Best Medicare Supplement Plans in Illinois 2024
In Illinois, Medigap plans cover expenses not covered by Original Medicare. There are ten Medicare Supplement plans in Illinois, each designated by a letter: A, B, C, D, F, G, K, L, M, and N.
While there are several options, we recommend Medicare Supplement Plan G as the best choice in Illinois for 2024. It offers the most comprehensive coverage at an affordable rate.
Ace Property and Casualty Insurance Company offers the best rates for Plan G in Illinois, with a monthly premium of just $115.
To help you compare your options, we’ve compiled a list of the top four plans and their coverage highlights.
Medicare Supplement Plan G
- Plan G has close to 282,000 individuals enrolled.
- Allows you to see a U.S. doctor that accepts Original Medicare.
- Covers all Medicare Part A coinsurance, copays, and deductibles.
- Covers Part B coinsurance and copayments.
- Ability to change doctors anytime.
- Freedom to go to any hospital or facility for health care that takes Original Medicare.
- Covers 100% excess charges and foreign travel emergencies.
- Does not cover the Part B deductible.
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.
- There are more than 55,350 people who have enrolled.
- It does not cover the Part B deductible or Part B excess charges.
- 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 $2,800.
- 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.
- Plan F has over 402,300 enrollees.
What’s the Most Popular Medicare Supplement Company in Illinois?
After carefully evaluating various factors, we have determined that Ace Property and Casualty Insurance Company is Illinois’s best Medicare Supplement provider.
While their Medigap plans may offer affordable options, it is important to consider other factors, such as coverage methods, when selecting a provider.
To help with this decision, we have included a comparison chart of Ace and other Medicare Supplement companies in Illinois, which includes sample premiums and ratings for your convenience.
| Company | AM Best Rating | Plan G Rates | Plan N Rates | Plan C Rates | Plan F Rates |
|---|---|---|---|---|---|
| SBLI USA Life Insurance Company, Inc (Prosperity) | A- | $115.42 | $85.73 | n/a | $129.31 |
| Ace Property and Casualty Insurance Company | A++ | $115.50 | $86.50 | n/a | $130.00 |
| Medico Life and Health Insurance Company (Preferred) | A | $115.91 | $90.02 | n/a | $140.33 |
| Elips Life Insurance Company | A | $121.00 | $93.42 | n/a | $146.58 |
| AFLAC | A+ | $122.38 | $93.66 | n/a | $150.65 |
| United States Fire Insurance Company | A | $123.50 | $86.42 | n/a | $148.83 |
| American Home Life Insurance Company | B++ | $124.46 | $87.70 | n/a | $144.43 |
| American Benefit Life Insurance Company | A- | $125.71 | $92.19 | n/a | $161.35 |
| Humana Insurance Company | A- | $127.47 | $96.17 | n/a | $145.57 |
| Manhattan Life Assurance Company | B++ | $127.75 | $94.33 | n/a | $158.83 |
| BlueCross BlueShield of Illinois | A | $127.93 | $108.86 | n/a | $151.83 |
| Omaha Insurance Company | A+ | $128.21 | $87.98 | n/a | $156.86 |
| Cigna National Health Insurance Company | A | $133.14 | $87.98 | n/a | $173.10 |
| Allstate Health Solutions | A+ | $143.70 | $117.86 | n/a | $171.89 |
| Capitol Life Insurance Company | A- | $143.92 | $98.76 | n/a | $186.34 |
| Aetna Health Insurance Company | A | $144.86 | $97.88 | n/a | $173.93 |
| Union Security Insurance Company | B++ | $153.32 | $109.84 | n/a | $196.56 |
| GPM Health and Life Insurance Company | A- | $178.29 | $109.38 | n/a | $255.72 |
| United American Insurance Company | A | $201.00 | $176.00 | $250.00 | $287.00 |
| Guarantee Trust Life Insurance Company | A- | $213.08 | $166.20 | n/a | $264.96 |
| Bankers Fidelity Assurance Company (Preferred) | A- | $225.64 | $103.57 | $255.24 | $157.24 |
| New Era Life Insurance Company of the Midwest | A- | $240.61 | $179.31 | $157.44 | $304.23 |
How Much Does Medicare Cost in Illinois?
Medicare costs in Illinois can fluctuate depending on the specific plan and individual’s income level. As a baseline, Part A is generally provided free of charge for most enrollees, while Part B carries a standard premium beginning at $174.70 per month, according to Medicare.gov. However, the cost can increase relative to one’s income.
Medicare Advantage plans (Part C) and prescription drug coverage (Part D) have variable costs that the plan providers themselves determine. Consequently, consulting with Medicare or the specific plan provider is crucial to acquiring the most accurate cost information.
Please bear in mind that the costs associated with these plans can change year by year.
Need Some Guidance?
Our expertise lies in helping Medicare beneficiaries navigate their Medicare insurance options. We collaborate with some of the leading Medigap carriers in the country to provide you with top-notch service.
Take a closer look at the plans on our Medicare Supplement Plans Comparison Chart.
Furthermore, you may contact us today to obtain more information or request a quote online.
Frequently Asked Questions:
Generally, the monthly premiums for these plans range from $50-$300 per month. The cost of Medicare Supplement plans in Illinois varies depending on the plan and insurance provider.
Ace Property and Casualty Insurance Company offers the most competitive rates for Plan G and Plan N.
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.
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).
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.
