Our independent agency offers Georgia Medicare Supplement insurance plans direct from several companies. If you are new to Medicare, shopping for better rates or eligible for Medicare due to disability, we can help you compare plans and rates with many providers.
Our independent insurance agency represents all companies direct, including: Aetna, Cigna, Combined, Equitable, Heartland, Humana, Manhattan Life, Medico, Mutual of Omaha, Transamerica, United American, United Healthcare and many others.
The ten Medicare supplement plans to choose from are labeled A through N. Each fills different gaps.
(View a Medicare supplement benefit chart.)
In our experience, Plans F, G and N are most popular when coupled with prescription Part D drug coverage.
Currently, Aetna, Manhattan Life and Mutual of Omaha offer some of the lowest rates on these plans in Georgia. Rates can vary based age, gender, zip code and tobacco usage.
You are shopping on more than just initial rates, however. We think renewal history is one of the most important factors to consider when buying a Medicare supplement policy. We can help you compare historical rate increases, loss ratios and available discounts with our insurance companies.
Plans G, N and High Deductible F offer some of the best value when comparing monthly premiums with benefits. Considering that Plan G has only one gap (the $185 Part B deductible), it can be a very good value when compared to Plan F.
High Deductible Plan F is popular as it offers some of the lowest rates available. In order for benefits to begin, you need to reach a $2,300 deductible in 2019. It’s important to note that if you wish to upgrade your supplement later (say to a traditional Plan F) then medical underwriting will likely be required. There is no open enrollment for Medicare supplement policies each year.
Additionally, some insurance companies offer supplemental coverage with a network of doctors and hospitals to choose from as oppose to using any doctor or hospital. These are referred to as “Select” plans. The advantage of purchasing a high deductible or network driven Select plan is lower monthly premiums.
If you are currently enrolled or soon to be enrolled in Medicare Parts A and B, then you are eligible to purchase supplement insurance. This period of time is referred to as your open enrollment window and it unique to you. It only happens once.
Open enrollment is a seven month window consisting of the three months before your 65th birthday, the month of your 65th birthday, and the three months following. You cannot be denied a supplemental policy because of poor health during open enrollment. There are no waiting periods for preexisting conditions for those in enrolling during their open enrollment window.
If you are eligible for Medicare due to disability, then you also get the same open enrollment window when your Medicare Part B becomes effective. You can purchase a Medicare supplement at this time – no questions asked. However, insurance companies in Georgia are allowed to charge more when you are under age 65.
You are eligible to purchase a Medicare supplement insurance plan after age 65 if you are losing group health insurance. You will only need proof of coverage from your employer to gain guaranteed acceptance into a supplement and Part D prescription drug plan.
There are some coverage types (Plan G for instance) that are not guaranteed issue after the open enrollment window at age 65. It depends on whether you have already enrolled in Medicare Part B. If you have, then you will need to go through medical underwriting to enroll in a Plan G (or N), but not a Plan F.
It’s important to explore all of you options when you first enroll in Medicare Part B – even if you plan on keeping group insurance. You can sometimes save money by separating from your group plan and purchasing a supplement. You may have more options available as well.
We serve all of Georgia, including Atlanta, Albany, Macon and all places in between. Whether you are new to Medicare or shopping for better rartes, we can help. We also assist with Part D drug plans.
We offer all plans direct. You will not find lower rates on the same coverage online, in person, or by calling each carrier on your own. Our brokerage can help you compare several plans side by side. Contact us today!