Medicare Supplement Plans in Ohio
Ohio Medicare Supplement (Medigap) - Statistics and Facts
Looking for a Medicare Supplement plan in Ohio? Also known as Medigap insurance, these plans help pay the difference between what Original Medicare covers and your out-of-pocket expenses. We're talking about deductibles, copayments, and coinsurance. Following are some interesting statistics and facts about Medicare Supplemental insurance in the state of Ohio.
- Number of Medicare Supplement (Medigap) policy holders in Ohio: 341674
- Share of OH Medicare beneficiaries with Medicare Supplemental policies: 18%
- Share of OH Medigap policyholders with First Dollar Coverage Plan C insurance: 27%
- Share of Ohio Medigap policyholders with First Dollar Coverage Plan F insurance: 34%
- Share of OH Medicare Supplement policyholders with plans other than Plan C or Plan F: 39%
- Average premium for OH Medigap policyholders with First Dollar Coverage Plan C plans: $200
- Average premium for OH Medigap policyholders with First Dollar Coverage Plan F plans: $166
- Average premium, weighted by enrollment, for other Ohio Medicare Supplemental plans: $180
Data provided by the Kaiser Family Foundation:
Medigap Reform: Setting the Context
Publication Number: 8235
Quick Tips On OH Medicare Supplement Insurance
OH Medicare Supplement plans are offered by private insurance companies. They are designed to cover some of the fees and out-of-pocket expenses that Original Medicare (Medicare Parts A and B) does not.
Benefits offered by Medigap policies in Ohio are the same across insurance companies. However, prices vary from carrier to carrier. As such, it's quite important to compare prices when purchasing a Medicare Supplemental plan in OH.
It's all about the Open Enrollment Period for Medigap. After you turn 65 and are enrolled in Medicare Part B, you have six months to enroll in a Medicare Supplemental insurance plan. If you enroll during this six month window, the insurance company cannot refuse to cover you. However, if you have a pre-existing condition, the insurance company may make you wait up to six months for coverage to begin (although your coverage through Original Medicare will be in effect).
- Medicare evaluates plans based on a 5-Star rating system. Star Ratings are calculated each year and may change from one year to the next.
- Not every plan is available statewide or in all service areas.