Best Medicare Supplement Plans in Arkansas
Medicare Supplement plans in Arkansas are designed to work with Original Medicare, eliminating gaps that may otherwise make Medicare benefits expensive and challenging to manage. There are ten supplement plans available in Arkansas.
- Of the ten Medicare Supplement plans available, we found Cigna offers the best Medicare Supplement Plan G in Arkansas for those wanting the most comprehensive coverage, with a monthly rate of $139.
- Another option for a great value plan would be Medigap Plan N with Aetna, coming in at $100 per month.
- And for those wanting the lowest possible monthly rate, High Deductible Plan G with Aetna offers a rate at $40 per month. A deductible of $2,700 needs to be met before this plan will cover costs.
The following four plans are the most popular in Arkansas today highlighting their key benefits and companies with the most competitive pricing.
Cigna Medicare Supplement Plan G
- Cigna Medicare Plan G is a comprehensive option available to Medicare beneficiaries, as it covers a wide variety of out-of-pocket costs - excluding the deductible for Part B.
When selecting Plan G, there are a variety of benefits worth noting:
- Offers coverage for Part B excess fees, the Medicare Part A deductible, and all coinsurance costs associated with Part B.
- No referrals necessary.
- Experience the ease of choosing any healthcare provider that accepts Original Medicare.
Plan Cost: $139
*Quotes for a 65 year old non smoking female in zip code 71630
Aetna Medicare Supplement Plan N
Aetna Medicare Plan N is the ideal cost-saving alternative for those looking to pay lower premiums than with Medicare Plans F or G.
Plan N offers a wide array of advantages, such as:
- Skilled nursing facilities
- $0 Part A deductible
- Foreign travel emergency healthcare
- Maximum $20 copay for office visits
- Maximum $50 copay for an ER visit (waived if admitted)
Drawbacks to Part N:
- Must pay Part B deductible
- Must pay Part B excess charges
- Must pay copays for office visits and ER visits
Plan Cost: $100
*Quotes for a 65 year old non smoking female in zip code 71630
Aetna High-Deductible Plan G
- Arkansas beneficiaries can take advantage of the comprehensive benefits offered by Aetna's High-Deductible Plan G with a much more affordable monthly premium. Benefits become accessible after you pay your annual deductible of $2,700.
Plan Cost: $40
*Quotes for a 65 year old non smoking female in zip code 71630
Aetna Medicare Supplement Plan F
- Exclusively available to Arkansas beneficiaries with Original Medicare effective dates prior to 2020, Aetna's Plan F maximizes your coverage and helps you save money by covering the Part A deductible, Medicare Part B deductible and all coinsurances.
Plan Cost: $173
*Quotes for a 65 year old non smoking female in zip code 71630
What's the Best Medicare Supplement Company in Arkansas?
Based on our review of several key factors, Cigna is the best Medicare Supplement company in Arkansas.
While Cigna Medigap plans tend to be more affordable in Arkansas, it's not the only factor when selecting the best Medicare Supplement company. For example, depending on your plan letter of choice, one provider might offer Plan N at a lower cost but may be pricier for Plan G; every insurer has its own set of advantages and drawbacks depending on their levels of coverage.
For this reason, Cigna remains our top selection during the review process due to its affordability, expansive range of plan choices, household premium discounts, and high customer satisfaction rates.
This chart compares different Medicare Supplement companies to Cigna that are also available in Arkansas, including sample premiums, ratings, and market share:
Cigna
Market share: 3.47%
Plan G cost: $139
Plan N cost: $110
Financial strength: A
Mutual of Omaha
Market share: 4.24%
Plan G cost: $143
Plan N cost: $111
Financial strength: A+
Aetna
Market share: 4.73%
Plan G cost: $153
Plan N cost: $100
Financial strength: A
United Healthcare
Market share: 8.33%
Plan G cost: $162
Plan N cost: $131
Financial strength: A
How Much Does a Medigap Plan Cost in Arkansas?
The best price for Medicare Supplement Plan G in Arkansas is $139 per month with Cigna.
Your age and plan choice will have the most significant impact on your premium.
