Compare Medicare supplement quotes from the nation’s top rated carriers for FREE.
Compare Medicare supplement quotes from the nation’s top rated carriers for FREE.
What are the top 5 Medicare Supplement plans? That is tough to answer, everyone’s need and budget is different, but we are going to try. If you want to see rates, just enter your zip code in one of the quote tools on this page or call us anytime 1-844-528-8688
It’s certainly not unusual for seniors who are shopping for a Medicare Supplement (Medigap) plan to want to consider the top Medicare Supplement plans being sold across the country.
It’s important, however, that we drill down into why a particular plan ranks in the top 5.
- Is it because of the benefits offered?
- Is it because of the premiums charged?
- Is it because of a particular company that offers the plan?
- Is it a combination of all of the above?
Medicare Supplement Comparison Chart
*Plans F & C are only available to Medicare beneficiaries who became eligible for Medicare before January 1, 2020.
1 Plan F & G offer high-deductible plans that have an annual deductible of $2,370 in 2021. Once you meet the deductible, your plan will pay 100% of covered healthcare services for the remainder of the year.
2 Plan K has a yearly limit of $5880.00 for out-of-pocket expenses. When the limit is met Plan K will pay 100% of your covered healthcare services for the remainder of the year.
3 Plan L has a yearly limit of $2940.00 for out-of-pocket expenses.
4 Plan N will pay 100% of the Medicare Part B coinsurance, except for a copay of up to $20 for office visits and up to $50 for ER visits that do not result in admission.
The best and most realistic way to talk about the top 5 Medigap plans is to consider the different categories the plans should be ranked in:
- Best Medigap plan for New Enrollees
- Best Low-Cost Medigap plan
- Best Medigap plan for seniors who became eligible before Jan 1, 2020
- Best Medigap plan by Company
Best Medigap Plan for New Medicare Enrollees
If you are a new Original Medicare enrollee, it means that you became eligible for Medicare after January 1, 2020, and therefore not eligible to purchase Medicare Supplement plan C or pan F.
As such, your best Medicare Supplement plan will be plan G because this plan offers the same benefits as Plan F except it doesn’t cover the Medicare Part B deductible which is $203 for 2021.
Here are the benefits provided by Medicare Supplement Plan G:
Highlights of Medicare Supplement – Medigap Plan G:
| How much is Medicare Plan G? | Although monthly premiums depend on where you live, the average cost for Plan G is $100-$200 per month |
| Is there a deductible for Plan G in 2021? | Since the policyholder is responsible for the Medicare Part B deductible, the only deductible required in Plan G is $203 in 2021. |
| Is there an option for a low-cost Plan G? | Yes. Medigap Plan G also has a High Deductible option which will significantly lower the monthly premium |
| What is the Rate Increase History? | Several factors will impact your rates at renewal but the overall history of rate increases for Plan G is between 2% and 6%. |
| Is Plan G going away like C and F? | There are no plans to do away with Medigap Plan G since it’s not considered a first-dollar coverage plan. |
View Plan G Quotes-
View Plan G Quotes-
Best Low-Cost Medigap Plans
As was mentioned earlier, the state you live in will have a significant impact on your cost for the best Medicare Supplement plan.
On average the lowest cost Medicare Supplements are:
| Medicare Supplement Plan | Average Monthly Premium |
| Plan N | $72 – $115 |
| Plan L | $119 – $301 |
| Plan K | $49 – $90 |
**Prices vary by male or female and zip code
Here is a side-by-side comparison of Medigap plans K, L, and N:
| Benefit | Plan K | Plan L | Plan N |
| Medicare Part A coinsurance | 100% | 100% | 100% |
| Medicare Part B Coinsurance | 50% | 75% | 100% |
| First 3 Pints of Blood | 50% | 75% | 100% |
| Part A Hospice coinsurance | 50% | 75% | 100% |
| Skilled nursing facility coinsurance | 50% | 75% | 100% |
| Part A Deductible | 50% | 75% | 100% |
| Part B Deductible | — | — | — |
| Part B excess charges | — | — | — |
| Foreign travel emergency | — | — | 80% |
When you compare the average monthly premiums versus the coverage provided in each plan, Medigap plan N appears to deliver the best bang for your buck.
