Medicare Supplement Plans Ohio

What is the best Medicare Supplement provider in Ohio?

Since all Medicare Supplement providers must be approved by CMS, and all company plans are the same, the best way to find the best provider is to look at the pricing and any customer service complaints. We have always found Mutual of Omaha, UnitedHealthcare, and Humana to be very competitive and deliver outstanding customer service.

Comparing Medicare Supplement Insurance Plans in Ohio

Medicare Part A and Part B, commonly known as Original Medicare, typically provide coverage for the majority of your healthcare expenses. However, you may still be responsible for additional costs, such as deductibles and copayments.

These expenses can accumulate quickly, especially if you require frequent medical attention. Individuals with underlying health conditions often require more frequent visits to the doctor, which can result in substantial costs.

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In Ohio, Medicare beneficiaries have the option of purchasing a Medigap policy, also known as a Medicare supplement plan. This type of policy can provide additional coverage to help cover out-of-pocket costs that may not be fully covered by Original Medicare. With a Medigap policy, you can reduce or eliminate your out-of-pocket expenses.

For a personalized consultation on the Medicare Supplement Plan that best fits your needs, please don’t hesitate to contact us at 844-528-8688. We are available at any time to provide you with a comprehensive explanation.

What Do You Need To Know About Medigap plans Ohio

As previously discussed, Original Medicare generally covers most healthcare expenses. However, in order to be eligible for a Medigap policy, you must be enrolled in both Medicare Part A and Part B. In Ohio, there are 10 Medigap policies available, each providing slightly different coverage options.

Additionally, two of these policies offer high-deductible options. We highly recommend that you carefully review and understand each plan before selecting the one that best meets your individual needs.

When Can You Enroll in Medicare Supplement Insurance Plans?

Enrolling in a Medigap policy is easiest during the Open Enrollment Period, which begins automatically on the month you turn 65 and are enrolled in Medicare Part B. This period allows you to purchase any Medigap policy in Ohio, regardless of pre-existing health conditions like heart disease or diabetes. We highly recommend taking advantage of this limited window of opportunity to purchase a plan that meets your needs.

After the Open Enrollment period, individuals with guaranteed issue rights may enroll in or change their Medigap policy without facing additional restrictions. Under these rights, a licensed insurance company must offer any policy to the individual, regardless of pre-existing conditions, and cannot increase the cost of the policy. However, in order to qualify for guaranteed issue rights, you must experience a specific event, such as moving out of the plan’s service area.

Experiencing a loss of current insurance may qualify you for a Special Enrollment Period, during which you can make changes to your coverage. The changes that you are permitted to make during this period will depend on the specific qualifying event that you experienced.

Medicare Supplement Plans in Ohio 2023

What Are The Best Medicare Supplement Plans Ohio?

You have 10 Medigap Plans in Ohio to choose from, including Plan G and Plan F, with high deductible options. The coverage will vary depending on the plans you choose, though the most popular happen to be Plans G, N, and F. Our advice is to review the coverage for each plan and choose the best one for you.

Note: Plan F isn’t available for anyone eligible for the federal Medicare program after January 1st, 2020, which is why we will not be covering it in this article. Any references to Plan F, when talking about being eligible for Medicare or costs, is purely for comparison purposes.

How to Choose The Right Medicare Supplement Plan in Ohio?

When selecting a Medigap policy, it’s important to take into account the types of healthcare expenses you incur most frequently. You’ll want to choose a plan that covers these costs and offers a premium that is affordable for you.

Additionally, we recommend using a third-party comparison tool to help you compare the various policies available. Be sure to select an unbiased source of information, regardless of the tool you choose.

How Much Will an Ohio Medigap Policy Cost You?

The cost and coverage of many Medigap plans in Ohio vary. We’ve taken the example of a 65-year-old female non-smoker living in Ohio as an example. We’ve used the Mediare.gov cost calculator, which gave us these estimates. If anything, these are rough estimates or ballpark figures.

•Medigap Plan G: Premiums will range from $100 to $350.

