Speak to a Licensed Insurance Agent
M-F 8am-7pm CT
What Are the Choices for a Medicare Supplement Insurance Plan in Utah?
Utah is known as a 4-corner state where the borders of Colorado, New Mexico, Arizona and Utah meet at four corners. If you are a Utah resident who is new to Medicare Insurance, you might be wondering about the best way to “square up” when it comes to Medicare Insurance. One of the things that’s important to know is that Medicare Parts A and B can have some “gaps” in coverage. Residents of Utah who are looking for a way to plan for these “gaps” should consider a Medicare Supplement Insurance plan. Also called Medigap, Medicare Supplement Insurance plans are a means to handle some of the out-of-pocket costs, such as copayments, coinsurance and deductibles. A Medicare Supplement plan works alongside Original Medicare and are made available to Utah residents from private insurance companies throughout the state.
As of 2020, Medicare Supplement Insurance 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.
Utah residents looking for a Medicare Supplement Insurance plan need to first look at their specific coverage needs to determine what Medigap plan they should consider.
Most Popular Medicare Supplement Plans in Utah
The government-approved Medicare Supplement Insurance plans protect residents in most states, including Utah. See below for a view of the most popular Medigap options selected by Utah residents. Throughout the state of Utah, insurance companies which sell Medigap plans offer the same basic benefits. However, there may be different prices depending on where you live and the insurance carrier. In addition, each insurer in Utah may not offer each of the Medigap plans.
As reported by AHIP, 85,868 Utah beneficiaries enrolled in a Medigap policy in 2019. Below is the breakdown of the number of Utah enrollees by Medigap plan type.
Source: AHIP. Reflects data through December, 2019.
Source: AHIP. Reflects data through December, 2019.
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 Utah Medicare Supplement Insurance plan does not include coverage for prescription drugs. However, you can buy an additional Medicare Prescription Drug plan to help you with prescription drug cost. Another option to consider is a Medicare Advantage plan, which typically includes coverage for prescription drugs and may also include coverage for other benefits, such as dental, vision, hearing and gym memberships.
Learn more about your Medicare Supplement Insurance plan options in Utah 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 your 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 Utah.
Utah 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.
Utah Medicare Supplement Plan Enrollment Period
Initial enrollment timeframes are very important. Enrollment for Utah Medicare Supplement Insurance plans begins the first day of the month you turn 65 years old. You also must be enrolled in both Medicare Parts A and B in order to get a Medigap plan.
Utah residents have a six-month period surrounding their birth month to buy a Medicare Supplement Insurance plan. Utah 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 are you 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 Utah Medicare Supplement Insurance Plan Right for You?
There’s no need to navigate the Medicare journey on your own. As an independent third-party company specialized in helping consumers understand Medicare, SelectQuote is here to help you avoid the Medicare maze and to ensure you receive the available benefits you deserve. Our licensed sales agents can also inform you about the annual updates made to Medicare plans by insurance companies. As a trusted Medicare specialist, SelectQuote can help you find the right Medicare Supplement plan to meet your needs and budget.
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.