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Medicare Supplement Plans in Indiana 2021

If you live in Indiana and are enrolled in Medicare Part A and Medicare Part B, you are eligible to compare and enroll in one of the best Medicare Supplement insurance plans in Indiana. Although many healthcare costs are covered by Original Medicare insurance, there are certain expenses that Medicare beneficiaries are expected to pay, including:

•    Copayments.

•    Deductibles.

•    Coinsurance.

Medicare Supplement plans cover these gaps that Medicare does not pay. Each state can set its own criteria for Medigap policies as long as they meet the minimum federal standards. Medicare Supplement insurance plans in Indiana exceed federal standards.

Medicare Supplement insurance plans are sold by private insurance companies who set their own rates for premiums. The minimum benefits offered for each plan are standardized. However, it pays to compare the cost of plans offered by different companies because rates differ. Selecting the best Medicare Supplement plan in Indiana depends on which benefits best suit your needs and the cost of premiums.

What are the Top 5 Medicare supplement plans in Indiana?

1. Best full coverage: Medicare Plan F

Plan F covers the entire spectrum of supplemental Medicare benefits. Availability is limited to beneficiaries who became eligible before January 1, 2020.

  • Part A coinsurance and hospital charges beyond the limits of Medicare benefits
  • Part B coinsurance or copayments
  • First three pints of blood that is purchased
  • Part A hospice services – coinsurance or copayment
  • Skilled nursing care setting – coinsurance
  • Part A deductible and Medicare Part B deductible
  • Part B excess charges
  • Foreign travel emergency up to plan limits

2. Best comprehensive coverage: Medicare Plan G

Plan G is similar to Plan F with these distinctions

  • Plan G does not cover the Medicare Part B deductible.
  • Private health insurance companies can sell G to beneficiaries with an eligibility effective date on or after January 1, 2020.

3. Best value: Medicare Plan N

Plan N offers savings on the monthly premium and provides much of the same coverage as G. Plan N does not cover:

  • Part B copayments
  • Part B excess charges

Your copayments are:

  • Up to $20 for certain office visits
  • Up to $50 for ER visits that do not result in admission

4. Best deductible based: High-Deductible Plan F

With this Medicare Supplement insurance plan in Indiana, you are responsible for a deductible before the plan pays benefits. In 2021, the deductible is $2,370. Aside from that, the benefits are the same as the original F

5. Best for lowest premiums: High-Deductible Plan G

As with the high-deductible F, you are responsible for a deductible before the plan pays benefits, which is $2,370 in 2021.

What is the Best Supplemental Insurance to go with Medicare?

Before you decide which of the plan options are best for you, talk to our licensed insurance agents. They can give you individualized guidance specific to your needs.

What Is the Most Popular Medicare Supplement Plan in Indiana for 2021?

With Plan F no longer available to people newly eligible for Medicare coverage, G is on track to becoming the most popular insurance policy for Medigap in Indiana.

Which Plan Has the Best Benefits in Indiana?

If you want the best benefits in terms of avoiding out-of-pocket costs at a reasonable premium, you will probably want to target Plan F or G. But keep in mind that you can only enroll in Plan F if you became eligible before January 1, 2020 and have not yet enrolled.

How Do I Choose the Best Plan?

Our Policy Guides are prepared to guide you through this important decision-making process. It would be helpful if you share with the agent your:

  • Budgetary constraints
  • Projected health care needs
  • Location of your primary residence, if you have more than one home

Which Medigap Company Offers the Best Rates in Indiana?

Our Policy Guides can put together quotes for you to compare the best rates based on your:

  • Age
  • Location
  • Whether or not you smoke
  • When you plan to enroll

What is the Average Cost for a Medicare Supplement Plan in Indiana for 2021?

If you are a 65-year-old nonsmoking female living in Madison County, zip code 46001, you can expect to pay about $110.90 per month based on this sample:

Indiana Medigap Plan Premium Range Average Premium
Plan B $115.54 – $126.11 $120.83
Plan N $77.77 – $118.65 $98.81
Plan G $89.21 – $150.81 $113.06

Common Indiana Medicare Supplement Plan Questions

What Companies Sell Medigap Plans in Indiana?

Of the 50+ private insurance companies that service Indiana, the following insurers have significant market share:

  • Aetna Health and Life
  • Cigna
  • United World (Mutual of Omaha)

When Can I Apply for a Indiana Medicare Supplement Plan?

