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Best Medicare Supplement Plans in South Dakota 2021

Many Medicare beneficiaries are beating out-of-pocket costs by enrolling in a Medicare Supplement plan in South Dakota. The federal Medicare program has a lot of gaps in coverage, resulting in out-of-pocket expenses. Beneficiaries have the option to pay one monthly premium for Medicare Supplementary benefits rather than keeping up with those uncovered expenses. That option comes with Medicare Supplement plans in South Dakota.

What are the Top 5 Medicare Supplement Plans in South Dakota?

Of the 10 Medigap plans in South Dakota, there are five that work best for the majority of beneficiaries. The following information will introduce each plan and allow you to compare the list of benefits for each of your leading plan options.

1. Best complete coverage: Medicare Plan F

If your Original Medicare start date is before January 1, 2020, you’re eligible to apply for Medicare Plan F. This is the most complete coverage offered and will eliminate most out-of-pocket costs, including copayments.

Some of the most noteworthy Plan F benefits include:

  • Medicare Part A deductible
  • Medicare Part B deductible
  • Part B excess charges
  • Medicare Part A coinsurance
  • Medicare Part B coinsurance
  • Foreign travel emergency care (up to plan limits)

2. Best comprehensive plan: Medicare Plan G

Plan G doesn’t cover the Medicare Part B deductible but is otherwise identical to Medicare Plan F. It’s the most complete coverage available to beneficiaries with Part B effective dates after January 1, 2020.

3. Best value: Medicare Plan N

Medicare Plan N covers the Part A deductible and coinsurance but has some limitations when it comes to Medicare Part B coverage. It excludes the Part B deductible and excess charges in addition to requiring the following copayments:

  • A maximum of $20 for doctor visits
  • A maximum of $50 for emergency room visits

4. Best deductible plan: High-Deductible Plan F

If you want the full Plan F benefits but with significantly lower monthly premiums, the high-deductible version of Plan F is a good option. The advantage is more affordable premiums. The disadvantage is that you must pay the full of $2,370 deductible out of pocket each year.

5. Best for lowest premiums: High-Deductible Plan G

The high-deductible Plan G gives you the full Plan G benefits with a much lower monthly premium. You’re required to pay the full deductible out of pocket of $2,370 every year before your benefits are fully accessible.

What is the Best Supplemental Insurance to go with Medicare?

The best Medicare Supplement insurance plan in South Dakota is different for every beneficiary. While one person rarely sees a doctor and prefers to keep their monthly premium low, another person may prefer comprehensive coverage that allows them to see the doctor often with no copay.

Before you decide on your preferred Medicare coverage, it’s important to compare pricing and plan options online. Our Policy Guides can help.

What is the most popular Medicare Supplement plan in South Dakota for 2021?

Now that Medigap Plan F has eligibility restrictions, Plan G is quickly becoming the most popular plan option in South Dakota. Many Medicare beneficiaries prefer the full coverage that includes Part B excess charges, coinsurance, and one or both Original Medicare deductibles.

Which plan has the best benefits in South Dakota?

Medicare Supplement plans F and G have the best benefits if you want to eliminate out-of-pocket costs. Plan N is the best option if you can afford to pay a small copay to see the doctor and want slightly lower rates. For the lowest rates and most reasonable coverage options, consider a high-deductible Medigap plan.

All Medicare Supplement plans in South Dakota require beneficiaries to pay for separate prescription drug coverage. Medicare Part D plans are the best option.

How do I choose the best plan?

Do you prefer to eliminate all out-of-pocket costs, or can you handle paying some copays or even the Medicare Part B deductible out of pocket? The biggest decision Medicare beneficiaries must make is whether they want to keep their premiums low or pay more each month for more comprehensive Medicare coverage.

You should make that decision by thinking about how often you visit the doctor and emergency room. The more extensive your need for medical care, the more you may need to pay for a comprehensive plan like Medigap Plan F or G.

Which Medigap company offers the best rates in South Dakota?

The Medicare insurance company offering the most reasonable rates in your zip code may not look so affordable in other South Dakota regions. Our Policy Guides can help you determine the best insurer for your Medigap policy.

What is the Average Cost for a Medicare Supplement Plan in South Dakota for 2021

South Dakota Medigap premiums are dependent on a variety of factors. As an example of potential rates for a Medigap plan in South Dakota, we ran quotes for a 65-year-old female who doesn’t smoke and lives in zip code 57106, Lincoln County.

