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Best Medicare Supplemental Plan Options in Nevada – Top 5

Medicare Supplement plans in Nevada are a great option for beneficiaries interested in minimizing their out-of-pocket costs. Medigap policies are designed to cover many of the gaps left by Original Medicare, including the Part A deductible, coinsurance, copayments, Part B excess charges, and premiums. Supplement plans are an enhancement to the standard Medicare benefits rather than a replacement.

What is Medicare Supplement Insurance in Nevada?

Medicare Supplement plans in Nevada offer extended Medicare coverage that is easier to maintain due to limited out-of-pocket costs. There are 10 plans standardized by the federal government. They’re administered by private health insurance companies, but each plan offers the same basic benefits regardless of the insurer chosen.

Each Medigap plan in Nevada covers some or all of the following “gaps” left by the federal Medicare program:

  • Medicare Part A deductible
  • Medicare Part B deductible (Plan F only)
  • Medicare Part A coinsurance
  • Medicare Part B coinsurance
  • Medicare Part B excess charges
  • Skilled nursing and hospice care
  • Foreign travel emergency care

Medicare beneficiaries in Nevada pay a monthly premium for their Medigap policy plus any out-of-pocket expenses not covered by the plan. Medigap doesn’t include prescription drug coverage, so beneficiaries may also pay a separate premium for a Part D plan.

What are the top five Medicare Supplement plans in Nevada for 2021?

Nevada beneficiaries should compare all Medigap insurance plan options available in their zip code because no plan is a perfect fit for everyone. Some offer more comprehensive benefits for a higher premium while others minimize premiums and/or deductibles while reducing coverage.

The following overview will help Nevada Medicare beneficiaries find the right Medigap plan for their unique health care needs and budget.

1. Best for Full Coverage: Plan F

Plan F is the most complete Medicare Supplement insurance plan in Nevada. It covers the most out-of-pocket expenses, including the Part B deductible. Medicare Plan F is only available to beneficiaries with an Original Medicare start date prior to January 1, 2020.

2. Best Comprehensive Coverage: Plan G

Medicare Plan G offers the most comprehensive Medicare coverage for beneficiaries with an Original Medicare effective date on or after January 1, 2020. It doesn’t cover the deductible for Medicare Part B but does cover most other out-of-pocket costs.

For some beneficiaries with a Medicare effective date prior to January 1, 2020, Plan G is still the best choice. Even after paying the Part B deductible out of pocket, some Nevada beneficiaries find this plan more affordable than Plan F.

3. Best Value: Plan N

Medicare Plan N is more affordable than Plans F and G but still offers a suitable benefits package for many beneficiaries in Nevada. It doesn’t cover the Part B deductible, Part B excess charges, or foreign travel emergency care. Beneficiaries pay a small copay when visiting a doctor or emergency room.

4. Best Deductible Plan: High-Deductible Plan F

High-deductible Plan F is a quality Medigap insurance policy for beneficiaries able to pay more out-of-pocket costs throughout the year. Enrollees benefit from low premiums and have full access to all Plan F benefits after paying the deductible each year.

5. Best for Lowest Premiums: High-Deductible Plan G

High-deductible Plan G gives beneficiaries full access to all Plan G benefits after the annual deductible is met out of pocket. There are no enrollment restrictions, so all Nevada beneficiaries can take advantage of the low monthly premiums.

What is the best Medicare Supplement plan in Nevada for 2021?

When Nevada beneficiaries compare all of their plan options, many settle on Plan G as the best option. It provides the most extensive coverage without the eligibility restrictions that come with Plan F. Some of the Plan G advantages include:

  • Access to all medical providers and hospitals accepting Medicare as payment
  • Freedom to change doctors without permission or limitation
  • No referrals required
  • No out-of-network expenses

What is the average cost for a Medicare Supplement plan in Nevada?

Rates for a Medigap plan in Nevada will vary, depending on zip code, age, gender, and smoking habits. Beneficiaries should consider the full cost of each plan option, including the plan’s monthly premium plus all required out-of-pocket costs like a prescription drug plan, copayments, premiums, coinsurance, and excess charges.

For illustration purposes, we ran 2021 Medigap quotes for a female nonsmoker, aged 65, who lives in Nevada zip code 89128. The average monthly premium for all available F, G, and N plans was $171.

When can I apply for a Nevada Medicare Supplement plan?

Medicare’s Annual Election Period doesn’t apply to Medigap policies. It’s limited to Medicare Advantage and Part D plans.

The best time for Nevada beneficiaries to enroll is during their personal Medigap Open Enrollment Period. The six-month enrollment period starts the month a beneficiary enrolls in Medicare Part B and is at least 65 years old. This is a one-time period that does not repeat annually.

Beneficiaries receive guaranteed issue rights when enrolling during their Initial Enrollment Period. The Medicare insurance company cannot consider their current health condition or pre-existing conditions when determining their Medigap rates. Beneficiaries are also guaranteed enrollment in the plan of their choice during this enrollment period.

Some beneficiaries may qualify for a special enrollment period offering the same guaranteed issue rights if they choose not to enroll during their Initial Enrollment Period.

Beneficiaries can work with a licensed insurance agent or one of our Policy Guides to determine the optimal time to enroll in a Nevada Medicare Supplement plan.

Common Nevada Medicare Supplement Questions:

When can I change Medigap plans?

There is no official period that guarantees eligibility for a Medigap plan change. Most beneficiaries keep their policy unless they move out of the plan’s coverage area or otherwise qualify for a special enrollment period with guaranteed issue rights.

Some beneficiaries may switch plans without guaranteed issue rights. That allows the insurance company to determine their rate based on medical underwriting. Beneficiaries have 30 days to change their mind and switch back as long as they pay the monthly premium for both policies for one month.

Can I be denied Medigap coverage?

Private insurance companies can deny a beneficiary coverage if they apply outside of their Initial Enrollment Period. There are no guaranteed issue rights outside of that period, so the insurer will use medical underwriting to determine acceptance and pricing.

What is the difference between Medigap and Medicare Advantage?

Medigap plans work as extensions of Original Medicare to cover out-of-pocket costs. Original Medicare pays for medical expenses and equipment first, and then the Medicare Supplement insurance plan in Nevada kicks in. Beneficiaries pay nothing unless there are charges not covered by Medicare Part A, Medicare Part B, or Medicare Part C.

Medicare Advantage plans are different because they work independent of Original Medicare. Beneficiaries receive insurance cards from the private insurance company and use that instead of their red, white, and blue Medicare card. Medical expenses not paid by the Advantage plan are paid out of pocket by the beneficiary.

Do Medicare Supplement plans in Nevada cover dental care?

Medicare Supplement insurance plans do not cover dental services. Beneficiaries may consider an Advantage plan instead if they want dental, vision, hearing or a Medicare Part D plan included with their medical coverage.

 

Do Medicare Supplement plans cover chiropractic care?

Some Medicare Supplement insurance plans will cover select chiropractic services. If Original Medicare will cover the services, so will the supplemental plan.

 

Do Medigap plans in Nevada cover foreign emergency travel?

Some Medigap policies cover 80% of foreign travel emergency care up to plan limits. Plans F and G are the most popular, but there are a few others offering this coverage as well. Beneficiaries should compare plans with the help of a licensed insurance agent or one of our Policy Guides to select the best plan with foreign travel emergency coverage.

 

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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. 

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Key Take Aways
  • In Nevada, Medicare Supplement Plan G is the most popular plan for 2021.
  • There are 10 Medicare Supplement Plans in Nevada to choose from.
  • You can not have a Medicare Supplement plan and a Medicare Advantage plan at the same time.