Best Medicare Supplement Plans in Iowa
Learn about popular plan types, popular companies, and rate comparisons for Medigap policies in Iowa.
Medicare Supplement plans in Iowa, also called Medigap policies, are health insurance policies that help you pay your health care expenses. Medigap insurance covers all or part of the out-of-pocket costs beneficiaries face after Medicare pays the claim amount.
Private health insurance companies sell Medicare Supplement plans in Iowa. To be eligible for a Medigap insurance policy, you must be enrolled in Medicare Part A and B.
Most popular Medicare Supplement Insurance plan types in Iowa
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.
Medicare Supplement Plan F
- 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
Medicare Supplement Plan G
- 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
- 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
- Annual deductible
- Same coverage as Plan G
- Very low premiums in return for greater cost-share
- Cheaper than High Deductible Plan F
In 2022, the deductible is $2,490. After the deductible is met, the plan will cover 100% of the costs.
Top Medicare Supplement Insurance companies in Iowa
Private insurance companies sell Medigap policies. Three consistently rank high in terms of service, pricing, and AM Best financial ratings:
- Best Overall: Mutual of Omaha (A+)
- Best Information: Aetna (A)
- Best Discounts: Cigna (A)
Medicare Supplement Insurance prices in Iowa
The cost of a Medicare Supplement plan in Iowa varies based on age, demographics, insurance carrier, and zip code. The average cost of a Medigap policy in Iowa is $137. Here’s what a 65-year-old female nonsmoker living in Dubuque (zip code 52001) might pay:
| Plan type | Premium Range |
|---|---|
| Plan F | $180.00 – $300.00 |
| Plan G | $117.00 – $220.00 |
| Plan N | $90.00 – $200.00 |
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
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 plan selection process. We work closely with some of the nation’s 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 about Medicare Part D Prescription Drug plans, or request a Medicare Supplement Plan Quote.
| Related Topics: | |
|---|---|
| Aetna Medigap Plan G Cigna Medigap Plan G | Mutual of Omaha Plan G Medicare Supplements 2023 |
Iowa Medicare Resources
Iowa Enrollment Statistics
It’s natural to wonder what other Medicare beneficiaries in the state do with their Medicare benefits. So it might first help to look at some facts about Iowa’s Medicare and Medigap policies:
- Nearly half a million Iowa residents are enrolled in Medicare Part A and Part B.
- About half of all Medicare beneficiaries buy Medicare Supplement insurance plans in Iowa.
- Traditionally, Plan F has been Iowa’s most popular Medigap plan.
- The five largest Iowa counties include Polk, Linn, Scott, Johnson, and Black Hawk.
- You can choose from 10 lettered Iowa Medicare Supplement plans, starting with Plan A.