Oxford Life Medicare Supplement Plans

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Oxford Life Medicare Supplement Plans began in the state of Arizona in 1965, with a primary focus of serving Medicare Beneficiaries with support and experience to help make decisions about health care needs.

The Oxford Life companies include Oxford Life Insurance Company, North American Insurance Company, and Christian Fidelity Life Insurance Company. They work to enable beneficiaries to live in financial security.

Oxford Life Medicare Supplement Plan Benefits

Oxford Life Medicare Supplement Insurance Company

Oxford Life Medicare Supplement Plans are a secure option

This company provides several solutions for the Medicare market, but offer solutions with life insurance and annuities that meet the needs of the Medicare beneficiary.

They offer Plan A, Plan B, Plan C, Plan F, Plan G, and Plan N. Since every state can have some variations on the plans, check with a broker to see what specific plan options are available in your area.

Every Medigap Plan is required to include the following basic benefits below:

  • Medicare Part A hospital coinsurance
  • Part A supplemental hospital care (additional 365 days after Medicare benefits end)
  • Medicare Part A coinsurance for hospice care
  • Part B coinsurance for hospital outpatient services
  • First 3 pints of blood each year

Oxford Life Plan A

Plan A has the lowest coverage level of all Medicare Supplement Plans. Despite having the lowest level of benefits the Plan A is chosen by beneficiaries that desire greater coverage level than Original Medicare, but don’t intend to use healthcare services often.

Medigap Plan A provides basic benefits:

  • Part A hospital coinsurance and coverage for 365 additional days after Medicare benefits end
  • Medicare Part A coinsurance for hospice care
  • Part B coinsurance (generally 20% of Medicare-approved costs) for hospital outpatient services
  • First 3 pints of blood each year

Oxford Life Plan B

Plan B is an uncommon plan that few Medicare Beneficiaries elect because of the minimal benefit levels, but like Plan A, if you don’t intend to utilize many healthcare benefits it will give you a stronger set of benefits than in Plan A.

Its benefits include the basic benefits contained in Plan A and the Part A hospital deductible for inpatient services.

Oxford Life Plan C

Plan C also includes the basic benefits and contains additional benefits to keep yours out of pocket costs low. This makes the plan easy to budget as you know what your monthly costs will be no matter how often you need to utilize the plan.

On January 1st, 2020 Plan C is retiring, as the MACRA act deems that there can be no more 1st dollar coverage plans. Also, in states that don’t allow excess charges, Plan C is very popular.

In addition to the basic benefits, Medigap Plan C gives Medicare Beneficiaries:

  • Part A hospital deductible for inpatient services
  • Skilled nursing facility coinsurance (for days 21 – 100)
  • Part B deductible for qualified medical and hospital services, generally for outpatient services
  • Foreign travel medical emergency coverage

Oxford Life Plan F

Plan F is the most comprehensive Medicare Supplement Plan available. It covers the beneficiary’s portion of the costs, including excess charges of Medicare-approved amounts.

A Medicare Beneficiary on Plan F will experience no out-of-pocket expenses during visits to Medicare hospitals or doctors’ office visits.

Plan F includes the Medicare basic benefits and:

  • Part A hospital deductible for inpatient services
  • Skilled nursing facility coinsurance (for days 21 – 100)
  • Part B deductible for certain medical and hospital services, generally for outpatient services
  • Part B excess charges benefit for charges exceeding the normal Part B limit
  • Foreign travel medical emergency coverage

Because it covers essentially all a beneficiary’s out-of-pocket portion, Plan F has been the most popular plan.

Increasing costs and the removal of 1st dollar plans in 2020, has made Plan F cost-prohibitive to many beneficiaries, driving droves of beneficiaries towards Plan G.

Oxford Life Plan G

Currently, the most popular plan is Medigap Plan G. This is due to it giving the beneficiary fully comprehensive coverage for a lower price.

The only thing that is not covered by Plan G is Medicare’s Part B deductible.

