If you’re enrolled in Original Medicare, Medicare Supplement (also called Medigap) plans are a good option to help you reduce your overall healthcare costs. Medicare Supplement plans help pay for the 20% of costs that aren’t covered by Original Medicare. In other words, Medigap plans fill in the “gaps” left by Original Medicare.
There are ten types of Medigap plans to choose from in Alabama. That said, Plans F, G, and N are the most popular, making up 82% of Medigap enrollments nationwide.
Medicare supplement plans in Mobile County, Alabama are the same ten plans available in 47 out of the 50 US states. Let’s take a look at the specifics of each of these plans.
Note: Plans F and C are not available for Medicare beneficiaries who turn 65 after January 1, 2020.
Depending on which Medicare Supplement plan you choose, it will cover a different set of costs. Take a look at this Medigap comparison chart to familiarize yourself with plan benefits, costs, and coverage. Every plan of the same type (for example, every Medigap Plan K) will have the same coverage, but pricing will depend on what carrier you choose.
Technically, yes, there is a Medicare Supplement plan that covers the entire 20% of costs that Original Medicare doesn’t cover. If you turned 65 before January 1, 2020, you are eligible to enroll in Medigap Plan F, which provides the highest level of coverage. Adults that turn 65 after January 1, 2020 would not be eligible for Plan F. Plan C is also not available to people who turn 65 after January 1, 2020.That being said, there are popular plan alternatives that eliminate almost all out-of-pocket costs.
If you’re new to Medicare or you turned 65 after January 1, 2020, the most popular plans are Plan G and Plan N. While these Medicare Supplement plans don’t cover everything, they are the more comprehensive Medigap plans.
Because Medigap Plan F is not an option for most new beneficiaries, Plan G is the “best” Supplement plan since it provides the most comprehensive coverage at a great value. However, the right plan for you will depend on a number of factors unique to your situation. We always recommend speaking with a Medicare advisor who can help you understand and choose from all of the Medicare options.
There are 51 Medigap Plan G policies in Alabama, with premiums ranging from $0–$672. These Plans are offered by 51 insurance carriers, including AARP - United Healthcare, Cigna, Humana, and Wellcare. (Data from 2024)
How much you pay for Medicare Supplement plans will vary based on your age, gender,, insurance carrier, location, when you buy, and whether or not you are a tobacco smoker. For all Medigap plans in Alabama for 2024, premiums range from $30/mo for a high-deductible Plan G, to $783 for the highest cost Medigap Plan A.
There are three ways that Medigap policies can be priced (also called rated). Regardless of your plan’s pricing structure, your premiums may be higher or lower due to personal factors. Your premiums also may increase because of economic factors, like inflation. Pricing structures for Medicare Supplement plans in Mobile County, Alabama will follow one of the standard Medigap policy structures:
Anyone who has a community-rated policy pays the same monthly premium regardless of age. This means your premium will not increase as you age.
An issue-age-rated policy is priced based on the age you’re at when you buy the Medigap plan. Your premium can increase due to inflation and other factors, but not due to age. Premiums will likely be higher than average when you first purchase the policy but they won’t increase because of age.
Attained-age-rated policies are priced based on your current age. This means the premiums are lower than average when you first obtain the policy but then increase as you get older.
How much you pay for a Medigap Plan G in Alabama will vary from person to person. For reference, a 65-year-old female who is a non-smoker in Mobile County can expect to pay $0-$367 for her monthly premium on Plan G. Note that as a Medigap plan holder, you’re also responsible for your Part B premium ($174.70 for 2024).
The best Medicare Supplement plan, Plan G, will generally cost between $0-$672 in Mobile County, Alabama.
Choosing the right Medicare Supplement plan is an important decision. If you need guidance, our Alabama Medicare Advisors are here to help you determine the best Medicare coverage based on your unique health and financial needs. We provide free, unbiased advice and extended support to ensure every American gets access to the affordable, high-quality healthcare they deserve.
Our licensed Medicare Advisors provide free advice and support! Schedule a free consultation or call us at (855) 900-2427 to get your questions answered and feel confident in your Medicare decisions.