Many beneficiaries search for the best Medicare Supplement insurance plans in Georgia to fill in gaps for copayments, deductibles, and coinsurance. If you live in Georgia and have already qualified for Original Medicare insurance or are about to soon, here’s what you should know to maximize your benefits and minimize the rates you pay.
What Are the Top Five Medicare Supplement Plans in Georgia?
1. Best for full coverage: Plan F
Plan F has the most comprehensive Medicare benefits but is no longer available for sale. If you were newly eligible for Medicare before January 1, 2020 and enrolled in this plan, you are allowed to retain it.
2. Best comprehensive plan: Plan G
Plan G is the most comprehensive plan for beneficiaries who became eligible for Medicare after January 1, 2020. Some Medicare recipients who had the choice to buy Plan F would compare the two plans and decide that they liked the cost savings that Plan G offers.
3. Best Value: Plan N
If you want comprehensive coverage and are willing to trade some benefits for a lower monthly premium, Plan N is a great value.
Plan N does require the following copayments:
- Up to $20 for a doctor visit
- Up to $50 for emergency room visits (waived if the visit leads to admittance)
4. Best cost savings: High-deductible Plan F
High-deductible Plan F offers the same benefits as the original plan. Because benefits are not paid until you meet a high deductible, the premium is substantially lower. If you are in overall good health and do not anticipate a lot of medical expenses, you may find this trade-off worthwhile. In 2021, the deductible is $2,370. Once you satisfy this deductible, the plan will cover 100% of the costs.
5. Lowest premiums: High-deductible Plan G
High-deductible Plan G offers the same benefits as the original plan. Because benefits are not paid until you meet a high deductible, the premium is substantially lower. If you are in overall good health and do not anticipate a lot of medical expenses, you may find this trade-off worthwhile. In 2021, the deductible is $2,370. Once you satisfy this deductible, the plan will cover 100% of the costs.
What is the Best Supplemental Insurance to go with Medicare?
What is the most popular Medicare Supplement plan in Georgia for 2021?
The Medicare Supplement plan in Georgia with the highest enrollment had been Plan F but is trending toward Plan G.
Which plan has the most benefits in Georgia?
Plan G has earned its popularity by offering rich benefits at reasonable rates. Plan F is a better plan if you are looking for complete coverage.
Best for comprehensive coverage: Plan G
With Medigap Plan G, you are not restricted to a network of health care providers. You can see any doctor who accepts Original Medicare.
Other benefits include:
- Flexibility to change doctors for any reason
- Freedom to receive services at any hospital or medical facility that accepts Original Medicare
- Ability to see a specialist without needing to first get a referral
Best full coverage: Plan F
Plan F is the top choice because it is the only Medigap plan that provides some level of coverage for each supplemental benefit. This includes coverage of the Part B deductible.
After January 1, 2020, Medigap was no longer allowed to cover the Part B deductible. Of the current plan options, Plan G, which mirrors every other benefit Plan F covers, is the most comprehensive Medicare Supplement insurance plan in Georgia.
How do I choose the best plan for me?
Our policy guides are happy to walk you through the selection process and help you sort through the choices based on your health status, location and budget.
Which Medigap company offers the best rates in Georgia?
The most advantageous plan is not the same for everyone and for every location. Our policy guides can quickly provide you with a quote specific to your needs.
What Is the Average Cost of a Medicare Supplement Plan in Georgia?
For illustration purposes, the following data shows rates for Medicare Supplement Insurance plans in Georgia applicable to a 65-year-old female nonsmoker living in DeKalb County, zip code 30002. For this sample, the average monthly rate is about $127.
|Georgia Medigap Plan||Monthly Premium Range||Average Monthly Premium|
|Medicare Plan N||$96.42 – $123.00||$106.91|
|Medicare Plan G||$111.75 – $139.82||$127.69|
|Medicare Plan B||$124.12 – 169.25||$146.69|
Common Georgia Medicare Supplement Plan Questions
What Companies Sell Medigap Plans in Georgia?
Following is a sample list of private health insurance companies that sell Medigap policies in Georgia. The ratings refer to the financial strength of these insurers as assessed by A.M. Best:
- Cigna: A (excellent)
- Aetna: A (excellent)
- Mutual of Omaha: A+ (superior)
- Humana: A (excellent)
When Can I Apply for a Georgia Medicare Supplement Plan?
The ideal time for Medicare beneficiaries to purchase a Medicare Supplement plan in Georgia is during the six-month Medigap Open Enrollment Period. During this time, you are likely to have access to better policy choices and rates because your plan options are not limited by any health conditions you may have.
The Medigap Open Enrollment Period begins the first of the month in which your 65th birthday falls. You must be enrolled in Medicare Part B as well as Medicare Part A. If you miss this window to sign up and then apply later, you are not guaranteed that a Medicare insurance company will accept your application.
If you apply after six months from your eligibility effective date, your application will likely go through a medical underwriting process. This means you may be subject to a denial. If you are approved, you may have to pay a higher premium.
If you have a guaranteed issue right, the Medicare insurance company cannot refuse to sell you a Medigap plan in Georgia. Generally, guaranteed issue rights apply if you are losing your current health coverage because you have moved out of the service area or the plan no longer covers your service area. A licensed insurance agent can advise if guaranteed issue rights may apply in your case.
It is important to understand that the open enrollment periods for Medicare Advantage and Part D (prescription drug plans) do not apply to Medigap policies.
Which is better, Medicare Plan N or Plan G?
When you compare Plan N and Plan G, you will find that both are good plan options. Plan G offers more coverage but requires a slightly higher monthly premium than Plan N.
With the lower premium, Plan N requires copayments for emergency room visits as well as visits to your doctor’s office. Also, Plans G covers Medicare Part B excess charges whereas Plan N does not.
What is Medicare Supplement Insurance?
The availability of Medicare Supplement plans in Georgia provides Medicare recipients with the option to buy coverage that reduces out-of-pocket costs like deductibles, coinsurance and copayments. This type of plan is a supplement, not a replacement, for Original Medicare. Medigap policies do not include prescription drug coverage, but you can buy a stand-alone Medicare drug plan.
When you buy one of the Medicare Supplement plans in Georgia, you retain your Medicare membership with an extra layer of protection against cost-sharing payments that add up over time. Insurance companies make supplemental insurance plans available to beneficiaries so they have the option of expanding on the coverage under Original Medicare.
Medicare Supplement insurance plans are also known as Medigap policies because they fill some of the gaps found in Original Medicare. In addition to out-of-pocket costs for covered services, some Medigap policies cover items
Is Plan G the Best Medigap Plan in Georgia?
How much does Plan G cost?
For a 65-year-old female nonsmoker living in the 30002 zip code, the 2021 Plan G average monthly premium is $127.69.
What is the Plan G deductible in 2021?
Medigap Plan G does not have deductibles. However, if you enroll in Plan G, you will have to pay the Medicare Part B deductible. For 2021, the Part B deductible is $203. Plan G covers 100% of the Part A deductible.
What does it cover?
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.
State Medicare Resources
Georgia Enrollment Statistics
- Over a million Georgians are enrolled in enrolled in Medicare Part A and Part B.
- Over 300,000 Georgians have Medigap policies.
- The most popular of the Medicare insurance plans in Georgia is Plan F.
- The five largest Georgia counties include Fulton, Gwinnett, Cobb, DeKalb, and Chatham Counties
- There are 10 Medicare Supplement Plans in Georgia to choose from.
- In Georgia, Medicare Supplement Plan G is the most popular plan.
- Medigap Plans do not use a network, go wherever Original Medicare is excepted