Medigap policies can help you manage healthcare costs by picking up the bill for deductibles, coinsurance, and copayments from Original Medicare insurance. To ensure that you select the best Medicare Supplement plan in New York for your needs, take a moment to learn more about how Medigap Insurance works in this state.
Medicare Supplement Plan options in New York
Medicare Supplement Plan F
Medigap Plan F is a Medicare Supplement insurance plan with a comprehensive benefit level; however, the recipient must have a Medicare start date prior to January 1, 2020. Its primary selling point is that it includes the Medicare Part A and Medicare Part B deductible.
Medicare Supplement Plan G
Medigap Plan G has the most comprehensive coverage for those with a Medicare effective date post-January 1, 2020. Also, it is a significant cost savings plan vs. Plan F for individuals that can have the option to choose either.
Medicare Supplement Plan N
Medigap Plan N is excellent for individuals wanting comprehensive coverage but is willing to trade certain benefits for additional monthly savings. For example, ER visits generally have a $50 copay, but if admitted, the copay is waived. As for doctor’s visits, it will cover up to $20.
High Deductible Medicare Plan F
The high deductible version of Plan F is the same but requires an annual deductible to be met before coverage kicks in. This plan is substantially cheaper than the original plan F option.
High Deductible Medicare Plan G
This plan is similar to Plan G, except for the annual deductible to be met before coverage starts. Plan G with Higher Deductible is more affordable than the other Plan G option.
Top rated Medicare Supplement Insurance Companies in New York
1. Cigna – Known for Their Guidance and Help
Cigna is rated as a trusted company with over 165 million customers who can access their Medicare plan anytime, anywhere.
2. Aetna – One of the Largest Health Insurers
Aetna has more $0 premium Medicare Advantage plans, extensive extra benefits, and pay your premium at some CVS locations.
3. Mutual of Omaha – Considered Most Financially Stable
MOH has great customer satisfaction and local agents to help you understand what plans are best for you.
Medicare Supplement Insurance Cost in New York
The average cost will depend on the insurer. Their pricing will be based on community ratings, issue age, and attained age. Community rating is priced for beneficiaries of all ages, whereas issue age is based on the age at purchasing, and attained age premiums increase with age.
|Plan type||Premium Range|
|Plan F||$180.00 – $300.00|
|Plan G||$117.00 – $220.00|
|Plan N||$90.00 – $200.00|
Ready to Learn More?
My Medigap Plans is a rapidly growing resource for Medicare beneficiaries. We specialize in educating consumers on their options and guiding them through the plan selection process. We work closely with some of the nation’s top-rated carriers, such as Aetna, Cigna, 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 about Medicare Part D Prescription Drug plans, or request a Medicare Supplement Plan Quote.
New York Medicare Resources
New York Enrollment Statistics
You might be interested in learning about other New York Medicare recipients. But, first, review a few facts about New York Medicare and Medicare Supplement insurance plans:
- About two million New York residents have enrolled in Medicare Part A and Part B.
- Over 400,000 people enrolled in Medicare Supplement plans in New York.
- About half of the state’s beneficiaries decided that Plan F was the best Medicare Supplement insurance plan in New York.