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Best Medicare Supplement Insurance Plans in Florida

Medicare Supplement plans in Florida are designed to help Florida seniors get more out of their Medicare benefits. If you’re a Medicare beneficiary, then it’s smart to look into Medicare Supplement plans in Florida.

Overview of The Best Medicare Supplement Plans in Florida

Medicare Supplement plans in Florida work with Original Medicare to provide you with additional benefits. If you choose to sign up for one of the Medigap plans in Florida, you’ll still be covered by the standard Medicare benefits. Then, you’ll have supplemental coverage from your Medigap company and plan.

After you have enrolled in Medicare Part A and Part B — or even in the months leading up to your enrollment — you can start looking for the best Medicare Supplement plan in Florida from the best Medicare insurance company.

The benefits that you’ll be able to enjoy will vary based off of the plan that you choose. These are some of the benefits that are included in some Medicare Supplement plans in Florida:

  • Skilled Nursing Facility
  • Home Health Care
  • Medicare Part A and Part B deductibles
  • Original Medicare’s coinsurances and copayments
  • Part B Excess Charges
  • Foreign Travel

Just know that unlike with Medicare Advantage, Medicare Part D Drug Plans are not included. Instead, you should sign up for a Prescription Drug Plan separately.

Also, since Supplements are designed to help with healthcare costs, life insurance is not included in any of these plans. If you’d like to have life insurance coverage, though, you can shop around for your best options.

Medicare Supplement Plans in Florida: Enrollment Statistics

Rates for the best Medicare Supplement insurance plans in Florida vary from company to company and plan to plan. Rates may be more competitive in these top five counties in Florida:

  • Palm Beach County
  • Brevard County
  • Collier County
  • Pinellas County
  • Broward County

If you’d like more information about beneficiaries of Medicare and Medigap plans in Florida, check out these stats:

  • According to the Centers for Medicare and Medicaid Services (CMS), more than 2.4 million people in Florida were enrolled in Medicare Part A and Part B in 2017.
  • More than 787,000 of these Medicare beneficiaries were enrolled in Medicare Supplement insurance plans in Florida in 2015.
  • Many have found that Plan F is the best Medicare Supplement plan in Florida for their needs since this is the most popular plan in the Sunshine State.

How Many Medicare Supplement Plans are Available in Florida?

Ten different Medicare Supplement insurance plans are offered in Florida and in most states for those who are enrolled in Medicare Part A and Medicare Part B. These choices include Medicare Plan F, Medicare Plan G, and Medicare Plan N.

Medicare Supplement Plans in Florida: When Can I Enroll?

The Medigap Open Enrollment Period is a type of Initial Enrollment Period designed just for those who have just signed up for Medicare Part A and Part B. This is a six-month period, and it’s ideal to shop for your health plan during this time.

If you sign up for a Supplemental health insurance option during this time, you don’t have to worry about getting turned down for a plan because of medical underwriting, and you may be able to find the best rates for monthly premiums.

Unlike with Medicare Advantage, you can sign up for Medigap policies at any time, although your rates for premiums and options could be affected.

Medicare Supplement Plan F in Florida Covers:

Considered by many to be the best Medicare Supplement plan in Florida, Plan F is a popular choice. Of all of the different Medicare Supplement insurance plans in Florida, this one offers the most comprehensive coverage.

You don’t have to compare Medigap plan F from insurance company to insurance company. This is because every insurance company has to offer the same benefits for each plan. However, you should compare rates for these Medigap plans in Florida to ensure you’re paying the best price.

You can save on out-of-pocket costs with Florida Medigap plan F in these ways:

  • Part A hospital coinsurance
  • Hospital costs up to 365 days after benefits through Original Medicare are exhausted
  • Part A hospice care copays or coinsurance
  • Part A deductible
  • Part B deductible
  • Part B preventive office visit coinsurance
  • Part B coinsurance or copays
  • Excess charges for Medicare Part B
  • First three pints of blood needed for a medical procedure
  • Coinsurance for care in a skilled nursing facility
  • Limited foreign travel emergency care

Medicare Supplement Plan G in Florida Covers:

Medigap Plan G in Florida is another popular Medigap option for you to consider. It covers almost everything that Plan F covers, except for the Part B deductible. It often has cheaper monthly premiums, too.

  • Does NOT cover Medicare Part B deductible

Medicare Supplement Plan N in Florida Covers:

As an affordable option that requires some cost-sharing, consider Medigap Plan N in Florida:

  • Does NOT cover Part B Deductible
  • Does NOT cover Excess Charges for Part B
  • Requires $20 copay for office visits
  • Requires $50 copay for Emergency room visits

Medicare Advantage Plans vs. Medicare Supplement Plans in Florida:

  • Medicare Supplement plans in Florida work with the two parts of original Medicare to enhance it.
  • Medicare Advantage replaces original Medicare with another policy.
  • Both MA and Medigap plan members are still beneficiaries and are protected by strict federal and state laws.

Florida Blue is one of the top rated insurers in the state, and they provide both MA and Medicare Supplement Insurance plans in Florida. This company uses to be called Blue Cross and Blue Shield of Florida, and they are part of the national Blue Cross and Blue Shield system. This system evolved from the oldest health insurance company in the United States.

Instead of paying premiums for a Medicare Supplement plan in Florida, some seniors may choose to enroll in $0 additional premium HMOs or modestly priced PPOs. With HMOs, most medical services need to come from network providers. Even with these, however, hidden costs for in-network services will encourage most members to use plan doctors more often than not. You have to pay more for out-of-network providers even if the services still get covered.

Florida Medicare Resources

The Medicare resources below can help you learn more about Medicare Parts A and B and any Medicare programs that you might be eligible for. Check them out to see if you can get help with your health care costs!

If you have decided that a Florida Medigap is right for you, we want to help you shop for the best plan. One of our licensed insurance agents can talk to you about your insurance policy plan options for Medigap insurance and can help you get signed up. We’ll also be happy to talk to you about Medicare Advantage plans (such as an HMO that includes prescription drug coverage) if you think it might be a better fit for you. Give us a call so that we can help you out today!