More Plan Options
The average New York senior compares three or more plan options before making an enrollment decision.
New York Medigap Plans: What's the Difference?
Most seniors agree: Original Medicare, combined with one of the top 3 New York Medigap plans, offers the very best health care coverage seniors can get. But, which Medicare supplement is right for you?
The answer to that question is complex. What's best for you is very different than what's best for your spouse or your neighbor. It all comes down to your finances (what you can afford) and your health (how much risk you can take). At MedicareWire, we believe most seniors can narrow their search to three plans: F, G, and N. Read on and we'll explain why.
Top 10 Medicare Supplement Plans in New York
Looking for the best Plan F, G, or N available to New York seniors?
- 10 Best Medicare Supplement Plan F
- 10 Best Medicare Supplement Plan G
- 10 Best Medicare Supplement Plan N
Looking for a different plan? Compare all Medicare supplement plans here. You can also write a Medicare supplement review and let others know about a good or bad experience with a particular carrier. You can also find a Medicare Advantage plan available in your area and compare their rates and benefits.
New York Medicare Supplement Plan F Comparison Chart
Medicare Supplement Plan F is the most popular Medigap plan available in New York. Here are the 10 best Plan F policies available in New York based on our reviews (click for details):
New York Medicare Supplement Plan G Comparison Chart
Medicare Supplement Plan G is rapidly gaining popularity among New York seniors. With Plan F going away in 2020, it is expected to be the new gold standard. Here are the 10 best Medigap Plan G policies available in New York based on our reviews (click for details):
New York Medicare Supplement Plan N Comparison Chart
Medicare Supplement Plan N is similar to Plan D, but covers Medicare Part B coinsurance costs differently. Due to its lower cost and good coverage, it's catching the attention of many New York seniors. Here are the 10 best Medigap Plan N policies available in New York based on our reviews (click for details):
Best New York Medicare Supplement Plans Reviews
We review all major Medicare Supplement insurance carriers servicing Medigap policies in New York. Our reviews are unbiased. We use a balanced formula that looks at years in business, A.M. Best financial strength rating, plans serviced, plan premiums, and fees. Our current formula does not take rate increase history into account.
Our review of Medicare Supplement Plans in New York is based on a statewide analysis, not nationwide. We recommend consumers use our 5-star ratings as one aspect of their decision-making process. It helps compare insurance carriers at-a-glance.
How Much do New York Medigap Plans Cost?
The Centers for Medicare and Medicaid updates their supplemental cost information annually. We list sample monthly premiums for all Medigap Plans in New York. Premiums reviewed are samples based on a 65-year-old, non-smoking woman and include applicable household discounts. Use our review rates to compare insurance carriers. The rates your health insurance agent quotes will be based on where you live, your age, sex and use of tobacco products. Call 1-855-266-4865 to get quoteCall 1-855-266-4865 to speak with an agent and get a quote.
Medigap Plans in New York are Standardized
All Medicare Supplement insurance carriers in New York are required to follow both federal and state laws designed to protect you. All Medigap plans must be clearly identified as Medicare Supplement Insurance. Insurance companies must offer the standardized Medicare Plans identified by letters A through N. So, for example, a Plan F from Aetna has exactly the same health coverage as a Plan F from Mutual of Omaha. This is what makes Medigap plans easier to compare vs. an HMO or PPO style plan through Medicare Advantage.
NOTE: Medigap, Medicare Supplements, and Medicare Plans are all names used interchangeably for supplemental insurance that fills the gaps (i.e., copay, coinsurance, and other major medical expenses) in Original Medicare coverage.
Each Medicare supplement insurance policy sold in New York offers the basic benefits of Plan A. All other lettered plans after A feature additional levels of coverage. This allows you to choose the amount of additional insurance you need to cover the gaps in your Medicare Parts A and B benefits.
Each insurance company decides which policies it wants to sell, although state laws might affect which ones they offer. Insurance companies that sell Medicare supplemental insurance:
- Are not required to offer every Medigap plan
- Must offer Medigap Plan A (basic benefits)
- Must also offer Plan C or Plan F
For more information, visit the New York Department of Insurance website at http://www.dfs.ny.gov/.
