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Medicare Supplement Plans in Iowa

Medicare Supplement plans in Iowa help residents enrolled in Medicare Part A and Medicare Part B pay expenses not covered by Original Medicare. Also known as Medigap, Medicare Supplement insurance pays coinsurance, deductibles, co-payments and other expenses that Medicare beneficiaries are supposed to pay. There are 10 Medicare Supplement plans in Iowa, designated by the letters A through D, F, G and K through N.

Medicare Supplement plans offer the same benefits and coverage as the same lettered plan in other states.

Medicare Supplement Insurance is health insurance that covers medical expenses and health care related supplies.

It will cover:

– Copayments
– Coinsurance
– Deductibles

This type of insurance is often called Medigap because it helps to fill the gaps that Original Medicare (Part A and Part B) does not.

Find Plans in Your Area
 

There are 5 plans that are the best supplemental insurance in Iowa and they are:
Medicare Plan F, G, N, High Deductible Plan F, and High Deductible Plan G.

Medicare Supplement Plan F

Medicare Plan F is the most comprehensive benefit level in Iowa as long as the enrollee joined Medicare before 1/1/20.
– Plan F includes both Medicare Part A deductible and Medicare Part B deductible.

Medicare Supplement Plan G

Plan G is the Medigap Plan in Iowa to have if you joined Medicare after the effective date of 1/1/20.

– This plan is good for beneficiaries with pre-existing conditions.

– When compared to Plan F, this plan has better cost savings.

Medicare Supplement Plan N

Medicare Plan N is great for those who don’t mind trading some benefits for a cheaper monthly premium.

– Medigap Plan N covers 100% of Plan B coinsurance, but you’re responsible for doctor’s visit copays up to $20 and emergency room visit copays of $50. For the ER if you are admitted the $50 copay is waived.

High Deductible Medigap Plan F

– Annual deductible that will need to be paid before coverage starts.

– Affordable monthly rates.

High Deductible Medigap Plan G

– High Deductible Plan G also has an annual deductible to be met prior to coverage.

– Reduced monthly rates like the high deductible Plan F.

Medicare Supplement Insurance cost in Iowa

The average cost will depend on the insurer because their pricing will be based on community ratings, issue age, and attained age,

Community Rating: is priced for beneficiaries of all ages.

Issue Age: is based on the age at purchasing and premiums for

Attained Age: will increase as the Medicare beneficiary ages

For a 65-year-old female (non-smoker) living in Iowa, Polk County (50047), the average cost will be $100.00 for a Medicare Supplement Insurance plan.

65-Year Old Female Non-tobacco
Plan Type Premium Range
Plan G$108.21 - $221.02
Plan N$79.30 - $160.02

When can I apply for a Medicare Supplement plan?

You can apply within the 6 month Medigap Open Enrollment period. This will be the best time to gain Medicare benefits because during this period pricing and plan options from a Medicare insurance company are better. For age specifics, see below.

Age 65 or older:

– Enrollment begins when you have Part B.

– It can’t be changed or repeated.

Turning 65:

– On the first day of the month of your birthday, the six-month period to enroll begins.

– Enrollment in Part B will be needed.

Under 65:

– Enrollment may not be possible.

– If you have a disease or syndrome, you will qualify for Medicare under the age of 65.

– Some states do require Medigap insurance companies to sell policies. These plans do generally cost more.

Enrollment periods do not apply to Medicare supplement plans. They only apply to:

– Part D Plans and Medicare Advantage
– Aging into the Federal Medicare Program
– Retiring from group coverage
– Losing a Medicare Advantage plan

When receiving Social Security, SSA will automatically sign you up and handle your enrollment for Medicare Part A and Medicare Part B at the age of 65. The Federal Medicare Program is operated by the federal Centers for Medicare & Medicaid Services.

Note: You have guaranteed issue rights, so an insurance company can’t refuse to sell you a Medigap policy if a Medicare Advantage Plan leaves Medicare, stops providing in your area, or you move out of the plan’s service area.

FAQ:

When can I change Medigap plans?

Changing Medigap plans can be done at any point. However, when applying outside the initial enrollment period, you could be denied coverage or have your rates increased due to a health condition or medical issues.

Can I be denied Medigap coverage?

In Iowa, you cannot be denied coverage for a Medicare insurance policy unless you are outside of an enrollment period. When outside your enrollment period, you may be accepted at a higher premium or have coverage delayed until the next enrollment period.

Related Topics

Ready to Learn More?

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 Aetna, Cigna, Mutual 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.

Iowa State Links

Key Take Aways
  • Also known as Medigap, Medicare Supplement insurance pays coinsurance, deductibles, co-payments and other expenses that Medicare beneficiaries are supposed to pay.
  • There are 10 Medicare Supplement Plans in Iowa to choose from.
  • In Iowa, Medicare Supplement Plan G is the most popular plan for 2022.