Here you can see how the prices compare for several different plans:
Medigap Plan
Plan G
Plan N
High Deductible G
Plan A
Plan K
Plan F
Monthly Cost
$139
$100
$40
$117
$76
$173
Plan Popularity in Arkansas
45%
25%
15%
8%
-1%
60%
Quotes are for sample purposes only. Prices are the average monthly rate in Arkansas for a 65-year-old female nonsmoker. Part B start date and or medical underwriting may affect your rate.
When Can I Apply for a Medicare Supplement Plan?
Every beneficiary has a unique Medigap Open Enrollment Period that starts the first month that you are 65 or older and lasts for the next six months. This period will only start if you are enrolled in Medicare Part B.
During those six months, all beneficiaries enjoy the following guaranteed issue rights:
- Guaranteed acceptance into the beneficiary's plan of choice
- No medical underwriting, so current health conditions and pre-existing conditions aren't factors in rating
- Policy continuance as long as premiums are paid
Some beneficiaries enjoy eligibility for special enrollment periods with the same guaranteed issue rights after the Initial Enrollment Period. Talking to a licensed insurance agent or one of our Policy Guides may help beneficiaries determine the best time for enrollment.
When Under 65
Several states allow beneficiaries under the age of 65 to purchase a Medigap policy if they have a disability or ESRD (end-stage renal disease). However, these plans often cost more.
Special Enrollment Periods
There are a few times when Arkansas seniors have guaranteed issue rights outside of Open Enrollment:
- You retire from or lose group coverage
- You lose a Medicare Advantage plan
- You have a Medicare SELECT insurance policy and switch to a Medigap policy within 12 months.
Ready to Learn More?
We help educate Medicare beneficiaries on their Medigap options and help them go through the process of reviewing and comparing plans. We work with some of the nation's top-rated Medigap carriers. So give us a call today, or request a quote online to learn more about Aetna Medicare Supplement plan G and Mutual of Omaha Medicare Supplement plan G in your state.
FAQ
Medicare Supplement plans range from $40 to $200 per month. However, the exact cost of coverage will depend on factors such as age, gender, geographic location, and tobacco use history.
Aetna and Cigna are two of the best options. Both companies offer a range of Medigap plans and a variety of coverage levels to choose from.
A 65-year-old may pay $139 monthly for a Plan G Medigap policy from one insurance company, while another may charge more. The cost of a Medigap Plan G in Arkansas will vary depending on factors such as the insurance provider, location, and age.
Beneficiaries can't switch to a new Medigap insurance policy without going through medical underwriting unless they qualify for a special enrollment period. For instance, beneficiaries may change with guaranteed issue rights if they lose coverage due to a move out of state or leaving their plan's service area.
No Medicare insurance company can deny coverage to beneficiaries applying within their Initial Enrollment Period. However, outside the Initial Enrollment Period, the insurer can deny a beneficiary's application or increase rates based on pre-existing conditions. The only exception is a beneficiary qualifies for guaranteed issue rights during a special enrollment period.
For over 15 years, Matt Kiggins has been the senior editor at Simple Advisor, giving detailed advice on Medicare, life insurance, and dental coverage to thousands of clients in more than forty states. His demonstrated expertise in assisting people with their health plan selection is remarkable — it’s evident that he stands out among competitors as the go-to source for knowledge and support.
Matt holds a resident 2–15 Florida Health & Life (Including Annuities & Variable Contracts) Agent License in Florida, his state license number is P116762 (Issued 10/1/2007).
Article Resources:
- Cigna Medicare Supplement Plans
- Aetna Medicare Supplement Plans
- Mutual of Omaha Medicare Supplement Plans
- How Much Does a Medigap Plan Cost?
- When Can I Apply for a Medicare Supplement Plan?
- When Can I Change Medigap Plans?
- Can I Be Denied Medigap Coverage?
- CMS Medicare Services
- Arkansas Senior Health Insurance Information Program
Please note that the average quotes provided are for demonstration purposes only. Your actual premiums will be determined based on several factors such as your health conditions, age, location, tobacco status, gender, and insurance provider.
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