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Your Guide to Medicare in New York for 2021

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Medicare Supplement plans in New York give beneficiaries year-round open enrollment. While the plans are the same as other areas across the country, New Yorkers have quite a few extra perks. In this guide, we’ll discuss Medigap, Medicare Advantage, Part D, and more.

First, let’s go over the details on how Medigap is unique in New York and the ways it impacts you.

Year-Round Open Enrollment for Medigap in New York

New York has a year-round Medigap Open Enrollment Period. So, you can apply for a Medigap plan at any time of the year without having to answer any health questions. But, the downfall is premiums tend to be higher.

During the year, you can enroll in Medigap, and insurance companies can’t deny you or charge a higher premium due to health status. While plans may include a pre-existing condition waiting period, it generally only applies if you didn’t have creditable coverage in the last 63 days. But, if you did have creditable coverage, chances are the waiting period could be waived.

No Part B Excess Charges in New York

New York is one of the few states that does not allow excess charges. Regardless of which carrier you decide to go with, the letter plan benefits will all be the same. Any plan that allows excess charges won’t apply to residents in New York.

What are the Top Medigap Plans in New York?

The Best Medigap plan in New York is Plan N. But, if you’re not newly eligible for Medicare, Plan C could prove beneficial. Since excess charges aren’t allowable in New York, comparing the cost of Plan F and Plan C could save you money. Further, comparing the cost of Plan G and Plan N could be beneficial. Again, since excess charges aren’t allowable, choosing a plan that doesn’t cover excess charges gives New Yorkers a chance to save money on premiums without worry about an extra fee. Of course, if you travel out of the state for care, you may be responsible for paying those excess charges.

What are the Best Medicare Advantage Plans in New York?

Medicare Advantage in New YorkThe top Medicare Advantage plans in New York are the Humana Choice PPO, Aetna Medicare Elite Plan, and the Aetna Medicare Premier Plan. Now, these plans can change each year. So, while they may be popular, they might not be the best option for you. For example, if your doctor isn’t in the network of these plans, another option could be more suitable.

Because Medigap in New York is more expensive than in other states, Medicare Advantage enrollment is slightly higher than in other states. 40% of enrollees chose a Medicare Advantage plan.

Private insurance companies offer Medicare Advantage plans. They’ve been approved by Medicare and are usually an HMO or PPO plan. Whichever carrier you chose will then take over as your primary coverage.

You still need Part A and Part B to have a Part C plan, but many Advantage plans include Part D drug coverage. When you’re looking at plans, you’ll want to ensure it covers the medications you take. Otherwise, you could be responsible for the full cost of the drug.

What Part D Plan in New York are Most Favorable

New York Medicare Part D Prescription Drug PlansThe top Part D plans in New York are SilverScript Choice, Humana Walmart Value Rx Plan, and Cigna-HealthSpring Rx Secure-Essential. Now, these won’t be the best option for everyone; they’re just the most popular. For someone that multiple medications, having a plan that covers all those meds is the most critical factor. Before you enroll in a Part D plan, verify your drugs are on the plan’s formulary.

Medigap, Part A, and Part B don’t cover any prescription costs. It’s your responsibility to select a policy to avoid a late enrollment penalty for going without Part D if you don’t enroll when you’re first eligible. But, if you have a form of creditable coverage, you won’t be penalized.

If you don’t sign up when you’re first eligible, you can sign up during the Annual Enrollment Period.

New York Medicare FAQs

Who is eligible for Medicare in New York?
As long as you’re a resident and either aged in at 65 years old or have been collecting Social Security Disability Insurance for at least 24 months, your eligibility for Medicare.
How do I apply for Medicare in New York?
You can apply for Medicare either online, by phone, or at your local Social Security office.
What age does Medicare start in New York?
Medicare starts at age 65. If you’re collecting Social Security benefits for at least two years, you will be automatically enrolled.
How do I qualify for a Medicare Savings Program in New York?
If you’re on a fixed income, disabled, or are a part of a low-income working family, you may be eligible for financial assistance. There are a few options for those who qualify, including a Medicare Savings Program.

How to Sign up for Medigap in New York

New York Medicare Supplement policies can help beneficiaries pay medical bills. All Medigap plans have a difference in costs depending on which carrier you chose. Be smart and compare all Medicare Supplements available in your area. MedicareFAQ can help guide you to find the best supplemental plan suitable for you. Call us at the number above or fill out an online rate form today to learn about rates in your area!

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