NH Medicare Supplement Plans 2024: A Comprehensive Guide

Medicare Supplement Plans are designed to help fill the gaps in Original Medicare coverage, and for 2024, there are several plans to choose from. Plan F is no longer available for sale to new beneficiaries, but Plans G, N, and C are still options.

These plans can help cover out-of-pocket costs, such as copays, coinsurance, and deductibles, that Original Medicare doesn't cover. Plan G, for example, covers 100% of Medicare Part B coinsurance and copays, except for the Part B deductible.

Medicare Supplement Plans can be purchased from private insurance companies, and the cost varies depending on the plan and provider. For 2024, the cost of Plan G can range from around $140 to over $300 per month, depending on the state and insurance company.

For another approach, see: Medicare Part C vs Medigap

In New Hampshire, you can choose from up to 10 standardized Medigap plan options, including Plans A, B, C, D, F, G, K, L, M, and N.

Medicare Supplement Insurance helps pay for certain Medicare co-payments, deductibles, and other costs, making it a valuable addition to your healthcare coverage.

Medigap Plan N is a great option for those who don't visit the doctor regularly, as it has the lowest monthly premium of the top three plans but still covers essential costs like Part A deductible and coinsurance.

With Medigap Plan N, you'll cover the Medicare Part B deductible, $20-$50 copayments at the doctor and emergency room, and excess charges if applicable in your area.

You'll also get foreign travel emergency coverage, covering 80% of costs.

Medigap Plan N does have some out-of-pocket costs, such as copayments for doctor visits and emergency room care, but these can be waived if you're admitted to the hospital.

In New Hampshire, excess charges are allowed, so be sure to check with your doctors before enrolling in Medigap Plan N to see if they accept Medicare Assignment.

Here's a summary of the key benefits of Medigap Plan N in New Hampshire:

Remember, it's essential to choose a Medigap plan that fits your needs and budget, and to review the benefits and costs carefully before making a decision.

You're not getting more benefits by paying more for your New Hampshire Medicare Supplement insurance. So, don't overpay!

If you want to purchase a Plan G, shopping around with all the companies in your Zip Code can make a big difference.

The average monthly premiums for a 65-year-old non-tobacco male shopping for a Medigap Plan G can be as low as $128 from "A" rated companies.

The difference in prices can be significant, with the average highest monthly rate being $190.

Here's a breakdown of the average monthly rates for a 65-year-old non-tobacco male shopping for a Medigap Plan G:

Since the benefits are the same, the only difference from each company is PRICE!

You can enroll in a Medicare Supplement plan in New Hampshire anytime if you already have Original Medicare Part A and Part B.

The best time to enroll is during the Medigap Open Enrollment Period, starting the first month you have Medicare Part B and you’re 65 or older.

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This is a six-month period where you can enroll in a Medigap plan without undergoing medical underwriting.

During this time, insurance companies cannot deny you coverage or charge higher premiums based on pre-existing health conditions.

If you miss this window, you may need to answer underwriting questions about your health when applying for a Medigap plan.

You can also enroll during your Initial Enrollment Period, starting three months before you turn 65, and ending three months after the month you turn 65.

Insurance companies can offer state residents up to 10 standardized Medigap plan options: Plans A, B, C, D, F, G, K, L, M, and N.

You can apply for a Medicare Supplement plan through a licensed insurance agent who can answer all your questions and guide you through the process.

Our services are free, and we work with clients nationwide, so you can get the correct information to determine which Medicare Supplement plan is best for you.

Fill out a no-obligation online rate form to obtain rate estimates in your area today and take the first step towards enrolling in a Medicare Supplement plan.

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Medicare Supplement insurance plans are offered by several insurance companies in New Hampshire. There are three different pricing methods used by these companies: attained-age rated, issue-age rated, and community rated.

Aetna, Anthem Blue Cross Blue Shield (BCBS) of New Hampshire, Cigna, Humana, and United Healthcare are some of the most well-known Medicare Supplement insurance companies in New Hampshire. Each of these companies has its own strengths and weaknesses, and it's essential to research and compare them before making a decision.