Best Medicare Supplement Plan for Seniors who became Eligible before January 1, 2020
Although Medigap Plans C and F can no longer be offered to seniors who became eligible for Original Medicare after January 1, 2020, if you became eligible before 1/1/2020, these plans are the most comprehensive.
Medicare Supplement Plan C and F are still available for eligible seniors if companies are offering them in your area.
Plan F covers 100% of every benefit except emergency foreign travel where it covers 80%
Plan C also covers 100% of every benefit except for foreign travel which is 80% and provides no coverage for foreign emergency travel.
Top Rated and Best Medicare Supplement Insurance Companies
When seniors choose a top-rated insurance company, they are choosing the best company based on several attributes such as competitive pricing, plan selection, and customer and claim service.
In reality, the top five Medicare Supplement providers will change year over year as far as position but the top companies will generally remain in the top 5 years after year because they will continually offer the best medicare supplement insurance plans.
Here are our best Medicare Supplement insurance companies in no particular order:
Mutual of Omaha Medigap Plans
Mutual of Omaha insurance company was founded in Nebraska back in 1909 and named a gentleman by the name of Harry S. Weller who served as the company’s first president until 1932.
From 1909 until today, the company’s growth has been continuous and profitable due to the company’s conservative attitude and its acquisitions.
It did not take long for the name Mutual of Omaha to become commonplace for people looking for life and health insurance as a result of continuous aggressive advertising campaigns and its affiliation with the Wild Kingdom television show. Many people remember Marlin Perkins as the show’s host until he passed away at the age of 81. Please take just a minute to view the Mutual of Omaha video to learn why they’ve become one of our go-companies for Medigap insurance.
United Health Medicare Supplement Insurance
AARP Medicare Supplements are available through United Healthcare insurance company. They offer protection from the gaps in the traditional Medicare system like copays and deductibles, which is especially important for people with low incomes. These plans are designed to help fulfill AARP’s mission: “empowering people to choose how they live as they age”
Seniors can easily compare pricing and get all of the pertinent information to discover if a United Health Medicare Supplement Plan is the best fit for their circumstances and budget, by calling us at 844-528-8688
Aetna Medicare Medigap Plans are designed to help with costs that Original Medicare doesn’t cover.
There are ten different Medicare supplemental Insurance Programs that are listed from A to N. Of these plans Aetna offers Medicare Supplement plan A, plan B, plan G, plan N, plan F, and the high deductible Plan F.
Additionally, Aetna is one of the few companies that offers a discount when both the husband and spouse have an Aetna Medigap plan.
If you’re looking for a comparison of Medicare Supplements call us to learn about the best option for your location, circumstances, and budget. We’re unbiased and we’ll help you find the plan that works best for you.
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View Mediagap Quotes-Enter Your Zip Code:
Cigna’s Medigap Plans stand out as one of the top providers of medicare insurance, and they offer amazing customer service and claims service. They provide competitive pricing and are one of the best Medicare Supplement insurance plans for seniors across the country.
There are many reasons to choose Cigna as your Medigap provider, but here are three that are very important:
- Cigna Insurance company is a top-rated Medigap provider, according to customer satisfaction surveys. This is thanks to Cigna’s continued investment in technology and service. For instance, Cigna offers insurance products efficiently and provides top-notch customer service to both consumers and authorized agents.
- Cigna customers are free to see the doctor they want without network restrictions. There are no referral requirements for specialists, and you can use any medical provider who accepts Original Medicare.
- Cigna makes healthcare coverage available to people nationwide. Their plan options include international coverage, meaning consumers can get benefits for medical expenses incurred in other countries.
The Bottom Line
Without a doubt, when you are shopping for a supplement plan that is right for you, always employ the services of an experienced and reputable independent Medicare specialist like the Medicare Solutions Team.
An independent Medicare insurance plan specialist will represent all of the highly-rated insurance companies and can shop your coverage with multiple carriers simultaneously.
Although the Medicare Solutions Team represents many carriers, they are employed by none of them. This relationship allows your broker to put your needs first and foremost and the expert services they provide will never cost you anything
Have Questions?
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