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Medicare Supplement Plans in New York

Private insurance companies sell Medicare Supplement plans in New York for 2022 to help cover the deductibles and coinsurance associated with Original Medicare. These Medigap plans differ based on where you live. To find the Medicare Supplement plan that matches your needs and fits within your budget, you need to know how Medicare Supplement plans in New York work and the outline of coverage for each plan.

Here are some important features of Medicare Supplement plans in New York:

  • Medicare Supplement plans are sold by private insurance companies.
  • Medigap insurance fills in gaps in Medicare coverage like copayments, coinsurance, and deductibles.
  • Many Medicare Supplement plans go beyond basic benefits and include extras like foreign travel emergency care, Part B excess charges, and three pints of blood.
  • Standardized Medigap policies are guaranteed renewable even for those with pre-existing conditions.
  • Eligibility for Medicare Supplement plans in New York kicks in after enrolling in Medicare Part A and Medicare Part B.
  • Enrollees in Medigap are responsible for paying a monthly premium together with their Part B premium.
Find Plans in Your Area
 

Here’s how the top five Medigap plans in New York compare:

Medicare Supplement Medicare Plan F

Plan F provides the most comprehensive coverage. It includes the following benefits:

  • All copayments
  • Medicare Part A deductible
  • Medicare Part B deductible
  • All coinsurance

Unfortunately, Medicare Plan F is no longer available for new Medicare beneficiaries. To be eligible, you must have been enrolled in, or eligible for, Original Medicare before January 1, 2020.

Medicare Supplement Plan G

For Medicare beneficiaries who were eligible for Medicare after January 1, 2020, Plan G provides the most comprehensive coverage.

Plan G is also a good option for those who are also eligible for Plan F.

Medicare Supplement Plan N

Medigap Plan N in New York has:

  • Lower monthly premiums although it has fewer benefits.
  • Coverage for 100 percent of Medicare Part B coinsurance with the exception of outpatient copays that are up to $20.00.
  • Enrollees also pay emergency room copays of $50.00 unless they are admitted.

High-deductible Medicare Plan F

High-deductible Plan F provides the same coverage as standard Plan F with lower premiums, but beneficiaries must meet the annual deductible of $2,490.00 before coverage kicks in.

High-deductible Medicare Plan G

Medicare Plan G with high-deductible has an annual deductible of $2,490.00 and lower premiums than standard Plan G. Enrollees must meet their deductible before their coverage kicks in.

Medicare Supplement Insurance cost in New York

When you compare the pricing of Medicare Supplement plans, you must consider where you live, the plan type, your plan options, and who the insurer is. Private health insurance companies rate plans by community, issue-age, or attained-age ratings which affect the cost of your monthly premium, In New York, Medigap premiums are all community-rated, so your age and health condition do not affect the cost of your monthly premium.

65-Year Old Female Non-tobacco
Plan Type Premium Range
Plan G$291.75 - $476.04
Plan N$207.60 - $284.05

When can I apply for a New York Medicare Supplement plan?

Medigap Open Enrollment Period

For 65 years old and up

According to the federal Medicare program, you are eligible for Original Medicare when you are receiving Social Security retirement benefits. In New York, you can enroll in Medicare Supplement insurance when you have enrolled in Medicare Part B.

The Open Enrollment Period lasts six months beginning from the month you sign up for Part B.

For beneficiaries in New York, enrollment in Medigap during this open enrollment period is best because you cannot be denied coverage even if you have a pre-existing health condition.

For those under 65

A Medicare insurance company is not under a mandate to sell Medigap plans to people under age 65. However, in New York, every person eligible for Medicare, no matter how old they are, has access to continuous open enrollment for Medigap plans.

Outside the Medigap Open Enrollment Period with Guaranteed Issue Rights

In most states, people with guaranteed issue rights can buy a Medicare Supplement plan. Guaranteed issue rights are granted if you have comparative health insurance that changes.

Private health insurance companies must:

  • Sell Medicare Supplement plans to eligible people regardless of pre-existing conditions, or due to age (in New York)
  • Cover all health conditions
  • NOT charge more for the policy due to possible health conditions, past or present

The Annual Election Period (AEP)

During the AEP, which runs from October 15 to December 7, those eligible for Medicare can enroll in the following:

  • Medicare Advantage with or without a Part D prescription drug plan
  • Medicare prescription drug coverage (Medicare Part D plan)

Your new plan’s effective date: the first day of the month following your enrollment.

FAQ:

When can I change Medigap plans?

Based on regulations in New York, Medicare beneficiaries have the right to purchase Medigap policies at any time without being subject to medical underwriting. This means that you can make changes to your coverage at any time regardless of your age or health status. A licensed insurance agent can give you information about how to make changes to your plan.

Can I be denied Medigap coverage?

New York law states that anyone eligible for Medicare can purchase a Medicare Supplement plan in the state at any time.

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 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.

New York State Links

Key Take Aways
  • Private insurance companies sell Medicare Supplement plans in New York for 2022 to help cover the deductibles and coinsurance associated with Original Medicare.
  • There are 10 Medicare Supplement Plans in New York to choose from.
  • In New York, Medicare Supplement Plan G is the most popular plan for 2022.