UnitedHealthcare Medicare Supplement Review
Many folks have heard of UnitedHealth Care and may have even had an insurance plan through them at some point. UHC is very popular among seniors for their Medicare insurance. I will be reviewing Medicare supplement plans insured by UHC in detail.
For free quotes call us directly at (800) 208-4974.
Why Are UnitedHealthcare Medicare Plans So Popular?
As many of you know UHC is very popular. UHC does a very good job with their marketing and branding campaigns.
UHC is a major health insurance company that is publicly traded under the stock symbol UNH.
Folks get the following when they buy a Medicare supplement plan from UnitedHealthcare:
- Silver Sneakers benefits (where available)
- Household discount (when applicable)
- Vision discounts through Eyemed (where available)
- Other great discounts and benefits
- Guaranteed renewable coverage for life
- Portable coverage – can see ANY doctor that accepts Medicare
UHC Medicare Supplement Plans and Rates
UHC currently (March 2018) offers plans F, G and N (also other not so popular plans such as A and K). They have announced they will start offering Plan G only July 1st, 2017 in several states (see below).
Thier rates vary by state and can range from competitive in price to not competitive at all or just plain overpriced. It is important to understand what other carriers are charging before you enroll in a plan.
We work with UHC and many other carriers. Call us at (800) 208-4974 for a free quote comparison today!
But Aren’t UHC Plans “Community-Rated”?
In most states, UHC Medicare Supplement plans are community-rated. In some states like Florida, they are “issue age.”
In situations where they are community rated, it is important to understand what “community rated” means. Community-rated is when the rate is the same for everyone in a specific area, regardless of age. The rates will only increase when the carrier increases everyone’s rates at the same time.
The downside with a community rated plan from UHC is that you will have an “early enrollment” discount that will dimish each year, causing the rate to increase every year. In addition, you may have an “inflation” increase or adjustment each year.
The rate may not increase due to age on a community-rated plan but the rate will probably increase similar to an age-attained policy or issue-age due to the diminishing “early enrollment discount.”
UnitedHealthcare Medicare Supplement Plan G
Yes, UHC has announced they will start offering a Medigap Plan G in several states starting on July 1st, 2017.
In many states the popular “Silver Sneakers” benefit will come with the Plan G. This plan is identical to Plan F, except the only benefit that is not covered the Part B deductible of $185 in 2019.
Other than the Part B deductible, Plans F and G are the same. Plan G, however, is much cheaper per month than Plan F.
The premium savings between G and F is almost always more than the Part B deductible plus some. So you end up coming out ahead going with the G plan. In addition, Plan G offers more rate stability, in the long-run.
To get a free quote call us directly at (800) 208-4974.
States Where Plan G Is Available
The list below includes some of the states where Plan G is available.
- New Jersey
- North Carolina
- New Hampshire
- New Mexico
- North Dakota
- South Carolina
- West Virgina
How Much Does Plan G Cost With UHC?
The Plan G appears it will be competitive in many states. At the time of writing this, we have reviewed rates for CA and NJ. Here are some sample rates for a 65-year-old non-smoker:
Plan F: $152 per month
Plan G: $130 per month
Plan F: $160 per month
Plan G: $138 per month
To get up-to-date competitive rates for your area give us a call at: (800) 208-4974
Our Professional Opinion
A Medigap plan with UHC can be the right option for you. If they are competitive in your area then it would make sense to buy a Medigap plan insured by them. In some states where “Silver Sneakers” is available, UHC can be a great option for the free gym benefits. It is important, however to compare all of your options as there may be better choices. If you are considering a Medigap plan with UnitedHealthcare then allow us to provide you with a free quote comparison. Call us today, we are happy to help. (800) 208-4974