Medicare Supplement Plans in Kansas
In Kansas, Medicare Supplement insurance policies (Medigap plans) are provided by private insurance companies authorized by Medicare. These Medigap plans help cover the out-of-pocket expenses not included under Original Medicare – including coinsurance and copays. These policies can also supply additional coverage for excess charges and foreign travel health emergencies.
Medicare may standardize Medigap policies, but the cost and accessibility of these plans differ depending on age, gender, insurance provider, and residing state. In Kansas, such policies are regulated through state laws and an insurance commissioner.
If you are considering a Medigap plan in Kansas, it is essential to be mindful of the factors influencing its cost and availability.
Key Takeaways:
- There are ten Medigap plans available to choose from.
- In Kansas, Medigap Plan G is the most popular plan.
- Plan G premiums range from $114 to $382 monthly.
- American Home Life Insurance Company offers the cheapest Plan G rate in Kansas.
What’s the Most Popular Kansas Medigap Plan in 2023?
Medigap Plan F and Plan G are the most popular plans in Kansas.
Plan F previously had the highest enrollment of over 117,800 beneficiaries. However, it is no longer available to those enrolling after 2020. This means new Medicare recipients can no longer choose Plan F.
Plan G has emerged as the favored alternative, attracting 97,115 new enrollees. In addition to Plan G, another popular option among new beneficiaries is Plan N, which has gained popularity with over 16,975 enrollees.
Additionally, there are a handful of lesser-known alternatives. Plan C has 11,794 enrollees, Plan K has 964 enrollees, Plan L has 254 enrollees, and Plan A has 752 enrollees.
It’s important to carefully consider your options and choose the plan that best suits your healthcare requirements. Take a deeper look at the plans by reviewing our Medicare Supplement Plans Comparison Chart.
Which Company Offers the Cheapest Medigap Rates in Kansas?
American Home Life Insurance Company offers the most affordable price for Plan G in Kansas. However, when choosing a Medicare Supplement company, it’s important to consider other factors beyond cost, as each provider has coverage policies and pros and cons.
To assist you in making the best decision, this chart compares American Home Life Insurance Company with other Medicare Supplement companies in Kansas. It gives helpful insights such as sample premiums and ratings.
| Company | AM Best Rating | Plan G Rates | Plan N Rates | HDG Rates | Plan F Rates |
|---|---|---|---|---|---|
| American Home Life Insurance Company | B++ | $114.07 | $83.07 | n/a | $138.01 |
| Ace Property and Casualty Insurance Company | A++ | $115.50 | $87.42 | $45.75 | $132.42 |
| Medico Insurance Company (Preferred) | A | $116.00 | $90.09 | $40.03 | $140.44 |
| American Benefit Life Insurance Company | A- | $118.35 | $86.04 | n/a | $140.20 |
| AFLAC | A+ | $118.62 | $86.24 | n/a | $136.70 |
| Lumico Life Insurance Company | A | $120.42 | $92.58 | n/a | $145.17 |
| Elips Life Insurance Company | A | $120.46 | $89.34 | $47.26 | $144.45 |
| United States Fire Insurance Company | A | $122.33 | $85.08 | $41.00 | $142.25 |
| Bankers Fidelity Assurance Company (Preferred) | A- | $122.96 | $135.01 | $36.66 | $204.44 |
| Manhattan Life Assurance Company | B++ | $123.17 | $86.33 | n/a | $149.50 |
| Allstate Health Solutions | A+ | $124.12 | $92.62 | n/a | $156.95 |
| Humana Insurance Company | A- | $124.26 | $86.10 | $53.08 | $136.70 |
| Capitol Life Insurance Company | A- | $135.76 | $93.75 | n/a | $163.93 |
| Aetna Health Insurance Company | A | $137.36 | $91.88 | $45.32 | $154.27 |
| New Era Life Insurance Company | A- | $137.37 | $96.04 | $32.33 | $192.88 |
| Cigna National Health Insurance Company | A | $139.18 | $101.87 | n/a | $168.04 |
| Union Security Insurance Company | B++ | $140.97 | $101.54 | n/a | $191.64 |
| Omaha Insurance Company | A+ | $145.14 | $98.64 | $43.22 | $155.63 |
| GPM Health and Life Insurance Company | A- | $160.40 | $124.34 | n/a | $217.27 |
| Guarantee Trust Life Insurance Company | A- | $161.72 | $131.59 | n/a | $201.03 |
| Assured Life Association | NR | $164.82 | $95.70 | n/a | $201.83 |
| United American Insurance Company | A | $180.00 | $171.00 | $32.00 | $261.00 |
How Much Do Medigap Plans Cost in Kansas?
American Home Life Insurance Company offers Plan G at the most affordable rate of $114.07 per month, while Medigap Plan N is available for $83.07, also provided by American Home Life Insurance Company.
For a cost-effective option, United American Insurance Company offers the High Deductible Plan G monthly rate of $32. And if you’re looking for the lowest rate for Plan F, Ace Property and Casualty Insurance Company offers it at $132.42.
Your monthly premium for Medicare Supplement plans may vary based on factors such as your insurer and their rating criteria.
Are Medigap Plans Standardized?
Medigap plans are standardized by the federal government, ensuring that each plan type offers the same fundamental benefits, regardless of your chosen insurance company.
This simplifies the process of comparing benefits and premiums across different plans, making it more convenient for consumers. However, insurance companies may charge different premiums for the same plan.
Certain insurance providers offer additional benefits or services that others may not provide. For instance, some companies may offer coverage for vision and hearing.
When comparing Medigap plans, it’s important to consider not only the premiums but also the customer service ratings and the company’s financial stability.
Is a Medicare Supplement Plan Required?
A Medicare Supplement plan is not mandatory. Although, it is highly recommended for many individuals. These plans can help provide beneficiaries with a financial safety net and peace of mind, especially those requiring frequent medical visits or significant healthcare expenses.
Before deciding, evaluating personal health, financial circumstances, and potential future requirements is crucial. Take into account these factors to ensure a well-informed choice.
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 get the best possible service.
You can give us a call today to learn more or request a quote online.
Frequently Asked Questions:
Premiums for Medicare Supplement plans in Kansas range from $32-$382 per month; this cost can vary depending on the chosen plan and the insurance provider.
American Home Life Insurance Company, Mutual of Omaha, Aetna, Cigna, Blue Cross Blue Shield of Kansas, and United Healthcare are the most popular providers, each offering a variety of plans and different levels of coverage.
The most popular Medicare Supplement plan in Kansas is Plan G. This plan helps bridge the gap between what Medicare covers and what you must cover out of pocket regarding medical costs.
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
- Kansas Department of Insurance
- Kansas Senior Health Insurance Counseling
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.
