Best Medicare Supplement Plans in Illinois
Medicare Supplement plans in Illinois help pay for deductibles and coinsurance that Original Medicare doesn't cover. There are ten Medicare Supplement plans to choose from.
- Of the ten plans offered, we found that Mutual of Omaha offers the best Medicare Supplement Plan G rates for comprehensive coverage in Illinois, coming in at $128 per month.
- Mutual of Omaha also offers the best Medicare Supplement Plan N rates at $88 per month for a great value plan option.
- Mutual of Omaha’s High Deductible Plan G is the best low-cost option. It is substantially less expensive with the same coverage as Medicare Plan G, coming in at $46 per month. There is a deductible of $2,700 that needs to be met before this plan will cover costs.
Below are brief highlights on the key features and benefits of each plan.
Mutual Of Omaha Medicare Supplement Plan G
- Mutual of Omaha's Plan G provides comprehensive coverage that covers most out-of-pocket expenses with the exception of Medicare Part B's deductible.
Opting for Plan G offers a wide range of benefits including:
- Coverage for Part B excess charges, the Medicare Part A deductible and all of your Part B coinsurance.
- No referrals are required.
- Freedom to visit any medical provider willing to accept Original Medicare.
Monthly Plan Costs: $128
*Quotes for a 65 year old non smoking female, in zip code 60062
Mutual Of Omaha Medicare Supplement Plan N
- If you are looking for more cost-effective coverage, Mutual Of Omaha Medicare Plan N is the way to go. It provides lower premium rates than Plans F and G.
Plan N has many benefits, including:
- 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)
Out Of Pocket Expenses:
- Must pay Part B deductible
- Must pay Part B excess charges
- Must pay copays for office visits and ER visits
Monthly Plan Costs: $88
*Quotes for a 65 year old non smoking female, in zip code 60062
Mutual Of Omaha High-Deductible Medicare Plan G
- When you select Mutual Of Omaha High-Deductible Plan G, you only need to pay an upfront deductible of $2,700 before your coverage starts; the remaining benefits stay unchanged from standard Plan G. This option is a much more affordable substitute for traditional Medicare Supplement Plan G.
Monthly Plan Costs: $46
*Quotes for a 65 year old non smoking female, in zip code 60062
Mutual Of Omaha Medicare Supplement Plan F
- If you're an Illinois resident enrolled in Original Medicare prior to 2020, then Mutual Of Omaha's Plan F is the perfect way for you to maximize your coverage and save money. This plan covers all coinsurances as well as both the Part A deductible and Medicare Part B deductible.
Monthly Plan Costs: $157
*Quotes for a 65 year old non smoking female, in zip code 60062
What's the Best Medicare Supplement Company in Illinois?
Based on our review of several key factors, Mutual of Omaha is the best Medicare Supplement company in Illinois.
While Mutual of Omaha Medigap plans tend to be more affordable in Illinois, 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, Mutual of Omaha 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 Mutual of Omaha that are also available in Illinois, including sample premiums, ratings, and market share:
Cigna
Market share: 2.35%
Plan G cost: $133
Plan N cost: $88
Financial strength: A
Mutual of Omaha
Market share: 14.50%
Plan G cost: $128
Plan N cost: $88
Financial strength: A+
Aetna
Market share: 9.72%
Plan G cost: $145
Plan N cost: $98
Financial strength: A
United Healthcare
Market share: 14.32%
Plan G cost: $122
Plan N cost: $86
Financial strength: A
How Much Does a Medigap Plan Cost in Illinois?
The best price for Medicare Supplement Plan G in Illinois is $128 per month with Mutual Of Omaha.
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 F
Plan G
Plan N
High Deductible G
Plan A
Plan K
Monthly Cost
$157
$128
$88
$46
$85
$56
Plan Popularity in Illinois
60%
45%
25%
15%
8%
-1%
Quotes are for sample purposes only. Prices are the average monthly rate in Illinois 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?
You can apply within the six-month Medigap Open Enrollment Period. This will be the best time to gain your Medicare benefits. In addition, during this enrollment period, pricing and plan options from a Medicare insurance company are better. This period lasts six months and starts the month that you have Medicare Part B coverage and are 65 or older. This period can't be changed or repeated.
If you are under 65, you may not be able to enroll. However, if you have a disability or ESRD (end-stage renal disease), you may qualify for Medicare under age 65. Several states sell Medigap policies to these beneficiaries at a slightly higher price.
Can You Apply Outside the Medigap Open Enrollment Period?
Once your Medigap Open Enrollment Period ends, your application is reviewed by a medical underwriting team assigned to evaluate risk. Private insurance companies can approve policies at higher rates or deny coverage altogether.
This is not applicable if you have guaranteed issue rights, which can be applied in situations such as losing coverage or having a plan that no more extends services in your area. These unique situations are called Special Enrollment Periods, and if you are eligible for one, insurance companies cannot charge you more for applying outside of the Open Enrollment Period.
Birthday Rule
In Illinois, each year, Medigap beneficiaries ages 65-75 will have a window where they have the option to switch their current plan to a different plan of equal or lesser value from the same carrier. Insurance companies won't charge you for changing plans during this time. This period is 45 days long and starts on your birthday.
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
In Illinois, the most popular Medigap plans are Plans G and N. Plan G is known for offering the most coverage among all the plans available to new Medicare beneficiaries and includes coverage for skilled nursing facility care coinsurance, foreign travel emergency coverage, and more.
Plan G is the most comprehensive plan in Illinois available to new Medicare beneficiaries.
Medicare Supplement plans range in cost from $46 - $193 monthly. In Illinois, the cost of Medicare Supplement plans can vary depending on various factors, such as age, the type of plan you choose, and your current health condition.
Medicare Supplement plan members can switch Medigap policies at any time. However, insurance companies can ask health questions and require underwriting, raising your insurance prices. Eligibility for an exception may apply if you: have specific circumstances qualifying you for guaranteed issue rights or are within the six-month window of your Medigap Open Enrollment Period.
Yes, suppose you are outside your Medigap Open Enrollment period and do not qualify for guaranteed issue rights. In that case, you can be denied coverage or be offered a higher premium based on your health history.
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:
- Mutual of Omaha Medicare Supplement Plans
- Aetna Medicare Supplement Plans
- Cigna 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
- Medicare Savings for Qualified Illinois Beneficiaries
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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