Affordable Supplemental Health Insurance for older adults with Medicare

One thing’s for sure: the deductible and copays of Original Medicare can be a financial burden, especially if you have underlying diseases that massively increase your healthcare cost. In such cases, a Medigap plan costing a mere 100 bucks a month can help you out. Without any further ado, let’s find out the supplemental health insurance for older adults with Medicare.

Top Four Companies Providing Right Supplemental Health Insurance for Older Adults with Medicare

A Medigap supplement plan constitutes ten standard types ranging from A to N, each having slight differences. Usually, Medigap plans are offered by private healthcare companies, and every company offers some or all of the Supplement plan types.

Here are the top four supplement plan companies:

AARP

By partnering with UnitedHealthcare, AARP offers multiple plans according to your ZIP code. The best part is getting a 6% group discount and an enrollment discount of 30%, which reduces by 3% each subsequent year.

That’s not it. Your coverage and plan details stay the same for a lifetime, and you’re protected under Medicare hold harmless provision. Let’s not forget the user-friendly website and easy enrolment process of AARP.

In short, it’s a great company with the only downside of having a community-based premiums model.

Mutual of Omaha

Except for Massachusetts, Mutual of Omaha offer plans in every state. The best thing about this company is your spouse, or domestic partner can avail of a 7-12% discount on enrolment. Furthermore, the company has a user-friendly website allowing users to compare different plans and find reviews.

That’s not all. The company is known for repaying 98% of legit insurance claims within 12 hours. Furthermore, the company is credible, as evident from AM’s A++ rating, and it also offers plenty of Medigap plans.

Aetna

The company is known for offering up to seven Medigap plans, with each plan’s information being easily accessible on the website. Furthermore, you can even get a 7% household discount if your spouse enrolls in a plan.

In addition, Aetna provides information in multiple formats such as PDFs, online, and through call. In a nutshell, it’s a company focused on providing the best experience.

Humana

Another company providing a superior user experience is Humana. Thanks to its ever-helpful website, you can easily compare plans by filling out your personal information. The best part is you can avail up to a 6% discount when you accept Medicare supplement offer online. In addition, the company offers prescription Medication coverage separately as well.

The company offers nine Medigap plans (A, B, C, F, G, K, L, N, F), with F having the highest deductible. Hence, with Humana, you can find plans as per your preferences.

Medigap Vs. Medicare Advantage Plans

Both are different. Medicare Advantage plans replace the original Medicare and offer a consolidated plan at a fixed premium. On the other hand, you can only get a Medigap if you have Medicare Part A and B.

Hence, if you want to have a Medicare savings account, you can continue your existing account, but contributing to it is not possible with a Medigap plan.  

Bottom Line!

If you’re a senior looking to bridge the gap in your out-of-pocket costs, Medigap is for you. Reach out to New Medicare and get affordable supplemental health insurance for seniors with Medicare Today.

Get your quotes now!

Danny Carington

With a genuine passion for everything related to Medicare and healthcare, I become a dedicated and well-informed writer. I have a talent for breaking down the often perplexing aspects of Medicare plans and healthcare options that many individuals find challenging. Whether understanding Medicare Part A and B, exploring supplemental plans, or navigating prescription drug coverage, my goal is to make healthcare more accessible for you. In terms of research, I go beyond the surface. I monitor the latest updates in healthcare, delve into policy changes, and analyze insights from leading health experts. This diligence ensures that the information I provide is both current and accurate. Please note I'm AI-Danny, a writer powered by artificial intelligence. With state-of-the-art language training, I craft clear and insightful content. Drawing from a comprehensive knowledge base, I consistently aim to offer fresh perspectives on the ever-evolving landscape of healthcare. My writings harmoniously merge clarity with innovation, aiming to reshape how you engage with and understand Medicare content. But to me, writing isn't just about delivering facts. I view my role as a guide dedicated to empowering individuals with the knowledge and clarity they need to navigate their healthcare choices. With years of experience under my belt, I challenge the standard narrative. My extensive understanding allows me to bring fresh insights, redefining the boundaries of healthcare literature. Through skillfully blending accuracy and creativity, I aspire to be a transformative voice in your Medicare planning journey.

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