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Best Medicare Supplement Plans in Rhode Island 2020 – Comparison Chart

Once you’re enrolled in Medicare Part A and Part B, you have the option of enhancing your Medicare coverage by signing up for the best Medicare Supplement plan in Rhode Island for 2020. These plans are often referred to as Medigap policies because they cover the “gaps” or out-of-pocket expenses for healthcare that are left after Original Medicare is billed. This may include deductibles, co-pays and coinsurance charges. Medicare Supplement policies may also include overseas emergency health coverage.

Selecting the best Medicare Supplement plan in Rhode Island for your individual needs isn’t always easy. This information will keep you informed, allowing to understand the Medicare Supplement plans in Rhode Island in greater depth. This information should make it easier to compare rates and select the best Medicare Supplement plan for you.

How Are Rates Calculated for Medicare Supplement Plans in Rhode Island for 2020?

Factors that may impact the monthly premium rates that you’re quoted for the best Medicare Supplement plans in Rhode Island for 2020, including:

  • Age
  • Gender
  • Zipcode
  • Smoking habits

The extent to which your age impacts your premium depends on the method used by your insurance company to generate rates for each Original Medicare beneficiary. There are three options available to insurance carriers offering Medicare Supplement plans in Rhode Island:

  • Attained Age

    Your current age influences your current rate. As you get older, you can expect your Medigap plan to become more expensive.

  • Issue Age

    Your age at the time of enrollment always impacts your rate. You don’t receive incremental increases in your premium due to your advancing age.

  • Community

    All enrollees receive the same rate regardless of age. Rates still vary between each Medicare Supplement plan.

Attained-age Medigap policies are the most common in Rhode Island. It’s sometimes difficult to find plans that use community rating. You may receive additional discounts for paying in advance, allowing automatic bank withdraws or meeting other qualifications specified by your chosen insurance company. This is why it’s so important to compare rates for each Medicare Supplement plan in Rhode Island for 2020.

Medicare Supplement Plan Comparison Chart in Rhode Island for 2020

There are currently 10 Medigap plans available to Rhode Island Medicare beneficiaries. Plan F comes with a high-deductible option, and that is often counted as an 11th option. Each of these plans is designated by a letter, A-N, and each plan is standardized by the federal government. This means that all plans with the same letter will offer the same benefits regardless of your chosen insurance company.

Not all insurance companies will offer every Medicare Supplement plan in Rhode Island. Depending on which plan you select, you may have limitations on the number of carriers offering that plan.

Medicare Supplement Plan F, Medicare Supplement Plan G and Medicare Supplement Plan N are often considered the best Medicare Supplement plans in Rhode Island for 2020. Compare them here using our Medicare Supplement plans comparison chart.

Please note: Medigap Plan F in Rhode Island 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.

Do Medicare Supplement Plans in Rhode Island Cover Prescription Drugs?

Medigap plan premiums do not include coverage for prescription drugs, even with the best Medicare Supplement plans in Rhode Island. Once you’re enrolled in Medicare Part A and Medicare Part B, you have the option of enrolling in Medicare Part D. This is the Medicare part designated for prescription drug expenses, and it comes with a separate premium from your Medicare Supplement plan.

You can compare rates for your Medicare prescription drug plan just as you compare Medigap rates. The benefits offered can vary from one insurance company to insurance agency, but every Medicare beneficiary is guaranteed a policy upon application.

Medicare Supplement Plans in Rhode Island: When Can I Enroll?

You can apply for the best Medicare Supplement plan in Rhode Island anytime after you enroll in Medicare Part B, but you will have to go through underwriting and answer questions regarding your medical history if you don’t apply during the initial enrollment period or a special enrollment period. Outside of these enrollment periods, the insurance company can increase your rate based on your medical history, or they can decline your application for coverage.

Your initial Medigap open enrollment period starts on the first day of the month in which you turn 65. It stays open for six months, and you’re guaranteed enrollment without answering any medical questions during that period. As long as premiums are paid on time, insurance companies cannot cancel Medicare Supplement plans at any time if they were secured during the initial enrollment period. To keep out-of-pocket costs for your monthly premiums low — regardless of if you sign up for Medigap Plan A, Medigap Plan C, or any other plan for 2020 — then you should sign up during this period if you can.

Can I Use My Rhode Island Medicare Supplement Plan In Other States?

One of the biggest benefits of enrolling in one of the best Medicare Supplement plans in Rhode Island is the freedom to choose your medical professionals regardless of where they practice. While your zip code does impact your premium and you may experience a rate change if you move to a new state, you can see any doctor that accepts Medicare regardless of zip codes or state boundaries.

This is very different from the Advantage plan options that are out there. Many Advantage plans from companies like Blue Cross Blue Shield, Aetna and UnitedHealthcare are HMO or PPO plans. These plans have network restrictions that Medicare Supplemental plans do not. Keep this in mind when deciding whether or not a Supplemental plan is right for you.

Medicare Supplement Plans in Rhode Island: Enrollment Statistics

Before you start shopping for the best Medicare Supplement plans in Rhode Island for 2020, you might want to learn a little more about Medicare and Medicare plans in your area. These are some interesting facts about Medicare and Medicare Supplement insurance in your state:

  • The five largest counties in Rhode Island include Providence County, Kent County, Washington County, Newport County and Bristol County.
  • In 2015, there were more than 200,000 Medicare beneficiaries in Rhode Island. This means approximately 19 percent of the state’s population was enrolled in Original Medicare. This number was reduced to fewer than 120,000 beneficiaries in 2017.
  • In 2015, more than 45,000 Rhode Island Medicare beneficiaries were also enrolled in Medigap policies.
  • With more than 14,000 enrollees, Medigap Plan F was the most popular policy for Rhode Island beneficiaries in 2015.

Related Medicare Supplement Plan Topics in Rhode Island

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.

Rhode Island Medicare Resources:

If you’re looking for more information about the Medicare program and the different Medicare Supplement insurance plans that are available for you, check out these resources:

Even after checking out the resources above and using our Medicare Supplement plans comparison chart, you might still have questions about the best Medicare Supplement plans in Rhode Island. You could also be curious about Medicare Advantage Plans (Medicare Part C), Medicare Part D prescription drug plans and more. Our licensed insurance agents are here to give you more information about Medicare and your options for 2020 health plans and prescription drug coverage, so give us a call today!