2015 Medicare Supplement Insurance Plans

We offer 2015 Medicare Supplement insurance plans direct from several highly rated and dependable carriers. When you become eligible for Medicare at age 65 or due to disability, the next step is to compare your insurance options with an independent agency like ours.

Medicare supplement insurance is only offered from private insurance companies and through licensed insurance agents. Prices are controlled by law, so your rates will be the same no matter who or where you purchase your insurance. It is wise to use an independent agency to compare several plans side by side and learn about carrier stability and rate increase history.

Outlines below are the ten standardized Medicare Supplement insurance plans available for purchase.  There are also “Select” versions of Plans F and C and a High Deductible Plan F offered from certain carriers as well.

Compare 2015 Medicare Supplement Insurance Plans

Medicare Supplement Plan: A B C D F G K L M N
Part A Hospital Coinsurance Y Y Y Y Y Y Y Y Y Y
Lifetime Reserve Days Y Y Y Y Y Y Y Y Y Y
365 More Hospital Days Y Y Y Y Y Y Y Y Y Y
Parts A and B Blood Y Y Y Y Y Y 50% 75% Y Y
Part B Coinsurance Y Y Y Y Y Y 50% 75% Y Y
Part A Hospice Coinsurance Y Y Y Y Y Y 50% 75% Y Y
Skilled Nursing Coinsurance Y Y Y Y 50% 75% Y Y
Part A Deductible
($1,260 in 2015)
Y Y Y Y Y 50% 75% 50% Y
Part B Deductible
($147 in 2015)
Part B Excess Charges Y Y
Foreign Travel Emergency Y Y Y Y Y Y Y
Preventive Care Coinsurance Y Y Y Y Y Y Y Y Y Y
Doctor’s Office Copay $20
Emergency Room Copay $50
2015 Out of Pocket Limit $4,940 $2,470

Key: Y stands for yes and means the benefit is covered by the supplement.

Watch Our Medicare Supplement Presentation Explaining The Various Plans

Most Popular Medicare Supplements Plans F, G & N

In our experience, the most commonly purchased Medicare supplement insurance Plans are F, G & N. Plan F is the most comprehensive plan available and therefore the most popular of the three. Traditional Plan F covers all deductibles, copays and/or coinsurance not covered by Medicare, but it will also be the most expensive.

Plan G is also popular as it covers everything Plan F does except for the small Part B deductible. For 2015, the annual Part B deductible is only $147. Plan G premiums can be up to $20 a month less than Plan F which makes Plan G a financially smart choice.

Plan F offers a high deductible version that currently has a $2,180 deductible for 2015.  This deductible must be met before the High Deductible Plan F supplement will pay benefits, but Medicare will still pay it’s portion as it normally would.

Some insurance carriers also offer a Select version of Plans C and F. In exchange for lower rates, Select plans require the use of a predetermined network of doctors and hospitals for routine (non-emergency) services. Owners of Select Plans F & C are not restricted to networks for emergency services however.

Cost Sharing Medicare Supplement Plans For 2015

Plans K, L, M and N are supplements with some amount of cost sharing for the insured. They are designed to compete with lower cost Medicare Advantage plans and are similar in that the insured is responsible for more out-of-pocket expenses if they arise.

Plan N is unique in that it is the only Medicare supplement that has a doctor’s office copay. Currently, it will cost the insured $20 for a doctor’s visit and $50 for an emergency room visit. There is no yearly limit to how many times the insured might pay one or both of these copays with Plan N.

Cost sharing supplemental insurance plans are popular for those who want to keep their monthly premiums low while not worrying about the network restrictions associated with Medicare Advantage coverage.

Medicare Part D Prescription Drug Coverage

By rule, there are no longer any Medicare supplement insurance plans that cover prescription drugs. In many cases, prescription drug coverage can be incorporated into a Medicare Advantage plan and sold as a bundle, but that’s not the case with Medicare supplement coverage.

This simply means that Part D drug plans must be purchased on a stand alone basis and cannot be combined with any supplement plan. Oftentimes, this coverage can be purchased from the same insurance company, but it will always be a separate policy with a separate premium.

It is important to note the distinction that some Medicare Advantage plans include prescription drug coverage, but by rule no Medicare supplement insurance plans will include prescription drug benefits. You cannot be enrolled in both a supplement and an Advantage plan at the same time.

We help our clients find the most suitable Part D prescription drug plans by pricing their current rx’s and pharmacy(s) of choice. There is also a very good tool at the Medicare website called Plan Finder that can assist in Part D drug pricing.

Contact Us To Compare Quotes, Rates & Benefits

Hyers and Associates is an independent insurance agency specializing in Medicare insurance plans. We license with all of our carriers direct – and offer all of our plans at no additional cost to you.

Contact us today to compare 2015 Medicare supplement insurance quotes and benefits from several carriers side by side.

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