Guide to Louisiana Medicare Supplement Plans

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Louisiana Medicare Supplement plans are just like the plans available in other states. Over 1 million residents in this state rely on Medicare for health coverage.

In this context, we’ll go over options, costs, and a few statistics. Then, in the end, you can make the best decision for you.

Medicare Supplement Plans in Louisiana

Throughout this content, we’ll use the terms “Medicare Supplement” and “Medigap” interchangeably. Before we get into the details of Medicare Supplement coverage, let’s go over a few state-specific statistics in regards to Medigap.

Almost 150,000 Louisiana residents have a Medigap plan. Per-beneficiary spending is higher in Louisiana than in any other state; 20% higher than the national average.

Further, one in five of those on Medicare in Louisiana are under the age of 65. Medicare Supplement plans are available to those under 65, but the premiums will be astronomical in comparison to the premiums for those eligible due to age.

How to Compare Medicare Supplement Plans Louisiana

To give you an example of the rates in Louisiana for Medicare Supplement insurance we’re going to look at New Orleans resident, Bruce. He is a 65-year-old male, non-smoker in his Open Enrollment Period.

Keep in mind, a woman usually has a slightly lower premium.

For Bruce, Plan F could cost around $165 a month. But, Plan G would only cost $145 a month.

Between these two plans, it would make more sense for Bruce to choose Plan G. Let me explain.

The price difference is $20 a month or $240 a year. Yet, the only difference is the Part B deductible, which is less than $240 annually.

Bruce can pay the deductible himself and save money. With the help of an agent, Bruce can easily identify the value of the policy instead of just looking at benefits or premiums alone.

Now, if Bruce is healthy or has hefty savings for healthcare, he may want a lower premium in exchange for more out of pocket costs.

In this case, Plan N would only cost Bruce about $110 a month. Now, if he’s still in search of a lower premium, he can look at high deductible options.

High Deductible Plan G could cost as low as $36 a month. But, it’s very important that Bruce understands the deductible and terms of this coverage before enrollment.

Sometimes it’s better to pay a little more in premiums, this way when something catastrophic happens, the cost isn’t an issue.

Medicare Advantage Plans in Louisiana Medicare Advantage in Louisiana

There are over 70 Medicare Advantage plans in the state of Louisiana, unfortunately, none of them have a 5-star rating. But, some carriers do have a 4.5-star rating; including Aetna and Humana.

Over 38% of beneficiaries in this state opted for Advantage plan insurance.

Now, this is the prime example of when you need to look at costs beyond the premium.

A policy with a low premium is going to have higher costs when you obtain services.

Plus, if you have a specific list of doctors, you’ll need to double-check the Advantage plan annually to ensure the physician still accepts the plan.

Otherwise, when you see that doctor you could end up paying the full cost.

There are downfalls to Advantage plans, but if you know what you’re getting into you can prepare for flexibility.

Also, some coverage is better than no coverage. While these plans have their pitfalls, Medicare doesn’t have a Maximum Out of Pocket.

So, in a catastrophic event, costs won’t have a cap. But, with an Advantage plan, you’ll have a cap.

Usually, the Maximum Out of Pocket is between $5,000 and $10,000 for the year.

Louisiana Medicare Part D Prescription Plans Louisiana Medicare Part D Prescription Drug Plans

There are 26 Part D plans in the state of Louisiana.

Of course, all plans aren’t available in every county.

When choosing Part D it’s essential to look beyond the premium.

While the lowest premium policy is less than $15 a month, it would be useless if it didn’t cover the drugs you need.

The best Part D plan for you will be the policy that covers your drugs and costs you the least amount overall for the year.

So, in some cases, it’s going to be a policy with a higher premium. And, for those that don’t take medication, you can rely on looking solely at the premium.

No matter what you choose, it’s important to choose something so you don’t incur a Part D late enrollment penalty.

Be sure to evaluate the formulary and potential costs.

It’s our advice that you contact an agent to help you identify the best options.


How expensive is a Medicare Supplement in Louisiana?
Medicare Supplements can run as low as $30 a month or over $450 a month. Costs depend on a specific location, eligibility, and other factors.

The most accurate quote will come from an insurance agent in your state.

What Medicare Plan is the best in Louisiana for deductibles?
If you don’t want any deductibles, Plan F covers all those gaps. But, Plan F is only available to those eligible for Medicare before 2020.

Plan G is the next best option, leaving you with only the Part B deductible. Now, this is the same across the country, not specific to Louisiana.

Who qualifies for Medicare in Louisiana?
You qualify for Medicare the same way in all states, by either turning 65 or by collecting Social Security Disability for at least 24 months.

Although those with End-Stage Renal Disease or Amyotrophic Lateral Sclerosis may be eligible upon diagnosis.

You can contact Social Security if you have questions about your Medicare eligibility.

How to Compare Medicare Plans in Louisiana

Comparing rates for Medigap plans in Louisiana can be done over the phone. The best way to get an accurate quote is to have a conversation with an insurance agent.

An agent can help you identify the coverage that’s suitable for you based on the needs you have or could have in the future.

Our agents understand policy rate increases, company ratings, and many other factors that can go into selecting the best coverage.

Don’t apply for Medigap alone, when an expert is a phone call away, ready to help you through the process.

Give one of our Medicare experts a call at the phone number above. Or, fill out an online rate form to see the rates in your area.

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