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Medicare Supplement Plans in Arkansas


Medicare Supplement plans in Arkansas work with Medicare Part A and Part B to lower out-of-pocket responsibilities for Medicare enrollees. Depending on your budget and healthcare needs, a Medicare Supplement plan may benefit you.

Below, we discuss how Medicare Supplement plans in Arkansas work and how you can best utilize their coverage.

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What is a Medicare Supplement Plan in Arkansas?

Medicare Supplement plans in Arkansas are a secondary coverage option that picks up the costs Original Medicare (Parts A and B) leave. Medicare Supplement (Medigap) plans do not provide additional benefits like dental or vision. Instead, these policies pick up the out-of-pocket costs for which you would otherwise be responsible.

Medicare Part B only covers 80% of the services and equipment Medicare approves. Thus, Medigap plans pay the other 20%, providing gap coverage. When you encounter steeper healthcare costs, that 20% can add up.

All Medicare Supplement plans in Arkansas are standardized. In this case, standardization means that each plan of the same lettered name will provide identical benefits, regardless of carrier. For example, Medicare Supplement Plan G will give you the same coverage whether you enroll with Mutual of Omaha or Cigna.

Additionally, you can see the same doctors across all Medigap plans. Medicare Supplement plans do not have networks. This means that you can see any provider if they accept Original Medicare.

Plus, you will never need a referral when you see a specialist. Once Original Medicare picks up its portion of the bill, your Medicare Supplement plan will follow suit with the remainder.

Best Medicare Supplement Plans in Arkansas

When it comes to Medicare Supplement plans, there is no one-size-fits-all policy. So, the best choice for your neighbor may not be the best fit for your budget or health coverage needs.

However, most people find that Medicare Supplement Plan F, Plan G, or Plan N can fulfill both these needs. Thus, they are considered the best Medicare Supplement plans in Arkansas.

Medicare Supplement Plan provides the most comprehensive coverage of all Medigap plans. However, to enroll, you must have signed up for Medicare Part A before January 1, 2020. Medigap Plan F is unavailable to anyone enrolling in Original Medicare after this date.

This plan covers all the out-of-pocket costs Original Medicare otherwise leaves after paying its portion of the bill. Thus, providing 100% coverage for everything Medicare approves.

For those who are not eligible for Medicare Supplement Plan F, Plan G is the most comprehensive. Recently, even those who can get Medigap Plan F are enrolling in Plan G because of its low monthly premium and fantastic coverage.
Medicare Supplement Plan G is almost identical to Plan F. However, Medigap Plan G does not cover the Medicare Part B deductible. So, you will be responsible for this cost. Once you meet the annual deductible – which is the same for all enrollees and changes each year – Medicare Supplement Plan G provides 100% coverage.

Medicare Supplement Plan N is a low-cost plan that provides excellent benefits. When you enroll in Medigap Plan N, you are responsible for the Medicare Part B premium, plus a $20 copay at the doctor and a $50 copay at the emergency room if you are not admitted. If you are admitted, the $50 copayment is waived. In addition to these costs, you may be responsible for excess charges with Medicare Supplement Plan N.

Excess charges are an additional 15% charge on top of the Medicare-approved cost for a service. If your doctor does not accept Medicare assignment, you could be responsible for this cost.

However, these charges are not common, and it is possible that you will never need to pay them., Arkansas allows excess charges, so although they are rare, you could run into excess charges in this state. Yet, if you receive care in a state that does not allow excess charges, your state of residence will not be a factor, similar to paying tolls on out-of-state roads.

Cost of Medicare Supplement Plans in Arkansas

While Medicare Supplement plan benefits are standardized, the monthly premium costs are not the same across the board. Insurance companies are free to set their monthly costs. Thus, finding a reputable carrier that offers your plan at a low price in your ZIP Code is crucial.

Additionally, the monthly cost of your Medicare Supplement plans in Arkansas depends on your age, gender, tobacco use status, and other factors. So, to know your exact premium based on your demographics, it is essential to work with a licensed agent who can access these costs.

The chart below shows an example of the costs for a 65-year-old woman in Arkansas vs. a 65-year-old man in the same Arkansas ZIP Code.

