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Best Medicare Supplement Plans in Florida

Guide to popular plan types, top companies and rates comparisons for Medigap policies in Florida.

A Medicare Supplement plan in Florida can help you cover the out-of-pocket expenses left after Original Medicare Part A and Medicare Part B pay their portion. These out-of-pocket expenses include coinsurance, copayments, and deductibles. Plans can differ depending on where you live, so to find the best Medicare Supplement plan in Florida that best fits your needs and budget, you need to understand how Medicare Supplement insurance works and the outline of coverage for each plan.

Find Plans in Your Area
 

Most Popular Medicare Supplement Insurance plan types in Florida

In Florida, 17 private insurance companies offer Medicare Supplement plans. There are 10 Medigap plans available to choose from: A, B, C, D, F, G, K, L, M, and N. Plan F, Plan G and Plan N are the most popular and are considered by many to be the best.

Medicare Supplement Plan F: Best Full Coverage

Medicare Supplement plan F in Florida is a popular and robust Medicare Supplemental plan available.

These are some of the highlights of coverage that you can enjoy helping with medical expenses on top of what the federal Medicare program covers:

  • Medicare Part A deductible and Medicare Part B deductible
  • Medicare Part A hospital and coinsurance costs
  • Medicare Part B deductible, coinsurance, and copayments
  • Medicare Part B excess charges
  • Medicare Part B coinsurance for preventative care
  • First 3 pints of blood per year when needed for a medical procedure
  • Foreign travel emergency medical expenses
  • Co-insurance for skilled nursing facility care

Medicare Supplement Plan G: Best Comprehensive Coverage

Medigap plan G in Florida is quickly becoming most popular among new buyers. Same benefits as Plan F, however, it does not pay for the Medicare Part B Deductible.

Medicare Supplement Plan N: Best Value

Medigap plan N in Florida is popular as a lower-cost alternative. Offers great coverage with a few compromises that reduce monthly premiums. This is a more comprehensive plan than options like Medigap Plan A, but it’s more affordable than Medigap Plan F and Plan G.

Top Medicare Supplement Insurance companies in Florida

There are over 10 Medicare Supplement insurance companies in Florida:

Medicare Supplement Insurance prices in Florida

Florida ranked No. 4 nationally in Medicare spending per enrollee at $9,379, but reviews show that Medicare spending also varies within the state. In Florida’s Alachua County, Medicare spends $9,592 per enrollee; in Palm Beach County, Medicare pays $11,417.

65-Year Old Female
Plan Type Premium Range
Plan F$184.76
Plan N$125.03

When Can I Enroll in A Medigap Plan in Florida?

The Medigap Open Enrollment Period is a six-month window starting with the first day of the month you turn 65 or older. You must first enroll in Medicare Part B.

In Florida, state law requires private health insurance companies to sell Medigap policies to beneficiaries under 65 who have a disability or end-stage renal disease (ESRD).

During the Medigap Open Enrollment Period, a Medicare insurance company must:

  • Sell you a Medigap plan in Florida for a rate unrelated to your health conditions
  • Waive the waiting period for pre-existing conditions

Although you can apply outside the Medigap Open Enrollment Period, you will be subject to medical underwriting requirements. The exception is if you have guaranteed issue rights.

Scenarios for guaranteed issue rights include:

  • You are losing a Medicare Advantage plan because it ceased coverage in your area or will no longer participate with Medicare.
  • You moved out of the area that your plan services.
  • Your coverage under a group health plan is ending – this may include employee, retiree or COBRA coverage.
  • You are within the time allowed to switch back to Medigap after enrollment in Medicare Advantage or Program of All-inclusive Care for the Elderly (PACE)
  • You lost a Medigap policy through no fault of your own.

Florida Medicare Resources

Florida resources:

Following are several links that will help you when it comes to the Medicare Supplement plans and your coverage through the U.S. government federal Medicare program in general:

Florida Medicare enrollment:

  • Roughly 787,681 residents had insurance coverage through a Medicare plan in Florida.
  • 70% of those who have Medicare Supplement plans have their coverage through their employer or a private insurance carrier.
  • 40% (more than 1.56 million) of Florida’s Medicare population has Medicare Advantage rather than Original Medicare.
  • Plan F is the most popular among Medigap plans. Plan N ranks second and Plan G ranks third.

Extra Help for Low Income

Medicare beneficiaries often qualify for extra help with prescription drug coverage. The Social Security Administration can provide you with eligibility requirements and the information you need to apply. Florida has many Social Security locations throughout the state. It’s best to look into the help that is available for you before your Open Enrollment period so that you can take advantage of all of the options that are available to you.

Key Take Aways
  • In Florida, 17 private insurance companies offer Medicare Supplement plans.
  • There are 10 Medigap plans available to choose from: A, B, C, D, F, G, K, L, M, and N.
  • In 2022, Medigap Plan G is the most poplular plan in Florida.