  • Medicare Plan G – $92.94 – $191.00 range; $132 average per month
  • Medicare Plan N – $81.17 – $122.80 range; $100 average per month
  • High-Deductible G – $28.20 – $47.88 range; $38 average per month

Common South Dakota Medicare Supplement Plan Questions

What Companies Sell Medigap Plans in South Dakota?

There are approximately 50 insurers offering Medigap plans in South Dakota. When selecting a Medicare Supplement insurance company, it’s important to consider the financial rating and stability of the company in addition to pricing.

The following private insurance companies have excellent to superior financial ratings and are well known for offering competitive rates plus excellent customer care:

  • Mutual of Omaha
  • Cigna
  • Aetna

When Can I Apply for a South Dakota Medicare Supplement Plan?

If you’re 65 years old and your eligibility for Social Security is established, you can apply for a Medicare Supplement insurance plan in South Dakota at any time.

What’s the catch? The insurance company can put your application through medical underwriting and raise your rates based on pre-existing conditions if you apply outside of your Medigap Open Enrollment Period. The insurer can even deny your application.

So, what is the open enrollment period? It starts the month that you turn 65 and sign up for Original Medicare. It opens your eligibility for the following guaranteed issue rights:

  • You are guaranteed enrollment in the plan of your choice.
  • Your rates are not based on your medical history.
  • The insurer cannot cancel your policy unless you stop making monthly premium payments.

You can enroll in a Medicare Part D plan while applying for your Medigap plan. That will complete your Medicare benefits package.

Which is better, Medigap Plan G or Plan N?

Plan G is more expensive than Plan N but offers more protection against out-of-pocket expenses. If you want the most complete coverage possible but need to limit your monthly premium, apply during your open enrollment period to ensure your current or past health condition won’t impact your rates. Compare rates online before committing to a supplemental health care plan.

What is Medicare Supplement Insurance?

A Medigap plan in South Dakota will pick up out-of-pocket costs that are outstanding after Original Medicare pays for all eligible medical expenses. They differ from Medicare Advantage plans by working with Medicare Part A and Medicare Part B rather than replacing them.

Medicare Supplement insurance plans are issued by private health insurance companies or licensed insurance agents. Beneficiaries pay a monthly premium for a supplemental insurance policy designed to expand the basic benefits offered by Medicare.

Prescription drug coverage isn’t included in any of the South Dakota Medigap plans. Most beneficiaries sign up for a Medicare Part D plan to cover their expenses at the pharmacy.

Is Plan G the Best Medigap Plan in South Dakota?

How Much Does Plan G Cost?

You should include the price of a Part D prescription drug plan when determining the full cost of Medigap Plan G insurance. While current or past health conditions don’t impact the rates for Medigap policies during the open enrollment period, medical history is a factor outside of that enrollment period.

Rates for South Dakota Medigap policies vary by zip code, but they’re often the same or similar for multiple areas. For example, look at rate quotes for a 65-year-old female beneficiary who doesn’t smoke. The rates are the same in two zip codes.

  • Zip code 57106 – $132 per month on average
  • Zip code 57701, Meade County – $132 per month on average

What is the Plan G Deductible in 2021?

Medigap Plan G doesn’t have a deductible. You will pay for the Medicare Part B deductible out of pocket, which is $203 for 2021.

What does Medigap Plan G Cover in South Dakota?

Related Topics

Plan G by State

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 process of plan selection. We work closely with some of the nations 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 or about Medicare Part D Prescription Drug plans, or request a Medicare Supplement Plan Quote.

South Dakota Medicare Resources

South Dakota Enrollment Statistics

Seniors from all over the state shop for Medicare Supplement insurance plans in South Dakota, including those from the five largest counties:

  • Minnehaha County
  • Pennington County
  • Lincoln County
  • Brown County
  • Brookings County

A few more stats about Medicare recipients and Medigap plans in South Dakota:

  • More than 129,000 people who live in South Dakota are enrolled in either Medicare Part A, Medicare Part B or both.
  • Of the 129,000 Medicare recipients across the state, 65,201 were enrolled in a Medigap plan in 2015. This means that 51.6 percent of Medicare recipients in South Dakota rely on Medicare Supplement plans.
  • Medigap Plan F was by far the most popular Supplement plan for South Dakota residents in 2015.
  • Of the Medicare Supplement plans in South Dakota, Plan M was the least popular in 2015.
Key Take Aways
  • There are 10 Medicare Supplement Plans in South Dakota to choose from.
  • In South Dakota, Medicare Supplement Plan G is the most popular plan.
  • Medigap Plans do not use a network, go wherever Original Medicare is excepted.
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