Best Medicare Supplement Plans in Georgia 2024
Georgia offers ten standardized Medicare Supplement plans. Standardization guarantees consistent benefits, regardless of whether you purchase a Medigap plan in Atlanta or Columbus.
In Georgia, Medicare Supplement Plan G offers the best benefits for 2024.
Plan N and High Deductible Plan G come in a close second, based on value and lower monthly rates.
Here are the top four plans with some coverage highlights:
Best Overall Plan: Medicare Supplement Plan G
- Medicare Plan G is the most comprehensive plan for Medicare beneficiaries.
- Certain Medicare beneficiaries who opted for Plan F would evaluate both plans and conclude that they prefer the cost-saving benefits provided by Plan G.
- Over 313,000 individuals have chosen Plan G, making it the most popular enrollment option in Georgia.
Best Value: Medicare Supplement Plan N
- Medicare Plan N is a great value if you want comprehensive coverage and are willing to trade some benefits for a lower monthly premium.
- Medicare Part B deductible and Part B excess charges are not covered.
- Covers deductible for Medicare Part A.
- More than 36,500 Medicare enrollees have opted for Plan N.
Best Low-Cost Plan: High-Deductible Plan G
- High-Deductible Plan G offers the same benefits as the original Plan G.
- The premium is substantially lower than the original plan because benefits are unpaid until you meet a high deductible. You may find this trade-off worthwhile if you are in good health and do not anticipate many medical expenses.
- In 2023, the deductible is $2,700. Once you satisfy this deductible, the plan will cover 100% of the costs.
Medicare Supplement Plan F
- Medicare Plan F is the most comprehensive Georgia Medigap insurance policy for beneficiaries with a Medicare Part B effective date before January 1, 2020.
- Over 159,200 Medicare beneficiaries are enrolled in Plan F.
What’s the Most Popular Medicare Supplement Company in Georgia?
Our review shows Medico Insurance Company offers the most competitive rates for Plan G and Plan F in Georgia.
While Medico Medigap plans are affordable, cost shouldn’t be the sole factor in selecting a Medicare Supplement provider. Each company has its pros and cons based on coverage methods.
This chart compares Medico with other Medicare Supplement companies in Georgia, providing helpful information like sample premiums and ratings:
| Company | AM Best Rating | Plan G Rates | Plan A Rates | Plan B Rates | Plan F Rates |
|---|---|---|---|---|---|
| Medico Insurance Company (Preferred) | A | $119.85 | $128.34 | n/a | $145.10 |
| Allstate Health Solutions | A+ | $125.15 | $120.03 | n/a | $150.01 |
| Humana Insurance Company | A- | $126.09 | $157.62 | n/a | $146.92 |
| Ace Property and Casualty Insurance Company | A++ | $128.17 | $126.92 | n/a | $148.92 |
| American Home Life Insurance Company | B++ | $133.44 | $136.34 | n/a | $156.26 |
| American Benefit Life Insurance Company | A- | $135.10 | $136.14 | n/a | $171.90 |
| Anthem Blue Cross and Blue Shield – Georgia | A | $137.00 | $109.00 | n/a | $238.00 |
| AFLAC | A+ | $137.39 | $140.94 | n/a | $158.23 |
| United States Fire Insurance Company | A | $139.00 | $138.67 | $166.58 | $168.25 |
| Continental Life Insurance Company of Brentwood, Tennessee (Aetna) | A | $139.36 | $112.29 | n/a | $163.02 |
| Cigna National Health Insurance Company | A | $143.54 | $125.05 | n/a | $161.03 |
| Elips Life Insurance Company | A | $146.00 | $144.50 | n/a | $173.67 |
| Philadelphia American Life Insurance Company | A- | $148.02 | $142.02 | n/a | $221.94 |
| SBLI USA Life Insurance Company, Inc (Prosperity) | A- | $150.62 | $148.70 | n/a | $175.84 |
| Mutual of Omaha Insurance Company | A+ | $153.29 | $121.55 | n/a | $222.53 |
| Manhattan Life Assurance Company | B++ | $162.00 | $164.17 | n/a | $201.17 |
| Capitol Life Insurance Company | A- | $162.44 | $160.82 | n/a | $196.76 |
| Union Security Insurance Company | B++ | $166.44 | $171.00 | n/a | $196.76 |
| Bankers Fidelity Assurance Company (Preferred) | A- | $175.08 | $193.99 | n/a | $264.51 |
| Guarantee Trust Life Insurance Company | A- | $208.04 | $194.76 | n/a | $271.33 |
| United American Insurance Company | A | $267.00 | $145.00 | $275.00 | $327.00 |
| Assured Life Association | NR | $298.65 | $272.17 | $311.90 | $397.35 |
| GPM Health and Life Insurance Company | A- | A | $181.72 | n/a | $262.00 |
Does Tobacco Use Affect Your Medigap Coverage?
Tobacco usage can have a significant impact on your Medigap coverage. It’s worth noting that insurance companies can charge higher premiums if you’re a smoker or use any form of tobacco.
Tobacco users are considered at higher risk due to potential health issues. The amount of the rate increase can vary depending on the insurance company and state regulations.
However, during the Medigap Open Enrollment Period (which starts on the first day of the month when you turn 65 or older and are enrolled in Medicare Part B), you have the guaranteed right to enroll in a Medigap policy.
This means an insurance company can’t deny you a Medigap policy, charge higher premiums based on your health conditions or tobacco use, or make you wait for coverage to start. There might be exceptions for pre-existing conditions.
Questions?
We’re experts in helping Medicare beneficiaries navigate their Medicare insurance options. We partner with some of the best Medigap carriers in the country to ensure you receive top-notch service.
Check out our Medicare Supplement Plans Comparison Chart and dive into further details of these plans.
Plus, you can give us a call today to learn more or conveniently request a quote online.
Frequently Asked Questions:
Medico Insurance Company has the best rates in Georgia for Plan G and Plan F.
Medicare Supplement plans can range from $50 to $2311 per month in individual premiums. The cost of Medicare Supplement plans in Georgia varies depending on various factors, such as the type of plan chosen, age, location, and medical history.
Medigap plans can be costly and may not suit everyone. They are typically limited to individuals aged 65 and older and can involve high premiums and deductibles, which may be unaffordable for some. Moreover, these plans do not cover long-term care, vision, and dental expenses.
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
- Georgia Medicare Financial Assistance Programs
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.
