Iowa Medicare Supplement plans, also known as Medigap plans, are additional healthcare policies that complement the coverage of baseline Medicare. There are 12 different Medigap plans, each labeled with a different letter. They cover costs for emergency hospital visits, blood transfusions, skilled nursing care, and more.
There’s a wide selection of Iowa Medicare Supplement plans to choose from, but each is federally standardized, so they have consistent benefits regardless of who’s offering the policy.
Iowa Medigap Enrollment & Coverage Chart Per Letter Plan
Iowa has 305,743 total Medigap enrollees. And among everyone in Iowa enrolled in fee-for-service Medicare, 58.7% also have a Medigap plan, the second-highest enrollment rate in the United States.
What are the Popular Medigap Plans in Iowa?
Plan F is the most popular Medigap plan nationwide, and Iowa is no exception. Of the 305,000+ Medigap enrollees across Iowa, 234,772 selected Plan F.
Medigap Plan Coverage Chart for Iowa
One benefit of the federal government standardizing Medigap coverage is that each plan’s benefits won’t vary from state to state.
So if you love the coverage from your Iowa Medicare Supplement plans but have to move, you’ll receive the same benefits with the same policy in a different location.
Medicare Supplement Plans Costs in Iowa
Even though Iowa Medicare Supplement plans remain constant in what they cover regardless of provider and location, the cost of each policy can change dramatically.
Beyond state and insurance providers, several factors will change the overall cost of your Medigap plan, including:
- Your age and gender (Men and individuals over 70 pay more on average compared to women and people below 70 years old)
- Size of your household (some providers offer discounts if you enroll in a policy with your partner)
- History of tobacco use
- Paying per month vs. per year (many providers discount your overall cost when you make monthly payments over yearly)
- Specific plan terms (such as your provider’s history of rate increases and locks)
Cheapest Premium Per Medigap Letter Plan in Iowa
These are the average premium payments for a 65-year-old woman on the cheapest Iowa Medicare Supplement plans per letter.
Most Expensive Premium Per Medigap Letter Plan in Iowa
This chart shows the average premium pay rate for a 70-year-old man enrolled in Iowa’s most expensive Medigap coverage. Note that Plan F costs the most on average, despite being Iowa’s most popular Medigap policy.
Top Medicare Supplement/Medigap Plan Carriers in Iowa
The figures below show the average cost of a Medigap plan for a 70-year-old woman in Iowa.
Medico has Iowa’s most affordable Plan F package for this average age and gender demographic with a $111 premium, followed closely behind Manhattan Life at $112. But United States Fire has the best-priced Plan G package, Iowa’s second-most popular Medigap plan.
|The Capitol Life||$115||$92||$68|
|United States Fire||$113||$91||$72|
Cities in Iowa with Estimated Premiums for Medicare Supplemental Coverage
Below, there are charts with the estimated premiums for Medicare Supplement coverage for the following cities:
What is the best Medicare Supplement in Iowa?
Plan F costs more than all other Iowa Medicare Supplement plans but provides far more coverage than the other policies. Specifically, Plan F covers your:
- Deductibles from Original Medicare
- Coinsurance for hospital, hospice, and skilled nursing treatment
- Yearly blood transfusions
- Up to 80% of medical travel costs outside the United States
But even though Plan F offers the best coverage, the cost might be too much for some enrollees and is no longer available for anyone who gained eligibility after Jan. 1, 2020.
But Plan G includes everything in Plan F aside from deductible coverage, and it costs less on average.
When can I apply for Medigap in Iowa?
You have to be at least 65-years old and already have Part A and B Medicare coverage before you can apply for Iowa Medicare Supplement plans.
Some carriers allow you to apply before turning 65 if you have an eligible disability. However, they generally don’t offer coverage plans as extensive as you would receive for aging into eligibility.
In Iowa, Medicare Supplement insurance policies must be issued as what type of policy?
You need to enroll in Iowa Medicare Supplement plans as a Medicare Supplement policy.
How much is Medicare supplement monthly in Iowa?
On top of the criteria discussed above, your monthly Medicare Supplement costs will depend on your selected plan.
For example, Plan F, Iowa’s most enrolled-in Medigap plan, can cost anywhere from $106-$413 per month, depending on age, gender, nicotine usage, etc.
But Plan G is generally more affordable, as the average cost for a tobacco-free 65-year-old woman can be as little as $84.
Which Medicare supplement plan has the highest level of coverage in Iowa?
Plans F and G offer the most extensive coverage of all Iowa Medicare Supplement plans, but they’re far from the only policies providing decent benefits.
Plan D, for example, offers everything included in Plan F, except for deductible and excess charge coverage. Plan C is another strong solution, with coverage for everything aside from the Part B charges.
And while Plan N isn’t as extensive as C or D, it does offer several insurance benefits at one of the lowest average premium rates of any Medigap plan.
How to Sign Up for Medicare Supplement/Medigap Plan in Iowa
Iowa Medicare Supplement plans give residents access to healthcare services they won’t get with baseline Medicare. And there are plenty of benefits and price points to choose from with 12 different plans and dozens of providers.
Unfortunately, all the different choices can make finding the right Medigap plan a nightmare. But we can make it easy to find your perfect coverage at the ideal price.
Our agents will sort through every plan and provider for you and send you the results so that you can make an informed decision on how to improve your Medicare.
Call our team today, or complete our online rate form to get the best rates in your area today.