Medicare Supplement Plans in New Jersey

Medicare Supplement insurance plans in New Jersey extend the Medicare benefits that beneficiaries receive with Original Medicare.

Here’s what you need to know:

  • When you’re eligible for Social Security benefits and enroll in Medicare Part B, you receive basic benefits that require you to pay coinsurance and other out-of-pocket costs.
  • Enrolling in a Medigap plan in New Jersey will help with those outstanding medical expenses.
  • Your Medicare Supplemental insurance policy will come with a monthly premium, which is paid directly to one of the private health insurance companies authorized to sell New Jersey Medigap policies.

If you want to minimize deductibles, copayments, and coinsurance, learn more about Medicare Supplement plans below.

Medicare Supplement Plan options in New Jersey:

Medicare Supplement Plan F

You can’t start talking about Medicare Supplement coverage without talking about Medigap Plan F in New Jersey. After all, it’s the most popular of the plan options both in New Jersey and throughout the rest of the United States.

  • Part A hospital coinsurance
  • Hospital costs up to 365 days after benefits through Original Medicare Part A 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

Medicare Supplement Plan G

Another Supplement that you can consider for supplementing the federal Medicare program is Medigap Plan G in New Jersey. It’s great for supplementing your Medicare benefits and reducing your out of pocket costs. Its coverage is almost identical to the coverage of Plan F, but it’s cheaper.

  • Does NOT cover Medicare Part B deductible

Medicare Supplement Plan N

Some people want a Supplement with low monthly premiums and don’t mind not having as much benefits coverage. Medigap Plan N in New Jersey is a great choice if this is what you’re interested in.

  • 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

Which is better, Plan G or Plan N?

While Plan G covers Part B coinsurance completely, Plan N requires copayments for doctor and emergency room visits. Plan G offers more comprehensive Medicare coverage but is a bit more expensive. Both plans require beneficiaries to pay for a Medicare Part D plan separately.

Top rated Medicare Supplement Insurance Companies in New Jersey

There are more than 20 private insurance companies authorized to sell Medigap plans in New Jersey. It’s important to consider financial health, competitive pricing, and quality of customer service when selecting an insurer for your Medigap insurance. The following companies are our top picks for New Jersey beneficiaries.

Medicare Supplement Insurance Cost in New Jersey

2022 New Jersey premiums vary by zip code. For illustration purposes, consider the following quotes for a female nonsmoker living in zip code 07009 at the age of 65. Beneficiaries must pay for a Part D prescription drug plan on top of the premium for a Medigap plan in New Jersey.

Plan typePremium Range
Plan F$180.00 – $300.00
Plan G $117.00 – $220.00
Plan N$90.00 – $200.00
Premiums are based on Medicare Part B start date and or Medical underwriting.

When can I apply for a Medicare Supplement Plan in New Jersey?

You can apply for a Medicare Supplement insurance plan in New Jersey at any time as long as you’re enrolled in Medicare Part A and Medicare Part B. If you apply during your Medigap Open Enrollment Period within the first six months of Part B enrollment, you will enjoy some money-saving guaranteed issue rights:

  • The Medicare insurance company is required to accept your application. No risk of denial.
  • You will receive the same rates as other Medicare beneficiaries regardless of pre-existing conditions or your current health condition. No medical underwriting.
  • The insurance company cannot cancel your policy in the future as long as you continue to pay your monthly premiums.

You should apply for a Medicare Part D plan at the same time you apply for your Medigap plan. If you miss your initial open enrollment period, you may later qualify for a special guaranteed enrollment period.

Ready to learn more?

We specialize in educating consumers on their options and guiding them through the process of plan selection. 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.

New Jersey Medicare Resources

New Jersey’s population continues to increase, rising from 8.95 million in 2015 to more than 9 million in 2019. Here are the top five counties by population:

  • Bergen, 937,920
  • Middlesex, 837,288
  • Essex, 800,401
  • Hudson,679,756
  • Monmouth, 627,551

New Jersey has nearly 1.354 million seniors. Here are a few more Medicare statistics:

  • New Jersey had more than 1.2 million Medicare enrollees, roughly 13 percent of the population.
  • About 89 percent of seniors are enrolled in Medicare Part and Part B.
  • Over 437,503 Medicare beneficiaries had Medigap plans in New Jersey.
  • Plans F, C, and N are the top three Medicare Supplement insurance plans in New Jersey.

State Health Insurance Assistance Program (SHIP)

County Office on Aging

New Jersey Department of Insurance

CMS: Centers for Medicare and Medicaid Services

Related Topics:
Aetna Medigap Plan G
Cigna Medigap Plan G
Mutual of Omaha Plan G
Medicare Supplements 2023

Key Take Aways

  • The average Plan G premium for a female nonsmoker aged 65 is $156 in 2022.
  • You will have to pay the Part B deductible out of pocket if you choose Medicare Plan G.
  • Medicare Plans F and Plan G have the most comprehensive coverage, but they also have the highest premiums.