Gerber Life Medicare Supplement Plans
For almost 50 years Gerber Life Insurance Company has given high-quality insurance to policyholders. Most people recognize Gerber as a baby food company or as a life insurance company for child policies.
While Gerber is known for other things, they’re a stable insurance company that offers a variety of insurance policies. Gerber Medigap policies are some of the most competitive plans in the nation.
Insurance companies that cover multiple lines of coverage are strong, stable companies. The mission of Gerber Life is to be a company people trust
Any Gerber Life Medigap insurance policy will provide stability for seniors, filling the gap that Medicare doesn’t cover. The best time to enroll is during your Medigap Open Enrollment Period, this time is when you’ll have Guarantee Issue (GI) rights.
GI rights allow you to enroll in coverage without fear of denial or paying higher premiums due to pre-existing conditions.
Gerber Life Medigap Plans & Benefits
Medicare Supplement plans were standardized by the government in 1990 to make it easier for consumers to compare plans.
Gerber Life Insurance offers all 10 plan options in select areas, they even offer the Medicare Select versions of some of these plans.
To qualify for a Gerber Life Medigap plan you must be at least 65 years old and currently or pending enrollment in Original Medicare Part A and B.
Avoid a late enrollment penalty by signing up when first eligible; during the seven-month period around your 65th birthday.
Also, if you have employer insurance when you turn 65, enroll into Part B within six months of the date when the employer coverage ends.
In some states, you may be eligible to enroll in a Gerber Life Medigap Plan if you’re under 65 and receiving Social Security disability.
Gerber Medigap Plan F
Medicare Supplement Plan F has been one of the most popular and frequently bought Medigap policies on the market. Beneficiaries love having the most comprehensive plan currently available.
Medicare Supplement Plan F covers all the gaps in Medicare and more.
Medigap Plan F benefits include:
- Coverage on the Medicare Part A coinsurance and hospital costs
- Plus, up to an additional 365 days after Medicare benefits are used
- Medicare Part B coinsurance or copayment
- First 3 pints of blood
- Part A hospice care coinsurance or copayment
- Skilled nursing facility care coinsurance
- Part A and Part B deductible
- Part B excess charges
- And Foreign travel emergency coverage
With Medigap Plan F, there are no out of pocket medical expenses for services from Medicare physicians.
Medicare Supplement Plan F tends to be one of the higher costing plans, it does offer first-dollar coverage though.
Many people would rather pay a bit more in premiums, to avoid paying out of pocket for medical bills when they see a doctor or receive treatments.
When you go to choose a plan, you should ask yourself; “Do I want the most comprehensive coverage or the best value?”
This will help you decide which plan will be the best option for you.
Gerber Medicare Supplement Plan G
Medigap Plan G has become an incredible alternative to the more famous Medicare Supplement Plan F.
Gerber Life Medicare Plan G offers the second most coverage between all supplemental plans. This plan covers everything that Medicare Supplement Plan F covers except for the Part B deductible.
While out of pocket expenses can seem like a reason to run, the amount of money you can save in premiums is typically more than the Part B deductible.
The Plan G offers comprehensive benefits with a lower premium than Plan F. To make this policy even more appealing, the rate increases for Plan G tend to be much lower than the increases for Plan F.
Medigap Plan N
One of the most popular Medicare Supplement plans is Medigap Plan N. Although, Plan G and Plan F are the most popular option, Plan N is the third-best option.
You already know that Plan F has the highest monthly premium and the most comprehensive coverage.
Plan N usually has a lower premium than Plan F or Plan G. Medigap Plan N covers everything that Plan F covers; except the Part B deductible and Part B excess charges. Additionally, Plan N has copayments for doctors and emergency rooms visits.
The copayment for doctors’ visits is $20 and the emergency room it’s $50. Aside from the out of pocket expenses, Plan N could save you quite a bit on monthly premiums.
June 2010 marks the beginning of Plan N, it’s relatively new next to other Medigap plans. It offers quite a bit of coverage for a lower premium option.
Medicare Supplement Plan C
Gerber Life Medicare Supplement Plan C is first-dollar coverage. In Connecticut, providers are can’t charge Part B excess charges to Medicare patients; making this plan a good option.
Medigap Plan C covers all benefits except for excess charges, most. Asking the doctor before going if they charge Part B excess charges is allowable.
Plan C is likely cheaper than Plan F, with similar benefits.
