Humana Medicare Supplement Plans

When you have Original Medicare, finding a Medicare Supplement plan is vital to ensuring you have the best coverage for your healthcare needs. Luckily, Humana Medicare Supplement (Medigap) plans are among the highest-rated on the market.

Humana is one of the most widely available carriers, offering plans in all 50 states and 84% of counties nationwide. By empowering their members to lead healthy lifestyles and offering a diverse line of Humana Medicare Supplement plans, there are benefits that can fit a broader range of healthcare and budgetary needs.

Below, we’ll review some of the most popular Humana Medigap plans, the company’s customer reviews, and what makes them stand apart from other carriers.

Humana Medicare Supplement Plans for 2023

Humana Medicare Supplement plans continue to be highly rated options by enrollees. When using Original Medicare (Medicare Part A and Part B) benefits, there can still be out-of-pocket costs to cover. Humana Medigap plans help cover these expenses to help keep your healthcare costs low.

But because each Humana Medicare Supplement plan is standardized and offers the same benefits as other carriers, you may wonder how the company differs from other carriers. However, Humana stands out because of its exceptional customer service, low rate increases, attractive special perks for policyholders, and strong financial health as an organization.

There are ten-lettered Humana Medigap plans available, including two high-deductible options. This is important because not only is having a variety better for providing a personalized level of coverage, but not all plans are available to everyone on Medicare due to enrollment restrictions.

The three most popular Humana Medicare Supplement coverage options are the following:

• Humana Medicare Supplement Plan F (Humana Plan F)
• Humana Medicare Supplement Plan G (Humana Plan G)
• Humana Medicare Supplement Plan N (Humana Plan N)

We’ll go into a bit more detail about each of them below, but it’s important to note that there are many other options. This includes Humana Medicare Supplement Plans A, B, C, K, L, High Deductible F, and High Deductible G.

Because of this wide selection, there are often viable options to fit a range of customers, but the right Humana Medigap plan for you depends on your personal healthcare and budget needs. This is why it’s important to compare costs and benefits when shopping for coverage.

Humana Plan F

If you’re looking for the most comprehensive benefits available, then the Humana Medicare Supplement Plan F benefits are right for you. But there’s a significant catch: you must have been eligible for Original Medicare benefits before January 1, 2020, to enroll.

This policy change was implemented, causing newer Medicare beneficiaries to seek other options. But if you do qualify for coverage, a Humana Plan F offers more benefits than any of the 12 lettered plans available.

Here are what your Humana Plan F benefits will cover:

• Medicare Part A deductible.
• Medicare Part B deductible.
• Medicare Part B excess charges in states that allow them.
• Coverage for copayments and coinsurance for hospice care.
• Foreign travel emergency benefits according to your plan’s limits.
• Your plan is guaranteed renewable regardless of your health.

Because of the enrollment restrictions imposed on Humana Plan F, newly eligible Medicare beneficiaries are looking for alternatives. Fortunately, that’s where Humana Plan G comes in. Both are fantastic options, but it will depend on whether or not you qualify to determine which plan is right for your needs.

Humana Plan G

Humana Medicare Supplement Plan G is a coverage option that is growing in popularity for two core reasons:

• It offers some of the most comprehensive benefits available.
• Humana Plan F is not available to newly eligible Medicare beneficiaries.

Enrolling in Humana Plan G coverage is a great way for newly eligible Medicare beneficiaries to receive a comprehensive form of coverage and keep healthcare costs low.

The main difference is that while you’ll receive the same benefits as Humana Plan F, you won’t have coverage for your Medicare Part B deductible when enrolling in Humana Plan G. However, for many, the increased coverage provided by the supplemental benefits is far greater than the yearly deductible of $226 in 2023.

Of course, both plans listed above are great options for those seeking a more comprehensive form of supplemental coverage. But if you’re looking to cut premium costs while remaining covered with many important benefits, alternative options may be your best bet.

Humana Plan N

Having the most benefits will come with a higher price tag. This can be a challenge for some looking to keep monthly premium costs low, but Humana Medicare Supplement Plan N coverage creates a nice balance of benefits and coverage.

Both how you are covered and the price you pay are important components for anyone enrolling. Here are the expenses that Humana Plan N will cover:

• Medicare Part A deductible.
• Medicare Part A coinsurance.
• Foreign travel emergency care benefits.
• Medicare Part B 20% coinsurance, where you are still responsible for paying a $20 copayment at the doctor’s and $50 copayments for E.R. visits when not admitted.

