Medicare Supplement Plans North Carolina

Your Source for North Carolina Medigap Plans

For Medicare Supplement Plans in North Carolina, there are several choices, but what is the best Medicare Supplement Plan in NC?  The answer to that question is “It depends”.  I know that is not exactly what you are looking for but please keep reading for a full explanation or call us anytime at 844-528-8688 for a personal consultation on what Medicare Supplement Plan in NC fits you the best.

The most common choices for Medicare supplement plans in NC are Medicare supplement plan G and Medicare supplement plan N.  If you are eligible for Medicare after 01 January 2020, plan G is the most comprehensive Medicare supplement in NC that you can purchase.

Easy Article Navigation

• Starting Medicare in NC
• Finding a Medicare supplement plan in NC
• Medicare supplement Plan F in NC
• North Carolina Medicare supplement plan G
• Medicare supplement plan N in NC
• Frequently Asked Questions

First Things First, You Need Medicare

No matter where you live in North Carolina when you enter Medicare, you need Medicare supplemental coverage that fits your lifestyle and budget. Medicare Supplement Plans North Carolina are readily available without any clinical underwriting throughout your open enrollment period.  See our Medicare Supplement Guide for information on entering into Medicare.

To be eligible for a North Carolina Medicare Supplement Plan, you need to have Medicare Parts A and B.

Enrolling into Medicare

There are two different scenarios when it comes to your Medicare Enrollment, to find out what you need to do to enroll in Medicare, see below to find which fits your situation.

Finding Your North Carolina Medicare Supplement Plan

Now that you understand signing up for Medicare, it is time to find the best North Carolina Medicare Supplement Plan for you.  While rates for Medicare Supplement Plans North Carolina are very important, you need to also look at the company and the rate increase history.  What might be the absolute cheapest monthly premium now, could end up very costly down the road.

Medicare Supplement Companies tend to come into an area with a very low “introduction price” in essence they are buying new business.  After they start building the book of business they will raise the rates significantly to cover the losses.  This is just one of the reasons we at Medicare Solutions Team carry over twenty Medicare Supplement Plans North Carolina providers.

Medicare Supplement Plans, sometimes called Medigap Plans are set and standardized by CMS (Medicare).  They offer 10 plans but the three most popular are Plan F, Plan G, and Plan N.

North Carolina Medicare Supplement Plan F

The Plan F Medicare Supplement Plan North Carolina, simply put, covers everything.  On the face that seems like a great idea, but there are a few reasons why.

1. It is the most expensive Plan on the Market
2. It has the highest rate increases of all the Medicare Supplement Plans
3. The Medicare Supplement Plan F will no longer be available to new enrollment as of 2020.

**The Medicare Supplement Plan F High deductible plan will not be changed in 2020.

North Carolina Medicare Supplement Plan G

The Medicare Supplement Plan North Carolina that offers the most coverage for the lowest premium is the Medigap Plan G.  The Medicare Supplement Plan G offers the exact same benefits of Plan F except that you will pay the Part B deductible.  The Part B deductible is set by Medicare and can change, but at this time it is $233.00 per year.

The North Carolina Medicare Supplement Plan G is normally $300.00 to $400.00 per year less in premium than the Plan F and historically has much lower rate increases.

Once the Part B deductible ($233.00 for 2022) is paid, your benefits will be identical to the Medicare Supplement Plan F.  Why would anyone want to pay an insurance company $300.00 to $400.00 a year more just to pay a $233.00 deductible.

North Carolina Medicare Supplement Plan N

Medicare Supplement Plan N is one of the lowest cost Medicare Supplement Plans, but you will take on a little more risk and out-of-pocket costs.  With a Medigap Plan N, you will have a copay of $20.00 for the doctor visits and $50.00 for an emergency room visit.

Paying a copay is something that most people are used to, and does add some cost if and when you go to the doctor, but there is another fact of the Plan N that you need to be aware of.

Plan N does not cover Medicare Part B excess charges, now this could be a big deal or nothing at all.  If a doctor accepts Medicare but is not assigned by Medicare he can legally charge you 15% over the Medicare approved amount.  You would then be responsible for that extra cost.

Now the excess charges could end up not being a problem at all, in fact, some states do not allow the excess charges, and sadly North Carolina is not one of them.  As of the last report, approximately 93% of doctors across the United States accept Medicare Assignment and if you do your due diligence when looking for a doctor or having a procedure done, it should not be a problem.

Insurance carriers that we proudly represent…

This Medigap carrier list is presented in no certain order and does not include all carriers approved in NC.

