Medicare Supplement Plans in Vermont
About 117,000 Vermont residents qualify for Medicare as their primary insurer, and a significant number of them will consider a Medicare Supplement plan in Vermont as well. While most people take Original Medicare Part A and Part B benefits when they turn 65, some people qualify earlier because of a serious disability. On the other hand, others delay benefits because they have other insurance, so they might not sign up until they are older than 65. In any case, most recipients also sign up for another policy to enhance their benefits because Medicare still includes lots of deductibles and copays. For many, the choice of extra insurance is usually between an MA plan or a Medicare Supplement plan in Vermont.
We provide a straightforward way to compare Vermont Medicare Supplement plans. To begin, enter your zip code into the quote form to get started.
Why Choose a Medicare Supplement Plan in Vermont?
With little or no monthly premiums and additional benefits included in many MA options, it might be hard to understand why every Medicare recipient doesn’t join MA plans. However, both rates and coinsurance requirements have been moving up with most Advantage options, so a Medicare Supplement plan in Vermont is starting to look like a better deal.
Consider Betty, a lifetime resident of Essex Junction. She needs to stay frugal but is mostly worried about having a major medical problem that would drain her savings. She also spends several weeks a year with her grown children in South Burlington, VT. However, since Betty has remained relatively healthy, she rarely needs to visit the doctor more than once a year for a checkup.
With a basic or cost-sharing Medicare Supplement plan in Vermont, she can be assured that her bills will be limited no matter what happens. She will also have access to medical care anywhere in the United States just in case she does get sick or have an accident. Because Betty is willing to share costs if she does happen to need medical services, she found that the modest payments for a Medicare Supplement plan in Vermont give her peace of mind and help her save money.
Premiums for Medicare Supplement Plans in Vermont
As in most states, all Medigap plans in Vermont have to conform to standard benefits for each level. The levels get names from A through N, and beneficiaries can select the level that will fit their budget and needs. While there are guaranteed issue periods, such as when a new Medicare recipient turns 65, there are also times when beneficiaries may have to go through medical underwriting to obtain a Medicare Supplement plan.
This quick comparison of different Medicare Supplement plan levels in Vermont might help you understand supplements better. These are example 2017 monthly prices for a non-smoking man who lives in Burlington, VT and has just turned 65:
- Medicare Supplement Plan G: $124.92
- High deductible plan F:
- Plan K: $79.72
- Plan A: $102.62
- Medicare Supplement Plan F: $168.98
- Medigap Plan C: $171.50
Note: These are the only example rates for Medicare Supplement plans in Vermont, and you need to get quotes for yourself at the time of purchase. This list displays traditional Medicare Supplement levels. For example, Medicare Supplement Plan F and Medicare Plan N are usually the most popular options in any area because they provide coverage that is both broad and deep, but they are also usually the most expensive. There is also a version of Plan F with a deductible, and this might be a good solution for people who want to keep the cost down but protect themselves against catastrophic losses.
Top Medicare Supplement insurance companies in Vermont:
Find the Best Premiums on Medicare Supplement Plans in Vermont
If you live in Colchester, VT, Rutland, VT or another Vermont town or city, expect rates that are different than they are in Burlington, VT. Insurers are free to set their prices, and they may face higher costs in some areas of the state than others. In any case, we provide a free Medicare Supplement plan quotes form that makes it easy to compare Medicare Supplement plans in Vermont from quality insurance companies.
To begin, enter your zip code in the quote box to get started. Also, feel free to give us a call to talk to a Medicare Supplement plan specialist about your options. We hope to help as many Vermont Medicare beneficiaries as possible find the right plan for their own needs.