•Medigap Plan G High Deductible: Premiums will range from $30 to $70.

•Medigap Plan N: Premiums range from $85 to $300

Source: Medicare.gov cost calculator

It is essential to highlight that what you pay for Medigap coverage will vary quite a bit. If you decide to choose a high deductible plan, you will end up paying less per month, but you could also end up paying possibly more in the way of deductibles once you need to use the service. So, the more frequently, you use it the more money you will end up paying.

Overall, the best Medigap Plans in Ohio are Plan G and Plan N.

Ohio Medicare Supplement Plan G

It offers the most coverage with the least in the way of premium. Medicare Supplement Plan G offers the same benefits as the now-discontinued Plan F, except that you need to pay Part B deductible. The deductible is set by Medicare, which can change, though at present, it is slightly over $200.

Normally you will pay between $300 and $400 per year, less than what Plan F would have cost. Also, the plan has lower rate increases. In other words, you have a lot less uncertainty to deal with.

Once you have paid the Part B deductible, the benefits received are pretty identical to the now discontinued Medicare Supplement Plan F. After all, why would you want to pay an insurer $400 more a year, only to have to pay a $203.00 deductible?

Ohio Medicare Supplement Plan N

It is one of the lowest-priced Medicare Supplement Plans but will require taking a little more risk and will cost you more out of pocket. Medicare Plan N has a copay of $20, for doctor’s visits, and a copay of $50 for emergency room visits.

Many people are used to copay’s, and it certainly adds a bit of cost when you see a doctor, but there is something else about Plan N that not many people may be aware of.

Plan N does not cover any excess charges, which could be a big deal for some people but not in Ohio. **Ohio, is one of the states that do not allow any Part B excess charges, making the Plan N Medicare supplement in Ohio a very attractive choice.

Changing Your Medigap Plan In Ohio

Even though it is possible to change your Medigap policy, you could be turned down if you do not pass underwriting.  There are some instances where you might be eligible for Guaranteed Issue Rights, but most will have to answer the health questions.

Are There Any Alternatives To Medicare Supplement?

Instead of a Medigap policy, you could enroll in a Medicare Advantage plan which will help cover some of the costs you may be responsible for with Part A and Part B Medicare. Some Medicare Advantage plans also include prescription drug coverage, which is something that Medigap does not offer.  These are very different from a Medicare supplement plan so it is best to call us at 844-528-8688 to discuss if a Medicare Advantage plan is a good fit for you. Two very popular advantage plans in Ohio are:

Medigold Advantage Plans

MediGold Ohio is a not-for-profit Medicare Advantage plan available in Ohio. Medicare Advantage plans, such as MediGold, are an alternative to Original Medicare and are offered by private insurance companies that are approved by Medicare. These plans must cover all the services that Original Medicare covers but can also offer additional benefits like prescription drug coverage, vision, and dental care.

MediGold is known for providing comprehensive coverage and additional services like fitness programs and telehealth visits. MediGold has received high ratings for its quality of care and customer satisfaction.

Summacare Medicare Advantage 2023

SummaCare is a health insurance company based in Akron, Ohio, that offers a range of health insurance products, including individual and family plans, employer-sponsored plans, and Medicare Advantage plans. SummaCare’s Medicare Advantage plans provide an alternative to Original Medicare, offering additional benefits like prescription drug coverage, vision, and dental care, along with wellness programs, and fitness benefits.

SummaCare’s Medicare Advantage plans also include access to a network of healthcare providers, including doctors, hospitals, and specialists. SummaCare has received high ratings for its quality of care and customer satisfaction.

Frequently Asked Questions

Conclusion

Medicare tends to cover many of your health care costs, but the out-of-pocket costs like the deductibles can still add up with each visit. Having a Medigap policy will help reduce if not entirely eliminate having to pay fees. However, as always, do your research before choosing a plan. That said, if you need help choosing a plan, feel free to contact us. We can help you choose an insurance plan that meets your needs in the best possible way.