Finding the best New Mexico Medicare Supplement plans doesn’t have to be so difficult. In fact, it can be pretty easy. You just need some expert guidance. In this guide, we’ll walk you through how to compare plans and find the best value when shopping for New Mexico Medigap plans.
In this article we’ll discuss:
best medicare supplement plans in New Mexico
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, Aetna or any other Medigap company.
It’s the LAW!
How You save money on medicare supplement plans in New Mexico
How much will you pay for your New Mexico Medicare Supplement Insurance? You’re not getting more benefits by paying more.
So don’t overpay!
How much can New Mexico 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 Plan G supplement savings all come with the same benefits.
Since the benefits are the same, the only difference from each company is PRICE!
New Mexico 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 Mexico Medicare Supplement Insurance Coverage.
Compare New Mexico Medicare Supplements
It is important to know that even though the coverage for New Mexico 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 Mexico 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.
Compare Medigap Plans This Way
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.
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 Mexico 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 Mexico Medigap coverage.
Be an informed buyer and comparison shop your New Mexico Medicare Supplement Insurance plans and rates.
Just click here to request a quote or call us at (888) 411-1329 for personal service.
New Mexico Medigap Locations
Are you wondering if I can help you lower your Medicare Supplement costs? I can! Below are the cities in New Mexico that I serve. Click here if you’re looking for other Medicare Supplement states.
Acomita Lake Agua Fria Alamo Alamogordo Albuquerque Alcalde Algodones Angel Fire village Anthony Artesia Aztec Bayard Beclabito Belen Bernalillo Black Rock Bloomfield Boles Acres Bosque Farms village Brimhall Nizhoni Canada de los Alamos Cannon AFB Capitan village Carlsbad Carlsbad North Carnuel Carrizozo Casa Colorada Causey village Cedar Crest Cedar Grove Chama village Chamisal Chaparral Chilili Chimayo Chupadero Church Rock Cimarron village Clayton Cloudcroft village Clovis Cochiti Columbus village Corona village Corrales village Crownpoint Crystal Cuartelez Cuba village Cundiyo Cuyamungue Deming Des Moines village Dexter Dona Ana Dora village Dulce Eagle Nest village Edgewood El Cerro-Monterey Park Eldorado at Santa Fe Elephant Butte Elida El Rancho El Valle de Arroyo Seco Encinal Encino village Espanola Estancia Eunice Farmington Flora Vista Floyd village Folsom village Fort Sumner village Galisteo Gallup Glorieta Grady village Grants Grenville village Hagerman Hatch village Hobbs Holloman AFB Hope village House village Huerfano Hurley Isleta Village Proper Jaconita Jal Jarales Jemez Pueblo Jemez Springs village Kirtland La Cienega Laguna La Jara Lake Arthur Lake Sumner La Luz Lamy La Puebla Las Cruces Las Vegas Logan village Lordsburg Los Alamos Los Cerrillos Los Chaves Los Lunas village Los Ranchos de Albuquerque village Los Trujillos-Gabaldon Loving village Lovington Madrid Magdalena village Manzano Maxwell village Meadow Lake Melrose village Mescalero Mesilla Mesita Mesquite Milan village Moriarty Mosquero village Mountainair Nageezi Nakaibito Napi HQ Naschitti Navajo Nenahnezad Newcomb North Acomita Village North Valley Ojo Amarillo Paguate Paraje Pecos village Pena Blanca Penasco Peralta Picuris Pueblo Pinehill Placitas Pojoaque Ponderosa Portales Pueblo of Sandia Village Pueblo Pintado Questa village Radium Springs Ramah Ranchos de Taos Raton Red River Regina Reserve village Rincon Rio Chiquito Rio Communities Rio Communities North Rio en Medio Rio Lucio Rio Rancho Rock Springs Roswell Roy village Ruidoso village Ruidoso Downs village Salem San Felipe Pueblo San Ildefonso Pueblo San Jon village San Juan Sanostee Santa Ana Pueblo Santa Clara village Santa Clara Pueblo Santa Cruz Santa Fe Santa Rosa Santa Teresa Santo Domingo Pueblo San Ysidro village Seama Sheep Springs Shiprock Silver City Skyline-Ganipa Socorro Sombrillo South Valley Springer Sunland Park Tajique Taos Taos Pueblo Taos Ski Valley village Tatum Tesuque Texico Thoreau Tijeras village Timberon Tohatchi Tome-Adelino Torreon CDP (Sandoval County) Torreon CDP (Torrance County) Truth or Consequences Tse Bonito Tucumcari Tularosa village Twin Lakes University Park Upper Fruitland Vadito Vado Valencia Vaughn Virden village Wagon Mound village White Rock White Sands Willard village Williamsburg village Yah-ta-hey Zia Pueblo Zuni Pueblo