Mutual of Omaha Medicare Supplement Insurance

Established in 1909, Mutual of Omaha has become one of the leading life and health insurers in America. Mutual of Omaha offers valued priced insurance products to consumers across the U.S. through four subsidiary companies:

• Mutual of Omaha Life Insurance
• United of Omaha Life Insurance
• United World Life Insurance
• Companion Life Insurance

During Mutual of Omaha’s continual growth period since 1909, they have been rewarded high ratings from national rating services like A.M. Best (rated A+ Superior), Moody’s Investors Services (A1 Good), and Standard and Poor’s (AA-).

Humana Medicare Supplement Insurance

As a leader in the health insurance marketplace, Humana Insurance Company, established in 1961, has increased their customer base every year by offering quality insurance products that are backed by outstanding customer service.

Today, Humana is one of the largest health insurers in the U.S. marketplace and as such, serves more than 14 million policyholders and over 7 million specialty insurance policyholders. Humana enjoys an A- rating from A.M. Best, and an A rating from Standard & Poor’s rating services. Humana proudly boasts revenues in excess of $53 billion for 2017 as a result of quality insurance products and exceptional customer service.

Aetna Medicare Supplement Insurance

Based in Hartford, CT, and one of the most popular health insurers in the U.S., Aetna Insurance Company ranks as the third-largest health insurer in the U.S. Today Aetna serves more than 24 million policyholders by offering individual health insurance, Medicare Supplement Insurance, Medicare Advantage Plans, and a complete portfolio of life insurance products.

Other than the mandatory coverages in each Medicare Supplement Plan Aetna offers, they also provide additional benefits to every policyholder:

• 30 days free look
• 12-month rate guarantee
• Guaranteed Renewable
• Freedom to choose doctors
• Portable coverage
• Fitness discount program
•  Household discount

Cigna Medicare Supplement Insurance

Cigna Health Insurance, whose roots are traced back to 1865, offers Medicare Supplement Insurance through two subsidiary companies: American Retirement Life Insurance Company and Loyal American Life Insurance Company.

Like many other major life and health insurers, Cigna is a publicly held company that serves more than 15 million policyholders with quality insurance products, outstanding claims, and customer service. As one of the leading Medicare Supplement insurers, Cigna enjoys extremely high ratings from four national rating services:

• A.M. Best: A
• Standard & Poor’s: AA-
• Moody’s: A1
• Fitch: A+

We welcome all of our customers and prospective customers to contact us for more information on Cigna Medicare Supplement and help you determine if Cigna will be the best solution for your health insurance needs.

GPM Medicare Supplement Insurance

GPM, which is the shortened name for Government Personnel Mutual Life Insurance Company, was established in 1934 with a mission to offer life insurance products to individuals and families either serving in or affected by the war. Since then, GPM has grown to a leading Medicare Supplement insurer that offers Medicare supplement plans A, C, F, F high deductible, G, and N to individuals across the U.S.

The company currently enjoys a rating of A- from A.M. Best and reports total assets of over $825 million as of December 31, 2017.

GPM was formed as a mutual insurance company which means they are owned and controlled by its policyholders rather than stockholders. The company does not share profits with stockholders, rather, they share them with policyholders by way of dividends.

New Era Medicare Supplement Insurance

New Era Life, a member of the New Era group of companies that consists of New Era Life Insurance Company, New Era Life Insurance Company of the Midwest, and the Philadelphia American Life Insurance Company, is a highly-rated insurance provider of Medicare Supplement products. These insurance plans help the policyholder pay the costs associated with important Medicare benefits that you have worked to obtain.

Original Medicare enrollees can look to New Era Medicare Supplement plans to cover the gaps in Original Medicare Parts A and B such as deductibles, copayments, and coinsurance requirements. New Era policyholders can use their Medicare Supplement plan with any health care provider that accepts Original Medicare.

New Era offers Medicare Supplement Insurance plans through its subsidiary companies: New Era Life Insurance Company, New Era Life Insurance Company of the Midwest, and Philadelphia American Life Insurance Company.

Bankers Fidelity Medicare Supplement Insurance

Bankers Fidelity Life Insurance Company, established in 1955, is one of a small group of insurers that specializes in life and health insurance for seniors. As a subsidiary of Atlantic American Corporation, Bankers Fidelity currently offers life and health insurance to seniors in 46 states and the District of Columbia.

When selecting an insurance company, it’s important to know their financial ratings. A.M. Best assigned a rating of A- (Excellent) to Bankers Fidelity and affirmed their financial outlook as stable. This rating was assigned in March of 2018.

Although there are more Medicare Supplement Insurers approved in North Carolina than listed above, we believe that those listed are the best to start with when you are shopping for Medicare Supplement plans in North Carolina.

Frequently Asked Questions

For complete details on Medicare Supplement Plans North Carolina, you can reach us by email on our Contact Us page or by calling 844-528-8688.  Remember there is never a fee for our services.