Medicare Supplement Plans in Utah
Medicare Supplement plans in Utah will help cover expenses not included in Original Medicare, such as copays, coinsurance, excess fees, and any medical emergencies encountered while traveling abroad.
Medicare may standardize Medigap policies, but the cost and accessibility of these plans differ depending on age, gender, insurance provider, and residing state. In Utah, these plans are regulated by state-mandated laws and overseen by an insurance commissioner.
When looking for Medigap plans in Utah, it is essential to understand the cost and access factors that determine its affordability.
Key Takeaways:
- You have a choice of ten Medigap plans to consider.
- In Utah, Medigap Plan G is the most popular.
- Plan G premiums vary from $105 to $382 monthly.
- The cheapest Plan G rate is from Ace Property and Casualty Insurance Company at $105 monthly.
What’s the Most Popular Utah Medigap Plan in 2023?
Medigap Plan F and Plan G are the most popular choices among Utah residents.
Plan F, which had more than 38,300 beneficiaries, is no longer available to new enrollees after 2020. As a result, Plan G has emerged as the preferred alternative, with 32,784 new enrollees.
Plan N is also gaining popularity, attracting over 8,400 new beneficiaries. In addition, there are some lesser-known options such as Plan C with 1,337 enrollees, Plan K with 504 enrollees, Plan L with 244 enrollees, and Plan A with 441 enrollees.
Which Provider Has the Cheapest Medigap Rates in Utah?
Ace Property and Casualty Insurance Company offers Utah’s most affordable Plan G. When selecting a Medicare Supplement plan, it is crucial to conduct thorough research. Compare policies, prices, and coverage to ensure you find the best match for your needs.
To assist you in evaluating your options, we have created a comprehensive comparison chart that includes important details like sample premiums and ratings.
| Company | AM Best Rating | Plan G Rates | Plan N Rates | Hi-F Rates | Plan F Rates |
|---|---|---|---|---|---|
| Ace Property and Casualty Insurance Company | A++ | $105.00 | $78.08 | n/a | $122.08 |
| Allstate Health Solutions | A+ | $106.49 | $80.77 | $39.73 | $132.05 |
| SBLI USA Life Insurance Company, Inc (Prosperity) | A- | $106.68 | $77.80 | n/a | $116.20 |
| American Home Life Insurance Company | B++ | $107.63 | $78.00 | n/a | $131.18 |
| Manhattan Life Assurance Company | B++ | $108.92 | $84.33 | n/a | $130.17 |
| United States Fire Insurance Company | A | $110.83 | $76.50 | n/a | $124.00 |
| American Benefit Life Insurance Company | A- | $113.99 | $81.76 | n/a | $136.68 |
| AFLAC | A+ | $115.46 | $83.09 | n/a | $130.72 |
| Elips Life Insurance Company | A | $118.58 | $90.25 | n/a | $142.17 |
| Cigna National Health Insurance Company | A | $123.34 | $85.20 | n/a | $136.84 |
| Capitol Life Insurance Company | A- | $126.07 | $91.84 | n/a | $159.48 |
| Medico Life and Health Insurance Company (Preferred) | A | $126.59 | $98.32 | $45.98 | $153.26 |
| Union Security Insurance Company | B++ | $129.52 | $96.31 | n/a | $167.98 |
| Humana Insurance Company | A- | $133.48 | $112.24 | $41.33 | $172.17 |
| Aetna Health and Life Insurance Company | A | $135.95 | $93.71 | $57.73 | $176.60 |
| Philadelphia American Life Insurance Company | A- | $142.48 | $116.75 | $37.06 | $189.63 |
| GPM Health and Life Insurance Company | A- | $145.42 | $80.53 | n/a | $203.24 |
| Bankers Fidelity Assurance Company (Preferred) | A- | $151.37 | $87.31 | n/a | $181.16 |
| Regence BlueCross BlueShield of Utah | A | $152.00 | $134.00 | n/a | $186.00 |
| United American Insurance Company | A | $157.00 | $150.00 | $28.00 | $183.00 |
| Omaha Insurance Company | A+ | $191.32 | $118.66 | $44.74 | $241.28 |
| Guarantee Trust Life Insurance Company | A- | $196.61 | $149.02 | n/a | $247.01 |
| Assured Life Association | NR | $209.48 | $100.20 | n/a | $284.19 |
How Much Do Medigap Plans Cost in Utah?
Here are the most affordable Medigap plan rates in Utah offered by various insurance companies:
- Plan G from Ace Property and Casualty Insurance Company is $105 monthly.
- United States Fire Insurance Company offers Plan N at a monthly cost of $76.50.
- United American Insurance Company provides High Deductible Plan F, which costs $28.
- Plan F from Ace Property and Casualty Insurance Company has a monthly cost of $116.20.
The actual monthly premium for your Medicare Supplement plan may differ depending on various factors, including your age, location, and the insurance company you select.
Medigap Plan Rate Increases
Medigap plan rates are subject to increase over time due to a variety of factors. The most common reasons for these increases include inflation, medical cost trends, and changes in Medicare deductibles and copayments. These changes can impact the cost of healthcare services, ultimately leading to higher premiums for Medigap policyholders.
It’s helpful for those considering a Medigap plan to understand these potential increases and factor them into their long-term healthcare planning.
Will Medigap Pay For My Medicare Deductible?
Yes, certain Medigap policies can cover your Medicare deductible.
Plans that offer coverage for the Part A deductible:
- Plan B
- Plan C
- Plan D
- Plan F
- Plan G
- Plan N
Plans that offer coverage for the Part B deductible:
- Plan C
- Plan F
*Medigap Plans C and F are commonly selected options due to their coverage for Part A and Part B deductibles. However, it’s important to be aware that new Medicare enrollees cannot purchase either Plan F or Plan C beginning January 1st, 2020.
You can compare plan benefits further using our Medicare Supplement Plans Comparison Chart.
Ready to Enroll?
To enroll in a Medigap plan, simply get in touch with one of our agents during your Open Enrollment Period or if you have guaranteed issue rights. They will assist you in completing the application and selecting your desired policy start date.
Our team specializes in guiding Medicare beneficiaries through their insurance options, working closely with top-rated Medigap carriers to ensure exceptional service.
Contact us today to learn more or request a quote online.
Frequently Asked Questions:
The average monthly premium can range between $28 and $382. The cost of Medicare Supplement plans in Utah varies, depending on the chosen plan.
Ace Property and Casualty Insurance Company offers the cheapest Plan G rate in Utah.
Medigap Plan G in Utah can cost $105 to $382 per month, depending on the provider and factors such as age, gender, smoker status, and location.
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
- Utah Medigap Comparison Chart
- Utah Medicare Assistance Program
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.
