Best Medicare Supplement Plans in Indiana for 2019

If you have just turned 65 or you are going to in the near future, you are probably searching for the best Medicare Supplement plan in Indiana for 2019. Most likely, you are aware that Original Medicare doesn’t cover 100 percent of your medical costs, and you want to supplement this coverage. When you enhance your Medicare benefits with a Medicare Supplement plan in Indiana, you make an excellent decision.

Best Medicare Supplement Plans in Indiana for 2019: Overview

Original Medicare Part A and Part B pay about 80 percent of the costs for covered health care services, and you know that what is left over is going to be your responsibility. The amount that is left over is called the “gap,” but this gap can be closed by Medicare Supplement insurance plans.

These Medicare Supplement insurance plans are often referred to as “Medigap” because they fill the gap that exists between Medicare and your bank account. Medigap policies pay most or some of the health care costs that are your responsibility.

Medicare Supplement Plans in Indiana: Key Benefits

Medigap plans in Indiana for 2019 will contribute towards the following services:

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

As a Medicare beneficiary, you will receive all of the benefits that Original Medicare Part A and Part B provide if you don’t purchase a supplemental plan in Indiana. You will be entitled to the services that Part A covers, including hospice care, inpatient care at a hospital or a skilled nursing facility and home health care. Under Medicare Part B, you are entitled to receive medically necessary services as well as the services that help prevent or detect disease. 2019 Supplement plans increase the amount of money that others pay for these services, and this is always the best plan.

Medicare Supplement Plans in Indiana: Enrollment Statistics

The top five counties in Indiana are the following:

  • Marion County with 903,393 people
  • Lake County with 496,005 people
  • Allen County with 355,329 people
  • Hamilton County with 274,569 people
  • St. Joseph County with 266,931 people

The Centers for Medicare and Medicaid Services, CMS found that more than 873,518 Indiana residents were enrolled in Medicare Part A and/or Medicare Part B in 2017. In addition to that, America’s Health Insurance Plans or AHIP found that 336,633 Indiana residents purchased a Medigap policy in 2015. Data for 2019 was not available at the time of this article.

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

You may be able to choose between 10 different Medicare Supplement insurance plans in Indiana, and you will purchase the plan from a Medicare insurance company. A Medicare insurance company is a private company that has a contract with Medicare to offer you Medigap plans in Indiana.

Since you can choose the best Medicare Supplement plan in Indiana for your needs, you have the opportunity to search for the lowest rates for each of these private insurance companies. You can do this by asking several insurance companies to quote you their 2019 rates. Then, you can compare them and choose the lowest rates possible. You must make sure that you compare the same type of coverage from each company to obtain an accurate comparison.

The rates that you will receive from each insurance company will be for the premiums that you will need to pay to keep your coverage active. In addition to your monthly premium, you will also be responsible for some or all of the following depending on your plan selection:

  • Coinsurance
  • Deductibles
  • Copayments

When you apply for your 2019 Medicare Supplement insurance plan in Indiana, you and your spouse will need to be prepared to apply for separate policies. One Medigap policy cannot have two beneficiaries. This is the best plan because each beneficiary will be charged rates based only on his or her medical history.

Best Medicare Supplement Plans in Indiana: Plan Benefits and Enrollment

The best time to purchase Medicare Supplement insurance plans in Indiana is during the Medigap open enrollment period. This period starts the month that you celebrate your 65th birthday and enroll in Medicare Part B. It ends six months after the month of your birth.

If you are outside of this period, each Medicare insurance company is free to perform underwriting to determine whether or not you qualify for a Medigap policy. If you believe that you would not be approved, you must make sure that you apply within your Medigap open enrollment period. At this time, the insurance company cannot refuse to sell you a policy if you have a pre-existing condition or other health problems and are applying during this period.

Medigap plans in Indiana were designed to lower your out-of-pocket costs, and you have several attractive options, including the following for 2019:

Medicare Plan F, Medicare Plan G, and Medicare Plan N will provide you with coverage for expenses charged to you when you are outside of the county. Only Plan F will pay your Medicare Part B deductible. This may be the reason that people favor the benefits offered by this plan more than any other.

Medicare Part B is the portion of your health plan that offers you preventive care services, but what about prescription drug coverage?

Original Medicare coverage does not include a prescription drug plan, but it can be purchased on a stand-alone basis for 2019.  These plans are referred to as Medicare Part D plans. Unfortunately, even the best Medicare Supplement plan in Indiana does not include Medicare prescription drug plans.

Remember that you must enroll in Medicare Part D during the initial enrollment period. If you do not, you will be charged a late enrollment penalty in the future when you decide to obtain a plan.

You may have a Medicare Advantage plan at the moment, but if you feel that a Medicare Supplement plan in Indiana is best, you cannot purchase it in conjunction with your Part C plan. A Medicare insurance company cannot sell anyone Medigap plans if he or she has a Medicare Advantage plan.

Note:  If you are confused by the difference between Medicare Advantage plans and Medicare Supplement plans, its a good idea to ask for help.  Our licensed agents are available to help you sort through your options.  When considering an Advantage plan, keep in mind that there are networks restrictions to understand with PPOs and HMOs as well as star ratings assigned to plans by CMS.  All factors should be considered prior to making your selection for 2019.

Best Rates for Medicare Supplement Plans in Indiana for 2019

These are the Medicare Supplement rates in Indiana that we found when comparing for a female who is 65 years old, a non-tobacco user and a Marion County resident. These are rate quotes for Medigap Plan G:

Indiana Medicare Resources

If you need help finding the best Medicare Supplement plans in Indiana for 2019, visit the Medicare rights center. This organization will ensure that you have answers to the many questions that you may have.  If you are an individual with special needs whether it is financial or health-related, you can visit medicare.gov to confirm eligibility for programs available.