Medicare Supplemental Insurance Quotes
Medicare Supplemental insurance (Medigap) quotes can vary significantly depending on factors such as age, location, and choice of insurance provider.
We put together some sample quotes for Medigap Plan G and Plan N in Texas, Pennsylvania, and Florida to give you an idea of the premium variations.
Aflac Plan G
| Texas | $130.91 |
| Pennsylvania | $139.60 |
| Florida | $206.89 |
Aflac Plan N
| Texas | $99.41 |
| Pennsylvania | $99.94 |
| Florida | $150.52 |
Aetna Plan G
| Texas | $169.68 |
| Pennsylvania | $142.69 |
| Florida | $226.74 |
Aetna Plan N
| Texas | $116.54 |
| Pennsylvania | $95.13 |
| Florida | $156.69 |
Mutual of Omaha Plan G
| Texas | $130.99 |
| Pennsylvania | $144.34 |
| Florida | $202.90 |
Mutual of Omaha Plan N
| Texas | $99.46 |
| Pennsylvania | $95.96 |
| Florida | $147.95 |
*These quotes are for a 65-year-old nonsmoking male and will vary based on individual factors. Medigap providers might also offer household discounts, lowering the monthly premium.
Medicare Supplement Plans Overview
Here is a summary of the key features of the most popular Medigap plans, each providing varying coverage beyond Original Medicare:
- Plan G: Offers extensive coverage, excluding the Part B deductible. Includes Part A deductible and copayments, Part B excess charges, and coverage for foreign travel emergencies.
- Plan N: Cost-effective choice similar to Plan G but with some exceptions. Plan N doesn’t cover Part B excess charges and requires small copayments for some office visits and ER trips.
- Plan A: Provides essential coverage, including hospital coinsurance under Part A, coverage for hospital costs up to 365 days after using Medicare benefits, coinsurance under Part B, first three pints of blood for medical procedures, and coinsurance for hospice care.
How to Compare Medicare Supplement Quotes
Price isn’t the only factor in your decision-making when comparing Medigap plans. Other important considerations include:
Plan Coverage:
Make sure the Medigap policy you’re looking at covers your specific needs and fits your budget.
Provider Network:
If you have a preferred doctor or hospital, ensure they are in the provider network for the plan you’re considering.
Company Stability:
Check the insurance company’s financial stability and review customer feedback.
How Do I Enroll in a Medigap Plan?
When you turn 65 and enroll in Part B, you have a six-month Open Enrollment Period to enroll in a Medigap plan. This is the best time to enroll because you can choose any plan without worrying about health checks or higher premium costs due to pre-existing conditions.
Once you’ve chosen a plan, contact the insurance company directly to start enrollment. Have your Medicare ID number and effective coverage dates handy when you contact them.
If you need help enrolling in a Medigap plan, don’t hesitate to seek personalized guidance from one of our licensed agents. They can guide you through the process and help you find a plan that best meets your needs.
Sources: Medigap Plans | Aflac | Aetna | Mutual of Omaha
FAQs
A Medicare Supplement plan, or Medigap, is an additional insurance plan that helps fill the coverage gaps in Original Medicare.
The cost of a Medicare Advantage plan may vary depending on the plan and provider, but in general, Supplement plans tend to have higher premiums, while Advantage plans may have lower or no premiums. However, Advantage plans may have additional out-of-pocket costs, like copayments and deductibles.
