Medicare Supplement Plans in New York
As of 2022, there were 476,804 people enrolled in Medicare Supplement plans in New York. According to Ahip.org, 24.6% of people with Original Medicare are also enrolled in Medicare Supplement plans in New York. Plan F was the most popular plan among enrollees. Forty six percent chose Plan F.
New York residents have a year long Open Enrollment Period. People can enroll in a Medigap plan at any time. Insurance companies may not consider an applicant’s health status, claims experience or age.
Laws in New York also prohibit insurers from establishing Medicare Supplement premiums based on age and charging a higher premium as they grow older. An insurer must charge all Medigap buyers in their geographic area level premiums and the same premium amount for a specific policy, whatever their gender, health or age.
There are many insurance companies offering Medigap plans in New York. Below is a list of companies and the specific plans that they offer. In New York, all Medigap plans are Community rated. All beneficiaries are charged the same premium rate.
Aetna
Aetna offers Medicare Supplement Plan A, Plan B, and Plan F. Plan F has averaged an annual rate increase of 5.4% since 2013.
Mutual of Omaha
Mutual of Omaha offers Medicare Supplement Plan A, Plan B, Plan C, Plan D, Plan F, Plan G, High Deductible G and also Plan M. Plan M pays 50% of the Part A deductible.
UnitedHealthcare®
UnitedHealthcare® offers Medicare Supplement Plan A, Plan B, Plan C, Plan F, Plan G, Plan K, Plan L, and also Plan N. Plan L pays 75% of the Part A deductible.
Humana Insurance Company
Humana offers Medicare Supplement Plan A, Plan C, Plan D, Plan F, High Deductible F, Plan G, High Deductible G and also Plan N. Plan F has averaged a 6.7% annual rate increase since 2013.
Bankers Fidelity Life Insurance Company
Bankers Fidelity Life offers Medicare Supplement Plan A, C, D, F, High Deductible F, G, High Deductible G, and also N.
HIP Insurance Company of New York
HIP Insurance offers Medicare Supplement Plan A, B, C, and also F. AM Best rating is C+. Plan F has averaged a 4.0% annual rate increase since 2013.
Empire Healthchoice Assurance
Empire Healthchoice offers Medicare Supplement Plan A, Plan B, Plan F, Plan G, and also Plan N. AM Best rating is A.
Globe Life Insurance Company of New York
Globe Life offers Medicare Supplement Plan A, Plan B, Plan C, Plan D, Plan F, High Deductible F, Plan G, High Deductible G, Plan K, Plan L, and also Plan N. AM Best rating is A. Plan F has averaged a 2.9% annual rate increase since 2014.
State Farm Mutual Automobile Insurance Company
State Farm offers Medicare Supplement Plan A, Plan B, Plan C, and also Plan F. AM Best rating is A++. Plan F hasn’t had a rate increase ince 2013.