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.

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:

For illustrative purposes only: The premiums listed are for a 65-year-old female, non-smoker from a local zip code. Many insurance companies offer household discounts - eligibility for premium discounts can be determined when enrolling in a plan. The AM Best rating determines the financial rating of each carrier. No warranties or guarantees of any kind have been expressed.

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:

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.