Best Medicare Supplement Plans in Iowa
Overall, Mutual of Omaha offers most of our clients the best Medicare Supplement plans in Iowa; they offer affordable monthly premiums, household discounts, fast underwriting, and few policyholder complaints. They also offer extras, such as dental & vision discounts. Also, consider Plan N from Mutual of Omaha if you want a good-value, low-cost option.
Mutual of Omaha
Best Plan G in Iowa: Mutual of Omaha
- $128 per month
- Customer satisfaction: 4.8/5 stars
Highlights:
- Household discounts
- Optional Prescription Drug Plans
- Optional dental & vision plans
- No annual benefit changes
- Lower out-of-pocket expenses
- See any doctor that excepts Original Medicare
- Medigap Plan G is cheaper than Medicare Plan F.
- It covers everything Plan F covers except for Medicare Part B deductible.
Mutual of Omaha
Best Plan N in Iowa: Mutual of Omaha
- $89 per month
- Customer satisfaction: 98%
Highlights:
- Coinsurance
- Part A deductible
- Foreign Travel
- Part B Excess Charges
- Emergency care
- See any doctor that excepts Original Medicare
- Medigap Plan N offers lower premiums than Medicare Plan G in return for paying more out-of-pocket.
- Copayments: $20 office, $50 ER
What Do Medicare Supplement Plans Cover?
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
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.
- 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
What’s the Most Popular Medicare Supplement Company in Iowa?
Based on our review of several key factors, Mutual of Omaha is Iowa’s top Medicare Supplement company.
Although Mutual of Omaha Medigap plans may provide some of the most affordable options in Iowa, 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 Iowa. You’ll find helpful information here, like sample premiums and ratings.
| Plan G Cost | Company | Financial Strength |
|---|---|---|
| $128 | Mutual of Omaha | A |
| $136 | Aetna | A+ |
| $159 | Cigna | A |
| Plan N Cost | Company | Financial Strength |
|---|---|---|
| $89 | Mutual of Omaha | A |
| $97 | Aetna | A |
| $104 | Cigna | A+ |
When Can I Apply for a Medicare Supplement Plan?
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
How to Choose a Medigap Plan in Iowa
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:
The premiums for these plans range from $50 to $250 per month, depending on various factors such as age, gender, and tobacco usage.
Two of the leading providers in the state are Mutual of Omaha and Aetna. Both offer different coverage options to help you get the necessary care.
The most popular Medicare Supplement plan is Plan G. It provides comprehensive coverage of the gaps in Original Medicare.
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
- Iowa State Health Insurance Assistance Program
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.
