Medicare Supplement Plans in Florida

Many Medicare beneficiaries in Florida enroll in Medicare Supplement (Medigap) plans to reduce their out-of-pocket Medicare expenses. Although some states have specific rules, Medigap plans in Florida closely follow the federal guidelines for Medicare Supplement coverage. On this page, we dive into everything you need to know about Medigap plans in Florida for 2023.

Best Medicare Supplement Plans in Florida

Original Medicare does not cover 100% of medical costs for beneficiaries. Medicare Supplement plans are designed to close the gap between what Medicare pays and what the beneficiary pays, lowering out-of-pocket costs.  The best Medigap plans in Florida align with the best Medigap plans nationwide. It is no surprise that Medicare Supplement Plan F, Plan G, and Plan N are the most popular plans available in the Sunshine State for 2023.

Medicare Plan F Florida

Medicare Supplement Plan F is the most comprehensive Medigap plan available in Florida, leaving you with no out-of-pocket medical expenses. The only cost you pay with Medigap Plan F is the monthly premium for your Medigap carrier and your Medicare Part B premium. Depending on when you became eligible for Medicare, you may not be able to enroll in Medigap Plan F in Florida.

Keep in mind if you do enroll in Plan F, your monthly premium will be higher than other Florida Medigap plans.

Anyone who became eligible for Original Medicare after January 1, 2020, is unable to enroll in Medicare Plan F in Florida. However, there are several other plans available that may meet your healthcare needs.

Medicare Plan G Florida

Florida Medicare Supplement Plan G is a comprehensive Medigap plan that offers full coverage after you meet the Medicare Part B deductible.

The only out-of-pocket cost for those with Medicare Supplement Plan G in Florida is the Medicare Part B deductible. However, beneficiaries receive 100% medical coverage once they meet the deductible.

Plan G is a popular Medigap plan in Florida due to its affordable premium and full coverage.

Medicare Plan N Florida

Medicare Supplement Plan N is a great Medicare Supplement option for Florida residents who wish to have great benefits and a low monthly premium. When enrolled in Florida Plan N, you will pay the Medicare Part B deductible and may be responsible for copayments at the doctor’s or for hospital visits.

In addition to copayments, beneficiaries in Florida may be responsible for additional costs known as excess charges when receiving services from doctors who do not accept Medicare assignment.

Excess charges are applicable in Florida, so it is important to speak with your doctor about Medicare assignment before receiving treatment to avoid unexpected costs.

Who is Eligible for Medigap Plans in Florida?

If you enroll in Original Medicare, you qualify for Medigap plans in Florida. Each beneficiary gets a six-month Medicare Supplement Open Enrollment Period to select a plan and avoid the underwriting process.

Delaying enrollment may result in the inability to enroll in a Medigap plan in the future. You can still apply for a policy outside your Medigap Open Enrollment Period, but your pre-existing health conditions could result in higher premiums or denial from the plan.

Medicare Supplement Rates Florida

Medigap plans in Florida base their cost on age, sex, ZIP Code, and smoking status. Each of these factors plays a role in determining your specific Medicare Supplement monthly premium. Below, we provide a monthly premium example from a 65-year-old non-smoking male and female living in Florida.

Florida Medigap Companies

There are many insurance companies that offer Medicare Supplement plans in Florida. However, when enrolling in a plan, it is essential to make sure your plan is highly rated and has good feedback from current clients.

Here are some of the companies that offer these plans:

• Aetna
• Cigna
• Humana
• Lumico Life Insurance
• Manhattan Life
• Mutual of Omaha
• United American
• UnitedHealthcare

It’s important to note that the cost of Medigap plans in Florida can vary by carrier, but your plan’s benefits will not. Because Medicare Supplement plan benefits are standardized, each carrier is required to provide the exact same benefits. Thus, plan benefits are not a factor to include when choosing the right carrier for you.

