In Newark, New Jersey, 202,059 Medicare beneficiaries have either an Original Medicare plan or a Medicare Advantage plan. Of those enrollees, 45.68 %, or 92,297, are enrolled in a Medicare Advantage plan, leaving 109,762 enrolled in the Original Medicare plan. We will discuss the Medicare plans for Newark, New Jersey residents.
Medicare plans in Newark, New Jersey
With a supplemental insurance plan, beneficiaries can enjoy the benefits not otherwise provided by their Original Medicare in New Jersey. They can enroll in either Medigap or Medicare Advantage plans to supplement their Medicare. In Newark, the beneficiaries are 42.97 % male, with an average age of 73.
Medicare Advantage plans
There are 92,297 enrollees of a Medicare Advantage plan in Newark, New Jersey. Newark, located in Essex County, has 36 New Jersey Medicare Advantage plans available to residents. The vast array of plans lets residents choose from diverse programs to best suit their needs.
Pay attention to each plan’s monthly premium (how much you’ll have to pay per month) and star rating (a 1-5 scale, with one being the lowest and five being the highest). These can give you an idea of what to expect from each plan so you can choose the best option.
Aetna (HMO) is a Medicare Advantage plan with a 4-star rating. A program with Aetna has a zero-dollar monthly premium and a maximum out-of-pocket (MOOP) of $7,550.
A supplemental plan with Humana (HMO) has a 4-star rating and a zero-dollar monthly premium. This Medicare Advantage plan has a (MOOP) of $6,500. Humana is a popular plan due to its accessibility across the United States.
Braven Health (HMO) has no monthly premium and an unknown star rating. It has a MOOP of $6,500.
Aetna (HMO) has a MOOP of $7,550 and a zero-dollar monthly premium. Additionally, it’s a 4-star rated plan. Local PPOs usually have a higher copay than an HMO plan.
The average cost of Medicare Advantage plans in Newark, New Jersey
| PLAN | PREMIUM | MOOP | Plan Type | Star Rating |
| Aetna | $0 | $7,550 | HMO | 4 |
| Wellcare | $0 | $7,550 | HMO-POS | 3 |
| Braven Health | $0 | $6,500 | HMO | N/A |
| Humana | $0 | $6,500 | HMO | 4 |
| Amerigroup | $0 | $7,550 | LOCAL PPO | N/A |
Medicare Supplement plans
Medigap plans are advantageous for members because they provide extra coverage for gaps in their Medicare coverage. The main distinction between the plans offered is the monthly premium, which can range considerably.
Plan G is a popular New Jersey Medigap plan with a monthly premium ranging from $143.69 to $394.92. This plan has high premiums but no monthly deductible.
Medigap High-Deductible Plan G (HDG) is another popular plan due to its low monthly premiums, ranging from $51.56 to $70.26. This plan also comes with a monthly deductible.
Another monthly deductible plan is High-Deductible Plan F (HDF). This plan ranges from $52.23 to $70.56 in monthly premiums.
The average cost of Medicare Supplement plans in Newark, New Jersey
| LETTER PLAN | LOWEST PREMIUM | HIGHEST PREMIUM |
| PLAN A | $125.40 | $272.56 |
| PLAN B | $156.44 | $340.37 |
| PLAN C | $180.93 | $493.31 |
| PLAN D | $143.68 | $335.01 |
| PLAN F | $173.43 | $405.62 |
| PLAN HDF | $52.23 | $70.56 |
| PLAN G | $143.69 | $394.92 |
| PLAN HDG | $51.56 | $70.26 |
| PLAN K | $62.16 | $130.37 |
| PLAN L | $90.33 | $194.14 |
| PLAN M | $109.69 | $229.16 |
| PLAN N | $113.62 | $303.19 |
Medicare Part D prescription drug plans
Medigap plans don’t cover the cost of prescriptions. A Medicare Part D plan covers the cost of medications in New Jersey for Medicare beneficiaries.
A plan with Aetna has the lowest premium for Medicare enrollees in Newark, New Jersey, at $7. Aetna has a 3-star rating and a deductible of $480.
Horizon BCBS has the highest premium of $28.50. It has the lowest deductible of $400 and a 3-star rating.
Humana has a 4-star rating and a deductible of $480. The monthly premium for a plan with Humana is $22.70.
The average cost of Medicare Part D plans in Newark, New Jersey
| PLAN | PREMIUM | DEDUCTIBLE | STAR RATING |
| Aetna | $7.00 | $480 | 3 |
| Wellcare | $12.90 | $480 | 3 |
| Clear Spring | $18.70 | $480 | 2 |
| Humana | $22.70 | $480 | 4 |
| Horizon BCBS | $28.50 | $400 | 3 |
Special Needs plans
Medicare Special Needs Plans (SNPs) are available for those who require further coverage due to a chronic disability or other special needs. This program isn’t available in all locations.
Beneficiaries looking for an SNP can choose Amerigroup (HMO), featuring dual-eligibility, zero-dollar premium, and a MOOP rate of $6,700.
Another SNP is Horizon BCBS (HMO), which has dual eligibility, a zero-dollar premium, and a MOOP rate of $6,700.
Lastly, Wellcare has a zero-dollar premium, dual eligibility, and a MOOP rate of $3,450.
The average cost of Medicare Special Needs plans in Newark, New Jersey
| PLAN | PREMIUM | MOOP | Plan Type | Eligibility |
| Aetna | $0 | $7,550 | HMO | Dual |
| Amerigroup | $0 | $6,700 | HMO | Dual |
| Wellcare | $0 | $3,450 | HMO | Dual |
| Horizon BCBS | $0 | $6,700 | HMO | Dual |
| $0 | $7,550 | HMO | Dual |
How to sign up for Medicare plans in Newark
If you’re ready to get additional coverage for your Medicare plan in Newark, New Jersey, we can help you choose the best plan for your needs. Signing up for a Supplemental Medicare plan is simple.
Our knowledgeable insurance agents will assist you in selecting a Medicare plan in Newark, New Jersey, with your health needs and budget in mind.
Contact us via the phone number on our website or our online rate form today to get hooked up with the best rates in your area.
