Medicare Supplement Plans
Medicare Supplement (or Medigap) insurance policies cover some or all of the gaps left after Medicare pays it share. They are available in 11 standardized plans (Plan A – Plan N) that provide the same benefits regardless of insurance company. Rates vary by issue age, zip code, gender, tobacco use, or may offer a household discount. Rates change all the time, let us find the right fit for you.
Plan F offers the most security with coverage for every category of Medicare cost-sharing. We also have many customers who find the premium savings of a Plan N worth assuming out-of-pocket risk for the Part B deductible ($183 in 2019), outpatient co-pays ($20 office visit/$50 Emergency Room), and any Part B Excess Charges. With Plan G would be the same as N, but cover the Part B Excess Charges. Plan F will be phased out in 2020.
Open Enrollment is Guarantee Issue for six months from the time you are both enrolled in Medicare Part B and turn 65 (even if you were previously on Medicare due to disability). This means you will not have to answer any health questions, and it must cover all Pre-Existing Conditions. Leaving an employer sponsored group plan also triggers a six month Guarantee Issue window with no health history questions asked. Outside of these required periods, carriers have different underwriting requirements. If you have a pre-existing condition, we can help you pick the company with the best chance for acceptance of your application.
See the chart below for plans and coverage levels: