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Medicare Supplement Plans in Louisiana

Louisiana offers 10 standardized Medicare Supplement insurance plans. None of them include a prescription drug plan. All 10 include the same basic benefits, but some health plans offer extra benefits.

Roughly 58% of Louisiana Medicare beneficiaries rely on Medicare Supplement plans in Louisiana to help cover out-of-pocket costs relating to health care. Out-of-pocket medical expenses such as copayments, Medicare Part A deductible, and coinsurance can add up quickly, especially if you have end-stage renal disease or other chronic health conditions.

Medicare Supplement insurance plans in Louisiana don’t include prescription drug coverage (Medicare Part D). So for Part D coverage, you’ll have to buy a separate Medicare Part D plan.

Find Plans in Your Area
 

Here are the top five plan options in Louisiana:

Medicare Supplement Plan F

Medicare Supplement Plan F has the broadest coverage, but you must have a Medicate start date before Jan. 1, 2020.

Medicare Supplement Plan G

If your eligibility for Medicare starts after Dec. 31, 2019, Medigap Plan G offers the broadest coverage. For those who can choose either Plan F or Plan G, it costs significantly less than Plan F.

Medicare Supplement Plan N

Medicare Plan N balances cost and coverage. You can get a much lower premium if you’re willing to incur a higher cost-share. This insurance plan has office visit ($20) and emergency room ($5) copayments. The ER copay is waived if you’re admitted.

High Deductible Medigap Plan F

This plan covers the same services as Medicare Plan F but requires you to meet an annual deductible of $2,490 before it pays on your claim. However, premiums are substantially cheaper.

High Deductible Medigap Plan G

This insurance plan also has an annual deductible of $2,490 you must pay before coverage kicks in. It features the same benefits as Medicare Plan G once you meet the deductible but has significantly lower premiums than Medicare Plan G.

Medicare Supplement Insruance cost in Louisiana

Monthly premiums for Louisiana Medigap insurance differ based on various factors:

  • Age
  • Health information
  • Service area
  • Medicare insurance company selling the Medigap policy
65-Year Old Female Non-tobacco
Plan Type Premium Range
Plan F$133-$235
Plan G$102-$140
Plan N$91-$176

When can I apply for a Louisiana Medicare Supplement plan?

Medicare Advantage and Medicare Part D plans have an annual election period where you can make changes to your policy or switch insurance companies. Medicare Supplement plans do not have this option. Here are the enrollment guidelines for supplement insurance plans in Louisiana.

Aging into Medicare

The best time to buy a supplement plan in Louisiana is when you first become eligible for Medicare coverage. This is your Medigap Open Enrollment Period.

  • Your OEP is a six-month period that starts the month you’re at least 65 and enrolled in Medicare Part B.
  • Disabled individuals under 65 have this same six-month window when they become eligible for Medicare. They have another OEP when they turn 65.

Guaranteed Issue Rights

The reason it’s critical to join a supplement plan during open enrollment is because you have guaranteed issue rights.

Under guaranteed issue, insurers can’t:

  • Deny you coverage
  • Charge you more based on health history
  • Exclude coverage for pre-existing conditions

Once you’re past your Medigap Open Enrollment Period, private insurance companies can require you to go through underwriting. They can charge higher monthly premiums based on pre-existing conditions. They can also refuse your application altogether.

Special Enrollment Periods

Life events can change your situation, and under certain circumstances you can get guaranteed issue rights through special enrollment.

Here are a few circumstances that qualify you for special enrollment:

  • Retiring from group coverage
  • Losing a Medicare Advantage plan
  • Moving out of the plan’s service area

For the majority of beneficiaries buying a Medigap policy in Louisiana, the one they initially choose is the one they’ll keep for a lifetime. Our licensed insurance agents can help you compare plans and pricing to find the policy that fits your needs now and in the future.

And remember, you must stay enrolled in Medicare Part A and B and pay your Part B premium in order to stay enrolled in a Medigap plan.

FAQ:

When can I change Medigap plans?

Once you’re past your Open Enrollment Period, the only time you can change Medigap plans, without requiring underwriting or health questions, is if you become eligible for a Special Enrollment Period. The limited enrollment window is why it’s necessary to shop carefully and compare plans before you buy.

Can I be denied Medigap coverage?

If you enroll in a supplement plan during open enrollment, private health insurance companies are required to sell you  Medigap plans in Louisiana to provide coverage without question. However, if you wait to enroll outside of your Open Enrollment Period or want to change Medigap policies, insurers can require underwriting, charge more, or deny coverage.

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. 

Louisiana State Links

Louisiana Medicare Resources

  • Louisiana SenioRX Program – an organization that connects low-income seniors with discounts on prescription drugs directly from pharmaceutical manufacturers
  • Medicare Savings Program – help for Louisiana residents struggling to pay out-of-pocket expenses and/or prescription medication charges
Key Take Aways
  • Roughly 58% of Louisiana Medicare beneficiaries rely on Medicare Supplement plans in Louisiana to help cover out-of-pocket costs relating to health care.
  • There are 10 Medicare Supplement Plans in Louisiana to choose from.
  • In Louisiana, Medicare Supplement Plan G is the most popular plan for 2022.