These enrollment periods apply to Original Medicare, Medicare Advantage and the Medicare Part D Plan:

  • Initial Enrollment
  • Special Enrollment
  • General Enrollment
  • Open Enrollment

These election periods are not applicable to enrollment in Medicare Supplement insurance plans. The Medigap Open Enrollment Period is a 6-month window that starts the month you turn 65 or older. You must be enrolled in Part B.

If you miss the Medigap Open Enrollment Period, you subject yourself to higher pricing based on your current health condition or pre-existing conditions. You may even be declined.

If you are losing or ending your current Medicare coverage due to special circumstances, you may have guaranteed issue rights. In that case:

  • An insurer cannot refuse to offer you Medicare Supplement insurance plans.
  • All your pre-existing health conditions are covered.
  • Your premium will not be higher because of health issues.

Which is better, Medigap Plan G or Plan N?

Benefits Plan G and N have in common:

  • Part A coinsurance
  • Part B coinsurance
  • First three pints of blood
  • Part A hospice copay or coinsurance
  • Skilled nursing facility coinsurance
  • Part A deductible
  • Foreign travel emergency medical expenses

Plan G also covers Part B excess charges and copayments.

Plan N:

  • No coverage for Part B excess charges
  • Copayment due for office visits: up to $20 per visit
  • Copayment due for ER: up to $50 per visit, which is waived if you become an inpatient

What is Medicare Supplement Insurance?

Medicare Supplement plans in Indiana enable you to bolster the coverage you receive under the federal Medicare program known as Original Medicare (Part A and Part B).

Here is how:

  • The Medicare Part A deductible, and in some cases Part B, is covered by Medicare Supplement plans in Indiana.
  • Coinsurance and copayments are generally covered.
  • All Medicare Supplement insurance plans cover all or part of the first three pints of blood purchased for you.
  • Select plans cover charges billed to you by doctors who do not accept assignment from Medicare.
  • Most Medicare Supplement insurance plans cover emergency health care you may need when you travel.

Medicare Supplement insurance plans are often referred to as Medigap insurance because these adjunct plans fill gaps left by Original Medicare. Medigap policies do not include prescription drug coverage, but you can buy a prescription drug plan through a Medicare insurance company.

Here are the steps to arrange Medicare coverage for basic benefits, supplemental benefits and prescription drugs.

  • Sign up for Medicare Part A and Medicare Part B three months before your 65th birthday.
  • Apply for a Medigap plan in Indiana on the first day of the month you turn 65.
  • Apply for a Medicare Part D plan upon eligibility for Medicare.

Medigap and Part D are sold by private insurance companies. Apply for Medicare through Social Security.

Is Plan G the Best Medigap Plan in Indiana?

How Much Does it Cost?

The cost varies based on:

  • Place of residence
  • Tobacco usage
  • Age

Example:

  • 65 years old
  • Female
  • Nonsmoker
Location Premium Range Average Premium
46034 Hamilton County $93 – $325 $209

What is the Plan G Deductible in 2021?

While there is no deductible for Plan G, be prepared to pay a deductible for Medicare Part B. In 2021, the amount is $203.

What does Medigap Plan G Cover in Indiana?

Related Topics

Plan G by State

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.

Indiana Medicare Resources

Indiana Enrollment Statistics

The population of Indiana in 2015 was 6,619,680. There were 873,518 people enrolled in Original Medicare in Indiana in 2017, or 17 percent of the population. Of these, 83 percent were eligible because of age, and 17 percent were eligible due to disabilities. Indiana spent $10,714 per Medicare beneficiary in 2015, ranking 19th in the nation. In 2015, 336,630 people had a Medigap plan in Indiana.

The five counties with the highest population in Indiana in 2015 were:

•    Marion County 939,020

•    Lake County 487,865

•    Allen County 368,450

•    Hamilton County 309,697

•    St. Joseph County 268,441

The number of enrollees in Original Medicare in 2017 in these five counties were:

•    Marion County 97,954

•    Lake County 66,018

•    Allen County 35,123

•    Hamilton County 30,186

•    St. Joseph County 32,668

In December 2016, the most popular Medicare Supplement plans in Indiana and number of beneficiaries were:

•    Plan F 216,579

•    Plan G 65,772

•    Plan N    41,206

•    Plan C    11,379

•    Plan J    8,998

By evaluating the benefits of each policy and the rates charged by each insurer, you can decide which is the best Medicare Supplement insurance plan in Indiana for you.

Key Take Aways
  • In Indiana, Medicare Supplement Plan G is the most popular plan for 2021.
  • There are 10 Medicare Supplement Plans in Indiana to choose from.
  • Medicare Supplement plans do not use a network, go wherever Original Medicare is excepted.
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