Using our independent agency, you can compare Medicare supplement insurance rates in Pennsylvania direct from several different companies.
We provide quotes, renewal history, in depth Medicare education and direct enrollment online.
We work direct with dozens of providers, including: Aetna, American Continental, Central States Indemnity, Cigna, Equitable, Humana, IAC, Manhattan Life, Medico, Mutual of Omaha, New Era, Sentinel Life, Standard Life & Accident, Transamerica, United American, United Healthcare (AARP), Western Catholic Union and several others.
The ten modernized plans to choose from are: A, B, C, D, F, G, K, L, M and N. Plan A provides coverage for only basic benefits while Plan F fills in all the gaps in Medicare.
In Pennsylvania, Plans F, G and N are popular when coupled with Part D prescription drug coverage. Plan G sometimes provides the best overall value in terms of benefits and premiums. Plan N has office copays, but can be found for under $100 a month.
A Plan G is a Plan G. All plans must cover the exact same benefits no matter the company. And there are no differences in networks between companies either. If your doctor accepts Medicare, they will accept any traditional supplement you provide to them.
Your monthly premiums will be determined by your plan choice, zip code of residence, age, gender, tobacco use and spousal discount availability. We help our clients find not only the best price, but also the companies with a history of small rate increases. By law, there are no extra costs whatsoever to place your business with a broker. You are always going direct.
In our experience, Plans F, G and N are the three most popular plans. However, we are seeing more demand lately for Plans G and N as Plan F will be phased out for new enrollees in 2020.
Plan G is popular as it covers everything Plan F does except for the small Part B deductible. In many cases, the lower Plan G premiums will make up for the yearly $183 deductible, so it’s a good value. And Plan G premiums tend to increase more slowly as well.
Plan N is unique in that it has office copays – $20 for a doctor visit and $50 for the ER. Plan N does not cover the Part B deductible or the rarely encountered Part B Excess charges. Our clients like Plan N as it offers a suitable balance between premiums and benefits.
Another popular Medicare supplement is High Deductible Plan F. You must meet a $2,200 (for 2017) annual deductible before the supplement kicks in, but Medicare will still pay its portion first. Rates for High Deductible Plan F are extremely competitive and can be as low as $30 in some areas.
If you are newly or soon to be enrolled in Medicare Parts A and B at age 65, you have a six month open enrollment window that includes the three months before and after your 65th birthday month. No underwriting or waiting periods for preexisting conditions apply during this time.
Additionally, if you are losing group health insurance due to retirement or separation from service, you are eligible to purchase most supplemental policies after age 65. Insurance companies will not offer all supplements on a guaranteed issue basis unless you are also newly enrolling into Medicare Part B.
In Pennsylvania, there are over 1 million people over age 65 and close to 640,000 consumers who own a Medicare supplement policy. Nearly 40% of eligible beneficiaries have Medicare Advantage coverage, but many of those are under age 65.
If you are eligible for Medicare due to disability, you will also be afforded a six month open enrollment window to enroll in a supplement or Advantage plan. The state of Pennsylvania does not allow insurance companies to charge higher Medicare supplement rates for those under age 65, however.
If you miss your six month window, medical underwriting may be necessary and insurance providers can deny coverage. It’s a wise idea to explore all of your options during your six month open enrollment window when you are new to Medicare Part B.
We offer Medicare supplement insurance, Advantage plans and Part D drug coverage in all of Pennsylvania. Using our independent agency, you can compare the direct rates with several companies in one place. We will also be happy to guide and educate you about all of your best options.