Medicare helps millions of beneficiaries receive the care they need by providing hospital and medical coverage. If you need more coverage than Original Medicare in Fairbanks, Alaska provides, supplemental plans are here to help you.

Let’s examine some supplemental Medicare plans available to Fairbanks, Alaska, Medicare beneficiaries.

Fairbanks, Alaska Supplemental Medicare Plans

Original Medicare may not cover all your treatment expenses. Supplemental plans help cover the costs that Original Medicare doesn’t cover. We based the following supplemental coverage quotes on a 65-year-old male living in Fairbanks, Alaska.

Cheapest Medicare Advantage Plans in Fairbanks, Alaska

Medicare Advantage or Part C plans are supplemental plans that cover extra expenses and provide additional benefits. Unfortunately, these plans are unavailable to Fairbanks, Alaska, Medicare beneficiaries.

Affordable Medicare Supplement Plans in Fairbanks, Alaska

Medigap plans cover the costs of treatment that Medicare does not cover. Each offers a different form of coverage for various treatment needs. The rates of these plans vary by region, but the coverage options are the same nationwide.

Plan A is a very affordable plan. It offers coverage for pints of blood, Part A hospice care, and Part B co-pays. The premiums for this plan range from $87.83 to $264.62 per month.

Plan K is a bit of an upgrade from Plan A. Plan K offers cost-sharing for most expenses except for the Part B deductible and excess charges. The monthly premiums for this plan range from $49.36 to $118.37.

Plan N is one of the most popular plans. It offers full coverage for almost everything but the Part B deductible and excess charges. The premiums for Plan N are between $87.50 and $375.07 per month.

LETTER PLAN LOWEST PREMIUM HIGHEST PREMIUM
PLAN A $87.83 $264.62
PLAN B $126.86 $368.87
PLAN C $140.08 $416.50
PLAN D $112.83 $223.00
PLAN F $140.76 $417.62
PLAN HDF $33.00 $73.00
PLAN G $113.08 $387.02
PLAN HDG $33.00 $45.00
PLAN K $49.36 $118.37
PLAN L $88.24 $209.50
PLAN M N/A N/A
PLAN N $87.50 $375.07

Affordable Medicare Part D in Fairbanks, Alaska

Part D plans cover prescription drugs. These drugs are prescriptions that Original Medicare and other supplemental plans often don’t cover. These plans never affect your Medicare or Medigap coverage.

Humana is one of the best carriers in the nation. They offer coverage for many drugs and have plans with a four-star rating for plan effectiveness. The plan they offer in the area has a $22.70 monthly premium and a $480 deductible.

UnitedHealthcare is also a highly respected provider. The plan they offer in the area has a slightly higher monthly premium of $23.40 but has a significantly lower deductible of $310. This plan also has a four out of five-star rating for performance.

Aetna offers the cheapest plan in the area. Their Part D plan has the standard deductible of $480 and a three-star performance rating. The monthly premium for this plan is a low $7.30.

PLAN PREMIUM DEDUCTIBLE STAR RATING
Aetna $7.30 $480 3
Wellcare $8.40 $480 3
Clear Spring $15.50 $480 2
Humana $22.70 $480 4
UnitedHealthcare $23.40 $310 4

Medicare Special Needs Plans in Fairbanks, Alaska

Medicare Special Needs Plans help those with chronic illnesses or disabilities reduce their healthcare costs. Unfortunately, these plans are unavailable in Fairbanks, Alaska.

FAQs

Who pays for Medigap in Fairbanks, Alaska?

Medigap has premiums for coverage just like Part B Medicare. By enrolling in a Medigap plan, you are responsible for paying monthly premiums directly to the carrier or through Social Security deductions.

Which Medigap plan offers the most coverage in Fairbanks, Alaska?

Plan F offers the most coverage to Fairbanks, Alaska, Medicare beneficiaries. However, only seniors who qualified before 2020 may enroll in Plan F. Instead, Plan G covers everything that Plan F does, except for the Medicare Part B deductible.

What is the least expensive Medicare Supplement plan in Fairbanks, Alaska?

Plan K has low rates but is technically a cost-sharing plan. With Plan K, you will pay a maximum of $6,620 out-of-pocket on top of the monthly premiums. The cheapest plans overall are Plans HDF and HDG, as they offer coverage for much lower monthly premiums.

Can I change my Medigap policy at any time in Fairbanks, Alaska?

You can only change your policy within the six-month open enrollment period for Medigap or if you have eligibility under guaranteed issue rights or other unique circumstances.

Do Medigap premiums increase with age in Fairbanks, Alaska?

Different insurance carriers price Medigap policies in three different ways. One is a flat rate for all beneficiaries, and another is by entry age. Another pricing method scaffolds the price as you age.

How to Sign Up for Supplemental Medicare in Fairbanks

If you are a Medicare beneficiary in Fairbanks, Alaska, and you are looking for supplemental coverage, our insurance experts can help.

We have all the information you need to compare plan rates and coverage. Plus, using our agents’ time and effort is free of charge!

So just fill out our online rate form or call us today to receive the best rates in your area.

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by Lindsay Malzone, Lindsay Malzone is the Medicare expert for Medigap.com. She's been contributing to many well-known publications as an industry expert since 2017. Her passion is educating Medicare beneficiaries on all their supplemental Medicare options so they can make an informed decision on their healthcare coverage.