Louisiana Medicare Supplement plans are offered by a variety of insurance companies with excellent financial ratings. This makes finding a Louisiana Medicare supplement at an affordable rate quite easy to do when you are working with an independent insurance agency like Boomer Benefits that can send you simple rate comparisons.
Finding the Right Louisiana Medicare Supplement
As in other states, Louisiana offers the 10 basic standardized Medicare supplement plans, also called Medigap plans. Each plan is labeled with a letter from A – N, plus one high-deductible option. Medigap plans are designed so that each plan letter offers a different set of benefits, and you can choose the benefits package that covers the specific things that are important to you.
This also helps when you are comparing rates because you can feel confident that if you are shopping for a Medigap Plan G, you will know that the Plan G benefits from one carrier are exactly the same as what is offered by another carrier. Rates, however, vary widely from insurance company to insurance company.
Louisiana Medigap Plan F
Our agency gets more calls about Medicare Supplement Plan F than any other plan. That’s because a Plan F policy pays for both your Part A and Part B deductibles and coinsurance, as well as includes coverage of any excess charges by nonparticipating doctors and foreign travel emergency benefits. Essentially, Plan F gives you the peace of mind that you will never have any copays or deductibles for the Medicare-covered services you access.
However, Medigap Plan F will not be available to new Medicare enrollees as of 2020. If you have Plan F already, then you can keep it. Also, if you have Part A before 2020, then you will still have Plan F as a choice of Medigap plan. For those who enroll in Medicare in 2020 or later, they will only have 9 plans to choose from, making Medigap Plan G the next most comprehensive plan.
Plan G is another extremely common Medigap plan. There are many carriers offering Plan G in Louisiana. Plan G functions just like Plan F except you pay the annual Part B deductible. Many people enjoy lower premiums, and lower annual rate increases on Plan G. Most people are usually able to save money by choosing Plan G over Plan F because of this.
Under 65 on Medicare in Louisiana
People who qualify for Medicare early due to disability can now get an open enrollment period for Louisiana Medicare Supplements. Regardless of age, any Medicare beneficiary can qualify for a Medicare Supplement during the first 6 months after their Medicare Part B effective date.
It’s important facts like this that make it so desirable to work with an independent agency like Boomer Benefits. We can fill you in on all the laws, rules, and regulations that apply to Medigap Plans in Louisiana. Some other states do offer this benefit for Medicare beneficiaries under 65, so the fact that Louisiana does is great!
Medicare Advantage Plans in Louisiana
Another option for Medicare Beneficiaries is Medicare Advantage (Part C). These plans tend to have a smaller monthly premium, but you’ll have copays and coinsurance on the back end as you use your plan.
For example, you may have a $40 copay at the doctor’s office or a $250 daily copay for the first few days in the hospital. Every Medicare Advantage plan is different. Therefore, copays, premiums, deductible, and more will all be different.
Many people are attracted to Medicare Advantage plans because of the extra benefits they offer, such as drug, dental, vision, and hearing. Most Medicare Advantage plans have a Part D plan rolled in, so your drug and medical benefits are combined in one ID card.
Common Questions About Louisiana Medicare:
These are some of the common questions we’re asked about Medicare Supplements in Louisiana.
The “best” Medicare Supplement will be whichever one is most cost-effective for you. You can figure this out by comparing each Medigap plan based on your medical needs. For example, Plan G may be more cost-effective than Plan N if you visit the doctor often, whereas if you rarely see the doctor, Plan N may be more cost-effective.
Medigap plan benefits are the same regardless of the carrier. So when finding the most cost-effective Medigap plan, don’t let big names be the deciding factor. Compare each carrier by their rates, average rate increases, and financial ratings. Here at Boomer Benefits, we’ll do this for you for over 30 carriers.
The “best” Part D plan will be the one that is the most cost-effective. The most cost-effective Part D plan will likely be the one that covers all or most of your important drugs while still having moderate pricing. Here at Boomer Benefits, we help our Medigap clients find the most cost-effective initial Part D plan.
Compare with Boomer Benefits
Whether you are age 50, 65 or 85, our friendly licensed agents can get you quick and simple rate comparisons. You can make an educated buying decision when it comes to choosing your Medicare supplemental insurance in Louisiana. Contact our agency today using the toll-free number listed above or use this link to get fast online quotes: