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What Are Medicare Supplement Insurance Plans in New Hampshire?
Copayments, coinsurance and deductibles are some of the coverage “gaps” which can occur for those enrolled in Medicare Parts A and B. If you’re a New Hampshire resident who is looking for coverage that can help with these types of expenses, a Medicare Supplement Insurance plan may be something to consider. Also called Medigap, these plans are provided by private insurance companies throughout New Hampshire.
New Hampshire residents have 8 Medigap or Medicare Supplement Insurance plans from which to choose. These include basic benefits in Plans A, B, D, G, K, L, M and N. Medigap Plans C, E, F, H, I and J are no longer available to newly eligible Medicare recipients but enrollees have been grandfathered into these plans.
As of 2020, Medicare Supplement plans will no longer sell Medigap Plans C or F to newly eligible Medicare members. Congress has decided that new Medigap plans will no longer be allowed to cover the Part B deductible after January 1, 2020. This will only affect Medicare Supplement Plans C and F as these are the only Medigap plans that cover the Part B deductible. Anyone enrolled in a Medigap Plan C or F as of December 31, 2019, will be grandfathered and will be able to continue to use their plan as long as they want.
New Hampshire residents looking for a Medicare Supplement Insurance plan need to first look at their specific coverage needs to determine what Medigap plan to consider.
Most Popular Medicare Supplement Insurance Plans in New Hampshire
The 8 government-approved Medicare Supplement Insurance plans protect residents in most states, including New Hampshire. Throughout New Hampshire, the insurance companies that sell Medigap plans offer the same basic benefits, however the Medicare Supplement Insurance plans may cost different prices depending upon where you live and the carrier. Each insurer in New Hampshire may not offer each of the available Medigap plans.
As reported by AHIP, among those who selected a Medigap policy, nearly one-half (47.3%) choose Plan F, 23.9% choose Plan N and 12.8% choose Plan J. Below is the breakdown of the number of New Hampshire enrollees by Medigap plan type.
Source: AHIP. Reflects data through December 31, 2017.
Source: AHIP. Reflects data through December 31, 2017.
While a Medigap policy will help pay for things like copayments, coinsurance and deductibles not covered by Medicare Parts A and B, it is important to note that your New Hampshire Medicare Supplement Insurance plan will not cover benefits for prescription drugs. However, you can buy an additional Medicare Prescription Drug plan to help you with prescription drug costs or consider a Medicare Advantage plan, which typically includes prescription drug coverage and may also include other benefits, such as dental, vision, hearing and gym memberships.
Learn more about your Medicare Supplement Insurance plan options in New Hampshire by working with a SelectQuote licensed sales agent. Acting as your advocate, our licensed sales agents can guide you through the Medicare maze to better understand Medigap plan options and answer any questions you may have throughout the process. SelectQuote individually shops more than 20 national insurance companies to help you compare Medicare plans in New Hampshire.
New Hampshire residents cannot be enrolled in a Medicare Supplement (Medigap) Insurance plan and a Medicare Advantage plan at the same time. A Medigap plan can also not be used to pay for any expenses for a Medicare Advantage plan.
When is the New Hampshire Medicare Supplement Plan Enrollment Period?
Initial enrollment timeframes are very important. Enrollment for New Hampshire Medicare Supplement Insurance plans begins the first day of the month you turn at least 65 years old. You also must be enrolled in both Medicare Parts A and B in order to get a Medigap plan.
New Hampshire residents have a six-month period surrounding their birth month to buy a Medicare Supplement Insurance plan. New Hampshire residents under the age of 65 can check with the Social Security Administration office for additional enrollment periods.
The best time to enroll in a Medicare Supplement Insurance plan is during the initial 6 months you are eligible for Medicare. You might be surprised to hear that enrollment can begin as early as 64 and 6 months. During this important six-month period, companies that offer Medicare Supplement Insurance plans cannot use underwriting. If you apply for Medicare Supplement Insurance outside of this timeframe, you will be subject to a physical exam. If you apply for Medigap coverage after the first six months of eligibility, a company can refuse to sell you a plan or premiums may also adjust depending on current health status and pre-existing health conditions.
Is a New Hampshire Medicare Supplement Insurance Plan Right for You?
SelectQuote is an independent third-party company who is prepared to assist you with the journey through the Medicare maze. This includes ensuring you receive all the available Medicare benefits you deserve. Our licensed sales agents can also help you stay current with annual updates to Medicare plans. As a trusted Medicare specialist, SelectQuote is here to help you find the right New Hampshire Medicare Supplement Insurance plan to meet your needs.
To ensure you are getting all the benefits you are entitled to receive, call or complete your online form today. Let SelectQuote’s personal licensed sales agents simplify the Medicare maze by comparing rates and independently shopping insurance companies to help you find an affordable option that meets your unique needs.