Are you trying to find the best Idaho Medicare Supplement plans in your area? In this guide, we’ll walk you through how to compare plans and find the best value when shopping for Idaho Medigap plans.
In this article we’ll discuss:
best Medicare supplement plans in Idaho
Before you start trying to compare plans, you need to make sure you understand how these plans are setup. Medigap plans are standardized insurance plans that are regulated by the government.
What does a standardized plan mean?
This means that when you shop for a specific Medicare Supplement Plan (like Medigap Plan G) the plan you choose will provide you the exact same coverage no matter the company you buy from.
Your Medicare coverage is the same no matter if the Plan G is from Cigna, Blue Cross Blue Shield, Mutual of Omaha or any other Medigap company.
It’s the LAW!
How much can I save on my Idaho medicare supplement?
The question remains: How much will you pay for your Idaho Medicare Supplement Insurance? You’re not getting more benefits by paying more.
So don’t overpay!
How much can you overpay?
Here’s a quick example…
Plan G premiums with ABC insurance company can be very different from XYZ insurance company. Remember, the benefits are the same even if the premiums are different.
We calculated sample quotes from multiple states to show you what the lowest and highest rates are for a 65 year old (non tobacco) male shopping for a Medigap Plan G.
The average monthly premiums from “A” rated companies are:
- Average Lowest Monthly Rate: $128
- Average Highest Monthly Rate: $190
Your Potential Monthly Savings!
Those savings are huge… That’s an annual savings of $744!
Again, these Plan G savings all come with the same insurance benefits.
Since the benefits are the same, the only difference from each company is PRICE!
How Idaho Medicare Supplements Work
Let’s look at Medigap and compare it to an everyday purchase.
Think of Medigap plans like buying gas.
The quality of regular unleaded gasoline (Plan G) is the same at every gas station.
However, gasoline may have different prices from multiple gas stations in your town.
You probably buy the least expensive premium gas because it’s the same regardless of which station you buy it from.
This is how Medigap works.
If you want to purchase a Plan G, shop your Plan G with all the companies in your Zip Code.
If you are shopping for Plan N, shop all Plan N plans in your Zip Code.
Idaho Medigap Benefits
Plan G benefits are the exact same no matter what company you choose.
This applies to all Medigap plan letters.
You do not get better benefits by selecting a big or small insurance company.
Price comparison shopping is extremely important.
You must make sure that you are not spending more than you have to for the exact same Idaho Medicare Supplement Insurance Coverage.
Compare Idaho Medicare Supplements
It is important to know that even though the coverage for Idaho Medicare Supplement Plans are the same, the rates are not. You need to compare the plan letters from company to company. For example, compare Medicare Supplement Plan G from multiple companies.
Medicare Supplement Insurance Plan premium prices are different when comparing Idaho Medicare Supplement Insurance Companies.
The Medigap lettered plans (Plan G for example) are standardized. This is a safety net put in place by CMS (Centers for Medicare and Medicaid Services) to protect you. Insurance companies, by law, can’t make any changes to standardized Medigap benefits.
CMS, however, does not regulate premiums. Insurance companies adjust rates based on inflation, overhead, medical pay outs, marketing, etc.
Outline Of Coverage
* Plans F and G also offer a high-deductible plan in some states. With this option, you must pay for Medicare-covered costs (coinsurance, copayments, and deductibles) up to the deductible amount of $2,340 in 2020 ($2,370 in 2021) before your policy pays anything. (Plans C and F aren’t available to people who were newly eligible for Medicare on or after January 1, 2020.)
** For Plans K and L, after you meet your out-of-pocket yearly limit and your yearly Part B deductible, the Medigap plan pays 100% of covered services for the rest of the calendar year.
*** Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don’t result in inpatient admission.
Idaho Medigap Locations
Are you wondering if I can help you lower your Medicare Supplement costs? I can! Below are the cities in Idaho that I serve. Click here if you’re looking for other Medicare Supplement states.
Aberdeen Acequia Albion American Falls Ammon Arbon Valley Arco Arimo Ashton Athol Atomic City Bancroft Basalt Bellevue Blackfoot Bliss Bloomington Boise City Bonners Ferry Bovill Buhl Burley Butte City Caldwell Cambridge Carey Cascade Castleford Challis Chubbuck Clark Fork Clayton Clifton Coeur d’Alene Cottonwood Council Craigmont Crouch Culdesac Dalton Gardens Dayton Deary Declo Dietrich Donnelly Dover Downey Driggs Drummond Dubois Eagle East Hope Eden Elk River Emmett Fairfield Ferdinand Fernan Lake Village Filer Firth Fort Hall Franklin Fruitland Garden City Genesee Georgetown Glenns Ferry Gooding Grace Grand View Grangeville Greenleaf Hagerman Hailey Hamer Hansen Harrison Hauser Hayden Hayden Lake Hazelton Heyburn Hollister Homedale Hope Horseshoe Bend Huetter Idaho City Idaho Falls Inkom Iona Irwin Island Park Jerome Juliaetta Kamiah Kellogg Kendrick Ketchum Kimberly Kooskia Kootenai Kuna Lapwai Lava Hot Springs Leadore Lewiston Lewisville Lost River McCall McCammon Mackay Malad City Malta Marsing Melba Menan Meridian Middleton Midvale Minidoka Montpelier Moore Moscow Mountain Home Mountain Home AFB Moyie Springs Mud Lake Mullan Murtaugh Nampa Newdale New Meadows New Plymouth Nezperce Notus Oakley Oldtown Onaway Orofino Osburn Oxford Paris Parker Parkline Parma Paul Payette Peck Pierce Pinehurst Placerville Plummer Pocatello Ponderay Post Falls Potlatch Preston Priest River Rathdrum Reubens Rexburg Richfield Rigby Riggins Ririe Roberts Rockland Rupert St. Anthony St. Charles St. Maries Salmon Sandpoint Shelley Shoshone Smelterville Soda Springs Spencer Spirit Lake Stanley Star State Line Stites Sugar City Sun Valley Swan Valley Tensed Teton Tetonia Troy Twin Falls Ucon Victor Wallace Wardner Warm River Weippe Weiser Wendell Weston White Bird Wilder Winchester Worley