So while you’ll receive fewer benefits, you’ll also receive your coverage at a lower cost while also receiving the same special perks that Humana clients have access to. Humana Plan N is a great option to cut costs and find the right fit for your needs. It’s best to compare coverage options with a licensed Medicare agent to determine which works for you.

How Much Does Humana Medicare Supplement Cost per Month?

The monthly premium price for your Humana Medicare Supplement plan depends on multiple factors, including your age, the letter plan, whether or not you use tobacco, and your location. For example, the cost of a Humana Medigap Plan G in Florida will likely differ from a Medicare Supplement plan in Utah. Again, many factors go into this calculation, including the pricing method your state uses.

It’s also imperative that you enroll in your coverage during your Medicare Supplement Open Enrollment Period to secure the lowest premium possible. During this time, you don’t have to worry about answering medical underwriting questions and can receive the coverage you desire. But if you sign up for a Humana Medigap plan, or any carrier, outside of this period, you’ll have to answer underwriting questions and may be denied coverage or face higher rates as a result.

Below, we’re comparing the average costs you can expect to pay for your Humana Medicare Supplement plan across three different cities. For our methodology, we’re using Medicare’s Medigap policy finder to compare rates of both male and female beneficiaries that are 65 and 75 years of age. None are tobacco users:

Humana Medicare Supplement Eligibility

In order to be eligible for a Humana Medicare Supplement plan, you’ll need to be eligible for Original Medicare. Humana supplement plans assist you after your Medicare Part A and Part B benefits cover your healthcare costs. Unfortunately, leftover out-of-pocket costs can remain, and your Humana Medigap coverage will help you with these expenses.

Therefore, you’ll need to be eligible for and enrolled in the Original Medicare program from the federal government before signing up for Humana Medicare Supplement plans. Ideally, this will occur during your Medicare Supplement Open Enrollment Period. While you can sign up whenever you’d like, you may be denied coverage outside of this time frame and face higher premiums if accepted.

Humana Medicare Supplement Reviews

Since being founded in 1961, Humana began providing viable insurance coverage out of Louisville, Kentucky and continues to do so today at a high level. The company boasts high ratings such as a BBB accreditation of A+, an A.M. Best A- rating for financial strength, a stable outlook, and an S&P rating of BBB+.

Humana also receives rave reviews from our clients, and the current shift in the company should only improve its customer service. There is a dedicated focus to shift more and more into helping the Medicare sector for eligible beneficiaries. We are proud to work with top carriers such as Humana to consistently ensure our clients have the right benefits for their needs.

Humana Medicare Supplement Special Features

Medicare Supplement plan benefits are standardized nationwide by the federal government. This means Humana Medicare Supplement plans will provide the same level of benefits as the same letter-named plans of other carriers.

However, not all carriers are the same. Humana separates itself by offering its members additional benefits for enrolling in a policy through its company. Benefits for Humana policyholders include the following:

• SilverSneakers membership for all policyholders
• Up to 12% household discount in select areas
• Go360 Wellness program
• Seven days a week, customer service
• MyHumana mobile application

It’s essential to take into consideration the many perks that your Medigap carrier will provide, as they can help you with convenience, improve your health, and even save money. Humana supplement plans are great options for the benefits they provide and the many perks policyholders can enjoy.

Humana Medicare Supplement Rates and Increases

Your monthly premium is based on the Humana Medicare Supplement rates, which typically increase yearly. This is a common practice among all carriers as the cost of healthcare increases, but Humana works to maintain reasonable annual increases.

Usually, an average Humana rate increase is about 3% of your monthly premium. However, this can change from year to year and is at the insurance company’s discretion. When assessing a rate increase, remember that insurance companies simultaneously raise the premiums for entire states and that they are plan-specific.

This means you could see a Humana Medicare Supplement Plan F increase by 5%, Plan G by 4%, and Plan N by 3%. Sometimes, the rate will only go up a couple of dollars, while at other times, the rate increase may be more. Working with a licensed Medicare agent ensures you can access different options should rates become unfavorable for your needs.

How to Compare Humana Medicare Supplement Plans

If you’re looking to compare Humana Medicare Supplement plans, we can help. No matter your needs, there are several Humana Medigap plans available, and it’s likely one that is right for you is available in your area. To review Humana Medicare Supplement coverage in your area, call the number above or complete our online rate form to explore options near you today!

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