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Best Medicare Supplement Plans in Illinois 2020 – Comparison Chart

If you want to eliminate confusion from your Medicare coverage, then you should compare the best Medicare Supplement plans in Illinois for 2020. Many people assume that the Medicare benefits from Original Medicare Part A and Medicare Part B are sufficient for reducing their out of pocket costs for healthcare.  However, they are later surprised by deductibles, copayments, cost-share percentages and other out-of-pocket expenses. A Medicare Supplement plan in Illinois can give you peace of mind while improving the quality of medical care that you receive in years to come.

We strive to make finding and using the best Medicare plans fast and easy We will help you compare rates online, identify the most trustworthy carriers and understand potential annual changes to your benefits. You can also give us a call and speak directly to an agent regarding your Medicare Supplement plan options.

Best Time to Apply for a Medicare Supplement Plan in Illinois for 2020

Timing your application for a Medicare Supplement plan is important because any diagnosed medical conditions could increase your rate or exclude you entirely if you don’t apply at the right time. You have three options to consider:

Illinois Medigap Open Enrollment Period

This “preferred timing” refers to a six-month block of time that surrounds the first day of the month that you turn 65 years old. You’ll have 3 months before and 3 months after.  The only exception is if you delayed Medicare Part B when turning 65 because you already have employer health benefits. In that case, your open enrollment period will start when you sign up for Part B.

Companies offering Medicare Supplement Plans in Illinois for 2020 are legally required to offer you coverage during your Medigap Open Enrollment Period regardless of pre-existing conditions.

Because of this, many people use this time period to sign up for a standard or high deductible Medicare Supplement insurance plan through a company like Blue Cross Blue Shield.

Illinois Special Enrollment Period

These “Second Chance Timing” options create Guaranteed Issue Right allowing you to apply for a Medicare Supplement plan without answering medical questions due to special circumstances. Here are a few examples when you’ll have a Special Enrollment Period for signing up for a Medigap policy:

  • Retirement (losing employer insurance)
  • Employer stops offering insurance
  • Moving out of your Advantage plan’s service area
  • Insurance carrier goes out of business
  • Insurance carrier loses Medicare it’s contracting or withdraws from the market
  • Misleading marketing

Applying After Enrollment Periods Expire

You can apply for the best Medicare Supplement plans in Illinois after your initial enrollment window closes and without any special circumstances, but the insurance carrier will ask questions regarding your medical history and may decline to offer you a plan because of medical underwriting.

How Are 2020 Rates Calculated for Medicare Supplement Plans in Illinois?

There are three strategies that Illinois providers may use to determine Medicare Supplement plan monthly premiums for the best Medicare Supplement plans in Illinois:

  1. Attained Age

    Your age determines your rate, so you can expect annual changes as you progress into higher age groups. Most carriers offering the best Medicare Supplement plans in Illinois use this strategy when determining Medigap rates.

  2. Community-Rated

    All participants are charged the same premium regardless of age.  Only one insurance company in Illinois that uses this strategy to determine rates.

  3. Issue-Age

    Your age when you first accept the Medicare Supplement plan will always determine your premium. There are no insurance companies in Illinois that utilize this strategy.

When choosing one of the standardized Medicare Supplement plans, it’s important to look at how the company calculates its rates for Medigap insurance. You don’t necessarily just want to choose the plan that is going to be the cheapest now; instead, you should think about how your rates will impact you later. Looking into options from several private insurance companies will help you find the best deal so that you can minimize your health care costs both now and in the future.

Medicare Supplement Plan Comparison Chart in Illinois for 2020

There are eight Medigap plans now available: A, B, C, D, F, G, M, and N. The Medicare Supplement insurance options on the comparison chart all have their advantages and a distinct outline of coverage, and selecting one is a personal matter. You must determine which one offers services that are relevant to your medical needs while fitting comfortably into your budget. Reading Medicare policy reviews can help you make this decision, but speaking to an experienced specialist can help even more.

Some of the things that your plan might cover — on top of what is covered by Medicare Parts A and B of the federal Medicare program — are listed here:

  • Part B excess charges
  • Part A coinsurance
  • Part B coinsurance
  • Foreign travel emergency care
  • Care in a skilled nursing facility
  • Part B deductible (only Plan C and Plan F offer this)

Please note: Medigap Plan F in Illinois will no longer be available to Medicare beneficiaries that turn age 65 after 01/01/2020. Plan F will still available to Medicare Beneficiaries who are already on Medicare Part A and Medicare Part B prior to 01/01/2020.

Medicare Supplement Plan A offers the least amount of coverage. Medicare Supplement Plan N, Medicare Supplement Plan F and Medicare Supplement Plan G are the most popular options around the United States. Many consider those three plans to be the best Medicare Supplement plans in Illinois. You can compare these insurance plans with ease by taking a look at this Illinois Medicare Supplement plans comparison chart:

Medicare Supplement Plans Comparison Chart

Can I Use My Illinois Medicare Supplement Plan in Other States?

One of the most significant advantages to signing up for one of the best Medicare Supplement plans in Illinois is the freedom to see any doctor in the nation accepting Medicare as payment. You don’t have to worry about referrals, and most plans don’t require you to stay within a network. Some states offer higher quality resources for Medicare participants than others, and Medigap plans allow you to seek the best care regardless of location.

Since Medicare Supplement plan rates vary from one zip code to another, you can expect your premium to change when you move to a new state. Except for Medicare Select policies, there are no networks to worry about, so can expect to maintain the same policy and quickly switch your care to doctors convenient to your new home.

How Do I Apply for a Medicare Supplement Plan in Illinois for 2020?

Whether you’re interested in Plan F or another type of Medigap plan, the first step is to request a quote online. Our comparison tool will help you identify the most affordable Medicare Supplement plans in Illinois.

If you’re still confused or have questions, feel free to give us a call. We will connect you with a Medicare Specialist who will take the time to explain the various Medicare Supplement plans available to you. We can even help you sign up for a plan through a reliable and affordable insurance agency right over the phone.

Even if you think you would prefer a Medicare Advantage plan (Part C) instead of a Supplement — such as an HMO or PPO plan — we want to help. We’ll even talk to you about Medicare Part D prescription drug plans that offer prescription drug coverage. Our insurance agents are here to help you.

Medicare Supplement Plans in Illinois: Enrollment Statistics

The five largest counties in Illinois are home to many beneficiaries of the best Medicare Supplement plans in Illinois:

  •  Cook County
  • DuPage County
  • Lake County
  • Will County
  • Kane County.

Let’s take a closer look at more relevant Medicare statistics for Illinois:

  • 2015, there were more than two million Medicare beneficiaries in Illinois.
  • 2016, the average age of retirement in Illinois was 63.
  • 2015, more than 1.5 million Illinois residents were signed up for Original Medicare (Parts A and B).

You don’t have to live in Chicago or another heavily populated area of Illinois to find a plan, though. You can find the best Medicare Supplement plans in Illinois from anywhere across the state with our help.

Related Medicare Supplement Plan Topics in Illinois

Senior Life Insurance Plans is a great resource for Medicare beneficiaries to learn about there options, we also specialize in senior life insurance plans. We help educate Medicare beneficiaries on their Medigap options and help them go through the process of reviewing and comparing plans. We work with most of the nations top-rated Medigap carriers such as AetnaCignaMutual of Omaha and Florida Blue Medicare plans. Give us a call today, or request a quote online to learn more about Aetna Medicare Supplement plan G and Mutual of Omaha Medicare Supplement plan G in your state. We educate you on the best Medicare Plans for your situation, then let you decide.

Illinois Medicare Resources