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Medicare Supplement Plans in Minnesota

Once you’re enrolled in Medicare Part A and Part B, you’re qualified to enroll in any one of the best Medicare Supplement plans in Minnesota. These plans are designed to cover the out-of-pocket expenses that remain after Original Medicare is billed, including copayments, deductibles, and coinsurance charges. These out-of-pocket expenses are often referred to as gaps in the Medicare system, which is why Medicare Supplement plans are often referred to as Medigap policies.

Minnesota is one of three states that vary from the standardized Medicare Supplement plans that are used in most states. Rather than selecting from 10 plans identified by numbers, Minnesota beneficiaries can choose between the Basic Plan and the Extended Basic Plan for. This page will answer all of your questions about Medicare Supplement plans in Minnesota, allowing you to make educated decisions regarding your healthcare coverage.

Find Plans in Your Area

How Are Rates Calculated for Medicare Supplement Plans in Minnesota?

Minnesota law requires all insurance companies to use one system for determining Medigap rates for all Medicare beneficiaries. This means that someone under the age of 65 with a disability will receive the same premiums for the best Medicare Supplement plans in Minnesota for a senior over the age of 65. There are three ways that an insurance company may determine those rates:

  • Issue-Age Rating

    Your age at the time of Medigap plan enrollment determines your premium. Your rate doesn’t increase due to your advancing age in the future.

  • Attained-Age Rating

    Your rate is always determined by your current age. Your premium will get higher as you age.

  • Community Rating

    Everyone subscribed to a particular Medicare Supplement plan receives the same rate regardless of age.

Community-rated policies are the most common and popular Medicare Supplement plans in Minnesota. Rates are also determined by your zip code and the density of population in your local area.

Medicare Supplement Plans in Minnesota: Plan Options

As an Original Medicare beneficiary, you may choose between two Medicare Supplement plans in Minnesota. Unlike in most other states, you can’t choose one of the 10 popular standardized plans, such as standard or high-deductible Medicare Supplement Plan F. Instead, you’ll need to choose one of these two options:

  • Basic Medigap Plan in Minnesota

    Doesn’t cover Medicare Part B deductible and other out-of-pocket expenses

  • Extended Basic Medigap Plan in Minnesota

    Covers Part B deductibles plus all out-of-pocket expenses after the annual $1,000 out-of-pocket maximum is satisfied

Each of these plans has its own list of benefits, with the extended plan offering the most comprehensive coverage in exchange for higher rates. Beneficiaries selecting a Medicare Supplement plan in Minnesota also have the option of adding up to four riders:

  • Insurance hospital deductible for Medicare Part A
  • Part B deductible
  • Preventive care not offered through Original Medicare
  • Customary and usual fees

The rider system allows you to customize your Medigap plan in MN, but it also makes it more difficult to compare rates before making your final decision. In addition to comparing rates for each of the plans, you need to compare available riders and prices for those additions to your coverage.

Many people consider Extended Basic Plans to be the best Medicare Supplement plans in Minnesota because more coverage is offered. Even a Basic Health Plan can help you supplement your Medicare coverage well, though, and your monthly premium will typically be significantly cheaper. Talking to one of our licensed insurance agents about these two options from private insurance companies like Blue Cross Blue Shield will help you save the most money.

How Does A Medicare Supplement Plan Cover Prescription Drugs?

Even the best Medicare Supplement plans in Minnesota will not include prescription drug coverage. You will need to purchase a separate Medicare Part D plan for your medications.

If your income is limited and you struggle to pay premiums for either of the Medicare Supplement plans as well as your prescription drug plan, you may qualify for one of Minnesota’s Medicare Savings Programs. You may also qualify for Medical Assistance, which is Minnesota’s Medicaid program.

Some people opt to sign up for one of the Medicare Advantage plans (Medicare Part C) instead of a Supplemental plan. With an HMO or PPO plan, you will have more limitations than you will with a Supplement. However, prescription drug coverage might be included.

Medicare Supplement Plans in Minnesota: When Can I Enroll?

The best time to enroll in one of the best Medicare Supplement plans in Minnesota is during your Medigap open enrollment period. Your first opportunity is the initial enrollment period, which starts the first day of the month in which you turn 65. This period lasts for six months, and there are some big benefits to enrolling before it closes:

  • Medigap Guaranteed Acceptance

    The insurance company cannot deny you coverage for either of the Medicare Supplement plans.

  • Medigap Guaranteed Renewal

    The insurance company cannot cancel your Medicare Supplement plan in Minnesota as long as your premiums are paid.

  • No Medigap Underwriting

    You get to bypass underwriting, and you don’t have to answer questions regarding your medical history.

Unlike many other states, Minnesota extends these guaranteed benefits to every Medicare beneficiary regardless of age. Beneficiaries under the age of 65 who qualify for Original Medicare due to disability don’t need to wait until they turn 65 to receive guaranteed acceptance.

Can I Use My Minnesota Medicare Supplement Plan In Other States?

Even though the type of Medicare Supplement plans in Minnesota can be different from the plans offered in most other states, you can still use your plan in any state. Your zip code may impact your premium, but it has no impact on your choice of doctors. With the best Medicare Supplement plans in Minnesota, you have the freedom to see any medical professional in the country who accepts Medicare as payment.

Medicare Supplement Plans in Minnesota: Enrollment Statistics

Medicare enrollment and enrollment in Medicare plans are highest in the more populated counties in Minnesota. However, there are Medicare enrollees and enrollees in Medicare Supplement insurance from all over the state.

  • The five largest counties in Minnesota include:
  • Hennepin
  • Ramsey
  • Dakota
  • Anoka
  • Washington

In 2010, Anoka, St. Louis, Dakota and Ramsey counties had the highest number of Medicare beneficiaries.In 2015, there were more than 900,000 Medicare beneficiaries in Minnesota. This translates to approximately 12 percent of the state’s population. More than 120,000 Medicare beneficiaries were also enrolled in Medigap policies in 2015.

Whether you live in a more rural area or a bigger city in Minnesota, it’s worth it to look into the best Medicare Supplement plans in Minnesota. One of these health plans can help you greatly reduce your out-of-pocket costs for care in a skilled nursing facility, temporary home health care, inpatient hospital expenses and more.

After all, even though the federal Medicare program does offer many Medicare benefits, your Medicare costs could be high without one of these insurance plans.

Related Medicare Supplement Plan Topics in Minnesota

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 plans in your state. We educate you on the best Medicare Plans for your situation, then let you decide.

Minnesota Medicare Resources

There are state health insurance and federal websites that you can use for more information about Medicare and the best Medicare Supplement plans in Minnesota: