Medicare Supplement Plan C Rates & Benefits
There are 10 different Medicare Supplement insurance plans that Medicare beneficiaries in most states can choose from if they want to save on out-of-pocket expenses, and Medicare Supplement Plan C is one of them. If you are hoping to purchase a Medicare Supplement plan that offers comprehensive coverage, then you’ll probably want to explore Medicare Supplement Plan C as an option.
This plan is a great Supplement for Medicare Part A and Medicare Part B, and it’s offered by many private insurance companies in the United States. If you’re in your Open Enrollment Period or will be soon and if you’re hoping to save on out-of-pocket costs like co-pays, checking out this plan — along with other popular plans, like Medigap Plan F, high deductible Plan F, Plan G or even Plan A — is a smart decision.
Medicare Supplement Plan C Costs, Coverage and Benefits
Exploring the costs, coverage, and benefits of this Medigap plan will help you determine if it’s the best health care choice for you. You’ll want to compare its benefits to the benefits of the other Medicare Supplement plans. Beneficiaries who compare plans are typically able to find the best plans with the best benefits.
What is covered by Medicare Supplement Plan C?
You are probably wondering what is covered by Medicare Supplement Plan C. After all, you are probably hoping to sign up for a plan that will help you with things like the Medicare Part A deductible and various copayments and coinsurances.
Medicare Supplement insurance Plan C is the same from insurance company to insurance company. It’s a comprehensive plan that is similar to Medicare Supplement Plan F. These are the things that are covered by Medicare Supplement insurance Plan C:
- Medicare Part A coinsurance and hospital costs
- Medicare Part A hospice care coinsurance and copayments
- Medicare Part B copayments
- Medicare Part B coinsurance
- Skilled nursing facility care (SNF) coinsurance
- Medicare Part A deductible
- Medicare Part B deductible
- First 3 pints of blood for a necessary medical procedure
- Foreign travel emergency coverage (80 percent of approved costs up to plan limits
As you can probably see, beneficiaries of this plan can enjoy many health care benefits over some of the other plan options that are out there. When you compare this plan to other plans that aren’t as comprehensive, you’ll probably see why many insurance agents recommend it as the best option.
What is not covered by Medicare Supplement Plan C?
Even though Medicare Plan C covers a lot of medical expenses for medical services that aren’t covered by Original Medicare, it doesn’t cover everything. These are some of the costs that are not included with your benefits:
- Medicare Part B excess charges
- Medicare Part D drug plan
- Medicare Part B premium
Of course, you should be aware that the Medicare Part B premium is not included in the benefits of any Medicare Supplement plan. Prescription drug coverage benefits aren’t included in the monthly premium of any of these plans, either. Therefore, you don’t have to worry about these benefits when you compare this Supplement to others.
Medicare Supplement Plan C Rates
How much you will pay for your monthly premium for Medicare Plan C will depend on the insurance agency that you purchase your policy from. For the lowest monthly premium, you’ll definitely want to shop around. Then, you can enhance your Original Medicare coverage in the most affordable way possible.
One thing that you will want to be aware of when shopping for Medicare Supplement Plan C rates is the pricing method that the insurance company uses. There are three different ways that Medicare Supplement rates can be calculated. These are those three methods:
- Community-rated – When Medicare Plan C rates are calculated with this method, everyone who has the same plan with the same insurance company will pay the same rates. The risk is spread out among everyone who signs up for the plan, so if you are someone who is prone to high rates because of age or other reasons, you may find that you will get the best Medicare Supplement Plan C pricing with a community rated plan.
- Issue-age – Some companies calculate their Medigap Plan C rates based off of your age when you first sign up. When people buy Medicare Supplement plans from companies that calculate their Medigap Plan C rates this way, they do not have to stress about their rates going up later on because of their age. To score the best Medicare Supplement Plan C pricing from a company that uses this model, it’s ideal to sign up as soon as you’re eligible and enrolled in Medicare Part A and Part B.
- Attained-age – Medicare Plan C rates that are calculated this way often seem cheaper when you first purchase them. However, pricing will go up over time as you get older.
