Best Medicare Supplement Plans in Iowa 2024

Medicare Supplement Plan G is the best option in Iowa out of the ten plans offered.

We have found that Ace Property Insurance Company offers exceptional Medigap Plan G rates in Iowa for 2024. Their monthly premiums are affordable; they offer household discounts and fast underwriting.

For those seeking a good-value, low-cost option, we recommend considering Plan N from American Home Life Insurance Company.

Each Medigap policy offers the same set of basic benefits. From there, plan options vary. Here’s an overview of the top four plans in Iowa and what they cover.

Medicare Supplement Plan G: Best Comprehensive Coverage

  • Medigap Plan G is cheaper than Medicare Plan F.
  • It covers everything Plan F covers except for Medicare Part B deductible.
  • There are approximately 100,000 individuals enrolled in Iowa.

Medicare Supplement Plan N: Best Copay Option

  • Medigap Plan N offers lower premiums than Medicare Plan G in return for paying more out-of-pocket.
  • Nearly 10,000 current state enrollees in Plan N.
  • Has copayments: $20 office, $50 ER.

High-Deductible Medigap Plan G: Best For Lowest Cost

  • Annual deductible.
  • High Deductible Plan G Has the same coverage as a regular Plan G.
  • Very low premiums in return for greater cost-share.
  • Cheaper than High Deductible Plan F.
  • In 2023, the deductible is $2,700. After the deductible is met, the plan will cover 100% of the costs.

Medicare Supplement Plan F: Best for Full Coverage

  • Medigap Plan F covers everything: Part A deductible, Part A and B coinsurance, Part B deductible, hospice, skilled nursing care, foreign travel emergency, three pints of blood, and excess charges.
  • Only open to Medicare beneficiaries who turned 65 before Jan. 1, 2020.
  • There are currently more than 185,200 individuals enrolled in Plan F.

After analyzing various factors, we have determined that Ace Property Insurance Company is Iowa’s leading provider of Medicare Supplement plans.

While their plans are affordable, it is important to consider other factors when choosing a provider. Each company has its own strengths and weaknesses based on their coverage options.

This chart compares Ace and other Medicare Supplement companies in Iowa, including sample premiums and ratings to assist you in making an informed decision.

CompanyAM Best RatingPlan G RatesPlan A RatesPlan D RatesPlan F Rates
SBLI USA Life Insurance Company, Inc (Prosperity)A-$92.85$91.92n/a$105.08
Ace Property and Casualty Insurance CompanyA++$94.33$93.33n/a$110.33
American Home Life Insurance CompanyB++$94.89$94.41n/a$113.89
Allstate Health SolutionsA+$97.51$93.47n/a$119.39
American Benefit Life Insurance CompanyA-$98.43$97.93n/a$119.98
AFLACA+$103.66$113.20n/a$117.36
United States Fire Insurance CompanyA$106.33$108.92n/a$128.08
Elips Life Insurance CompanyA$106.75$105.67n/a$133.83
Capitol Life Insurance CompanyA-$111.26$110.15n/a$138.19
Humana Insurance CompanyA-$111.45$118.56n/a$126.64
Medico Life and Health Insurance Company (Preferred)A$116.31$124.55n/a$140.13
Manhattan Life Assurance CompanyB++$116.42$123.25n/a$142.75
Aetna Health Insurance CompanyA$117.95$109.79n/a$129.36
Philadelphia American Life Insurance CompanyA-$120.72$123.08n/a$157.54
Mutual of Omaha Insurance CompanyA+$122.88$119.19n/a$144.13
Bankers Fidelity Assurance Company (Preferred)A-$124.79$121.54n/a$144.65
Heartland National Life Insurance CompanyNR$125.34$128.40n/an/a
Union Security Insurance CompanyB++$126.58$133.00n/a$156.82
Cigna Health & Life Insurance CompanyA$140.20$125.39n/a$167.58
Guarantee Trust Life Insurance CompanyA-$176.70$187.38n/a$239.85
United American Insurance CompanyA$192.00$110.00$200.00$236.00
Assured Life AssociationNR$194.02$165.31$193.27$246.51

When Can I Apply for a Medicare Supplement Plan in Iowa?

The effective date for applying for a Medicare Supplement plan in Iowa is the date that you meet two criteria:

  • You’re age 65
  • Enrolled in Part B Medicare

You have six months to enroll. You have specific rights during this six-month window, called your Medigap Open Enrollment Period. The insurer cannot:

  • Refuse your application
  • Deny coverage for pre-existing health conditions
  • Impose waiting periods

What’s Next?

We assist Medicare beneficiaries in navigating their insurance options and partner with highly-rated Medigap carriers to ensure optimal service.

Review our Medicare Supplement Plans Comparison Chart for a more detailed description of the specific plans.

Additionally, you can call us today to learn more or request a quote online.

Frequently Asked Questions:

What is the cost of Medicare Supplement plans in Iowa?

The premiums for these plans range from $50 to $250 per month, depending on various factors such as age, gender, and tobacco usage.

What is the best Medicare Supplement provider in Iowa?

Two of the leading providers in the state are Ace Property and Casualty Insurance Company and American Home Life Insurance Company.

What is the most popular Medicare Supplement plan?

The most popular Medicare Supplement plan is Plan G. It provides comprehensive coverage of the gaps in Original Medicare.

Article Resources:

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.

Mark Prip

For more than two decades, Mark Prip at My Medigap Plans has been an authority figure in the insurance industry and continues to uphold a mission to provide customers with comprehensive information about Medicare, life, and dental coverage. In addition, his expertise is unmatched - having helped thousands of Medicare beneficiaries choose suitable healthcare plans for themselves - making him stand out above competitors.