There are ten Medigap plans you can choose from in New York. Medigap plans protect you from unpredictable and high out-of-pocket expenses when receiving medical services. Choosing a Medicare Supplement plan allows peace of mind and predictable medical costs.
Choosing the correct Medigap for your needs is essential. We’ll show the average cost for each letter plan in New York, how many Medicare beneficiaries are there, the top Medicare Supplement carriers in New York, and the most popular programs.
New York Medigap enrollment per letter plan
There are 481,178 New York Medicare beneficiaries in Medigap plans, and this means about 21.2% of the Medicare population of New York enrolled in Medicare Supplements.
| Plan | A | B | C | D | F | G | K | L | M | N |
| Enrollees | 13,019 | 19, 353 | 23,550 | 1,236 | 54,742 | 21,243 | 8,534 | 3,217 | 7 | 106,874 |
Most popular Medigap plans in New York
Plans C, F, and N are the most popular Medigap plans in New York. Beneficiaries who became eligible after January 1, 2020, can’t enroll in Plan C or Plan F.
Since new beneficiaries can’t enroll in Plans C or F, expect Plan G to become a top-3 plan for New York’s Medicare enrollees. Due to the change, enrollments will likely increase for Plan G and Plan N over the next few years.
Medigap coverage chart in New York
The same coverage is available from state to state because the federal government standardizes Medicare Supplement benefits. Medigap plans have the same coverage no matter the state you reside. Wisconsin, Minnesota, and Massachusetts are the only states that don’t use the standard Medigap rules.
Medigap costs in New York
Various factors affect the different costs of Medicare Supplement plans. Health, age, and the area you live in have the most significant impact on your plan premiums.
Enrolling during your one-time six-month Medigap Open Enrollment Period will give you the ability to choose any plan with any carrier. Enrolling during open enrollment allows you to select any plan without medical underwriting. Medigap open enrollment is a one-time enrollment specific to the beneficiary. An ongoing Open Enrollment is available to all state residents in New York.
What’s the average cost for a Medicare Supplement plan in New York?
New York Medigap plan premiums will vary due to a few factors. The monthly premium range from $86 to $390.
Lowest Medicare Supplement premiums in New York by letter plan
| Plan | A | B | C | D | F | G | K | L | M | N |
| Premium | $177 | $239 | $330 | $391 | $318 | $278 | $86 | $181 | $447 | $206 |
Top Medicare Supplement carriers in New York
Based on a 65-year-old female in New York, you can see an example of Medigap rates for New Yorkers. In New York, Medicare Supplement carriers use community age rating methods.
| Carriers | Plan F | Plan G | Plan N |
| – Insurance Company Of New York | $318 | $279 | $210 |
| Empire Healthchoice Assur Inc (Anthem Blue Cross Blue Shield) | $336 | $290 | $206 |
| Globe Life Insurance Company Of New York | $374 | $348 | $259 |
| Humana Insurance Company Of New York | $447 | $399 | $282 |
| Mutual Of Omaha Insurance Company | $514 | $476 | N/A |
What is Medicare Supplement plan in New York best for me?
Finding the right Medigap plan for you can be challenging since everyone’s needs differ. At the same time, all Medigap plans have the same coverage, and Medigap providers vary on customer service, claims payment, and other factors necessary to beneficiaries. We can help you choose a suitable carrier to meet all your needs.
It’s essential to consider your present and future healthcare needs. To make your selection more appealing to the unknown, it’s necessary to look at your current medical conditions and feel things like family history.
While the price is essential, you don’t want to overpay for the same coverage. For the best experience, consider well-known and financially stable companies. If you look into all the variables, you will usually have a carrier that provides excellent customer service.
Cities in New York with estimated premiums for Medicare Supplement coverage
There are charts with estimated premiums for Medicare Supplement coverage for the below cities:
FAQs
Are Medicare Supplement plans expensive in New York?
Yes! New York has some of the highest-cost Medigap plans compared to other states.
What’s the average cost for a Medigap Plan in New York?
In New York, the average cost for a Medicare supplements plan will vary according to the plan letter:
- Plan F is about $378
- Plan G is around $359
- Plan N averages $240
What’s the most popular Medigap plan in New York?
Plan N is the most popular Medicare Supplement in New York.
How to get help signing up for Medigap in New York
We pride ourselves on making the process quick and easy to compare and even help guide you through enrollment. We also work with most Medicare Supplement insurance companies, so you can find a company’s plan that fits your specific needs.
Our licensed agents specialize in Medicare; services don’t cost you a dime. We’ll educate you on Medicare and your coverage options and answer any questions.
Complete our rate form, or give us a call to have one of our agents assist you and connect you with the best rates in your area.
