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Medicare Supplement Plans in Vermont

If you are looking for the best Medicare Supplement plans in Vermont, you must have been enrolled in Medicare Part A and Part B. You may already be aware that the Medicare insurance company helps pay a large portion of your medical bills, but it doesn’t pay absolutely everything. Because of this, you may have large bills that you will need to pay, but Medicare Supplement insurance plans in Vermont can help you bring those costs down.

Medigap plans in Vermont are known as “Medigap” because they fill in the gaps that your Original Medicare insurance leaves for you to cover. This article will help you understand how Medigap policies can lower your overall medical costs in Vermont.

What is the best Medicare Supplement Plan in Vermont?

1. Best full coverage: Plan F

Plan F has been the most popular of the Medicare Supplement insurance plan in Vermont, but it is limited to those who became eligible for the federal Medicare program before January 1, 2020.

When you purchase Plan F, your benefits will include

  • Part A hospital coinsurance
  • Hospital costs up to 365 days after benefits through Original Medicare are exhausted
  • Part A hospice care copays or coinsurance
  • Part A deductible
  • Part B deductible
  • Part B preventive office visit coinsurance
  • Part B coinsurance or copays
  • Excess charges for Medicare Part B
  • First three pints of blood needed for a medical procedure
  • Coinsurance for care in a skilled nursing facility
  • Limited foreign travel emergency care

2. Best comprehensive plan: Plan G

For those whose Medicare eligibility began after Jan. 1, 2020, Plan G offers the most comprehensive coverage. Plan G covers everything in Plan F except for the Part B deductible, which is $233 in 2022.

3. Best value: Plan N

Medigap Plan N covers all of Medicare Part B coinsurance costs. However, it requires a $20 co-payment for office visits and up to $50 for emergency room visits. Like Plan G, it doesn’t cover the Medicare Part B deductible.

Plan N covers:

  • Medicare Part A coinsurance and hospital stays up to 365 days
  • Medicare Part B coinsurance for outpatient care and procedures
  • Medicare Part B copays at doctors’ offices
  • Blood transfusion up to the first three pints
  • Hospice care
  • Short-term skilled nursing facility stays
  • 80 percent of healthcare costs if you get sick during foreign travel

When Can I Enroll in a Medicare Supplement Plan?

For most people, the best time to buy a Medicare Supplement policy in Vermont is during your initial enrollment period. This period lasts for six months and begins on the first day of the month in which you are both age 65 (or older) and enrolled in Medicare Part B.

During your initial enrollment period, an insurance company can’t use medical underwriting for pricing or deciding whether to issue a policy. Medical underwriting is a process an insurance company uses to decide, based on your medical history whether to issue an insurance policy.

After this enrollment period, you can buy a Medigap policy, but it may be more expensive because insurers can take your health condition into consideration.

However, in Vermont, some carriers offer year-round open enrollment for Medigap. This means you can change Medigap plans with one of these carriers at any time of the year without having to answer questions about your health. Again, this does not apply to all Vermont Medigap carriers.

Of note, the Medigap open enrollment period is not the same as the Medicare Advantage, also known as Plan C, open enrollment period. Those are two separate timelines and products. From Oct. 15 to Dec. 7, you can freely change your Medicare Part D prescription drug plan and your Medicare Advantage plan.

How Much Do Medigap Policies Cost in Vermont?

For a 65-year-old nonsmoking female living in the 05401 zip code in Chittenden County

65-Year Old Female Non-Tobacco
Plan Type Premium Range
Plan F$165.02 - $378.36
Plan G$201.75 - $325.13
Plan N$123.62 - $199.24

Who sells Medicare Supplement Plans in Vermont?

You have a lot of options when selecting a company for your Medigap plans in Vermont. The following three companies are the most popular in your service area.

1. Cigna

In 2022, Cigna received a five-star rating from Medicare, which is the highest star rating possible. Among many other benefits, Cigna pays for telehealth services and doesn’t require a referral for out-of-network care. Cigna is one of the only Medicare supplement insurance plan providers to offer a 30-day money-back guarantee on their plans.

2. Aetna

For 2022, Aetna has an overall weighted average of 4.0 out of 5.0 stars. Currently, Aetna has an “A” (xcellent) A.M. Best financial score. Many Medicare recipients consider the company to be one of the best Medicare Supplemental insurance companies.

3. Mutual of Omaha

For 2022, Mutual of Omaha received 2.5 stars out of a 5-star rating. Today, the company’s Supplemental plans have received an A+ (superior) rating from A.M. Best. The company has an outstanding reputation for offering competitive health plan rates and a fast, electronic application process.

Your licensed insurance agent, like us at Policy Guide, reviews plan options to discuss what medical coverage and Medicare benefits are best for you.

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.

Vermont Medicare Resources

Vermont Enrollment Statistics

The top 5 largest counties in Vermont include the following:

  • Chittenden County with 161,382 people
  • Rutland County with 59,736 people
  • Washington County with 58,612 people
  • Windsor County with 55,737 people
  • Franklin County with 48,799 people

According to America’s Health Insurance Plans, more than 125,000 people enrolled in Medicare Part A and/or Part B in the year 2017. In 2015, 29.8 percent of Medicare recipients also purchased Medigap plans in Vermont.

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