Medigap Plans in Florida for Beneficiaries Under 65

Those under 65 can expect their Medigap premium to be much higher than for someone over 65. Because of this, many beneficiaries with Medicare and disability opt for a Medicare Advantage plan until they turn 65.

Any carrier offering Medigap plans in Florida must provide plans to Medicare beneficiaries under 65 as well as those 65 and older. Not every state requires carriers to provide Medigap coverage options to beneficiaries under 65.

Florida Medicare Supplement Rating Method

In Florida, Issue Age is one of the ways that insurance companies can set the premiums for Medigap policies.

With Issue Age rating, the premium for a Medigap policy in Florida is based on the age you are when you first enroll in the policy. The premium remains the same for the duration of the policy, as long as you continue to pay your premiums on time.

For example, if you enroll in a Florida Medigap policy at age 65, your premium will be based on your age at the time of enrollment. If you decide to switch to a different Medigap policy later, your premium for the new policy will be based on your current age at the time of enrollment.

When to Enroll in Medigap Plans in Florida

The rules around enrollment for Medigap plans in Florida are standard. Suppose you sign up for Medicare Part B at or after age 65. In that case, you will receive a six-month Open Enrollment Period. This enrollment period allows you to enroll in any Medicare Supplement plan in Florida without medical underwriting. This Open Enrollment Period begins on the first day of the month you turn 65 or enroll in Medicare Part B.

If you receive Medicare Part B before age 65, you will not only receive an Open Enrollment Period beginning the first day of the month your Medicare Part B goes active but again beginning the first day of your 65th birth month. Your second Open Enrollment period will also last six months.

If you enroll in Medicare Part B and have group coverage paying secondary, you will receive a two-month Open Enrollment Period when you lose group coverage voluntarily or involuntarily. This time allows you to enroll in a Medicare Supplement plan in Florida without underwriting health questions.

Aside from these significant Open Enrollment Periods, unless you qualify for guaranteed issue rights, you must answer underwriting health questions when applying for Medigap coverage. Thus, a carrier can deny coverage to anyone because of pre-existing conditions.

Additional Coverage for Medicare Beneficiaries in Florida

Aside from Medigap plans in Florida, several other coverage options are available to Medicare beneficiaries that complement their Original Medicare coverage.

Original Medicare does not cover prescription drugs, so it is essential to enroll in Medicare Part D. Medicare Part D works with Original Medicare and Medicare Supplement plans by providing beneficiaries with prescription drug coverage. Several insurance carriers in Florida offer Medicare Part D policies.

Alongside Medicare coverage options, Florida also offers dental, vision, and hearing plans, as well as cancer, heart attack, and stroke plans. Original Medicare does not cover dental, vision, or hearing benefits, so these plans are popular among beneficiaries. Many beneficiaries enroll in these additional plans to create plans with as much coverage as possible.

If you decide Original Medicare benefits are not for you and are looking for a Medicare all-in-one plan, many Medicare Advantage plans are available in Florida. Each Medicare Advantage plan offers differing benefits and maximum out-of-pocket costs. Keep in mind Medicare Advantage plans often have provider networks and restrictions that would not be applicable with Medigap.

How to Enroll in Medicare Supplement Plans in Florida

MedicareFAQ is a source for Medicare Supplement education and enrollment, and we assist beneficiaries nationwide. However, we are located in the Tampa Bay, so our agents are extremely familiar with Florida Medigap insurance. You can trust our Medicare experts to find the best Florida Medigap plan for you.

We take your need into consideration and compare rates with the top carriers in your area. Give us a call at the number above to get started today! Can’t call now? No problem. Complete our online rate form to compare rates for Medicare Supplement plans in Florida today!

Enter ZIP Code

Enter your ZIP code to pull plan options available in your area.

Compare Plans

Select which Medicare plans you would like to compare in your area.

Get Quote

Compare rates side by side with plans & carriers available in your area.