Best Medicare Supplement Plans in Tennessee
Medicare Supplement plans in Tennessee are supplemental insurance policies that help fill the gaps of Original Medicare such as deductibles, copayments and coinsurance. There are ten Medicare Supplement plans offered in Tennessee.
- Of the ten plans available, Mutual of Omaha offers the best monthly rates for the most comprehensive plan, Medicare Supplement Plan G, at $110 per month.
- Cigna offers the best rates for Medicare Supplement Plan N at $73 per month, for those that want the best monthly value without compromising coverage.
- If you are wanting the lowest possible premium at $36 per month, Mutual of Omaha offers a High Deductible Plan G which is significantly cheaper than other options available with the same benefits as Medicare Plan G; however, a deductible of $2,700 needs to be met before this plan will cover expenses.
Below is a brief overview of what each plan covers.
Mutual of Omaha Medicare Supplement Plan G
If you're searching for a dependable Medicare Supplement plan with an extensive range of coverage, Mutual of Omaha Plan G is the perfect option. Not only does it cover most out-of-pocket expenses (with the exception of the Part B deductible), but its affordability and reliability make it one of the best options on the market.
When weighing your alternatives, here are several compelling reasons to select Plan G:
- Comprehensive benefits include coverage for Part B excess charges, Medicare Part A deductible, and Part B coinsurance.
- No referrals are required.
- Freedom to see any medical provider willing to accept Original Medicare.
Monthly Plan Cost: $110
*Quotes for a 65 year old non smoking female, in zip code 37010.
Cigna Medicare Supplement Plan N
Cigna Medicare Plan N is the ideal option for individuals looking to pay lower premiums while still obtaining excellent coverage.
This plan provides a wide range 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)
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 Cost: $73
*Quotes for a 65 year old non smoking female, in zip code 37010.
Mutual Of Omaha High-Deductible Plan G
- With Mutual Of Omaha High-Deductible Plan G, After you've paid the initial deductible of $2,700, your coverage will be on par with a conventional Plan G—and at a much more reasonable price than standard Medicare Supplement Plan G options.
Monthly Plan Cost: $36
*Quotes for a 65 year old non smoking female, in zip code 37010.
Cigna Medicare Supplement Plan F
- Cigna Medicare Plan F offers the most comprehensive benefits, including coverage for Part A and Part B deductibles, along with coinsurances. To take advantage of this plan, one must have been enrolled in Original Medicare before January 1st 2020.
Monthly Plan Cost: $118
*Quotes for a 65 year old non smoking female, zip code 37010.
What's the Best Medicare Supplement Company in Tennessee?
Based on our review of several key factors, Mutual of Omaha is the best Medicare Supplement company in Tennessee.
While Mutual of Omaha Medigap plans tend to be more affordable in Tennessee, 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 Tennessee, including sample premiums, ratings, and market share:
Cigna
Market share: 4.49%
Plan G cost: $113
Plan N cost: $73
Financial strength: A
Mutual of Omaha
Market share: 14.86%
Plan G cost: $110
Plan N cost: $75
Financial strength: A+
Aetna
Market share: 7.53%
Plan G cost: $130
Plan N cost: $84
Financial strength: A
United Healthcare
Market share: 19.45%
Plan G cost: $111
Plan N cost: $82
Financial strength: A
How Much Does a Medigap Plan Cost in Tennessee?
The best price for Medicare Supplement Plan G in Tennessee is $110 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
$118
$110
$73
$36
$88
$51
Plan Popularity in Tennessee
60%
45%
25%
15%
8%
-1%
Quotes are for sample purposes only. Prices are the average monthly rate in Tennessee 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?
If You Are 65 or Older
The best time to enroll in a supplemental insurance policy is during the one-time Medigap Open Enrollment Period (OEP), which lasts for six months. It starts the first month a beneficiary is enrolled in Medicare Part B and is at least 65 years old.
During the Open Enrollment Period, the insurer is held to the following guaranteed issue rights:
- Beneficiaries are guaranteed enrollment in the plan of their choice regardless of pre-existing or current health conditions.
- The Medicare insurance company cannot deny the beneficiary coverage or increase the rate based on a medical condition. In addition, medical underwriting is not permitted.
- The insurer cannot later cancel the policy unless the beneficiary fails to pay premiums.
If You Are Under 65
You may not be able to purchase a Medicare Supplement insurance policy under age 65. Often, federal laws do not require companies to sell you a policy until you turn 65. However, several states must sell Medigap to those under 65 with a disability or end-stage renal disease (ESRD).
Outside Medigap Open Enrollment
Though you can apply for Medigap insurance outside open enrollment, an insurer can impose:
- Medical underwriting requirements.
- Waiting periods before pre-existing conditions are covered.
- Higher pricing or application denial due to health conditions.
In certain situations, you may have guaranteed issue rights, which can be applied in cases such as losing coverage or having a plan that no more extends services in your area. These unique situations are called Special Enrollment Periods. During these times, you can enroll outside the OEP without being charged more or possibly denied.
Better Understanding of Tennessee Medigap Plans
Medicare Supplement insurance in Tennessee is standardized, the same as every other state. But costs and plan availability may vary across state lines.
Also known as Medigap, it helps cover costs Original Medicare doesn't. To get Medigap insurance, you must have Medicare Part A and Medicare Part B.
It is not an HMO or PPO.
Medigap Benefits:
- It can cover copayments, deductibles, and coinsurance.
- It can cover the cost of blood and excessive medical expenses.
- Most plans also cover emergency health care costs outside of the US.
What You Need to Know About Medicare Supplement Insurance:
- Open season begins when you are 65 and are enrolled in Medicare Part A and B.
- You must choose a Medicare Supplement plan within six months. If not, you may risk missing out or paying higher monthly premium costs down the road.
- Medicare Supplement insurance is not the same as Medicare Advantage plans (also known as Part C).
- Medigap does not offer prescription drug coverage, but you can get supplemental insurance through a Prescription Drug Plan (D).
- No vision or dental coverage.
It has additional coverage for skilled nursing facilities, giving the senior up to 100 days of care for little to no out-of-pocket expenses
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
Cigna and Mutual of Omaha are two of Tennessee's top Medicare Supplement companies. Both companies offer comprehensive coverage at competitive prices and have a strong presence in the state.
These plans range from $36 to $225 per month. The cost of Medicare Supplement plans in Tennessee varies depending on the type of plan and other factors, such as the beneficiary's age and zip code.
Medicare Plan G in Tennessee has an average premium range of $110 - $170 per month, depending on variables like the individual's age and location. This plan covers 100% of Medicare Part A deductible and Part A and Part B coinsurance expenses, making it one of the more comprehensive plans offered in the state.
If you applied for a Medigap policy during the open enrollment, you could switch plans at any time within the six-month open enrollment period. Remember that if you want to change your Medigap plan after open enrollment and do not qualify for guaranteed issue rights, you will have to answer questions regarding current health conditions and might have to pay a higher monthly premium.
You cannot be denied coverage within the six-month enrollment period. This begins on the first of the month that you turn 65 and you have Original Medicare Part B. However, suppose you try to enroll in a Medicare Supplement Plan outside of the open enrollment period or without meeting the guaranteed issue requirements. In that case, the insurance company may deny coverage or increase your premiums based on your health status.
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).
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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