New York Medicare Supplement Plan Comparison Chart
The following chart offers a quick look at the benefits provided by each standardized plan.
|Medicare Part A Coinsurance and hospital costs up to an additional 365 days after Medicare benefifits are used up||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes|
|Medicare Part B Coinsurance or Copayment||Yes||Yes||Yes||Yes||Yes||Yes||50%||75%||Yes||Yes**|
|Blood (First 3 Pints)||Yes||Yes||Yes||Yes||Yes||Yes||50%||75%||Yes||Yes|
|Part A Hospice Care Coinsurance or Copayment||Yes||Yes||Yes||Yes||Yes||Yes||50%||75%||Yes||Yes|
|Skilled Nursing Facility Care Coinsurance||No||No||Yes||Yes||Yes||Yes||50%||75%||Yes||Yes|
|Medicare Part A Deductible||No||Yes||Yes||Yes||Yes||Yes||50%||75%||50%||Yes|
|Medicare Part B Deductible||No||No||Yes||No||Yes||No||No||No||No||No|
|Medicare Part B Excess Charges||No||No||No||No||Yes||Yes||No||No||No||No|
|Foreign Travel Emergency (Up to Plan Limits)||No||No||Yes||Yes||Yes||Yes||No||No||Yes||Yes|
* Medicare Plan F also offers a high-deductible plan. If you choose this option, this means you must pay for Medicare-covered costs up to the deductible amount of $2,240 before your Medigap plan pays anything.
** Medicare Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to $50 copayment for emergency room visits that don't result in an inpatient admission.
*** After you meet your out-of-pocket yearly limit and your yearly Part B deductible, the Medigap plan pays 100% of covered services for the rest of the calendar year.
Are Medigap Plans Better Than Medicare Advantage Plans in New York?
It's important to compare Medigap insurance with Medicare Advantage plans. At first glance, it looks like Medicare Advantage plans are less expensive and offer more benefits. But, you need to dig deeper to get to the truth. If you are simply comparing the monthly premiums, you may be in for a very big surprise with a Medicare Advantage plan in most areas of New York.
To really understand the difference between Medicare supplements and Medicare Advantage plans you need to look at total cost. It's true, Medicare Advantage plans have many advantages and disadvantages, but your out-of-pocket costs are not one of its advantages.
Enrolling in Part D to Get Prescription Drug Coverage with a New York Medicare Supplement
The only way to get prescription coverage with a Medigap policy is to buy a stand-alone Medicare Part D plan. Basic prescription drug coverage start at less than $20.
If you are about to get your Medicare benefits, you can join a prescription drug plan as soon as you have both your Part A and Part B benefits. But, once your initial enrollment has passed, you'll have to wait until the next open enrollment period to enroll or to switch to a new plan. The Annual Election Period is in the Fall from 15 October through 7 December.
NOTE: If you don't enroll in a prescription drug plan when you are first eligible, you will be penalized with additional fees when you do join a plan. You may not have regular prescriptions that you take now, but it pays to join a basic plan to avoid the penalty later.
Still have questions about Medicare Supplement Insurance in New York?
Figuring out how to lower your health care costs by reducing your out-of-pocket costs is critical for most retirees. Try one of these topics:
- What are Medicare Supplement Plans?
- Best Medicare Supplement Plans
- Medicare Supplement Plans for Disabled Under 65
- Can I Change Medicare Supplement Plans Anytime?
- Medicare Supplement Plans With No Premiums
- How to Choose a Medicare Supplement Plan
Common Questions About Medigap Plans in New York
Here are some common questions we answer about Medicare Supplement plans in New York.
Medicare Supplement premiums vary per person. Premiums are based on things like age, gender, zip code, and more. We offer a free quote service to help you find the best Medicare Supplement in New York for your needs.
Here are your top choices in New York:
- Globe Life
- Mutual of Omaha
- Bankers Life and Casualty Company
Your Individual Enrollment Period (IEP) is the ideal time to get a Medicare Supplement. Your IEP starts on your Medicare Part B effective date and ends six months later. So, if your Part B coverage begins June 1st, your IEP goes from June 1st to November 30th. these New York carriers can help you get enrolled. FYI, there is no open enrollment period with Medigap plans. You can apply anytime.
Need Local Help?
The State Health Insurance Assistance Programs (SHIPs) provide free, one-on-one insurance counseling and assistance to Medicare beneficiaries, their families and caregivers. The New York SHIP is a grant-funded project of the federal U.S. Department of Health and Human Services (HHS). You can reach them by phone or on their website:
Additional Foot Notes
 The sample premium is for a 65-year-old, non-smoking, woman living in New York. The rate was accurate on the date of publication. Rates change frequently and they are priced by county. You must contact a licensed agent to get a current rate for your situation.
 Review rating stars are derived from MedicareWire reviews on our Medigap Plan pages.