Medicare Supplement Plans in North Dakota
If you’re a resident of North Dakota and eligible for Medicare, you may be wondering about your supplement options. Well, Medigap and Medicare Advantage plans are available in your state.
The best policy for you depends on your ideal coverage and your budget.
Below, we’ll go over key information about Medicare in North Dakota. Then, in the end, you can make an informed insurance decision.
What are the Best Medigap Plans in North Dakota?
Plan G won’t cover your Part B deductible. But, most people find that they can save money by choosing this option.
Also, with Plan N there are small copays for doctor visits or the ER. But, if you don’t see your doctor too often, this plan may work.
Supplement plans won’t include Part D. Meaning, you’ll want to buy a stand-alone Part D plan.
What Does a Medicare Supplement Plan Cost in North Dakota?
First, pricing depends on several factors. For instance, Plan G may cost more in Fargo than in Jamestown.
In North Dakota, a woman of age 65 can get Plan G for around $110 a month. If you’re a 65-year-old woman who wants Medigap Plan N, it could cost you around $90 each month.
Depending on your specific health situation, Plan N could work. While this plan isn’t nearly as comprehensive, it may be less costly.
A man, age 65 may pay a monthly premium of about $100 for Plan N. But, Plan G could cost a man about $120 each month.
Keep in mind these are rates for 65-year old, non-smokers in the Open Enrollment Period.
To better explain why someone would choose one policy over another, let’s take a look at Mallory’s situation in the section below.
How to Choose Medigap in North Dakota?
Choosing a Medicare Supplement plan in North Dakota is similar to choosing a plan in most other states. But, some states have different rules. So, if you’re moving anytime soon, be sure to understand Medicare rules in your new state.
The best way to choose a Medicare Supplement is to consider the value a plan can bring you. If you need to see a doctor consistently, you don’t want to be underinsured. But, if you’re healthy and want a low premium, you want to avoid over-insurance.
Below we’ll look at an example of Mallory and her husband to better explain how Medicare isn’t one size fits all.
Let’s say Mallory is 65 years old and needs to see her doctor twice a month for blood work. Well, if Mallory chooses Plan N she’ll pay enough in copayments to equal the Plan G premium.
So, it would make more sense for Mallory to choose Plan G and forget about copayments. But, her husband never goes to the doctor and is very healthy.
For Mallory’s husband, Plan N makes more sense because he can put the monthly savings aside for when he needs care.
Will you be looking for a low premium or do you prefer paying less as you receive care?
Who Should get a Medicare Advantage Plan in North Dakota?
If you’re more interested in paying a small premium and following a strict network, a Medicare Advantage plan could work for you.
In North Dakota, 17% of recipients have an Advantage. North Dakota doesn’t have the most sought after Advantage plans, but if you don’t qualify for Medigap or can’t afford it; some coverage can be better than nothing.
To qualify for an Advantage plan, you’ll first need to have Part A and B. Also, you’ll need to live in the plan’s service area.
When signing up, you’ll need to familiarize yourself with restrictions. For instance, Advantage plans have local networks to follow.
So, you’ll have to see doctors within the network or pay for the service yourself.
Advantage plans in North Dakota can cost anywhere from $0-$240 each month. Of course, prices can vary between locations.
Understanding Medicare Part D in North Dakota
Across the country, Part D is a voluntary option. But, without this coverage, you face penalties if you ever do enroll in Part D.
A Part D Plan with a low premium isn’t always the best choice. Now, if you don’t take any medications, go right ahead and choose a policy based solely on premiums.
However, if you’re like most seniors, you have at least a couple of medications that are important to improving your quality of life.
So, when choosing a plan in any state, you’ll want to compare the deductible, premium, and copayments that you’ll need to pay.
Then, choose the best plan based on your needs. And, don’t be surprised if the best drug plan for you is different from your friends.
Get Help Finding the Best Plan For You
Choosing a Medigap plan is difficult to do alone. As you’ve learned in the content above, the best policy for you isn’t always the most suitable for another person.
Our agents can help you identify the best choices for you. We can give you a non-biased opinion on carriers and options.
Working with a company that represents many top carriers will give you greater access to transparency.
Give us a call at the number above to talk to an expert now. Or, fill out an online rate form to see costs in your area now!