Best Medicare Supplement Plans in Georgia for 2019

Are you searching for the best Medicare Supplement plans in Georgia for 2019? This could mean that you turned 65 recently and enrolled in Medicare Part A and Part B. Although being able to take advantage of your Medicare benefits is wonderful, you also learned that each Medicare Supplement insurance plan in Georgia will cover your medical expenses differently. You just need a little help.

Best Medicare Supplement Plans in Georgia for 2019: Overview

Medicare Supplement plans in Georgia are known as “Medigap” plans. That’s because there is a gap left over after Medicare pays the expenses for your Medicare Part A and Medicare Part B services. You must know by now that you are expected to pay the costs within this gap. The plans that you are searching for now are 2019 Medigap plans because they will close the gap and reduce your out-of-pocket costs.

Medigap policies contribute to the following expenses:

  • Home health care
  • Coinsurance for Medicare Part A
  • Coinsurance for Medicare Part B
  • Part B excess charges
  • Skilled nursing facilities
  • Foreign travel

Medicare Supplement Plans in Georgia: Enrollment Statistics

The following are the top five largest counties in Georgia:

  • Fulton County with 1,010,420 people
  • Gwinnett County with 889,954 people
  • Cobb County with 739,072 people
  • DeKalb County with 736,066 people
  • Chatham County with 285,506 people

In 2015, America’s Health Insurance Plans or AHIP found that 318,149 Georgia residents purchased a Medigap plan that year. 2019 data for Medicare Supplement Plans purchased in Georgia were not available at the time of this post.

In 2017, the Centers for Medicare and Medicaid Services, CMS, found that more than 1,033,000 Georgia residents turned 65 and enrolled in Medicare Part A and/or Part B.

How Many Medicare Supplement Plans in Georgia Are Available for 2019?

A Medicare insurance company is an insurance company that has a contract with Medicare, but it must also be licensed to sell Medigap plans in Georgia. It is a private insurance company, and it can offer you up to 10 different Medicare Supplement insurance plans.

Because a Medicare insurance company is a private insurance company, you can shop around for the Medigap plan that you want to buy. This allows you to compare rates from several of the health insurance companies in Georgia so that you can find the best Medicare Supplement rates for 2019.

The best approach is to obtain several rates from several companies. Because each specific plan is identical from company to company, finding the best rate for that Medicare Supplement plan should be a weighted factor on your final decision. When you compare these rates, you can choose the company that is offering you the most coverage for the lowest monthly premium.

A Medicare insurance company can require the following cost shares depending on your selected Medigap plan:

  • Premiums
  • Coinsurance
  • Copayments
  • Deductibles

You and your spouse will have to apply for separate Medigap plans in Georgia because one Medigap plan cannot support two beneficiaries. This isn’t necessarily a bad thing because only one person’s medical information will be used to determine whether the company will offer a plan or not.

Sometimes, insurance agents will engage in unscrupulous practices when you ask to purchase a health plan. For example, when you are a Medicare beneficiary, an agent may pressure you to purchase a policy or inform you that you must switch from one policy or insurance company to another. This is illegal.

Agents are also not allowed to sell you a Medigap policy if you currently have a Medicare Advantage plan. If you do have a Medicare Advantage Part C plan, you are going to need to switch back to Original Medicare before you can purchase the Medigap policy of your choice in 2019. Agents also cannot sell you a policy if you currently have Medicaid.

Although you may need prescription drug coverage, Medicare Supplement insurance plans in Georgia do not include a Medicare Prescription drug plan, but you can purchase a stand-alone Part D prescription drug plan to go along with your Medigap plan. Depending on your service area, You should have several healthcare providers offering Medicare Part D plans, but it is best to purchase it when you first enroll in Original Medicare to avoid a penalty.

The Best Medicare Supplement Plans in Georgia: When Can I Enroll?

You can enroll in the best Medicare Supplement plan in Georgia during the month that you turn 65. After you turn 65 and enroll in Original Medicare, you will have six more months to purchase Medicare Supplement insurance plans in Georgia. This is the “Medigap open enrollment period.”

It is important to purchase your Medigap plan within this initial enrollment period because if you do not, insurance companies can require health underwriting and even decline to offer you a policy. This would be highly unfortunate because it can be avoided with a little upfront education.

Key Benefits of Medicare Supplement Plans in Georgia for 2019

The best Medicare Supplement plan in Georgia for you in 2019 may be one of the following:

All of the abovementioned plans provide you with coverage for medical expenses incurred outside of the U.S.

Medicare Plan F is currently the most popular and maybe the best Medicare Supplement plan in Georgia for you depending on your needs. Under your Medicare Part B health plan, you receive preventive care services, but you have a deductible to pay for this coverage. Plan F pays for your Medicare Part B deductible, and this is an excellent benefit.

An insurance company is not required to have every Medigap policy available to you. Therefore, if you know that you want to purchase Plan N for 2019, you only need to search for the insurance company that provides this plan to customers.

Find the Best Medicare Supplement Plans in Georgia for 2019

Medicare Supplement rates in Georgia also vary by company, and these companies are some to compare when searching for best Medicare Plan F and Medicare Plan G rates:

Georgia Medicare Resources

The best Medicare Supplement plan in Georgia will require that you pay a monthly premium. This will be in addition to the premium that you pay for Part B. This may not be an issue for you if you receive payment for your Medicare Part B premium from one or more of the following:

  • The Office of Personnel Management
  • Railroad Retirement Board
  • Social Security

If you do not receive any of the above benefits and you are concerned that you may not be able to afford to purchase a Medigap plan in Georgia for 2019, don’t worry. Medicare.gov can give you several resources that will help you understand your options.  There are special needs plans, SNP, available that can be tailored to your unique needs or health conditions.

Note: When considering Medicare Advantage plans, keep in mind that there are networks associated with HMO and PPO style plans as well as star ratings assigned by CMS.  Feel free to contact one of our licensed agents to assist with understanding the differences.