Memphis is home to 315,953 participating Medicare beneficiaries. With a Mild southern climate and plenty to see, Memphis is a top retirement target for retirees looking for an affordable and beautiful new hometown. The average age for Medicare beneficiaries in the city is 71 years old.

Memphis Tennessee Supplemental Medicare Plans

We’ll talk about the supplemental plan options available in Tennessee. First, we’ll go over affordable Medicare Advantage plans and the cheapest Medicare Supplement choices.

Next, we’ll discuss the average drug plans and special needs plans available. Finally, we’ll go over answers to some frequent questions we receive, and how to get help with Supplemental options in Memphis.

All data shown in the illustrations will be based on a woman that’s 65 years old.

Affordable Medicare Advantage Plans in Memphis, Tennessee

Located in Shelby County, Memphis residents that have Medicare have access to 34 Medicare Advantage (Part C) plans. About 32% of beneficiaries living in the state are on Medicare Advantage plans.

Wellcare’s HMO-POS has the lowest maximum out-of-pocket in the area, Couple that with a zero-dollar premium and you have a solid Medicare Advantage option. Wellcare has become a well-known name when it comes to Medicare plan options.

As far as PPO options go, Cigna has a zero-premium option with a $6,500 out-of-pocket maximum. They are one of the oldest insurance companies in the industry.

Humana’s HMO shown below has the highest star rating available. Their plan also has a premium of zero dollars. Humana is one of the biggest Medicare plan providers in the nation.

PLAN PREMIUM MOOP Plan Type Star Rating
Cigna $0 $6,500 LOCAL PPO 3
BCBS of Tennessee $0 $6,700 LOCAL PPO 4
Wellcare $0 $4,500 HMOPOS 3
Humana $0 $5,900 HMO 5
Amerigroup $0 $4,900 HMOPOS N/A

Cheapest Medicare Supplement Plans in Memphis, Tennessee

Many beneficiaries wonder what the most comprehensive Medicare coverage is. Medigap plans are the answer. These plans go hand in hand with Original Medicare and help offset the costs you’re responsible for.

Since Medicare Supplement plans supplement Medicare, you retain the freedoms of doctor choices that you enjoy with Traditional Medicare. There are 10 different plans you can choose from. The vast majority of people enroll in one of the top three plans.

Plan F is the most popular plan. It covers all your Medicare cost-share. Plan G is the number two plan. However, it’s the most popular for people just starting Medicare. The only difference between Plans G and F is that you’re required to pay your Medicare Part B deductible. Both plans F and G have high deductible options called Plan HDF and HDG.

Plan N is the most affordable plan, It has a lower monthly cost than Plan G, but similar coverage. With Plan N you will pay the Part B deductible, and pay copays of up to $20 for doctor visits, and up to $50 for an emergency room visit. Other than that, the only other costs you could see would be Medicare Part B excess charges. Fortunately, these charges are easy to avoid.

LETTER PLAN LOWEST PREMIUM HIGHEST PREMIUM
PLAN A $55.08 $211.75
PLAN B $110.87 $298.00
PLAN C $117.99 $368.50
PLAN D $112.53 $210.00
PLAN F $111.55 $370.75
PLAN HDF $22.00 $72.01
PLAN G $96.82 $340.71
PLAN HDG $22.00 $69.08
PLAN K $48.78 $122.87
PLAN L $64.42 $215.87
PLAN M $71.98 $219.14
PLAN N $73.23 $314.96

Average Medicare Part D in Memphis, Tennessee

Prescriptions are one of the most important aspects when it comes to healthcare, especially for Medicare members. Medicare Part D plans are stand-alone drug coverage and are provided by private insurance companies.. These plans are used in concert with Traditional Medicare and Medicare Supplement Plans. Most Medicare Part C plans include drug coverage.

Part D plans are required to follow a standard structure laid out by the Centers for Medicare & Medicaid Services. The plans have to provide coverage as good or better than that standard model. These plans have four coverage phases.

Part D Coverage Phases:

  • Deductible
  • Initial Coverage
  • Coverage Gap – Donut Hole
  • Catastrophic Phase

Aetna has the lowest premium of any Part D prescription plan in the nation. As you can see below, it’s less than $7 a month in Memphis. Aetna drug plans are administered by their SilverScript brand.

Clear Springs is a good plan option for many beneficiaries. Their coverage on prescriptions is pretty good, but they have a below-average star rating.

Wellcare comes in second plans on a monthly premium at $12.90 a month. They are a great option, especially for Medicare beneficiaries that take generic drugs only.

PLAN PREMIUM DEDUCTIBLE STAR RATING
Aetna $6.50 $480 3
Wellcare $12.90 $480 3
Clear Spring $16.30 $480 2
Humana $22.70 $480 4
UnitedHealthcare $29.30 $310 4

Medicare Special Needs Plans in Memphis, Tennessee

Special Needs Plans are Medicare Advantage plans that are specifically created for Medicare beneficiaries with certain Medical or financial needs. There are three different types of Medicare Special Needs Plans.

SNP plan types:

I-SNP – Institutionalized Special Needs Plans are designed to work specifically with beneficiaries that are living in an Institutionalized setting.

C-SNP – Chronic Special Needs Plans are for people on Medicare that have certain chronic health conditions. Some conditions that there are SNP plan options for are diabetes, heart disease, and COPD.

D-SNP – Dual Special Needs Plans are for Medicare beneficiaries that have low-income and qualify for Medicaid as well. These plans have increased benefits to help low-income individuals even additional coverages that will assist them with their cost of living.

Amerigroup is a smaller regional carrier that offers plans in Memphis. They strive to look at not only the beneficiary’s needs but also the needs of the entire family. This is to provide a more complete path to healthcare.

BCBS of Tennessee also offers a DSNP plan. Blue Cross Blue Shield has one of the most recognizable names in insurance. Many people have been on Blue Cross insurance at some point in their life.

UnitedHealthcare is the largest Medicare plan provider in the United States. They are endorsed by AARP and are focused on the well-being of Medicare beneficiaries. They offer all available types of Medicare plan options throughout the United States.

PLAN PREMIUM MOOP Plan Type Eligibility
Amerigroup $0 $7,550 HMO Dual
BCBS of Tennessee $0 $7,550 HMO Dual
Humana $0 $7,550 HMO Dual
UnitedHealthcare $0 $7,550 HMO Dual
Cigna $0 $7,550 HMO Dual

FAQs

What’s the most affordable Medigap plan in Memphis, Tennessee?

Plan N is the most affordable Medicare Supplement option for Memphis residents. Starting around $75 a month, it offers great coverage at a lower monthly premium.

What Medicare Advantage plan has the highest star rating in Memphis, Tennessee?

Humana has an HMO that is rated as a 5-star plan. This is the highest rating a Medicare Advantage plan can have.

What Medicare Supplement plan is the most popular plan in Memphis, Tennessee?

For Medicare beneficiaries that have been on Medicare before 2020, Plan F is the most popular plan option. New beneficiaries can’t enroll in Plan F. Plan G is popular for individuals who are now starting Medicare.

How to Sign Up for Supplemental Medicare in Memphis, Tennessee

Choosing the right plan for you is a complicated process. Everyone has different individual needs and wants. Fortunately, there is help available. We’re here to help every step of the way. Our agents are experts in the Medicare field and are waiting to help guide you to ensure you get the best plan for you. Give us a call, or fill out our online request form.

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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.