Included in its benefits package are Medicare’s basic benefits and additional coverage for hospitalization:

  • Part A hospital deductible for inpatient services
  • Skilled nursing facility coinsurance (for days 21 – 100)
  • Part B excess charges benefit for charges exceeding the normal Part B limit
  • Foreign travel medical emergency coverage

In most cases, you will save $250+ a year on the Plan G for the same coverage level as the Plan F

Oxford Life Plan N

For most beneficiaries aging into Medicare Plan N is the most affordable plan option. This holds true especially if you are not going to the doctor often.

Plan N features Medicare’s annual Part B deductible and small co-pays for the doctor and emergency room.

It gives significantly more protection than the Plan A at a budget price which makes this plan a favorite with sensible Medicare Beneficiaries.

Plan N includes Medicare’s basic benefits along with additional coverage for hospitalization plus:

  • Part A coinsurance (generally 20% of Medicare-approved costs) – for hospital outpatient services
  • Part B hospital deductible for inpatient services after a $50 copayment ER and/or a $20 copayment for a doctor’s office visit
  • Skilled nursing facility coinsurance (for days 21-100)
  • Foreign travel medical emergency coverage

Oxford Life Rate Increases

Many people think the premium quotes they get for Medigap is going to be the same premium throughout retirement. However, that just isn’t the case; every company has an annual rate increase.

The average annual rate increase for Oxford Life was 8.5%. Although, that should be taken as a grain of salt because each state and letter plan has a different increase.

To make your life easier, contact one of our expert brokers and let them help you discover the best coverage for you in your area.

Medicare Advantage Plans

Currently, Oxford Life does not offer plans for Medicare Advantage market. Medicare Advantage plans are typically referred to as Medicare Part C, and most include some prescription coverage and additional benefits.

These plans generally are network-based plans that replace Original Medicare. By law, a Medicare Beneficiary cannot enroll in a Medicare Advantage Plan and a Medigap Plan simultaneously.

Oxford Life Part D Plans

Part D prescription drug plans are not by Oxford Life. We would be glad to assist you with comparing all the Part D plans available to you and assisting with comparisons on which one is best for you and why.

Additionally, our agents offer policies that can meet your needs. Give us a call at the number above!

Oxford Life Providers

Medicare Supplement plans through Oxford Life aren’t on a network. This means that if the doctor accepts Original Medicare a Medicare Beneficiary can go see that doctor.

This also means that referrals are not needed. Original Medicare is accepted by more than 90% of doctors nationwide.

Oxford Life Reviews

Oxford Life Insurance has pros such as financial strength and ensuring Medicare Beneficiaries for over 15 years. They also boast fast claims processing as well as strong financial reserves. Although, their rates are not as competitive as we would like to see.

They have online forms for customer service to resolve issues which is good for today’s digital world. Lack of a household discount and a policy fee are a few things that are major negatives for Oxford Life.

The BBB has listed Oxford Life as an A- rating. All in all, they are a solid company, but not the most competitive when it comes to price, and not as conservative when It comes to rating increases.

Oxford Life was honored as one of Ward’s 50 Benchmark Group of top performing life insurance companies for financial safety and security in 2010, 2011 and 2012.

The other Products Oxford life provides for the Medicare Beneficiary market is final expense life insurance and annuities to help beneficiaries maintain their lifestyle into retirement.

Oxford Life Carrier Ratings

When it comes to carrier ratings AM Best is the standard for Medicare Supplement plans.

Oxford life has an AM Best rating of A- with their subsidiary Christian Fidelity Life Insurance Company coming in at a B++, and their other company North American Insurance Company has a BBB rating.

AM Best has also confirmed a Strong financial strength rating of A-.

Oxford Life Medicare Supplement Plans Through MedicareFAQ

Here at Medicarefaq we take providing the best solutions for Medicare Beneficiaries seriously.

Our licensed agents have the knowledge and training to help you plan for your future and ensure you have the best coverage options to choose from based on your situation.

Some states have different coverage options and types, and prices and plan options will vary. Although, this will sometimes make it difficult to compare what options you truly have.

We are here to help provide Medicare Beneficiaries with the information they need to make coverage choices that are the best for their individual needs and situations.

Don’t drag your feet when it comes to this decision. Making sure you and your loved ones have the very best for their healthcare needs is a top priority.

Don’t wait until something happens to make the decision. Call us today or fill out the online rate form to get a free quote.