A comparison of these companies' ratings from independent credit agencies like A.M. Best, S&P, and the Better Business Bureau (BBB) can provide valuable insights into their financial stability and customer service. Here is a summary of their ratings:

There are also 10 standardized Medigap plan options available to New Hampshire residents, including Plans A, B, C, D, F, G, K, L, M, and N.

To sign up for Medicare Supplement, you must have Original Medicare Parts A and B.

Each Medicare Supplement insurance plan is standardized by the federal government and named with a letter, like A, F, G, and N.

You'll pay a monthly premium that can help you control costs.

Medicare Supplement insurance plans are standardized, but insurance companies like Anthem may offer additional benefits.

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To be eligible for a Medicare Supplement plan in New Hampshire, you must meet the requirements for Original Medicare and be enrolled in Medicare Part A and B, typically by being at least 65 years old and a United States citizen for at least five years.

Some exceptions allow individuals to qualify for Medicare insurance at a younger age, such as being diagnosed with end-stage renal disease (ESRD), although Medicare coverage won't start until after a waiting period of at least four months of undergoing dialysis.

You cannot enroll in a Medigap and Medicare Advantage plan simultaneously, so you'll need to decide which plan option works best for you.

In New Hampshire, those who qualify for Medicare under the age of 65 due to a disability will have full access to enroll in Medicare Supplement plans at the same rate as those who are over 65, thanks to recent legislation in the state.

New Hampshire insurers must offer all of their Medigap policies to beneficiaries under 65 years old, but may charge higher premiums to those customers.

Your initial enrollment in Medicare Part B triggers a six-month Medigap Open Enrollment Period, during which you can enroll in a Medigap plan without undergoing medical underwriting.

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There are many insurance companies in New Hampshire that offer Medicare Supplement plans, giving you plenty of options to choose from. A few of the most well-known carriers include Aetna, Anthem Blue Cross Blue Shield (BCBS) of New Hampshire, Cigna, Humana, and United Healthcare.

Aetna has an A+ rating from the Better Business Bureau (BBB), while Blue Cross Blue Shield has a rating of F, which may raise some concerns. Cigna doesn't have a BBB rating, but it does have an A- rating from S&P. Humana has an A+ rating from the BBB, and United Healthcare also has an A+ rating from the BBB.

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You can compare these insurance companies using various ratings from independent credit agencies like A.M. Best and S&P, as well as consumer agencies like the BBB. This will give you a better idea of their financial stability and customer service.

Here's a table to help you compare the ratings of these insurance companies:

Medicare Supplement plans are standardized by the federal government and are named with a letter, like A, F, G, and N.

Insurance companies like Anthem offer these standardized plans, which can help control costs with a monthly premium.

In New Hampshire, you can choose from up to 10 standardized Medigap plan options, including Plans A, B, C, D, F, G, K, L, M, and N.

Plan N is a great option for those in New Hampshire who don't visit the doctor's office regularly, as it has the lowest monthly premium of the top three plans.

Here are the benefits of Medigap Plan N in New Hampshire:

Plan N also covers the Medicare Part B deductible, $20-$50 copayments at the doctor and emergency room, and excess charges if applicable in your area.

Medicare Supplement insurance plans use different rating methods to determine premiums. In New Hampshire, most Medigap insurers use the Attained-Age Rated method, which means premiums increase as you age.

This method is based on your current age at the time of enrollment, and premiums are typically lower initially. They gradually increase as you age, usually due to higher healthcare costs associated with aging and increased medical service utilization.

In contrast, the Issue-Age Rated method bases premiums on your age at enrollment. If you enroll as soon as you're eligible at 65, you'll typically have lower premiums that don't increase solely based on your age.

However, the premium may still rise over time due to factors like inflation. The Community Rated method ensures that all individuals enrolled in the same Medigap plan within a specific geographic location pay the same premium, regardless of their age.

The premium may increase due to external factors like inflation, but it's not directly tied to your age alone. Each carrier in New Hampshire can determine which rating method to follow.

Here are the three main rating methods used in New Hampshire:

New Hampshire is one of the states that allow Medicare excess charges.

Most states permit excess charges, and in New Hampshire, if your provider doesn't accept Medicare assignment, they may bill you for an extra fee of up to 15% for the services rendered.

Most healthcare providers accept Medicare Assignment, making excess charges relatively uncommon.