provider will first receive payments from your Original Medicare insurance coverage. Remaining charges are processed through your Medigap plan. Medicare Supplement plans in Florida also free you to see the doctors of your choice anywhere in the country. Medigap policies may also cover emergency medical expenses accrued during international travel.
Best Types of Medicare Supplement Plans in Florida by Chart
The federal government standardizes 10 Medicare Supplement insurance plans listed on the chart below. Each plan offers the same terms of coverage to each beneficiary, and the insurance company cannot alter those pre-determined benefits. The plans are named with letters, such as Medicare Plan A and Medigap Plan F. Make sure that you only purchase Medigap policies from a licensed Medicare insurance company that is authorized to underwrite Medicare Supplement insurance plans in Florida.
The first step to selecting the best Medicare Supplement plan in Florida is to study the benefits for each Medigap plan on the chart. Insurance companies aren’t required to offer all 10 plans, but it’s easy to see which plans are readily available when you compare Medigap rates online.
Benefits & Rates on Medicare Supplement Plan F in Florida:
For the most comprehensive plan, choose Plan Medigap plan F in Florida. Medicare Supplement plan F rates in Florida can be a bit higher than plan G. It offers these key benefits:
- 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
- Excess charges for Medicare Part B
- First three pints of blood needed for a medical procedure
- Coinsurance for care in a skilled nursing facility
- Limited foreign travel emergency care
Benefits of Medicare Supplement Plan G in Florida:
Medigap Plan G in Florida benefits are almost as comprehensive of a plan as Plan F, but it’s cheaper:
- Does NOT cover Medicare Part B deductible
Benefits of Medicare Supplement Plan N in Florida:
Medigap Plan N in Florida doesn’t offer as much coverage as Plan G or Plan F, but its monthly premiums are often significantly cheaper:
- Does NOT cover Part B Deductible
- Does NOT cover Excess Charges for Part B
- Requires $20 copay for office visit benefits
- Requires $50 copay for Emergency room visits
Medicare Supplement Plans in Florida: When Can I Enroll?
In general, you’re eligible for Medicare Supplement insurance plans in Florida once you turn 65 and enroll in Medicare Part A and Part B. Once you meet those requirements, you have three options to enroll in Florida Medigap plans:
- Enroll during your initial enrollment period. This period opens the first day of the month that you turn 65or you are under age 65 and Medicare-eligible due to a disability. It closes six months later. The insurance company is legally required to accept your application for Medicare Supplement insurance plans during this period. The underwriter cannot ask questions about your medical history or increase rates based on pre-existing conditions or other medical issues. You’re likely to receive the best rates during the initial enrollment period, so mark your calendar and don’t miss it.
- Enroll during a special enrollment period. If you decide not to enroll for your best Medicare Supplement plan in Florida during the Medigap open enrollment period, you may qualify for special enrollment at a later date. You must meet specific criteria to earn a special period, such as losing your private health insurance or moving to a new state. During a special enrollment period, you receive the same rate protections that are extended during the initial enrollment period. That includes guaranteed enrollment and no medical underwriting to determine rates.
- Enroll in Medigap plans in Florida at any time. You can apply Medicare Supplement insurance plans in Florida at any time, but you won’t receive rate protections outside of an open or special enrollment period. That means that the insurance company will ask questions regarding your medical history and may use that information when determining your rate. The insurance company may also deny your application for any reason:
In addition to signing up for a Florida Medicare Supplement:
- Sign up for prescription drug coverage when you first sign up for Medicare. By signing up for a Medicare Part D drug plan right away, you can enjoy coverage for prescription medication right away. You can also avoid future penalties.
- Sign up for a prescription drug plan at any time. You can actually sign up for Medicare Part D at any time, but you may be penalized for it later.
Lastly, consider signing up for life insurance if you haven’t already. It’s not too late to sign up for a plan, but you can often buy a bigger policy at a more affordable rate if you buy at a younger age.
Medicare Supplement Plans in Florida: Enrollment Statistics
- The five largest counties in Florida are Miami-Dade County, Broward County, Palm Beach County, Hillsborough County, and Orange County.
- Close to 2.5 million Florida beneficiaries were enrolled in Original Medicare insurance in 2020.
- Approximately 2 million people were enrolled in Medicare Advantage and Medicare Supplement insurance plans in Florida.
- Approximately 800,000 people were enrolled in Medigap plans in Florida.
Florida Medicare Resources
- Florida SHINE – Get answers to your healthcare questions and receive help selecting the best Medicare supplement insurance plan in Florida. Specialized volunteers are available to help all seniors in Florida.
- www.medicare.gov – The Medicare resource through the United States government. This site will help you learn about the Medicare benefits, and it provides information about how to sign up for the Medicare program.
- CMS: Centers for Medicare and Medicaid Services – Offers information about Medicare and Medicaid.
No longer do you have to call each individual company after signing up for Medicare Parts A and B through the federal Medicare program. Instead, you can give us a call. We’ll talk to you about the best Medicare Supplement plans in Florida and how they work. We’ll also help you find affordable Medigap insurance after talking to you about your plan options.
If you want information about an HMO or PPO, such as through Medicare Advantage plans, we can help you explore these options, too. We help Medicare beneficiaries like you every day, and we’re happy to help you, too, if you give us a call.
Related Topics for Comparing Medicare Supplement Companies and Plans in Florida
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 nation’s top-rated carriers such as Florida Blue. 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.