Best Medicare Supplement Plans in Maryland 2024
Medicare Supplement Plan G is the best plan choice for 2024. Plan F is widely regarded as the most sought-after option, providing extensive coverage and covering the annual Part B deductible. However, Plan F is now only accessible to those eligible before January 2020,
Plan G offers comprehensive coverage, except the Part B deductible. Moreover, it is widely offered by the majority of Medigap insurance companies.
Is Medigap Plan G the Best Option in Maryland?
Yes, Plan G is the most popular Medigap plan in Maryland. A comparison of different plans shows Plan G has comprehensive coverage and a reasonable cost.
The table below outlines the features of each plan:
| Medigap Comparison | Plan F | Plan G | Plan N |
|---|---|---|---|
| Number of lives enrolled in Maryland: | 112,995 | 81,377 | 37,849 |
| Medigap cost in Maryland | $181 | $165 | $116 |
| Cost Sharing | No | Yes | Yes |
| Part B Deductible | Yes | No | Yes |
| Excess Charges | Yes | Yes | No |
| Foreign Travel | 80% | 80% | 80% |
Plan G is the best pick. It offers lower monthly premiums and additional benefits like coverage for excess charges and foreign travel emergencies.
What’s the Best Medicare Supplement Company in Maryland?
Based on our comprehensive review, United Healthcare is the number-one choice for Medicare Supplement companies in Maryland.
This table shows the top Medigap companies in Maryland:
| Company | Popularity | Plan Options |
|---|---|---|
| United Healthcare | 42.57% | Plan A, Plan B, Plan F, Plan G |
| CareFirst Blue Cross Blue Shield | 23.53% | Plans A, C, F, G, N |
| Mutual of Omaha | 11.52% | Plans A, G, N, F |
| Aetna | 5.70% | Plans A, B, F (high deductible), G |
| Cigna | 1.98% | Plans A, F (high deductible), G |
These companies have good feedback from Medicare beneficiaries. They offer various Medigap plans so that individuals can supplement their Original Medicare.
United Healthcare Medicare Supplement plans in Maryland may offer cost savings, but there’s much more to consider before selecting a plan. Each company has its own set of advantages and drawbacks depending on its levels of coverage.
United Healthcare stood out from the rest as our top choice due to its economical prices, a broad selection of plans and family discounts, and high customer satisfaction ratings.
This chart compares United Healthcare and other Medicare Supplement companies available within Maryland. It includes details such as premium examples and ratings.
| Plan G Cost | Company | Financial Strength |
|---|---|---|
| $173 | United Healthcare | A+ |
| $173 | Mutual of Omaha | A+ |
| $165 | Cigna | A |
| Plan N Cost | Company | Financial Strength |
|---|---|---|
| $124 | Aetna | A |
| $122 | Mutual of Omaha | A+ |
| $116 | Cigna | A |
How Much Do Medigap Plans Cost in Maryland?
If you enroll during your open enrollment period, you can expect to pay $116 to $382 monthly for Medigap plans A, G, and N in Maryland.
For accurate info about Medigap prices in Maryland, we made a table. It shows the costs for Medigap plans in Maryland:
| Plan | Monthly Premium |
|---|---|
| Plan F | $181 |
| Plan G | $165 |
| Plan N | $116 |
| Plan A | $177 |
| Plan C | $319 |
| Plan L | $130 |
| Plan K | $78 |
| High Deductible Plan G | $50 |
Note: Prices may change depending on factors like location, age, and gender.
Also, you must understand each plan’s coverage options to choose the right one for your healthcare needs.
Different Medigap Plans Available in Maryland
Maryland offers a wide range of Medigap plans to choose from, but for the most comprehensive coverage, Plans F and G stand out as the top choices. These two plans are also the most popular among beneficiaries.
Here are some key points to consider regarding the differences among these plans:
- Plan F provides extensive coverage, including the Part B deductible. However, it is only available to individuals who became eligible for Medicare before January 2020.
- Plan G is the most comprehensive option for newer beneficiaries. It covers excess Part B charges, allowing you to see any Medicare provider, even if they charge more than the Medicare-approved amount.
- Plan N is gaining popularity due to its lower premiums, but it does require policyholders to pay a copay for doctor and emergency room visits.
- Plan K is one of the two plans that offer a set out-of-pocket limit. Once you meet the Part B deductible, your plan will cover 100% of the expenses.
- If you choose the High Deductible Plan G, you will receive the same benefits as Medicare Plan G. However, you must pay an annual deductible of $2,800 before any medical claims are covered.
Selecting a Medigap Plan in Maryland
When you’re comparing the plans in your area, keep these tips in mind:
Choosing a Medigap plan in Maryland requires careful consideration of several factors. Start by understanding your own healthcare needs and financial capability.
Next, research the various Medigap plans to see which one covers the services you need the most.
Finally, compare the prices of each plan from different insurance companies. Premiums can vary widely, so it’s essential to shop around. Remember, the cheapest plan may not always be the best fit for you, so carefully weigh the costs against the benefits.
Ready to Enroll?
You can sign up for a Medigap plan by contacting one of our agents and ensuring you’re in your Open Enrollment Period or have guaranteed issue rights. Then, fill out the application and decide when you want your policy to begin.
Frequently Asked Questions:
Medicare Supplement plans in Maryland can range anywhere from $50-$382 monthly. The cost of Medicare Supplement plans varies depending on several factors.
Maryland’s best Medicare Supplement provider is United Healthcare.
The most popular Medicare Supplement plan is Plan G. This plan helps cover many out-of-pocket expenses not covered by Original Medicare, including copayments, coinsurance for doctor visits and hospital stays, and other medical costs such as deductibles.
Final Verdict
Ten different Medigap plans are available in Maryland, ranging from $50-$382 monthly. The two most popular plans are Plan F and Plan G, which offer the most comprehensive coverage options.
To get the best deal on a plan, it’s important to compare prices from different insurance companies and apply during your Open Enrollment Period. Ultimately, you should choose a plan that best suits your healthcare needs and financial capabilities.
Finally, it’s always best to consult a licensed agent for personalized advice if you have any questions.
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
- Maryland State Health Insurance Assistance Program
- Maryland Medicare Supplement Policy Guide
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.
