If you just started to receive your Medicare Part A and Medicare Part B or Original Medicare insurance benefits, you may have noticed that there is a lot that you are responsible for paying. However, this does not have to concern you because you are entitled to purchase a Medicare Supplement insurance plan in Rhode Island if you have Medicare Part B and are at least 65 years of age.
Medicare Supplement Plan options in Rhode Island
The top five Medigap insurance policies are Plans F, G, N, and the high-deductible F and G plans. Following are brief descriptions of each. As you compare the plan options, jot down any questions you have for our Policy Guides.
- All-inclusive plan
- Includes Part A deductible, Part B deductible, foreign travel emergency
- Not an option for Medicare beneficiaries whose eligibility effective date was on or after January 1, 2020
Plan F also covers Part B excess charges, but these charges are not allowed in Rhode Island, so this benefit is not applicable.
- Lower monthly premium than F
- Covers almost all the same benefits as F
- Does not cover Medicare Part B deductible
- Lower monthly premium than G
- Does not cover copayments, which are $20 for office visits and up to $50 for emergency room visits
High-Deductible Medigap Plan G
- Lower premium than the original Plan G
- Same benefits as G
- Requires you to satisfy the annual deductible amount before the plan pays Medicare-covered medical expenses
- Deductible due in 2022 is $2,490
Top rated Medicare Supplement Companies in Rhode Island
Following are the highest rated and well-established insurers for Medigap in Rhode Island according to various rating agencies:
- Cigna: Moody’s financial strength A1; BBB A+
- Globe Life: Standard & Poor’s financial strength AA-; BBB A+
- United American: A.M. Best financial strength A+; Medigap insurer since the 1960s
Medicare Supplement Insurance Cost in Rhode Island
To get an idea of the average premium for Medigap insurance on Rhode Island, consider this profile:
- 65 years old
- Lives in Providence, zip code 02860
Based on this profile, the following are current rates:
|Plan type||Premium Range|
|Plan F||$180.00 – $300.00|
|Plan G||$117.00 – $220.00|
|Plan N||$90.00 – $200.00|
When Can I Apply for a Medigap Plan?
Submit your application for Medicare Supplement insurance plans during the Medigap Open Enrollment Period to take advantage of:
- More plan options
- Better prices
- Your health conditions do not impact pricing
Open enrollment for Medigap differs from the standard enrollment periods for Medicare Advantage or the Medicare Part D plan (prescription drug coverage). The Medigap Open Enrollment is based on when you turn 65 and enroll in Medicare Part B.
- Starts the month of your 65th birthday
- Requires you first to be enrolled in Part B
- Ends six months from the start date
If you miss this opportunity, your application may go through medical underwriting, which means a Medigap policy may not be offered to you or at a high cost based on your health conditions.
If you have a guaranteed issue right, the insurer cannot refuse to sell you a Medigap policy or refuse to cover your pre-existing conditions. There are several situations when guaranteed issue rights apply. Our Policy Guides can help you determine if this applies in your case.
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.
|Aetna Medigap Plan G|
Cigna Medigap Plan G
|Mutual of Omaha Plan G|
Medicare Supplements 2023
Rhode Island Medicare Resources
Rhode Island Enrollment Statistics
Of the entire population of Medicare recipients in Rhode Island, 34.9 percent of them decided to purchase Medigap policies in Rhode Island in 2015.
Below is a list of the five counties in Rhode Island:
- Providence County, with 626,667 residents
- Kent County, with 166,158 residents
- Washington County, with 126,979 residents
- Newport County, with 82,888 residents
- Bristol County, with 49,875 residents