Need help finding the best New Jersey Medicare Supplement plans? You’re in luck. In this guide, we’ll walk you through how to compare plans and find the best value when shopping for New Jersey Medigap plans.
In this article we’ll discuss:
best medicare supplement plans in New Jersey
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) it will provide you the same exact coverage no matter the company you buy from.
Your Medicare coverage is the same no matter if the Plan G is from Blue Cross Blue Shield, Mutual of Omaha, Cigna or any other Medigap company.
It’s the LAW!
How to save money on medicare supplement plans in New Jersey
How much will you pay for your New Jersey Medicare Supplement Insurance? You’re not getting more benefits by paying more.
So don’t overpay!
How much can New Jersey residents save?
Here’s a quick example…
Plan G premiums with one insurance company can be very different from another 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 Medigap Plan G savings all come with the same benefits.
Since these benefits are the same, the only difference from each company is PRICE!
How 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.
New Jersey 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 New Jersey Medicare Supplement Insurance Coverage.
Compare New Jersey Medicare Supplements
It is important to know that even though the coverage for New Jersey 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 New Jersey 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.
REMEDIGAP can help
Our service is free. We help New Jersey Medicare Insurance beneficiaries who are new to Medicare or already using Medicare.
If you have a Medigap plan, we can review your coverage and find lower rates to save you money on the same exact plan.
We are independent agents who shop the entire market and offer you choices.
We’re not bound to any insurance company.
We don’t work for the Medicare Supplement companies. We work for you.
We’ll find you the absolute highest value with your Medicare Supplement coverage by shopping all of the insurance companies that offer New Jersey Medigap coverage.
Be an informed buyer and comparison shop your New Jersey Medicare Supplement Insurance plans and rates.
Just click here to request a quote or call us at (888) 411-1329 for personal service.
New Jersey Medigap Locations
Are you wondering if I can help you lower your Medicare Supplement costs? I can! Below are the cities in New Jersey that I serve. Click here if you’re looking for other Medicare Supplement states.
Absecon Allentown Andover Asbury Park Atlantic City Atlantic Highlands Avalon Avenel B Barnegat Basking Ridge Bayonne Bayville Beach Haven Bedminster Belle Mead Belleville Bellmawr Belmar Belvidere Bergenfield Berkeley Heights Berlin Bernardsville Blackwood Blairstown Bloomfield Boonton Bordentown Bound Brook Branchville Brick Bridgeton Bridgewater Brigantine Budd Lake Burlington Butler C Caldwell Califon Camden Cape May Cape May Court House Carlstadt Carteret Cedar Grove Chatham Cherry Hill Chester Clark Clementon Cliffside Park Clifton Clinton Closter Collingswood Colonia Colts Neck Cranbury Cranford D Deal Denville Dover Dumont Dunellen E East Brunswick East Hanover East Orange East Rutherford Eatontown Edgewater Edison Egg Harbor City Egg Harbor Township Elizabeth Elmer Elmwood Park Emerson Englewood Englewood Cliffs Englishtown F Fair Lawn Fairfield Fairview Fanwood Farmingdale Flanders Flemington Florham Park Forked River Fort Lee Franklin Franklin Lakes Franklin Park Franklinville Freehold Frenchtown G Garfield Glassboro Glen Rock Gloucester City H Hackensack Hackettstown Haddon Heights Haddonfield Haledon Hamburg Hammonton Harrison Hasbrouck Heights Hawthorne Hazlet Highland Park Hightstown Hillsborough Hillside Hoboken Holmdel Hopatcong Hopewell Howell I Irvington Iselin J Jackson Jersey City K Keansburg Kearny Kenilworth Keyport L Lakehurst Lakewood Lambertville Lebanon Leonia Lincoln Park Linden Linwood Little Falls Little Ferry Little Silver Livingston Lodi Long Branch Long Valley Lyndhurst M Madison Mahwah Manahawkin Manasquan Maple Shade Maplewood Margate City Marlboro Marlton Matawan Mays Landing Maywood Medford Mendham Merchantville Metuchen Middlesex Middletown Midland Park Milford Millburn Millington Millville Monmouth Junction Monroe Township Montclair Montvale Montville Moonachie Moorestown Morganville Morris Plains Morristown Mount Holly Mount Laurel Mountainside Mullica Hill N Neptune Netcong New Brunswick New Providence Newark Newfoundland Newton North Arlington North Bergen North Brunswick Northfield Northvale Nutley O Oakhurst Oakland Ocean City Old Bridge Oradell Orange P Palisades Park Paramus Park Ridge Parsippany Passaic Paterson Paulsboro Pennington Penns Grove Pennsauken Pennsville Perth Amboy Phillipsburg Piscataway Pitman Plainfield Plainsboro Pleasantville Point Pleasant Beach Pompton Lakes Pompton Plains Princeton Princeton Junction R Rahway Ramsey Randolph Raritan Red Bank Ridgefield Ridgefield Park Ridgewood Ringwood River Edge Riverside Riverton Rochelle Park Rockaway Roseland Roselle Roselle Park Rumson Rutherford S Saddle Brook Saddle River Salem Sayreville Scotch Plains Sea Isle City Secaucus Sewell Short Hills Shrewsbury Sicklerville Somers Point Somerset Somerville South Amboy South Hackensack South Orange South Plainfield South River Sparta Spring Lake Springfield Stratford Succasunna Summit Sussex Swedesboro T Teaneck Tenafly Toms River Totowa Trenton Tuckerton U Union Union City V Ventnor City Vernon Verona Vincentown Vineland Voorhees W Waldwick Warren Washington Watchung Wayne West Berlin West Milford West New York West Orange Westfield Westwood Whippany Whitehouse Station Whiting Wildwood Williamstown Willingboro Woodbridge Woodbury Woodstown Wyckoff