Our Best Rated Companies Offering Medicare Supplement Plan C
At My Medigap Plans, we work with all of the best Medicare Supplement Plan C providers. The best-rated Medicare Supplement companies offering Medicare Supplement Plan C, in our opinion, are listed here:
These are our favorite providers for Medigap Plan C and other Medicare Supplement plans for the following reasons:
- Top financial strength and ratings
- Long history in the health industry
- Great tools and ease of access at all points of the process
- Great customer service
- Competitive rates and stability over time
- Customer satisfaction
You may want to compare options from other companies, too. When you do, though, we think that you might find that the companies above offer the best benefits for beneficiaries like you.
Does Medigap Plan C cover Prescription Drugs?
Medicare Supplement Plan C will help you cover a lot of the coverage gaps that are left behind by Original Medicare. Although it can help you save money when you go to the emergency room, when you have doctor’s office visits or when you otherwise need medical services, it’s not going to help you pay for prescription medication.
Paying out-of-pocket for your own prescription medication can really add to your medical expenses, even if you are saving on doctor’s office visits and other costs because of your Supplement. A Medicare Part D prescription drug plan can help, though. It’s essential to sign up for this coverage as soon as you are eligible for the basic benefits of Medicare Part A and Part B. This will allow you to start saving money on your prescription medications as soon as you’re eligible. It’s also essential if you want to avoid paying the Medicare Part D late enrollment penalty later on.
When can you enroll in Medicare Supplement Plan C?
If you are wondering when you can enroll in Medicare Supplement Plan C, you’ll be happy to know that you can enroll at any time, as long as you are enrolled in Medicare Part A and Part B.
It’s ideal to sign up for Medicare Supplement plans is during your Medigap Initial Enrollment Period. This period starts three months before you turn 65 and lasts for three months after your birthday. The reasons to sign up for Medicare Supplement plans during this time are simple: There is no medical underwriting. Your rates won’t be higher because of medical conditions, and you will not get turned down for Medicare Supplement plans because of your health.
If you have missed this period, you might be concerned about whether or not you’ll be able to find any Medicare Supplement plans that you can sign up for. This is a valid concern, but our licensed insurance agents can help you find a health insurance option. As long as you are signed up for the federal Medicare program, we can probably help you find a plan. The different companies that offer Medicare Supplement plans have different medical underwriting requirements, so even if you get turned down from a plan by one insurance agency, we may be able to help you find another option that you can use to supplement your Medicare benefits.
Medicare Supplement Plan C Review
Medicare Supplement insurance is a good option for anyone who wants to enhance the basic benefits of the Medicare program. Medigap Plan C is great for supplementing Medicare benefits.
If you’re on a tight budget or if you don’t have a lot of medical expenses or need a lot of medical services, then you might want to look for a plan with a lower premium. If you want a health insurance option that offers comprehensive coverage on top of your basic Medicare benefits, though, Medigap Plan C is definitely worth your consideration. It’s a more expensive plan when you compare plans with fewer benefits, but it offers great health insurance coverage.
When trying to decide if Medigap Plan C is right for you, you should realize that Medigap Plan C (or any other Medigap policy) is not a Medicare Advantage plan (Medicare Part C). This has both pros and cons. Many people prefer Medigap plans because they don’t have network restrictions and because they often offer a lot of benefits on top of Original Medicare. Medicare Advantage plans, on the other hand, are usually HMO or PPO plans. These plans often have service area network restrictions. However, wellness benefits are often included. Additionally, your Medicare Advantage plan might include hearing, vision and dental coverage, which is not the case with any Medigap policy. Medicare beneficiaries should compare Medicare Advantage and Medigap plans to choose the best health care option for them.
We know about the best Medicare Supplement insurance companies, and we can help you do a comparison of plans so that you can find the best plan and the best rates. You can use our Medicare Supplement plans comparison chart to check out your options and choose the one that is best for you. You can also look for Medicare Supplement plan quotes online, or you can give us a call so that you can get one-on-one help with your comparison and search for the best coverage and benefits. Don’t wait until your six months are almost up for your enrollment period; instead, start looking for Medigap plans today.