Medicare Supplement Plans in Oklahoma

If you are on Medicare, you’re probably already aware that Original Medicare doesn’t cover all of your medical costs. If you’re new to Medicare, you may be surprised to find that, even if you have Original Medicare, you are still responsible for copayments, coinsurance, deductibles, and other health care costs. Not to worry, though. There are Medicare supplement plans, also known as Medigap plans, which can cover costs that Original Medicare Part A and Part B do not.

Here are a few things you should know about Medicare supplement insurance plans.

• You are only eligible for Medicare supplement plans if you have Medicare Part A and Part B.
• Medicare supplement plans have a monthly premium you must pay. This is in addition to the premium you pay for Medicare Part B.
• These supplemental insurance plans only cover one individual. If you are married, you and your spouse will each need your policy.

Medigap Rates in Oklahoma

There are several different types of Medicare supplement plans available in Oklahoma, with the most popular being the Plan F, G, and N programs. Plan F is the most comprehensive. Plan G is a close second, followed by Plan N. In addition to covering many of the copayments and coinsurance costs not covered by Medicare, these plans also offer coverage for foreign travel emergencies, up to individual plan limits.

There are numerous companies that offer these programs. If the policy is designated as Plan F, it is identical to all other Plan F Medicare supplement plans in terms of coverage. However, different insurance companies may charge different rates, even for the same plan. For this reason, it’s critical to shop around to get the best Medicare supplement plan price.

Rates vary based on several different factors. The plans also vary depending on the company offering the plan. Some of these factors include the age of the client, their gender, and the part of Oklahoma they live in (i.e., their zip code). Generally speaking, the rates for the most popular plans, F, N, and G, range from around $75 to $125. Plan F costs slightly more than Plan G. Plan N is the least expensive. Many people opt for Plan G, as it generally offers the best cost-benefit ratio.

How to Compare Plans

As we’ve mentioned above, the only difference between a Plan G supplemental insurance policy at one company versus a Plan G supplemental insurance policy at a different company is the price. So, it’s imperative to compare prices at various providers.  There are a few different ways to do this, and Bluewave Insurance Services can help!

• You can use our online quote form, to compare rates based on your zip code, between top-rated carriers.
• You can also call us directly at 1-800-208-4974 to receive a free, no-obligation quote comparison in your region.

Don’t pay too much for your healthcare. We can help you find the right Medicare supplemental insurance policy for your needs.