More than 130,000 Vermont residents have Medicare Part A and Part B policies. If you’re considering a Burlington, Vermont, Medicare Supplement plan or another supplemental policy, keep reading to learn about your options.
Burlington, Vermont Supplemental Medicare Plans
Medicare Part A and B plans provide a wide range of coverage but don’t cover every healthcare expense. For example, these Original Medicare plans don’t cover prescription medications and only offer coverage up to a predetermined percentage.
Many Vermont residents enroll in supplemental Medicare plans to get more comprehensive coverage. We based the quotes below on a male Medicare enrollee who is 65 years old. Your rates may vary.
Cheapest Medicare Advantage Plans in Burlington, Vermont
About 20% of Vermont Medicare enrollees also have Medicare Advantage plans (Medicare Part C). The number of Medicare Advantage plans available nationwide has increased in recent years to 3,834. In Chittenden County, beneficiaries choose from an average of 17 possible plans.
Burlington, Vermont, Medicare enrollees can choose from several insurance providers to find their Plan C policy. UnitedHealthcare and MVP Health offer the most affordable PPO and HMO plans.
UnitedHealthcare offers two affordable plans. The first is an HMO plan with a $6,700 deductible and a four-star Medicare star rating. All Medicare Advantage plans don’t include premiums, so enrollees don’t make monthly payments.
UnitedHealthcare also offers a competitive PPO plan with a comparably affordable $4,500 deductible. This plan doesn’t rate as high as the other plan from the same provider at only three stars.
MVP Health offers the next cheapest plan with a $6,700 deductible. This PPO policy boasts a four-star Medicare rating and the same $0 premium as other Medicare Advantage plans.
|PLAN||PREMIUM||MOOP||PLAN TYPE||STAR RATING|
|MVP Health||$0||$6,700||LOCAL PPO||4|
|Vermont Blue||$0||$6,900||LOCAL PPO||N/A|
|MVP Health||$0||$7,550||LOCAL PPO||4|
Affordable Medicare Supplement Plans in Burlington, Vermont
Medicare Supplement plans, also known as Medigap plans, offer standalone insurance policies with benefits not covered by Medicare Part A and Part B. Burlington, Vermont,
Medicare beneficiaries choose from various letter plans, providing the same nationwide benefits. Although plan coverage doesn’t change, premiums vary based on the enrollee’s location, gender, age, and other factors.
Plan K offers the most affordable premiums with the lowest rate of $77 per month. This plan covers enrollees’ Part A hospital coinsurance and 50% of other healthcare expenses with a $6,220 maximum out-of-pocket (MOOP) cost. Other options charge higher premiums than Plan K but offer more extensive coverage.
Many enrollees choose Plan N, which charges an affordable $119 monthly premium for comprehensive coverage. Unlike pricier plans, Plan N doesn’t cover Part B deductibles or excess charges. Enrollees wanting these expenses covered opt for more expensive plans like Plans G and F, which have $145 and $165 premiums.
Plans G and F also offer high-deductible versions (HDG and HDF) with low $42 premiums. Plan F coverage isn’t available to Medicare beneficiaries who became eligible after January 1, 2020.
|LETTER PLAN||LOWEST PREMIUM||HIGHEST PREMIUM|
Average Medicare Part D in Burlington, Vermont
Medicare Part D offers another standalone insurance policy that covers the cost of prescription drugs. Part D categorizes medications using a tier system with higher prices for higher-tier drugs. Insurance providers Aetna, Wellcare, and UnitedHealthcare offer affordable Burlington, Vermont, Medicare Part D plans.
With a low premium of only $7, Aetna’s $480 deductible plan provides a budget-friendly option for Medicare enrollees. Aetna’s plan receives a three-star rating, which measures the plan’s performance and beneficiary satisfaction.
Wellcare offers a similar plan with the same $480 annual deductible. This plan provides another cheap premium rate at only $13 per month and an average three-star rating.
Four-star rated plans tend to have higher monthly premiums, such as the one from UnitedHealthcare. This UnitedHealthcare plan charges $29 per month but boasts a rating of four out of five stars. The higher premium cost gets somewhat offset by a lower deductible of only $310.
When can I apply for Medigap in Burlington, Vermont?
Burlington, Vermont Medicare beneficiaries can’t attain Medigap plans unless enrolled in Medicare Part A and B. You can apply for a Medigap policy if you have both Original Medicare coverages.
Does Medigap cover all costs in Burlington, Vermont?
While Medigap plans cover many healthcare expenses, they don’t cover everything. For example, most Vermont Medicare Supplement plans don’t cover vision, hearing aids, dental, or long-term care.
Medigap may cover Medicare Part A and B deductibles, coinsurance, and other costs depending on the plan.
Which Medigap plan offers the most coverage in Burlington, Vermont?
In Burlington, Vermont, Medigap Plan F offers the most Medigap coverage. It covers Part A and B deductibles, Part B excess charges, skilled nursing costs, all copays, and more.
Do Medigap plans cover drugs in Burlington, Vermont?
No. To get prescription drug coverage, Medicare consumers must get either Part D coverage or switch to one of the Medicare Advantage plans, most of which offer drug coverage.
What is the difference between Medigap and Medicare Advantage plans in Burlington, Vermont?
Medigap and Medicare Advantage offer more coverage than just Medicare Part A and B. Medicare Advantage plans tend to cost less in the long term, but Medigap policies provide more flexible coverage.
How To Sign Up for Supplemental Medicare in Burlington
Expand your Burlington, Vermont, Medicare coverage through a supplemental plan with our assistance at Medigap.com.
Our agents can help you get and compare rate quotes, recommend the best plan for your situation, and connect you with coverage that works for you.
Please fill out our online rate form today, or call us to learn more about our services.