Best Medicare Supplement Plans in Texas 2024
Ten Medicare Supplement insurance plans in Texas are designed to help Medicare beneficiaries pay for healthcare expenses that Original Medicare (Part A and Part B) does not cover.
Because there are “gaps” between what Medicare approves and pays, these supplemental policies are called Medigap policies.
Of the ten plans offered in Texas, we found Medicare Supplement Plan G is the best plan for 2024. American Home Life Insurance Company offers the best monthly cost of $101.20 for Plan G.
Below are the key coverage highlights for the top four plans:
Medicare Supplement Plan G
- Medicare Plan G doesn’t cover the Medicare Part B deductible but otherwise offers the same Medicare benefits as F.
- Plan G is the best plan in Texas and offers the most comprehensive coverage.
- There are 416,173 enrollees in Plan G.
Medicare Supplement Plan N
- Medicare Plan N is a good option if the rates for Plan G are out of your budget. The benefits are similar, except for doctor’s offices and emergency room visits
- Currently, 76,705 beneficiaries are enrolled in Plan N.
- Plan N subscribers will pay up to $20 when visiting a doctor’s office and up to $50 when visiting the ER. The ER copay is waived upon admission.
Best Low-Cost Plan: High Deductible Plan G
- High Deductible Plan G offers the same benefits as Medicare Plan G.
- The deductible for this plan is $2,700 per year.
- It is more affordable than Medicare Plan G and considerably less expensive than High Deductible Plan F.
- This plan covers everything included in High Deductible Plan F, except for the Part B deductible.
Medicare Supplement Plan F
- Medicare Plan F was the top Medigap plan in Texas for many years, but it’s no longer available to new Medicare beneficiaries. So if you signed up for Medicare Part B on or after January 1, 2020, you must select a different supplemental policy.
- Plan F has the highest number of enrollees at 387,814.
What’s the Most Popular Medicare Supplement Company in Texas?
After thoroughly considering various factors, we have determined that American Home Life Insurance Company provides the most cost-effective pricing for Plan G in Texas.
This company has multiple plan options, offers discounts on household premiums, and has received high customer satisfaction ratings.
To aid in your decision-making process, we have provided a chart that compares American Home Life Insurance Company to other Medicare Supplement companies in Texas, including sample premiums and ratings.
| Company | AM Best Rating | Plan G Rates | Plan A Rates | HDG Rates | Plan F Rates |
|---|---|---|---|---|---|
| American Home Life Insurance Company | B++ | $101.20 | $100.69 | n/a | $122.43 |
| Ace Property and Casualty Insurance Company | A++ | $101.25 | $100.25 | $39.75 | $115.58 |
| SBLI USA Life Insurance Company, Inc (Prosperity) | A- | $101.41 | $100.39 | n/a | $112.26 |
| American Benefit Life Insurance Company | A- | $103.74 | $103.22 | n/a | $129.39 |
| AFLAC | A+ | $103.93 | $103.41 | n/a | $126.57 |
| Humana Insurance Company | A- | $104.63 | $104.11 | $46.89 | $126.97 |
| Manhattan Life Assurance Company | B++ | $108.00 | $108.00 | n/a | $131.92 |
| United States Fire Insurance Company | A | $111.92 | $113.25 | $36.83 | $135.58 |
| Elips Life Insurance Company | A | $113.58 | $112.50 | $42.08 | $136.17 |
| Capitol Life Insurance Company | A- | $115.01 | $130.02 | n/a | $157.35 |
| Philadelphia American Life Insurance Company | A- | $115.75 | $110.37 | $28.66 | $158.70 |
| Cigna National Health Insurance Company | A | $116.63 | $124.09 | $44.63 | $155.30 |
| Mutual of Omaha Insurance Company | A+ | $122.67 | $125.95 | $42.06 | $172.17 |
| Amerigroup (an Anthem Company) | A | $124.33 | $127.23 | n/a | $165.88 |
| Union Security Insurance Company | B++ | $127.76 | $127.16 | n/a | $173.69 |
| Aetna Health Insurance Company | A | $128.25 | $116.04 | n/a | $162.77 |
| Medico Insurance Company (Preferred) | A | $140.97 | $133.93 | $48.64 | $170.67 |
| Guarantee Trust Life Insurance Company | A- | $158.12 | $147.67 | n/a | $203.28 |
| GPM Health and Life Insurance Company | A- | $172.08 | $157.59 | n/a | $203.99 |
| Heartland National Life Insurance Company | NR | $190.82 | $149.33 | n/a | $226.26 |
| Bankers Fidelity Assurance Company (Preferred) | A- | $220.66 | $161.08 | $45.38 | $158.90 |
Best Time to Apply for a Medicare Supplement Insurance Plan in Texas
Every beneficiary has a Medigap Open Enrollment Period, which lasts six months, starts when they are 65, and signs up for Medicare Part B.
You will pay the lowest premiums for any Medigap plan in Texas when you enroll during your Open Enrollment Period due to the following guaranteed issue rights:
- Acceptance – No Medicare insurance company can deny coverage under Texas’s Medicare Supplement plans.
- Fair Rates – The insurer must give every new subscriber the same benefits without medical underwriting. No health condition can disqualify you.
- Automatic Renewals – Your policy will renew yearly as long as you pay your monthly premiums.
These rights are guaranteed only if you apply during that Medigap Open Enrollment Period. Then, you can apply for a Medicare Supplement insurance plan in Texas later. Still, the insurance company will determine your rate based on your medical history and may deny you coverage.
Some special circumstances may allow you to receive those guaranteed rights after your initial enrollment period has passed. For instance, losing medical coverage from a job after retiring would open a special enrollment period.
You may also switch supplement policies if you move into a new service area because available policies and rates vary by zip code.
We’re Happy to Help
We are experts in helping Medicare beneficiaries navigate their Medicare insurance choices. We partner with some of the highest-rated Medigap providers in the country to ensure you receive top-notch assistance.
Take a closer look at our Medicare Supplement Plans Comparison Chart to explore the options in detail.
You can also give us a call or submit an online quote request to learn more about our services.
Frequently Asked Questions:
Popular Medigap companies in Texas include American Home Life Insurance Company, AFLAC, Aetna, Cigna, Humana, Mutual of Omaha, and UnitedHealthcare.
Plan G is the most popular Medicare plan in Texas. Plan G helps cover extra costs that Original Medicare doesn’t cover.
Article Resources:
- Types of Medigap Plans
- How Much Do Medigap Plans Cost?
- When Can I Apply for a Medicare Supplement Plan?
- How Do I Enroll in a Medigap Plan?
- When Can I Change Medigap Plans?
- Can I Be Denied Medigap Coverage?
- CMS Medicare Services
- Texas Medicare Supplement Insurance Guide
- Texas Companies with Medicare Supplement Insurance
Disclaimer:
Average quotes are for sample purposes only. Actual premiums are based on several factors, including health conditions, age, location, tobacco status, gender, and insurance provider.
