There are 12 Medigap plans you have the option to choose in New York. Medigap plans protect you from unpredictable and high out-of-pocket expenses when receiving medical services. Choosing a Medicare Supplement plan allows peace of mind and predictable medical costs.
Choosing the correct Medigap for your needs is essential. We’ll show the average cost for each letter plan in New York, how many Medicare beneficiaries are in each letter plan, the top Medicare Supplement carriers in New York, and the most popular plans.
New York Medigap Enrollment Per Letter Plan
There are 481,178 New York Medicare beneficiaries in Medigap plans, and this means about 21.2% of the Medicare population of New York is enrolled in Medicare Supplements.
Medigap Coverage Chart in New York
The same coverage is available from state to state because the federal government standardizes Medicare Supplement benefits. Medigap plans have the same coverage no matter the state you reside. Wisconsin, Minnesota, and Massachusetts are the only three states that don’t use the standard Medigap rules.
Medigap Costs in New York
Various factors affect the different costs of Medicare Supplement plans. Health, age, and the area you live in having the most significant impact on your plan premiums.
Enrolling during your one-time six-month Medigap open enrollment period will give you the ability to choose any plan with any carrier. Enrolling during your open enrollment allows you to select any plan without medical underwriting. Medigap open enrollment is a one-time enrollment specific to the beneficiary. In New York, you have an ongoing Open Enrollment available to all state residents.
Lowest Medicare Supplement Premiums in New York by Letter Plan
Most Popular Medigap Plans in New York
Since new beneficiaries can’t enroll in Plans C or F, expect Plan G to become a top-3 plan for New York’s Medicare enrollees. Due to the change, it’s expected that enrollments will increase for Plan G and Plan N over the next few years.
Top Medicare Supplement Carriers in New York
Based on a 65-year-old female in New York, you can see an example of Medigap rates for New Yorkers. In New York, Medicare Supplement carriers use community age rating methods.
|Carriers||Plan F||Plan G||Plan N|
|AARP – United Healthcare Insurance Company Of New York||$318||$279||$210|
|Empire Healthchoice Assur Inc (Anthem Blue Cross Blue Shield)||$336||$290||$206|
|Globe Life Insurance Company Of New York||$374||$348||$259|
|Humana Insurance Company Of New York||$447||$399||$282|
|Mutual Of Omaha Insurance Company||$514||$476||N/A|
What is Medicare Supplement Plan in New York Best for Me?
Finding out the right Medigap plan for you can be challenging since everyone’s needs are different. At the same time, all Medigap plans indeed have the same coverage, and Medigap providers vary on customer service, claims payment, and other factors necessary to beneficiaries. We can help you choose a suitable carrier to meet all your needs.
It’s essential to consider your present and future health care needs. It’s necessary to look at your current medical conditions and feel things like family history to make your selection a little more catered to the unknown.
While the price is essential, you don’t want to overpay for the same coverage. For the best experience, consider well-known and financially stable companies. If you look into all the variables, you will usually have a carrier that provides excellent customer service.
Cities in New York with Estimated Premiums for Medicare Supplement Coverage
There are charts with estimated premiums for Medicare Supplement coverage for the below cities:
Are Medicare Supplement plans expensive in New York?
Yes! Compared to other states, New York has some of the highest costing Medigap plans.
What’s the average cost for a Medigap Plan in New York?
In New York, the average cost for a Medicare supplements plan will vary according to the plan letter:
- Plan F is about $378
- Plan G is around $359
- Plan N averages $240
What’s the most popular Medigap plan in New York?
Plan N is the most popular Medicare Supplement in New York.
How to Get Help Signing Up for Medigap in New York
We pride ourselves on making the process quick and easy to compare and even help guide you through the enrollment process. We also work with most Medicare Supplement insurance companies, so you can find a company’s plan that fits your specific needs.
Our licensed agents specialize in Medicare, and services don’t cost you a dime. We’ll educate you on Medicare and your coverage options, and answer any questions that come up.
Complete our rate form, or give us a call to have one of our agents assist you and connect you with the best rates in your area.