Medigap Plan A
Insurance companies that sell Medicare Supplement Plans are required by law to offer Plan A. Plan A has the most basic coverage in all Medigap plans.
Plan A and all the other Medigap Plans, cover 100% of the following four things:
- Part A coinsurance for inpatient care up to an additional 365 days past Medicare benefits
- Medicare Part B coinsurance expenses
- The first 3 pints of blood
- Part A hospice care coinsurance
All Medigap Plans cover hospital coinsurance at 100%. All plans cover at least one more benefit than Plan A; some plans cover up to five additional benefits.
Medicare Supplement Plan B
Plan B offers the same benefits as Plan A, but it will also pay your Part A hospital deductible. Part A & Part B refer to Original Medicare. Plan A and Plan B are referring to Medicare Supplement Plans.
This policy only covers one more benefit than Plan A, the Part A deductible. The deductible is hefty though, $1,364 per benefit period. A benefit period is every 60 days or for each health issue.
Foreign travel coverage or coverage for Part B excess charges can be found with Plan F or Plan G.
Medigap Plan K
If having a lower premium with more cost-sharing is your ideal coverage, you’ll love Gerber Life Medicare Supplement Plan K. This plan covers the Part A deductible and 50% of other gaps in Medicare.
Plan K won’t cover the Part B deductible, Foreign Travel Emergency or excess charges. Although, the plan has a Maximum Out-Of-Pocket limit to protect you from paying too much during the year.
Once you reach the MOOP, the plan pays 100% of services for the remainder of the year.
Medicare Supplement Plan L
Plan K has a lower monthly premium than Plan L; however, Plan L offers lower coinsurance amounts and a lower annual out-of-pocket.
Plan L covers the Part A deductible and about 75% of the other gaps in Medicare. Also, Medicare Supplement Plan L has the same gaps in coverage as Plan K.
Medigap Plan M
The Medicare Supplement Plan M is similar in coverage to Plan N and can sometimes have a lower premium than Plan N.
Plan M doesn’t cover the Part B deductible and Excess Charges. Plan M doesn’t require copayments, but you must cover 50% of your Part A deductible.
Gerber Rate Increases
Just like all the other Medigap insurance companies, Gerber has annual rate increases. Most people want to know how much the increase will be; however, that’s a rate we just can’t predict.
A rate increase happens at the state level and each company, as well as plan, has a different increase. So many factors are at work that it’s impossible to make an accurate prediction.
However, working with an insurance agent can save you time. Our brokers are highly educated in the Medicare space and they know the ins and outs of the
Gerber Life Part D and Medicare Advantage Plans
Currently, there are no Medicare Advantage plans or Part D Prescription drug plans offered by Gerber Life Insurance.
Maybe in the future, they will take on these coverage benefits. For now, they specialize in Medicare Supplement policies. Medicare Supplements fill the gaps in Medicare, the expenses that you would otherwise be responsible for paying.
When you have supplemental coverage, they can’t deny coverage that Medicare already approved.
Medicare Advantage and Part D Prescription Drug plans are by private insurance companies; these plans change annually.
When you have a Part D plan, or a Medicare Advantage plan it’s important to check your coverage and network each year.
Gerber Life Medicare Supplement Reviews & Ratings
Gerber Life offers high-quality Medicare Supplemental coverage, will it be the best coverage for you? That will depend on your age, gender, tobacco usage, zip code and your eligibility for discounts.
Gerber has grown to be one of the most recognized name-brand insurance companies in the world. Additionally, they are currently owned by the Nestle Company.
A.M. Best has given them an A rating, meaning they are an excellent company.
Medigap plans pay in a timely fashion since Medicare oversees approvals for claims. Medicare pays its part and the Medigap policy pays their share.
Many seniors worry about the customer services they’ll receive with their coverage. Additionally, MedicareFAQ services the policy for you; so, you have access to all the top carriers and the best client care team.
Many clients say they had an easier time working with an agent on an issue than they did try to work alone.
Apply for Gerber Life Insurance Medicare Supplement
For more information on how to enroll in Gerber Life Insurance Medicare Supplement insurance plans online, contact us today by phone. Or, complete the online rate form to see a side by side comparison of Gerber Life Insurance Medicare Supplement rates in your area.
Also, our insurance agents are experts in Medicare and they’re ready to lead you in the right direction. Let’s discuss Medicare enrollment, options for coverage, and premium desires; then we can create suitable coverage.