Compare all Medicare supplement insurance quotes in Missouri direct with our independent brokerage. We’ll also help you understand the differences between all of your options.
We represent highly-rated and competitively priced companies, including Anthem Blue Cross and Blue Shield, Aetna, Allstate, Americo, Cigna, Humana, Manhattan Life, Mutual of Omaha, National General, Transamerica, United American, United Healthcare AARP, and many others.
If you’re near age 65 and in open enrollment, new to Medicare disability, or looking to reduce your monthly premiums during your yearly anniversary window – we can help.
There are ten modernized Medicare supplement insurance plans labeled A through N. Plan A only covers basic benefits while Plan F fills in all gaps of Original Medicare Parts A & B. This may seem like a lot of options, but only 4 plans are often purchased.
In Missouri, Medigap Plans F, G, and N are the most popular supplements. And since Plan F is no longer for sale to those eligible for Medicare in 2020 and beyond, we see more demand for Plans G and N. Many experts are forecasting above average increases on existing F plans due to this change.
A few insurance providers offer a High Deductible Plan G and F. HD Plan G (and F) provides coverage once the annual deductible of $3,470 (for 2023) is met. These High Deductible Medicare supplements are popular due to their affordable rates – as low as $40 a month in some cases. Unlike traditional Plans G and F, High Deductible supplements tend to have small yearly increases.
A few carriers offer “Select plans” that require the insured to use a predetermined network of doctors and hospitals for non-emergency care. Assuming the insured stays in their network, these plans are less expensive than traditional supplements. We don’t see too much demand for Select supplemental plans, however.
If you are newly enrolled in Medicare Parts A and B at age 65, you cannot be denied any Medigap policy due to your health history. This is known as the open enrollment window and lasts approximately seven months. This window includes the three months before, the month of, and three months after your 65th birthday month.
Some Supplemental insurance companies will extend your window an additional 3 months. This means you can purchase coverage without medical underwriting up to 6 months beyond your 65th birthday. Most of our clients begin their supplemental coverage when they are first eligible.
If you are retiring and losing group health insurance, you can also purchase a Medicare supplement without medical underwriting. However, not all plans will be issued on a guaranteed basis – it depends on when you enrolled in Medicare Part B.
If you’re new to Medicare Part B, then you can purchase any plan without needing to answer health questions. If you’re Part B has been in effect for longer than 6 months, then some plans may require medical underwriting.
It is wise to speak with your HR department and/or a knowledgeable insurance agent when you’re thinking of enrolling in Part B. This way you can make sure you are not limiting any of your options. Some people make the mistake of enrolling in Part B prematurely. Others wait too long and are assessed lifetime penalties.
There’s a lot to know. And there are some traps that can cause delays, financial penalties, and/or unnecessary expenditures. Talk with us and avoid these issues.
If you have recently become eligible for Medicare due to disability, you can purchase a Medicare supplement plan in Missouri. You will have a 6-month open enrollment window when your Part B becomes effective. Insurance companies can charge slightly higher premiums for those under age 65, but reasonable rates can be found with us.
If you miss your 6-month open enrollment window, then medical underwriting is required. This means you can be turned down for coverage. If you find that traditional supplements are too expensive, then a Medicare Advantage plan is a good alternative. We’ll help you compare the benefits and costs with Advantage plans as well.
Our clients on Medicare due to disability also ask if they’ll get another chance to purchase a supplement at age 65. The answer is, yes. That’s good news for those who missed their Open Enrollment window – or for those who wish to leave their Medicare Advantage coverage. You get a second bite at the apple when turning age 65.
Missouri offers a unique yearly anniversary window when you can purchase a new Medicare supplement without medical underwriting. The window begins 30 days before your policy anniversary date and lasts 30 days after.
During this period of time, you can switch to “like or lesser coverage” with no health questions asked. For example: If you own a Plan F, you would be allowed to purchase a new Plan F (or Plan G or N as they are lesser) with another insurance provider. You cannot upgrade your coverage by moving from a Plan G to a Plan F, however. In this case, medical underwriting would be required as that would be an increase in benefits.
Any insurance company must accept you during your anniversary window. They cannot deny coverage nor impose any waiting periods on preexisting conditions so long as you are going to a like or lesser plan. You will be required to show proof that your existing coverage is in-force and paid up. Many states have no such anniversary rule – so this is a great way to lower your supplemental premiums in Missouri each year.
It’s also important to know that Missouri is an Issue Age state for Medicare supplement insurance. Your rates will not automatically go up because of age. They can only increase via normal yearly increases passed on (and approved by the Missouri Department of Insurance) each year.
You can’t be singled out for an increase either. When an insurance company raises rates, they do so for everyone in your block of business. Even though MO is an Issue Age State, you can still expect your rates to increase each year.
As an aside, we see Plan G and Plan N rates increase less quickly than Plan F in most cases.
We are an independent agency offering Medicare supplement insurance coverage across the entire state of Missouri, including St. Louis, Kansas City, Jefferson City, Columbia, Springfield, and beyond. We have over 23 years of experience, so you’re in the right place.
Medigap prices are controlled by law, so you will not find lower rates for the same coverage online, in-person, or by calling each insurance company on your own.
When you contact us, you’re contacting all insurance companies direct at one time. You get the same rates as if you’d called each one yourself. Ready to go? Let’s get started!