Best Medicare Supplement Plans in Missouri for 2019

More than 315,136 Missouri Medicare beneficiaries get help paying out-of-pocket medical expenses such as deductibles through some of the best Medicare Supplement insurance plans in Missouri. These supplemental health insurance plans are often called Medigap policies because they span the benefits gap between what Medicare Part A and Medicare Part B (Original Medicare) pays and what you’re responsible for paying.

When combined with Original Medicare benefits, Medicare Supplement plans in Missouri for 2019 offer beneficiaries relief from high out-of-pocket costs. Because they add to rather than replace Original Medicare, you must stay enrolled in Medicare Part A and Part B to keep your Medigap coverage.

Medigap plans in Missouri help cover the following services:

  • Copayments and coinsurances
  • Medicare Part A and Medicare Part B deductible
  • Medicare Part B excess charges
  • Home health care
  • Skilled nursing facility care
  • Preventive care covered by Original Medicare
  • Foreign travel
  • Prescription drug coverage is NOT covered on Medigap plans, you must buy a separate Medicare Prescription drug plan

Medigap policies do not cover medication. Medicare Part D drug plans are standalone policies that you can buy to get help with prescription drug expenses.

Best Medicare Supplement Plans in Missouri: Enrollment Statistics

Missouri’s population is inching toward 6.2 million, with 44 percent living in these five largest demographic areas:

  • St. Louis County
  • Jackson County
  • St. Charles County
  • St. Louis City
  • Greene County

Medicare enrollment statistics for Missouri:

  • In 2017, 16 percent (985,320) of Missouri residents were 65 or older.
  • As of Jan. 1, 2019, more than 1.2 million residents had Medicare. Of those, 798,041 (66 percent) had Original Medicare.
  • As of Jan. 1, 2019, 59 percent of Medicare beneficiaries had a prescription drug plan.
  • In 2016, 38.2 percent of Medicare beneficiaries had Medigap policies.
  • Of the 315,136 seniors who had a Medigap policy in 2016, 205,463 had Medicare Plan F.

How Many Medicare Supplement Plans are Available in Missouri for 2019?

There are 10 Medicare Supplement plans in Missouri. Each plan has a letter (Plans A through G and Plans K through N). Each letter offers a different level of benefits. All of the best Medigap plans in Missouri for 2019 with the same letter provide the same level of coverage.

As a Medicare beneficiary, here’s what else you need to know about Medicare Supplement plans in Missouri:

  • You buy Missouri Medigap plans from private insurance companies.
  • You don’t have to renew them each year; they’re guaranteed renewable as long as you pay your Medicare Part B premium.
  • They don’t cover services related to dental, vision, or hearing.
  • You don’t need referrals or prior authorizations to see specialists.
  • They’re portable. Your Medigap coverage is good anywhere in the country as long as you seek care from a Medicare-approved health provider. (If you receive care from a nonparticipating provider, the provider can charge you up to 15 percent more than Medicare’s approved amount. This difference is called excess charges.)
  • If you have a Medicare Advantage plan (Medicare Part C), you cannot buy Medicare Supplement insurance plans.

Although plan letters are standard between insurance carriers, rates are not. Each insurer sets its rates using one of three methods:

  • Attained-age (your age each year)
  • Issue-age (your age when you buy the policy)
  • No age or community (age isn’t a factor)

Most of the insurance carriers in Missouri use the attained-age method to set rates, which means your premiums will escalate as you age. However, many carriers use the issue-age method. Under issue-age, your premiums might increase due to inflation but not due to age.

To find the best Medicare Supplement plan in Missouri for 2019, you need to compare pricing methods. Rates you can afford now might become unaffordable in five years. Also ask if the insurer offers household discounts, as these discounts will lower your monthly rates.

Top Picks for Medicare Supplement Plans in Missouri for 2019

Many seniors will choose one of these popular Medicare Supplement insurance plans:

Medicare Supplement Plan G

Medicare Supplement Plan F

Medicare Supplement Plan N

Best Companies for Medicare Supplement Plans in Missouri for 2019

For hard-to-beat Medicare Supplement rates in Missouri, “A” ratings, superior customer service and fast claims payments, try looking for Medigap plans from one of these popular providers of Plan F and Plan G:

Mutual of Omaha

Aetna

Cigna

Even though those three are consistently rated the best, you may also want to check out Anthem Blue Cross, Medico, and a few other options so that you can compare Medigap coverage. You can even do so online on our website or over the phone with one of our agents.

Quotes for Medicare Supplement Insurance Plans in Missouri for 2019

For a 67-year-old female St. Louis resident who is looking for high deductible F plan coverage, these are some options. Please note that these Medicare Supplement rates in Missouri were found for a non-smoker:

  • Aetna – $96.04
  • Cigna – $143.48
  • Mutual of Omaha – $60.74

2019 Medicare Supplement Plans in Missouri: When Can I Enroll?

The best time to join Medigap plans in Missouri is during your Medigap Open Enrollment Period. Your initial enrollment period starts when you meet two criteria:

  • You’re at least 65
  • You enrolled in Medicare Part B

Your Medigap Open Enrollment Period is typically the best time to enroll in a Medicare Supplement insurance plan because guaranteed-issue rights protect you. Guaranteed rights mean the private Medicare company cannot:

  • Turn down your application
  • Deny coverage due to an existing medical condition (although it can require you to wait up to six months before covering the condition)
  • Charge you higher premiums than another beneficiary based on health status or history

After the Medigap Open Enrollment Period is passed, you no longer have these guaranteed-issue rights except in limited circumstances. You can still apply outside of your initial enrollment period, but the insurance company might require a medical history and examination, exclude a pre-existing condition, or deny you benefits altogether. Medicare Supplement plans in Missouri might also charge you higher monthly premiums if you join outside of your initial enrollment period.

Because you risk losing your guaranteed-issue rights if you enroll in or change Medicare Supplement insurance plans outside of your initial enrollment period, it’s critical that you research and compare your options upfront to find the best Medicare Supplement plan in Missouri.

Each health plan features different levels of benefits. For example, Medicare Plan G pays 100 percent of your Part B coinsurance. Medicare Plan N pays 100 percent after you pay a copayment for each doctor and some emergency room visits. Answering these questions will help you decide which is the best Medicare Supplement plan in Missouri for you:

  • Do you have a pre-existing health condition? How long can you afford to wait before a Medicare insurance company covers the condition?
  • Do you have a lot of doctor or emergency room visits?
  • Is health coverage outside of the country relevant to you?
  • Is coverage for excess charges a concern?

Feel free to call and speak with one of our licensed insurance agents to learn more about your options.

Missouri Medicare Resources

Finding the best Medicare Supplement insurance plans in Missouri might seem a bit overwhelming, but some resources can help you:

Missouri Department of Insurance

State Health Insurance Assistance Program

Area Agencies on Aging

Medigap Policy Search