Best Medicare Supplement Plans in North Carolina 2020 – Comparison Chart
The best Medicare Supplement plans in North Carolina for 2020 can help seniors and disabled residents on Medicare pay expenses not covered by Original Medicare. If you are already enrolled in or plan to enroll in, Medicare Part A and Medicare Part B, consider adding a Medicare Supplement Plan in North Carolina. These plans are also known as Medigap plans.
There are 10 approved Medicare Supplement plans in North Carolina, labeled Plans A through D, F, G, and Plan K through N. Each plan pays specific out-of-pocket expenses, such as co-payments, deductibles, excess charges, and foreign emergency health expenses. Medigap Plan A is the least comprehensive plan and has the least benefits of all of the plan options. Medigap Plan F is the most comprehensive but also the most expensive of Medigap plans that you can purchase from an insurance agency like Blue Cross Blue Shield.
Even the best Medicare Supplement plans in NC for 2020 do not cover prescription medicines. Instead, you must enroll in Medicare Part D, a separate prescription drug plan that covers prescriptions.
Top 10 Medicare Supplement Plans in North Carolina for 2020 cover:
- Medicare Part A coinsurance for hospitalization.
- Part A hospice care co-payments or coinsurance.
- Part B co-payments.
- The first three pints of blood.
However, each plan covers different amounts of deductibles, excess charges and coinsurance. Some Medicare Supplement plans do not include coinsurance for stays in skilled nursing homes, and some do not include foreign travel emergency care. It is essential to review the benefits provided under each plan and confirm that you select the one most appropriate for your situation. Then, you’ll know that you have signed up for one of the best Medicare Supplement plans in North Carolina for your needs.
A given Medicare Supplement plan must provide the same benefits regardless of what company underwrites the policy. However, companies can set their rates. If you are considering enrolling in a Medigap plan, it pays to ask for quotes and compare rates from several companies.
NC Medicare Supplement Plan Enrollment Periods
The best time to buy one of the best Medicare Supplement plans in North Carolina is during the six-month open enrollment period that starts surrounding your 65th birthday month or your enrollment in Medicare Part B. During the Medigap Open Enrollment Period; you can purchase any of the 10 Medicare Supplement plans in North Carolina. Insurance companies cannot charge extra for pre-existing conditions if you enroll during this time. However, if you want to purchase a plan after your Medigap Open Enrollment Period ends, insurance companies can charge more, deny coverage or require you to meet underwriting requirements.
Special enrollment is allowed for specific situations, called guaranteed issue rights:
- Were enrolled in Medicare Part C, and your plan stops providing coverage or you move out of the coverage area.
- Have Original Medicare and are enrolled in an employer health insurance plan that is ending.
- Your existing Medicare Supplement plan stops providing coverage or has not followed the rules.
- Joined a Medicare Advantage plan when you turned 65 and decided to switch coverage to a Medigap plan within 12 months.
- Switched from a Medigap plan to an Advantage plan and would like to return to the Medigap plan within a year.
If you meet the guidelines for guaranteed issue rights, insurance companies must sell you a Medicare Supplement plan and cannot charge more even if you have pre-existing conditions.
How are 2020 Rates Calculated For Medicare Supplement Plans In North Carolina?
There are three ways that insurance companies determine rates for the best Medicare Supplement plans in North Carolina:
Base the premium on your age. The cost increases as you grow older.
Base the premium on your age when you enroll. The Medicare Supplement plan rates do not increase based on your age. Issue-age policies are often more expensive than attained-age policies to start with, but they may become more cost-effective over time. Rates may increase because of external factors such as inflation.
Charge the same premium for all policyholders regardless of age. Premiums will not increase as you age.
Medicare Supplement plans in North Carolina are attained-age policies most of the time. However, community-rated and issue-age policies are available for most plans in NC.
Medicare Supplement Plan Comparison Chart in North Carolina for 2020
With 10 plans to select from, it may be challenging to evaluate which are the best Medicare Supplement plans in North Carolina. Below is a brief outline of coverage of the three most popular plans:
Medicare Supplement Plan F in North Carlina
Medigap plan F in North Carolina covers everything that Original Medicare does not pay. If you purchase one of these health plans to supplement the federal Medicare program, you will have virtually no out-of-pocket expenses. Also, there are no deductibles, coinsurance or excess charges.
Medicare Supplement Plan G in North Carolina
Medigap plan G in North Carolina is almost identical to Plan F, except they do not cover the Part B deductible.
Medicare Supplement Plan N in North Carolina
Medigap plan N in North Carolina does not pay the Part B deductible, and they require a co-payment of $20 for office visits. It also does not pay Part B excess charges. Medicare beneficiaries who want to supplement their Medicare benefits but who don’t mind some cost-sharing for their healthcare — and who want affordable monthly premiums — often choose this plan.
Please note: Medigap Plan F in North Carolina will no longer be available to Medicare beneficiaries that turn age 65 after 01/01/2020. Plan F will still available to Medicare Beneficiaries who are already on Medicare Part A and Medicare Part B prior to 01/01/2020.
Using North Carolina Medicare Supplement Plans In Other States
You can use the best Medicare Supplement plans in North Carolina anywhere in the U.S. There are no provider networks. You can see a specialist without a referral as long as the provider accepts Medicare. This flexibility is one of the main reasons people choose Medigap coverage.
If you move to another state, you may be able to keep the same plan. You will receive the same coverage in your new state, but the price for the same plan may be different in your new location.
How to Apply for a Medicare Supplement Plan in North Carolina
It can be confusing to sort out all the variables as you try to decide which Medicare Supplement plan best suits your needs. Speaking to an experienced agent can help. We offer a way to compare the various Medicare Supplement plans in North Carolina. You can start by using our online forms. Simply select your state from the drop-down menu and follow the prompts. In no time, you’ll be able to easily purchase one of the best Medicare Supplement plans in North Carolina.
Medicare Supplement Plans in North Carolina: Enrollment Statistics
Approximately 15 percent of the population of North Carolina is over 65. This figure has increased roughly 2 percent each year since 2011. Projections suggest that more than 20 percent of the people in North Carolina will be over 65 by the year 2035. The average retirement age in NC in 2016 was 62.
The five most populous counties in NC are:
- Mecklenburg, with approximately 944,500 residents and 10.6 percent over 65
- Wake, with nearly 930,000 residents and 10.7 percent over 65
- Guilford, with about 485,300 residents and 14.4 percent over 65
- Forsyth, with approximately 355,000 residents and 15.1 percent over 65
- Cumberland, with roughly 325,000 residents and 11.6 percent over 65
In 2014, the average amount spent per beneficiary on Medicare in North Carolina was $10,260.
- Enrollees in Medicare Parts A and B: 1,221,482
- Medicare Supplement Plan Enrollment: 424,904
- Enrollees in MA plans: 529,303
- Total enrolled in Medicare: 1,750,785
More populated counties in the Tar Heel State do offer the most choices for the best Medicare Supplement plans in North Carolina, but one of our licensed insurance agents can help you choose a good option no matter where you live.
Related Medicare Supplement Plan Topics in North Carolina
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 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.
North Carolina Medicare Resources
Here, we include some useful links to online resources that give more information about Medicare and North Carolina’s Medicare Supplement insurance plans
- North Carolina Medicare Supplement Premium Comparison Database
- SHIIP Contacts/Counselors by County
- Health Insurance Options for People on Medicare in North Carolina Due to Disability
- Medicare.gov – The U.S. government website
- CMS: Centers for Medicare and Medicaid Services – Another official United States government site