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Best Medicare Supplement Plans in Oregon 2020 – Comparison Chart

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Having the best Medicare Supplement plan in Oregon for 2020 can help seniors pay out-of-pocket expenses left over after Original Medicare pays its portion on a claim. These Medicare Supplement plans, which are also called Medigap plans, are available to any Oregon Medicare beneficiary who is enrolled in Medicare Part A and Medicare Part B.

Best Types of Medicare Supplement Plans in Oregon for 2020

Private insurance carriers provide Medigap policies to Medicare beneficiaries in Oregon. A Medigap plan fills the gap between what Original Medicare covers and the copayments, deductibles, and coinsurance that is the responsibility of seniors. When you sign up for a Medicare Supplement plan in Oregon for 2020 during your initial enrollment period, you have what is called guaranteed-issue rights. Guaranteed issue means that an insurance company cannot deny you coverage, require medical underwriting, or charge you a higher premium based on your health condition. A Medigap plan covers only one person; married couples must buy a Medicare Supplemental plan for each spouse.

Medicare Supplement plans do not include prescription drug coverage, so you will have to buy a separate Medicare Prescription Drug Plan. These prescription drug plans are often referred to as Medicare Part D.

Like in the other 49 states, Medigap plans in Oregon supplement, not replace, Medicare Part A and Part B. To keep your Medicare Supplement plan in Oregon valid, you must stay enrolled in Medicare Part A and Part B.

How Are Rates Calculated for Medicare Supplement Plans in Oregon for 2020?

When choosing a Medigap plan to supplement your Original Medicare for 2020, it is important to consider how an insurance company will calculate your premium in the future. In Oregon, there are three ways to price Medigap plans:

  • Community-rated

    All policyholders pay the same premium.

  • Attained-age rated

    Your premium will increase as you age.

  • Issue-age-rated

    Your premium is based on your age when you buy the policy, but it is not affected by your age in the future.

Most of the Medicare Supplement plans in Oregon are calculated using the attained-age pricing method.

Medicare Supplement Plan Comparison Chart in Oregon for 2020

There are 10 Medigap policies available in Oregon: Plans A, B, C, D, F, G, K, L, M, and N. Each plan letter offers the same benefits throughout the state.

Although each Medigap plan letter features the same benefits, the benefits are different among the plans. These are three of the most popular plans. They’re all considered by many who have Medicare benefits in Oregon to be the best Medicare Supplement plans in Oregon for 2020:

  • Medigap Plan N

    Medicare Supplement Plan N in Oregon doesn’t provide as much coverage as some of the other Medicare plans. It doesn’t cover Part B excess charges or the Medicare Part B deductible, for example. If you’re hoping for an Oregon Medigap plan with cheaper monthly premiums and if you’re willing to sacrifice some benefits, it’s one of the plan options that you should consider.

  • Medigap Plan F

    Of all of your Medicare Supplement options, Medigap Plan F in Oregon offers the most coverage on top of the standard Medicare coverage that you already have through the Medicare program. From foreign travel emergency expenses to hospice care to care in a skilled nursing facility and more, you can save a lot of money with these Medicare Supplement insurance plans.

    Please note: Medigap Plan F in Oregon 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.

  • Medigap Plan G

    Medicare Supplement plans G in Oregon cover almost as much as Medigap Plan F, but the Medicare Part B deductible is not covered.

When you compare the best Medicare Supplement plans in Oregon, you need to consider several things to make sure you get the coverage that best matches your needs:

  • Current health condition
  • The frequency of doctor and/or emergency room visits
  • Ability to pay coinsurance, copayments, or higher deductibles

Individuals under age 65 who meet specific criteria for disability or end-stage renal disease may also qualify for a Medicare Supplement plan in Oregon. If an insurance provider sells Medigap plans in Oregon, the provider must offer at least one plan to Medicare beneficiaries who are under age 65. Providers are not allowed to charge a higher premium for under-65 policies compared to policyholders older than 65.

To compare health plans so that you can choose the plan type that is right for you, check out this helpful Medicare Supplement plans comparison chart.

Medicare Supplement Plans Comparison Chart

How Does A Medicare Supplement Plan Cover Prescription Drugs?

A Medicare Supplement plan in Oregon does not cover prescription drugs. To get prescription drug coverage, a Medicare beneficiary must buy a separate stand-alone Medicare Part D policy for 2020.

Medicare Supplement Plans in Oregon: When Can I Enroll?

To take advantage of the most options, the best time to buy one of the best Medicare Supplement plans in Oregon for 2020 is during your Medigap open enrollment period. This initial enrollment period is a six-month time frame that starts on the first day of the month that you meet two conditions:

  • You are age 65 or older
  • You enrolled in Medicare Part B

When you buy a Medicare Supplement plan in Oregon during your initial enrollment period, insurance companies cannot charge you a higher premium based on health problems or require you to undergo medical underwriting. Carriers also cannot deny you coverage for a pre-existing condition, although they can require a waiting period before covering a pre-existing condition.

Typically, after your Medigap open enrollment period ends, you can still buy Medigap insurance, but you might be subject to medical underwriting, and you might also have to pay a higher premium if you have a pre-existing condition. Insurance providers also are allowed to deny you coverage completely if you are outside of your initial enrollment period.

However, Oregon residents get additional protection through the Medicare Supplement birthday rule in Oregon. Under the birthday rule, you have a 30-day open enrollment period each year to switch policies without having to undergo underwriting. This 30-day window starts on your birthday and allows you the opportunity to take advantage of a more competitive rate.

The one criteria to take advantage of the Medicare Supplement birthday rule in Oregon is that you must switch to a policy that offers the same or less coverage than your current policy. If you have Plan F, which provides the broadest coverage, you can change to a less expensive Plan F or any of the other nine Medicare Supplement plans. If you have Plan C, you can only switch to a less expensive Plan C, Plan B, or Plan A.

Can I Use My Medicare Supplement Plan from Oregon in Other States?

One of the best advantages of the best Medicare Supplement plans in Oregon is that they have portability. If you are traveling in 2020, you can use it anywhere in the United States as long as the healthcare facility or doctor is signed up with Original Medicare. If you move to another state, you can take your Medigap plan with you, although the premium might change because of the new location.

This is not the case with many Medicare Advantage plans. Although residents of Portland, Eugene and other cities across Oregon can enjoy some benefits with these plans, they are more restrictive than Supplemental plans. This is because many of them are HMO or PPO plans.

Medicare Supplement Plans in Oregon: Enrollment Statistics

Oregon has 36 counties. Following are the five largest based on population:

  • Multnomah
  • Washington
  • Clackamas
  • Lane
  • Marion

Oregon’s population is more than 4.142 million. Of those, nearly 17 percent are age 65 or older. The average retirement age is 63. Here are some other Medicare-related facts:

  • In 2015, there were 754,402 Medicare beneficiaries in Oregon.
  • In 2015, 31.7 percent of Oregon’s Medicare beneficiaries had a Medigap plan.
  • Plan F is the most popular.
  • Plan N and Plan G are the second and third most popular plans.

Related Medicare Supplement Plan Topics in Oregon

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 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.

Oregon Medicare Resources:

Oregon’s Division of Financial Regulation

Switching Medigap Plans

CMS: Centers for Medicare and Medicaid Services

If you want assistance review our Medicare Supplement plans comparison chart, You can also call and talk to one of our licensed insurance agents today. We’d love to tell you about your options and help you choose and sign up for the best Medicare Supplement plan in Oregon for 2020.