Medicare Supplement Plans in Oregon
Medicare Supplement Insurance in Oregon, also known as Medigap, is supplemental insurance that helps to fill the gaps that Original Medicare (Part A and Part B) cannot. This policy is important to have because it helps with medical expenses and supplies related to healthcare.
A Medigap insurance plan will help pay the following in Oregon:
Medicare Supplement Plan F
Medicare Plan F has the most comprehensive benefit level in Oregon as long as a beneficiary has joined Medicare before 1/1/20. Plan F includes both Medicare Part A deductible and Medicare Part B deductible.
Medicare Supplement Plan G
The Medigap Plan in Oregon to have is Plan G. It has the most comprehensive coverage for a beneficiary who starts Medicare after the effective date of 1/1/20, no matter pre-existing conditions. When compared to Plan F, this plan has better cost savings.
Medicare Supplement Plan N
Medicare Plan N is great for those who are ok with giving up some benefits in order to save on their monthly premium. For example, you may have a $20 copay for a doctor visit, but if you do not visit the doctor often, then this cost would not concern you.
High Deductible Medicare Plan F
The high deductible Plan F is just like the original plan. Once the annual deductible of $2,490 is met, the coverage will start. This version of Plan F is more affordable than the regular Plan F.
High Deductible Medicare Plan G
High Deductible Plan G requires the annual deductible of $2,490 to be met prior to coverage starting also. Plan G with the Higher Deductible is just like the original Plan G, but the monthly premiums are cheaper for a beneficiary.
Medicare Supplement Insurance cost in Oregon
The average cost will depend on the insurer because their pricing will be based on:
– Community ratings
– Issue Age
– Attained Age
Community rating is priced for beneficiaries of all ages. In contrast, issue age is based on the age at purchasing, and premiums for attained age will increase as the Medicare beneficiary ages.
|Plan Type||Premium Range|
|Plan G||$130.23 - $220.33|
|Plan N||$105.22 - $184.09|
When can I apply for a Medicare Supplement plan?
Within the 6 month Medigap Open Enrollment period will be the best time to gain Medicare benefits. During this period, pricing and options from a Medicare insurance company are better.
For age specifics, see below.
– Age 65 or older: Enrollment begins when you have Part B. It can’t be changed or repeated.
– Turning 65: On the first day of the month of your birthday, the six-month period to enroll begins. Enrollment in Part B will be needed.
– Under 65: Enrollment may not be possible. If you have a disease or syndrome, you will qualify for Medicare under the age of 65; if not, some states do require Medigap insurance companies to sell policies. These plans do generally cost more.
If you are receiving Social Security, the SSA will automatically sign you up and handle your enrollment for Medicare Part A and Medicare Part B at the age of 65. The Federal Medicare Program is operated by the federal Centers for Medicare & Medicaid Services.
Note: You have guaranteed issue rights, so an insurance company can’t refuse to sell you a Medigap policy if the following happens:
- A Medicare Advantage Plan leaves Medicare or stops providing in your area
- You move out of the plan’s service area
- The company drops your plan
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.
Oregon State Links
- 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.
- There are 10 Medicare Supplement Plans in Oregon to choose from.
- In Oregon, Medicare Supplement Plan G is the most popular plan for 2022.