Finding the best Medicare Supplement Plans in Florida is easier than ever. Discover which policies and companies are the best in the sunshine state.
Florida Medicare Supplement Plans are also known as Florida Medigap insurance. Medigap insurance aids in covering the cost for health care expenses Original Medicare doesn’t cover.
Expenses can include costs of deductibles, co-payments, and coinsurance.
Let’s talk about the best Medigap Plans in Florida to ensure you get the most bang for your buck.
The Best Medicare Supplement Plans in Florida
Medicare Supplement Plans cover healthcare costs that have similar coverage to both Part A and Part B Medicare Coverage.
It’s important to remember that Medicare Supplements don’t cover things like dental, vision, nursing care, or hearing aids.
Florida Medicare beneficiaries have 10 standardized Supplement Plans to choose from, each identified by a letter.
All Florida Medigap Plans will offer similar benefits; however, policy premiums might be different from county to county.
The Best Medicare Supplement Plan in Florida is Plan F
Medigap Plan F is the most popular among beneficiaries, this plan gives Medicare beneficiaries 100% coverage in the gaps. Although, despite the high costs, this plan is the most sought-after.
After January 1st, 2020 new beneficiaries will no longer be able to enroll in this plan as it is being eliminated for those turning 65 after this date.
Beneficiaries eligible for Medicare before January 2020 will still have the option to enroll.
The Second-Best Medigap Plan in Florida is Plan G
This plan is becoming one of the most popular plans.
Offering the same excellent coverage as Plan F. However, beneficiaries with Plan G must pay the small annual
Part B deductible. Plan G usually saves beneficiaries the most money annually, while still providing the best coverage.
Additionally, there is a rumor of a Medicare Supplement High Deductible Plan G coming in 2020.
Medicare Supplement Plan N Benefits in Florida
Medigap Plan N requires beneficiaries to cover the annual Part B deductible. Plan N coverage requires co-payments that vary depending on the healthcare service received.
Co-payments for doctor visits are due at the time of service, these payments will be $20. Emergency room visits require a $50 co-pay when not admitted to the hospital.
Eligibility for the Best Medicare Supplement Plans in Florida
Medicare Supplement eligibility requires enrollment in Medicare Part A and B. The Beneficiaries enrollment period starts the first day of the month of your 65th birthday and start of Part B.
Florida supplement plans are designed to cover gaps in Original Medicare, supplement plans do not replace Medicare.
Medicare beneficiaries are responsible for paying the Medicare Part B premium to keep health insurance coverage.
Supplement Plans don’t include prescription drug coverage, you must purchase Part D to avoid a late enrollment penalty.
The Best Medicare Supplement Insurance Companies in Florida
Florida has many options for Medicare Insurance Companies. However, finding the best company will give you peace of mind.
Companies that offer multiple lines of coverage have long-standing financial success, as well as good ratings are the best Medigap Companies in Florida.
Discover below which companies meet our criteria to be the Best in Florida.
The area you live will determine which company is right for your budget and healthcare needs.
Here’s some information on the best insurance companies in Florida; this will help you better understand each company.
Florida United American Medicare Supplement Plans
United American is an insurance company that was designed in 1947, basing their company on four core values: stability, service, quality, and commitment. As they evolve, UA is defined by these principles created years ago.
For over 40 consecutive years United American has earned A+ ratings from A.M Best.
UA works with Medicare, has cancer and critical illness protection to help pay costly expenses. United American also provides term life insurance to help you and your family cover costs of funerals and final expenses.
This is a stable company with a strong financial background, as well as multiple lines of coverage. It makes sense that United American is one of the best Medigap companies in Florida
Mutual of Omaha Florida Medigap Coverage
Mutual of Omaha (MOO), for 46 years, has provided Medicare Supplemental Health Insurance in Florida.
MOO has a wide range of Medigap plans for beneficiaries in Florida. Additionally, Mutual of Omaha is known for providing multiple lines of insurance.
They cover Life insurance, which gives options for end of life care. Plans for employees to ensure financial security with benefits as well as group investments.
Moo has policies in some areas that cover ancillary services such as; prescription drug plans, dental Insurance, Long-Term Care insurance, critical illness insurance, cancer insurance, heart attack, as well as stroke insurance.
Florida Aetna Medicare Supplements
Aetna was first created in 1853 in Hartford, CT. Although, Aetna is now a subsidiary company of CVS Health Corporation.
They’ve also just partnered up with Apple and created a first of its kind, watch-driven wellness app called Attain.
Aetna covers over 43 million Americans; this makes them a leader in Medicare, health, disability, group, and dental insurance nationwide.
Florida Aetna Medicare Supplement plans have zero increases in rate for the first year of coverage. Also, if you and your spouse choose Aetna for your Florida Medicare Supplement coverage, you’ll receive a household discount.
Choose the Best Medicare Supplement Plans in Florida
When you chose a Medicare Supplement Plan in Florida, you get a 30-day Free Look Period which lets you cancel for whatever reason within the first 30 days for a full refund.
Plus, with a supplement you can see any provider that accepts Medicare Assignment, the policy can never be canceled due to health issues and is guaranteed renewable and you have nationwide acceptance of the policy.
Beneficiaries enrolled in the best Medicare Advantage Plans in Florida 2019 can still apply for a Medicare Supplement; however, you’ll need to drop the Medicare Advantage plan before the beginning of the Medigap plan.
A Medicare Advantage plan isn’t a Medicare Supplement; Medicare Advantage plans replace Original Medicare and Supplements compliment Medicare.
Best Medicare Supplement Insurance Plans in Florida Online
To learn more about Medicare options and supplement plans you can visit MedicareFAQ.
You can interact with our agents and even better, our services are 100% free of charge.
Compare every plan option available in the area. We’re here to help you save money, our licensed agents are available to offer assistance to you.
Reach out to us today, or you can compare the best Medicare Supplement insurance plans in Florida online by filling out this form.