Best Medicare Supplement Plans in New Jersey 2024
Plan F has been popular due to its wide coverage and annual Part B deductible coverage. However, since it’s only available to those who are eligible before January 2020, Plan G is becoming more popular.
Plan G provides comprehensive coverage, except for the Part B deductible. Additionally, most Medigap insurance companies offer Plan G.
Is Plan G the Best Medigap Plan in NJ?
Medigap Plan G: The Top Choice for New Jersey Medicare Supplement Plans.
Here are four reasons why:
- Great Coverage: Includes the Part A deductible, skilled nursing facility coinsurance, and excess charges from doctors who don’t accept Medicare assignment.
- Lower Premiums: Monthly premiums are often lower than Plan F while still providing comprehensive coverage.
- No Network Restrictions: Visit any doctor or specialist that accepts Medicare patients. No network is needed.
- Stable Benefits: Benefits remain stable from year to year. No unexpected changes.
Plus, it eliminates most out-of-pocket costs associated with Original Medicare. That includes deductibles and copayments for hospital stays and medical services.
What’s the Best Medicare Supplement Company in New Jersey?
After evaluating various factors, we have determined that United Healthcare stands out as the top Medicare Supplement company in New Jersey.
While United Healthcare Medigap plans are more affordable in New Jersey, the cost is not the only consideration when selecting a Medicare Supplement provider. Every insurer has its own pros and cons based on its coverage options.
United Healthcare is our top-pick provider because of its competitive prices, variety of plans available, discounted family premiums, and great customer feedback ratings.
| Company Name | Plans Offered |
|---|---|
| United Healthcare | Plan A, B, C, F, G, K, N |
| Horizon Blue Cross Blue Shield | Medigap Basic, Essential, Essential Plus |
| Aetna | Medicare Supplement A, B, D |
| Cigna | Medicare Supplement F, SelectPlan |
| Mutual of Omaha | A, B, C, F, G, L, N |
Check out this comparison chart of some Medicare Supplement companies, including United Healthcare, available in New Jersey. We’ve listed both sample premiums and ratings.
| Plan G Cost | Company | Financial Strength |
|---|---|---|
| $169 | United Healthcare | A+ |
| $165 | Mutual of Omaha | A+ |
| $165 | Cigna | A |
| Plan N Cost | Company | Financial Strength |
|---|---|---|
| $116 | United Healthcare | A+ |
| $113 | Mutual of Omaha | A+ |
| $111 | Cigna | A |
Medigap Prices in New Jersey
Medigap prices in New Jersey can vary, depending on your chosen plan. These prices are linked to each plan and are important to consider when selecting a Medicare Supplement policy.
Take a look at the table below for an overview of Medigap prices in the Garden State:
| Plan | Average Monthly Premium | Lives enrolled in NJ |
|---|---|---|
| Plan F | $200 | 171,779 |
| Plan G | $165 | 142,572 |
| Plan N | $111 | 90,037 |
| Plan A | $134 | 4,711 |
| Plan C | $198 | 43,312 |
| Plan D | $164 | 4,619 |
| Plan L | $104 | 2,576 |
| Plan K | $71 | 2,935 |
| High Deductible Plan G | $59 | 2,695 |
These figures show the average premiums per month. Remember that actual prices can differ based on factors such as age, gender, and location.
When considering Medigap prices in New Jersey, it’s important to consider each plan’s coverage. Different plans give you different levels of coverage, so make sure you choose one that meets your needs.
How to Compare Medigap Plans
Take the time to review these Medigap prices and compare them to the coverage each plan provides. This way, you can ensure you get the best value and peace of mind that your healthcare needs are covered.
To make the most of your Medicare coverage in New Jersey, consider these:
- Compare plans: Medigap Plan G is great, but compare different options available in your area. Consider premium costs, coverage details, and customer reviews.
- Know your healthcare needs: Identify which plan best fits you. For instance, a comprehensive plan like Medigap Plan G may be ideal if you need frequent specialist visits or need more medical services.
- Get expert advice: Consult with an experienced insurance agent or financial advisor. They can help you find the best option for your needs.
Frequently Asked Questions:
Depending on your age and health status, these plans can range from $59 to $382 per month.
The average cost of Medigap Plan G in New Jersey can range from $125 to $382 per month, depending on where you live and your age.
United Healthcare, Mutual of Omaha, Aetna, and Cigna all offer a variety of plans that can be customized to a person’s specific needs.
Our Expert Opinion
Choose Medigap Plan G for comprehensive coverage, lower premiums, freedom of choice, and stable benefits. Take the time to compare plans and seek expert advice. That way, you can make an informed decision that meets your healthcare needs.
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
- New Jersey State Health Insurance Assistance Program
- New Jersey Medigap Benefits Chart
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.