65-Year-Old Female, No Tobacco, Arkansas
Medigap Plan Monthly Premium
Medicare Supplement Plan F $166-$475
Medicare Supplement Plan G $132-$438
Medicare Supplement Plan N $108-$326
65-Year-Old Male, No-Tobacco, Arkansas
Medigap Plan Monthly Premium
Medicare Supplement Plan F $166-$475
Medicare Supplement Plan G $132-$438
Medicare Supplement Plan N $108-$326

As you can see, Arkansas Medigap plans are community rated. Thus, there is no difference between male and female pricing.

Remember that the above costs are estimates and are subject to change at any time and for any reason. Additionally, the closer you are to 65, the more often you will find lower premiums and have a plan accept you.

Medicare Supplement Plans in Arkansas Under Age 65

Federally, there is no requirement for companies to sell Medicare Supplement plans to those under age 65. Each state can determine whether carriers must offer policies to those on Medicare due to disability.

Arkansas does require carriers to offer Medicare Supplement plans to disabled beneficiaries under 65. However, a carrier is only required to offer one plan to those on Medicare due to disability.

If a carrier offers Medicare Supplement plans to those on Medicare due to disability, the premiums are typically much higher under 65. This is due to their disability status and the liability it brings to the insurance company.

If you are on Medicare due to disability, it is recommended to enroll in a Medicare Advantage plan until you turn 65. Often, these plans will save you in the long run before you age into Medicare due to the high monthly premium costs.

However, once you turn 65, you are eligible to enroll in a Medicare Supplement plan with no underwriting health questions. So, you can sign up at the standard premium rate, saving hundreds of dollars each month compared to the disability premium rate.

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How to Enroll in a Medicare Supplement Plan in Arkansas

Once you turn 65 and enroll in Medicare Part B, you qualify for the Medicare Supplement Open Enrollment Period, which lasts six months after your Medicare Part B is activated. During this time, you can enroll in a Medicare Supplement plan without worrying about underwriting.

Keep in mind, this window only happens once – unless you are eligible before 65, in which case you get two Medigap Open Enrollment Periods. While you can still enroll in a Medicare Supplement plan at any time, failing to do so during your Open Enrollment Period could result in future policy denial or higher monthly premiums due to pre-existing health conditions.

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Additional Medicare Coverage Options in Arkansas

Besides Medicare Supplement plans in Arkansas, additional coverage options are available to cover ancillary benefits. These benefits can include dental, hearing, vision, and prescription drug.

You do not need a Medicare Supplement plan to enroll in these additional coverage options. However, they complement Medicare Supplement benefits.

Medicare Part D offers prescription drug coverage to Medicare enrollees. You can enroll in Medicare Part D once you enroll in Part A. It is essential to sign up as soon as you are eligible. This way, you avoid a late enrollment penalty. Dental, vision, and hearing plans are also available – often as bundled coverage – as Original Medicare does not cover these benefits.

If you decide a Medicare Supplement plan is not for you, Medicare Advantage plans are also available in Arkansas for anyone with Original Medicare. These plans, also through private insurance companies, combine Medicare Part A and Part B benefits and often include dental, vision, hearing, prescription drug coverage, and more through the same policy. Yet, Medicare Advantage plans usually have network restrictions, high out-of-pocket limits, and can require referrals when visiting specialists, from which a delay of care can result. Also, be aware that you cannot have both Medicare Supplement and Medicare Advantage; you must choose one of these policies at a time.

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How to Compare Medicare Supplement Plans in Arkansas

If you are ready to start shopping for your best Medigap option in Arkansas, call us at the number above! Can't call now? Fill out our online rate comparison form to receive a free rate comparison of all the top plans in your area.

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Sources:

MedicareFAQ is dedicated to providing you with authentic and trustworthy Medicare information. We have strict sourcing guidelines and work diligently to serve our readers with accurate and up-to-date content.

  1. Senior Health, Arkansas Department of Insurance. Accessed June 2022.
    https://insurance.arkansas.gov/pages/consumer-services/senior-health/
  2. Medicare Toolkit, ADOI. Accessed June 2022.
    https://insurance.arkansas.gov/uploads/pages/2021_medicare_toolkit_rev.pdf

Jagger Esch

Jagger Esch is the Medicare expert for MedicareFAQ and the founder, president, and CEO of Elite Insurance Partners and MedicareFAQ.com. Since the inception of his first company in 2012, he has been dedicated to helping those eligible for Medicare by providing them with resources to educate themselves on all their Medicare options. He is featured in many publications as well as writes regularly for other expert columns regarding Medicare.

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