Best Medicare Supplement Plans in Illinois
Medicare Supplement plans in Illinois, also called Medigap, help pay for deductibles and coinsurance that Original Medicare doesn’t cover.
Ten Medicare Supplement plans are designated by a different letter: A, B, C, D, F, G, K, L, M, and N.
Even though you have ten plan options, we found Medicare Supplement Plan G to be the best plan in Illinois based on the most comprehensive coverage and affordable rates.
The best rates on Plan G in Illinois are with Mutual of Omaha, coming in at $123 per month for a 65-year-old female.
What Do Medicare Supplement Plans Cover?
Below is a list of the top four plans with coverage highlights:
Medicare Supplement Plan G
- Allows you to see a U.S. doctor that accepts Original Medicare
- All Medicare Part A coinsurance, copays, and deductibles
- Part B coinsurance and copayments
- Plan G does not cover the Part B deductible.
- The ability to change doctors anytime
- The freedom to go to any hospital or facility for health care that takes Original Medicare
- Covers 100% Excess Charges
- Covers foreign travel emergency
Medicare Supplement Plan N
- Medigap Plan N in Illinois is the second most popular of the Medicare plans available for Illinois residents enrolled in the Medicare program.
- It does NOT cover Part B Deductible.
- In addition, it does NOT cover Excess Charges for Part B.
- Requires a $20 copay for office visits
- Requires a $50 copay for emergency room visits
Medicare Supplement High Deductible Plan G
- Same Benefits as Medicare Plan G
- Annual Deductible of $2,700
- Significantly Cheaper than Medicare Plan G
- High Deductible Plan G is Considerably Cheaper than High Deductible Plan F yet Covers everything in high deductible F except for the Part B Deductible.
Medicare Supplement Plan F
- Plan F was one of Illinois’s best Medicare Supplement plans for full coverage. However, It is only available to those eligible for Medicare coverage before 1/1/2020.
What’s the Most Popular Medicare Supplement Company in Illinois?
Based on our review of several key factors, Mutual of Omaha is Illinois’s top Medicare Supplement company.
Although Mutual of Omaha Medigap plans may provide some of the most affordable options in Illinois, cost should not be the only factor when selecting a Medicare Supplement provider. Every company has its unique pros and cons based on its coverage methods.
Mutual of Omaha stands out among the competition due to its cost-effectiveness, numerous plan options, household discounts on premiums, and excellent customer satisfaction ratings.
This chart compares Mutual of Omaha with other Medicare Supplement companies in Illinois. You’ll find helpful information here, like sample premiums and ratings.
| Plan G Cost | Company | Financial Strength |
|---|---|---|
| $139 | Mutual of Omaha | A+ |
| $167 | Aetna | A |
| $210 | Cigna | A |
| Plan N Cost | Company | Financial Strength |
|---|---|---|
| $99 | Mutual of Omaha | A+ |
| $113 | Aetna | A |
| $156 | Cigna | A |
When Can I Apply for a Medigap Plan?
An application can occur whenever but it is best within the six-month Medigap Open Enrollment period. During this time, you can compare plan options and gain the best pricing for your Medicare benefits. See below for age specifics.
65 or older: When you enroll in Part B (it can’t be changed or repeated), you can get a Medigap Plan in Illinois.
Turning 65: Medicare beneficiaries can be enrolled on the first day of the month they turn 65. At this time, your six-month enrollment period begins. Being enrolled in Part B will be necessary.
Under 65: Eligibility may not be possible under 65. For some, it will depend on their state because some states are required to sell Medigap insurance to those under 65. These policies are generally more expensive.
Medicare supplement plans do not have enrollment periods. A Medigap plan in Illinois or any state can be purchased anytime. Enrollment periods only apply to Part D Plans or Medicare Advantage plans. They also apply to someone aging into the Federal Medicare Program, retiring from group coverage, or losing a Medicare Advantage plan.
If you’ve received SSDI for two years in Illinois, you are automatically eligible to enroll in Medicare Parts A, B, and D.
It is important to remember that you have guaranteed issue rights. This means that an insurance company can’t refuse you a Medigap policy if your Medicare Advantage Plan leaves Medicare, stops providing in your area, or you move out of one service area and into another.
How to Choose a Medigap Plan in Illinois
As you compare plans available in your area, consider these factors:
Monthly premium: This is paid in addition to your Part B monthly premium. It is a set amount you pay each month, regardless of whether or not you use your benefits. The premium costs are determined based on several factors, such as the type of plan selected, age, gender, tobacco use, and state of residence.
Plan options: With every type of plan, you are offered basic coverage for Part A copays and coinsurance, at least a portion of the Part B copays and coinsurance, three pints of blood, and hospice care. However, other benefits may not be included. Check which benefits are most important to you before finalizing your purchase.
Insurance provider: Always check the ratings and reviews to understand other people’s experiences when looking for a carrier. You can also contact a company representative to discuss their customer service levels and responsiveness.
Extra discounts: Some insurance companies offer additional benefits or discounts once you become a member. For example, you may have access to discounted hearing aid providers or eyeglass suppliers.
Frequently Asked Questions:
Generally, the monthly premiums for these plans range from $50-$250 per month. The cost of Medicare Supplement plans in Illinois varies depending on the plan and insurance provider.
Aetna and Mutual of Omaha are two of the leading contenders. Both insurers have a long history of providing reliable and customer-oriented service for their patients.
The most popular Medicare Supplement plan in Illinois is Plan G.
Medicare generally only covers shorter stays in a skilled nursing or rehabilitation center while an adult is recovering from an illness or injury. However, it can also cover in-home rehab care a home health nurse or therapist performs.
Most people don’t pay a monthly premium for Medicare Part A (sometimes called “premium-free Part A“). If you buy Part A, you’ll pay up to $499 in 2023. If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $499 in 2023. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $274 in 2023. The standard Medicare Part B premium is $170.10 in 2023 (or higher, depending on your income)
Medicare is a federal health insurance program for individuals 65 and older, individuals under 65 with specific disabilities, and individuals of any age with End-Stage Renal Disease (ESRD).
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’re getting the best possible service. Review our Medicare Supplement Plans Comparison Chart and look deeper at the plans. Additionally, you can call us 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
- Medicare Savings for Qualified Illinois Beneficiaries
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.
