Medicare Supplement Plans in North Carolina
More details about Medicare Supplement plans in North Carolina
Medicare Supplement plans in North Carolina are additional options available to North Carolina residents who are enrolled in Original Medicare (Part A and Part B). These plans will help fill in the gaps in Original Medicare coverage, such as copayments, coinsurance, and deductible costs. In most states, and including North Carolina, Medicare Supplement plans come in ten standardized plan choices, all labeled by the letters A through N.
When should you sign up for a Medicare Supplement plan in North Carolina? The best time to enroll is during the six-month period called the Medigap Open Enrollment Period (OEP). This period begins when you are both over 65 years of age and are enrolled in Medicare Part B. Medicare beneficiaries can enroll in a plan during this time without being subjected to medical underwriting. This means that an insurance company offering Medicare Supplement plans in North Carolina cannot deny you coverage, or restrict plan availability for medical reasons.
However, should you wish to enroll in a Medicare Supplement plan in North Carolina after your OEP you may be required to submit a health background for medical underwriting, and could be charged a higher monthly premium, be restricted due to pre-existing conditions, or even denied coverage.
Statistics regarding Medicare Supplement plans in North Carolina
Below we have provided a few interesting statistics about Medicare Supplement plan enrollment in North Carolina:
- There were 37 companies offering Medigap plans in North Carolina in 2013.
- Premiums for 2013 Medigap plans varied based on the beneficiary’s age and plan type.
- Some companies offering Medigap plans in North Carolina provided discounts for couples.
- Monthly premiums ranged from around $70 for a 65-year-old-beneficiary to more than $300 for an 85-year-old beneficiary.
- North Carolina offered all 10 types of Medigap plans in 2013, as well as an extra high-deductible plan known as F Prime.
Comparing Medicare Supplement plans in North Carolina
As noted, all same-lettered Medicare Supplement plans in North Carolina are standardized and do not vary in benefits between each insurer. However, each insurance company offering Medigap plans may charge a different cost depending on their monthly premium structure. Thus it is important to determine what Medigap plans are available, and make a selection based on your budgetary needs.
If you wish to start comparing Medicare Supplement plans in North Carolina today, enter your zip code above and we will display a list of Medigap plans available to you in your area.
Data provided by the North Carolina Department of Insurance.