Medicare Supplement Insurance Plans Comparison Chart in Ohio for 2019

Many Medicare beneficiaries are searching for the best Medicare Supplement plans in Ohio for 2019 because Original Medicare doesn’t pay 100 percent of the medical expenses you incur.  A Medigap plan will help them pay for out-of-pocket costs such as deductibles. Medicare Supplement plans in Ohio are often called Medigap policies because they bridge the “gap” between what Original Medicare (Medicare Part A and Medicare Part B) pays and your patient responsibility amount.

Best Medicare Supplement Plans in Ohio for 2019: Overview

As the name suggests, Medicare Supplement insurance plans supplement (add to) Original Medicare coverage. To qualify for a Medigap health plan, you must stay enrolled in Medicare Parts A and B.

The best Medigap plans in Ohio for 2019 typically cover coinsurance, copayments, and Medicare Part A and Medicare Part B deductibles. Medigap policies also cover out-of-pocket health care costs for preventive care as long as Original Medicare covers the screening. Some Medicare Supplement insurance plans in Ohio include additional coverage:

  • Part B Excess Charges
  • Foreign travel
  • Home health care
  • Skilled nursing facility

Medicare Supplement insurance plans in Ohio don’t cover medication costs. To get help paying for prescription drugs, you have to buy a Medicare prescription drug plan (Medicare Part D). Medicare Part D plans are standalone prescription drug coverage policies that cover one individual. If you are married, your spouse must take out a separate policy.

Even the Best Medigap plans in Ohio don’t cover the following for 2019:

  • Vision exams and eyeglasses
  • Dental services
  • Hearing tests and hearing aids
  • Experimental drugs and treatments

It is important to know that Medicare Supplement plans and Medicare Advantage plans are not the same things.  Medicare Advantage plans are “replacement plans” to Original Medicare, though you must continue to pay your Part B premium to be eligible for this type of a plan.  These plans are also known as Part C plans, and they often have network restrictions associated with being PPO, HMO or PFFS type plans, and you must live in the plan’s service area in order to enroll.  They are often constructed with a Medicare Part D prescription drug plan built into the benefits.

Best Medicare Supplement Plans in Ohio: Enrollment Statistics

About 16 percent of Ohio’s 11.6 million residents are 65 or older. Ohio’s five largest counties are:

  • Cuyahoga
  • Franklin
  • Hamilton
  • Summit
  • Montgomery

Quick Facts on Ohio Medicare enrollment:

  • Twenty percent of the population receives Medicare benefits.
  • Nearly 58 percent have Original Medicare.
  • About 1.8 million residents have a prescription drug plan.
  • About 25 percent have a Medigap policy.

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

Ohio offers 10 Medicare Supplement insurance plans, each one designated by a letter. Each plan letter (Medicare Plan G, Medicare Plan N) has a specific set of benefits, regardless of which insurance company offers the best rates for that policy. Here’s what else you need to know to understand Medigap plans in Ohio:

  • Medicare beneficiaries buy Medigap policies from a private Medicare insurance company.
  • Medicare Supplement plans in Ohio are guaranteed renewable as long as you pay your premiums.
  • You don’t need a referral to see a specialist.
  • There are no physician networks. You can see any healthcare provider as long as he or she is signed up with Medicare.
  • Insurance carriers aren’t required to offer all 10 plans.
  • Insurers must offer Plan A. They must also provide Medicare Plan F or C.
  • There are no Medigap plans available for those under age 65.

Medicare Supplement Plans in Ohio: Benefits and Rates

To get the best Medicare Supplement plan in Ohio for 2019, you’ll need to research Medigap policies, rates, and benefits. Generally, the Medigap plan you initially enroll in won’t change, so it’s essential that you select health insurance coverage that fits your needs now and in the future.

Coverage levels differ between Medicare Supplement insurance plans in Ohio. Plan A offers the most basic benefits; Medicare Plans F and Plan G offer the best level of coverage and are more comprehensive.

Medicare Plan F and Medicare Plan G include coverage for excess charges. Excess charges are the difference between what a Medicare provider charges and what Medicare allows. In Ohio, it is illegal for Medicare providers to charge more than what Medicare approves. This means that when you compare benefits, you don’t have to worry about choosing a Medigap policy that pays for excess charges.

Ohio Medigap Plans: Benefits to Consider for 2019

Consider the following points as you determine which is the best Medicare Supplement plan in Ohio for you:

  • Frequency of doctor visits
  • Any pre-existing conditions
  • The likelihood you’ll need skilled care

Understanding the Best Rates for Medicare Supplement Plans in Ohio

Although the benefits are standard for each Medigap health insurance plan, insurance companies charge different rates. The following factors influence rates for Medicare Supplement plans in Ohio:

  • Gender
  • Zip code
  • Tobacco use
  • Age

Insurance providers selling Medigap plans in Ohio for 2019 are allowed to offer household discounts, but not all of them do. You should consider this when you compare the best rates between carriers. Three other things might affect your premiums:

  • Frequency of payment: Typically, annual payments are cheaper than monthly or quarterly.
  • Method of payment: Some carriers offer lower rates if you pay by automatic electronic transfers.
  • Pricing method: The way insurers calculate rates affects your future monthly premiums.

Most insurers use the attained-age method to calculate rates, which means your age determines your premium. Monthly premiums will, therefore, increase as you age. There are two other pricing methods Ohio insurers can use:

  • Community: Everyone pays the same premium regardless of age.
  • Issue age: Carriers base monthly premiums on your age when you buy the Medigap policy.

Remember, in Ohio providers can’t charge more than Medicare approves. That means that Plan C, which is usually less expensive than Plan F, offers identical benefits as Plan F for covered services.  Even the best Medicare Supplement plan cannot change the reimbursement rates that Medicare has set.

Medicare Supplement Plans Comparison Chart in Ohio for 2019:

medicare supplement plans comparison chart in ohio

Different standardized levels have been established for years, and they rarely change. These levels are named A through N. This is a basic outline of the Medigap level choices:

  • Plan A and B are usually thought of as the most basic levels.
  • Plan GPlan F, and high deductible plan F all cover excess charges that get generated when health providers charge more than Medicare says they should.
  • Plan Levels K, L, M, and Plan N may the best monthly rates, but they require more cost-sharing.

Medicare Supplement rates in Ohio for 2019 may also depend upon the insurer that you choose, and these are some top Medicare Supplement insurance plan providers with the best financial ratings to consider when shopping for Medicare Plan G and Plan F rates:

Best Medicare Supplement Plans in Ohio: When Can I Enroll?

The best opportunity to join Medigap plans in Ohio for 2019 is within your initial enrollment period, a six-month time span after you meet two criteria:

  • You reached age 65
  • You enrolled in Medicare Part B

It’s best to enroll during your Medigap open enrollment period (OEP) because the insurance company cannot refuse you coverage, even if you have a pre-existing health condition. You’re not required to submit a medical history, and the insurer can’t charge you higher rates than another Medicare beneficiary. These are called guaranteed rights.

If you apply for a Medigap health plan outside of your OEP, in most cases you lose these rights. The insurer can enforce several conditions:

  • Require you to go through medical underwriting
  • Charge you higher premiums
  • Make you wait longer before covering pre-existing medical conditions
  • Deny your application entirely

Ohio Medicare Resources

Here are a few Medicare resources that can help you find the best Medicare Supplement plan in Ohio for 2019.  Also, these resources alongside your states’ Medicaid office can be a valuable resource for extra help if you have special needs be it financial or health-related:

Ohio Department of Insurance

Ohio Areas on Aging

Medicare.gov

CMS