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Medicare Supplement Plans in Florida

Medicare Supplement plans in Florida help Medicare beneficiaries control the ever-rising cost of health care. Medicare Supplemental insurance, also called Medigap health plans, pays for out-of-pocket costs such as deductibles and copays that the federal Medicare program doesn’t cover.

Medicare enrollees can buy a Medicare Supplement plan through a private insurance company. Insurance agents sometimes refer to an insurance carrier that sells Medigap plans as a Medicare insurance company.

Nearly 1 million Medicare beneficiaries have opted to enroll in a Medigap plan in Florida. To be eligible, you must first be enrolled in Medicare Part A and Part B.

What are Medicare Supplement Plans in Florida?

Medigap policies supplement the Medicare benefits you receive through Original Medicare. Here are some of the benefits Medigap Supplement plans in Florida cover:

  • Skilled nursing facility coinsurance
  • Medicare Part A coinsurance and additional days in the hospital
  • Home health care
  • Medicare Part A and Part B deductibles
  • Hospice care coinsurance
  • Part B excess charges
  • Foreign travel emergency

Florida offers 10 standardized Medicare Supplement plans. Standardized means that Medigap Plan N features the same benefits in Jacksonville as it does in Tampa. These 10 plans are also standardized in 47 states. Minnesota, Massachusetts, and Wisconsin offer different Medicare Supplement plans.

When Can I Enroll in a Medicare Supplement Plan in Florida?

The ideal time for beneficiaries to buy a Medicare Supplement plan in Florida is during the Medigap Open Enrollment period. This period starts the first of the month in which you turn 65 or older. To buy a policy, you need to be enrolled in both Medicare Part A and Medicare Part B.

You have six months to sign up for a Medigap plan once you become eligible. If you miss this window, you may have to go through medical underwriting, and your premium may be impacted by certain health conditions. In some cases, guaranteed issue rights apply. These are rights you have in specific situations that require insurers to sell you a Medicare Supplement Insurance plan in Florida. An example is if you lose your health care benefits because your coverage is no longer available in your service area.

What If I Want to change Medicare Supplement plans?

One great advantage of Medicare Supplement insurance plans is that you don’t have to re-enroll each year. Once you join a Medigap plan, you can keep it as long as you pay your premiums. You can keep the same Medigap plan if you move, but your rate might change based on costs in your new location.

You also don’t have to change Medigap policies if your insurance company stops offering your Medicare Supplement plan to new beneficiaries. A careful comparison of plans is warranted, however. Current Medicare Supplement plans in Florida might have extra benefits that your older plan doesn’t offer.

How Much Do Medigap Policies Cost in Florida?

As an example, following is the 2022 average monthly premium for a 65-year-old female nonsmoker living in Volusia County based on three of the available Medicare Supplement plans in Florida:

Premiums will vary based on location and health data.

65-year-old female nonsmoker living in Volusia County-Year Old Female
Plan Type Premium Range
Plan G$181.89
Plan N$145.72

What Are the Most Popular Medicare Supplement Plans in Florida?

Plan F

Plan F has the most comprehensive benefits. However, it is not available to people who became eligible for Medicare on or after January 1, 2020. If you were Medicare-eligible before 2020 and enrolled in Plan F, you are allowed to keep it.

Plan G

When F was discontinued as of January 1, 2020, Medigap Plan G became the most comprehensive coverage for Medicare recipients. If you have F, you may consider switching to Plan G to take advantage of a reduced premium.

Plan N

In 2022, Plan N is great for individuals who want comprehensive coverage. However, there is a trade-off between monthly premium savings and reduced benefits. Plan N pays the Medicare Part B coinsurance in full, but you are responsible for Medicare Part B copayments as follows:

  • Up to $20 for a visit to your doctor’s office
  • Up to $50 for emergency room visits (waived if you are admitted)

Medigap Enrollment in Florida:

  • 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 2018.
  • In 2018, approximately 2 million people were enrolled in Medicare Advantage and Medicare Supplement insurance plans in Florida.
  • In 2015, approximately 800,000 people were enrolled in Medigap plans in Florida.

Who sells Medicare Supplement Plans in Florida?

There are over 50 insurers that sell Medicare Supplement insurance plans in Florida.

Following are four companies that account for most of the Medicare Supplement insurance sold in Florida along with A.M. Best ratings for financial strength (ability to meet ongoing insurance obligations):

  1. Cigna: A (excellent)
  2. Aetna: A (excellent)
  3. Mutual of Omaha: A+ (superior)
  4. Florida Blue Cross Blue Shield (Florida residents only): A+ (superior)

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. 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.

Florida Medicare Resources

Key Take Aways
  • In Florida, Medicare Plan G is the most popular plan for 2022.
  • Medigap plans are guaranteed renewable as long as you pay your premiums.
  • Medicare Supplement plans do not use a network, go wherever Original Medicare is excepted.
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