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Best Medicare Supplement Plans In Louisiana – F, G & N Benefits

The best Medicare Supplement insurance plans in Louisiana can function as an important secondary healthcare payment source. They pick up the out-of-pocket expenses that remain after Original Medicare insurance pays a medical professional. Those remaining expenses are referred to as “gaps.” That’s why Medicare Supplement insurance plans are also known as Medigap plans.

Any senior aged 65 or older is eligible to enroll in Medicare Supplement plans in Louisiana after they’ve enrolled in Medicare Part A and Part B. Instead of tracking and paying coinsurance, deductibles and copayments, enrolled beneficiaries pay one monthly premium for their Louisiana Medigap plan.

Medicare Supplement insurance plans allow you to see any doctor in the United States willing to accept Medicare as payment. Beneficiaries never have to worry about networks, and some plans offer coverage for emergency treatment while traveling overseas. With a little information about how Medigap policies work in Louisiana, you can secure the best Medigap plans in Louisiana with the lowest premiums.

Best Types of Medicare Supplement Plans in Louisiana

There are 10 standardized Medicare Supplement insurance plans in Louisiana plus a high-deductible option for Plan F. Insurance companies aren’t required to offer all Medicare Supplement plans, and options can vary by parish. All plans are designated by a letter, and each letter determines the benefits offered to each enrolled beneficiary. Your choice of insurance company won’t change your coverage, but rates do vary between companies.

It’s important to secure the best Medicare Supplement plan in Louisiana at the lowest rate possible. The best plan for you is the one with coverage terms that meet your healthcare needs and a premium that you can comfortably afford. Some Medigap policies are more expensive than others, so take the time to compare benefits and rates online.

When comparing Medicare Supplement insurance plans in Louisiana, make sure that your final selection is offered by an authorized Medicare insurance company. Select companies are authorized to provide Medigap plans in Louisiana, and each insurance company is legally required to offer only the benefits standardized for each plan type.

Your options for Medicare Supplement plans in Louisiana will change in 2020. Two Medigap plans will close to new beneficiaries starting January 2020 while a new high-deductible plan opens to subscribers at the same time. If you sign up for Medigap plans in Louisiana prior to 2020, you will have the option to keep your plan with the same terms of coverage even if it closes to new subscribers in 2020.

Benefits of Medicare Supplement Plan F in Louisiana:

The most popular Medicare Supplement is Medigap Plan F in Louisiana. This health plan offers comprehensive, robust coverage to supplement the benefits that you enjoy through the federal Medicare program.

  • Part A hospital coinsurance
  • Hospital costs up to 365 days after benefits through Original Medicare are exhausted
  • Part A hospice care copays or coinsurance
  • Part A deductible
  • Part B deductible
  • Part B preventive office visit coinsurance
  • Part B coinsurance or copays
  • Excess charges for Medicare Part B
  • First three pints of blood needed for a medical procedure
  • Coinsurance for care in a skilled nursing facility
  • Limited foreign travel emergency care 

These benefits are the same from company to company, which is the case with all of the Medicare Supplement plans in Louisiana. This means that you can choose the plan that you’re interested in first. Then, you can compare rates between each insurance agency to choose the plan with the lowest out of pocket costs.

Benefits of Medicare Supplement Plan G in Louisiana:

Another one of the plan options that you can consider if you live in Baton Rouge, New Orleans or elsewhere is Medigap Plan G in Louisiana. Plan G is another popular plan that typically has lower monthly premiums than Plan F. However, this is another plan that offers robust coverage, and the differences between Plan G and Plan F benefits are minimal.

  • Does NOT cover Medicare Part B deductible 

Benefits of Medicare Supplement Plan N in Louisiana:

Our licensed insurance agents get questions about more affordable plans all the time. You may want to supplement the coverage that you get through the U.S. government’s Medicare program, but you may want cheaper monthly premiums. In this scenario, Medigap Plan N in Louisiana is a good choice if you don’t mind some cost sharing with your benefits.

  • Does NOT cover Part B Deductible
  • Does NOT cover Excess Charges for Part B
  • Requires $20 copay for office visits
  • Requires $50 copay for emergency room visits 

Medicare Supplement Plans in Louisiana: When Can I Enroll?

After selecting the best Medicare Supplement plan in Louisiana, you need to apply for your policy at the right time to secure the lowest rates possible. Your best option is during your Initial Enrollment Period. It starts the first day of the month in which you turn 65, assuming you’re enrolled in Original Medicare Insurance at that time. It stays open for six months. That gives you enough time to compare Medigap policies and premiums online and submit your application for enrollment for the best Medicare Supplement insurance plan in Louisiana.

If you don’t apply during the Medigap open enrollment period, you may later qualify for special enrollment. That typically applies to Louisiana residents who have private health insurance through an employer when they turn 65. When that insurance is lost, a Medigap special enrollment period will open.

Your initial enrollment period is the best time to apply for Medicare Supplement insurance plans in Louisiana because you benefit from Guaranteed Issue Rights. Those rights ensure that your insurance company of choice will enroll you in the Medigap plan of your choice without considering your medical history when setting their rates.

You can apply for Medigap policies any time after you turn 65 and enroll in Original Medicare, Part A and Part B. The catch is that enrolling outside of the initial or special enrollment periods will allow the insurance company to set their rates based on your medical history. You will have to answer questions about your health. The insurance company may also decline to offer you Medigap coverage.

Once you have signed up for your Medicare Supplement, you should also look into prescription drug coverage options. This won’t be included in your Supplement, so signing up for a plan will help you save even more.

You may also be eligible for Medicare prior to age 65 due to a disability. You will have options as well, but it’s often best to discuss with one of our Licensed Medicare Specialists to find the best fit for your specific needs.

Medicare Supplement Plans in Louisiana: Enrollment Statistics

  • The five largest counties in Louisiana are Plaquemines Parish, St. Bernard Parish, Terrebonne Parish, Cameron Parish and Vermilion Parish.
  • There were more than 850,000 Louisiana Medicare beneficiaries in 2018. Approximately 300,000 of those beneficiaries were enrolled in Medicare Advantage or Medigap policies.
  • In 2016, there were more than 140,000 people subscribed to Medicare Supplement insurance plans in Louisiana.

Louisiana Medicare Resources

In addition to checking out the resources above, you can also give us a call. We will help you compare rates on Supplement plans from different insurance companies. If you’re interested, we can also tell you about Part C Medicare Advantage plans and Medicare Part D prescription drug plan options. It’s our goal to help you get the most out of your Medicare while paying affordable monthly premiums.

Related Topics for Comparing Medicare Supplement Companies and Plans in Louisiana

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 AetnaCigna 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.

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