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 you will need to pay, but Medicare Supplement insurance plans in Vermont can help you reduce those costs.

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

Medicare Supplement Insurance Plan options in Vermont

Medicare Supplement Plan F

Plan F has been the most popular Medicare Supplement insurance plan in Vermont. Still, 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

Medicare Supplement Plan G

For those whose Medicare eligibility began after January 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.

Medicare Supplement 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 for 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

Top-rated Medicare Supplement Insurance Companies in Vermont

When selecting a company for your Medigap plans in Vermont, you have many options. The following three companies are the most popular in your service area.

1. Cigna

In 2022, Cigna received a five-star rating from Medicare, 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. In addition, 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” (excellent) A.M. Best financial score. Many Medicare recipients consider the company 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.

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

Medicare Supplement Insurance Cost in Vermont

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

Plan typePremium Range
Plan F$180.00 – $300.00
Plan G $117.00 – $220.00
Plan N$90.00 – $200.00
Premiums are based on Medicare Part B start date and or Medical underwriting.

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 an insurance company’s process 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 consider your health condition.

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. But, again, this does not apply to all Vermont Medigap carriers.

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.

Vermont Medicare Resources

http://www.medicare.gov

CMS: Centers for Medicare and Medicaid Services

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 2017. In 2015, 29.8 percent of Medicare recipients also purchased Medigap plans in Vermont.