Best Medicare Supplement Plans in Iowa
Medicare Supplement insurance in Iowa pays coinsurance, deductibles, copayments, and other costs that Original Medicare does not cover. There are ten Medicare Supplement plans available to Medicare beneficiaries.
- Of the ten plans offered in Iowa, we found Medicare Supplement Plan G is the best overall plan with the most comprehensive coverage. Aetna offers the cheapest Plan G rates, coming in at $108.21 per month.
- Medicare Supplement Plan N is a great value option for those who don’t mind trading some benefits for a cheaper monthly premium. Mutual of Omaha offers the best rates for Plan N, at $77.24 monthly.
- And for those wanting the lowest monthly rate, High Deductible Plan G from Mutual of Omaha offers the best rate at $36.37 per month. This plan has an annual deductible of $2,700 that needs to be met before medical claims are paid.
Below are highlights of the features and benefits of each plan.
Aetna Medicare Supplement Plan G
- Aetna's Medicare Plan G is the perfect plan for those who are looking for comprehensive coverage and numerous benefits.
- Except for the Medicare Part B deductible, this plan covers many of your out-of-pocket costs.
Medicare Plan G provides comprehensive healthcare coverage that offers many benefits, including:
- Coverage for Part B excess fees, the Medicare Part A deductible and all coinsurance costs associated with Part B.
- No required referrals.
- Access to any medical provider who accepts Original Medicare.
Plan Costs: $108.21
*Quotes for a 65 year old non smoking female, in zip code 52240.
Mutual Of Omaha Medicare Supplement Plan N
- If you’re seeking Medigap insurance that won’t break the bank, Mutual Of Omaha Medicare Plan N is your best bet. Offering a lower premium than Plans F and G, it offers cheaper coverage without sacrificing quality.
Plan N provides several advantages 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
Plan Costs: $77.24
*Quotes for a 65 year old non smoking female, in zip code 52240.
Mutual Of Omaha High Deductible Medigap Plan G
- If you're looking for an affordable alternative to the conventional Medicare Supplement Plan G, Mutual Of Omaha High-Deductible Plan G is a terrific choice. It offers identical coverage as the regular version of this plan, but requires payment of an initial deductible of $2,700 prior to paying medical claims.
Plan Costs: $36.37
*Quotes for a 65 year old non smoking female, in zip code 52240.
Aetna Of Omaha Medicare Supplement Plan F
- Aetna Medicare Plan F offers the best possible coverage, including all deductibles for Parts A & B, and all coinsurances. In order to qualify, individuals must have enrolled in Original Medicare before January 1st of 2020.
Plan Costs: $118.70
*Quotes for a 65 year old non smoking female, in zip code 52240.
What's the Best Medicare Supplement Company in Iowa?
Based on our review of several key factors, Aetna is the best Medicare Supplement company in Iowa.
While Aetna Medigap plans tend to be more affordable in Iowa, 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, Aetna 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 Aetna that are also available in Iowa, including sample premiums, ratings, and market share:
Cigna
Market share: 2.26%
Plan G cost: $140.20
Plan N cost: $91.51
Financial strength: A
Mutual of Omaha
Market share: 5.88%
Plan G cost: $111.41
Plan N cost: $77.24
Financial strength: A+
Aetna
Market share: 13.48%
Plan G cost: $108.21
Plan N cost: $79.30
Financial strength: A
United Healthcare
Market share: 5.09%
Plan G cost: $108.35
Plan N cost: $97.90
Financial strength: A
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 Iowa?
The best price for Medicare Supplement Plan G in Iowa is $108.21 per month with Aetna.
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
$118.70
$108.21
$77.24
$36.37
$100.71
$35.75
Plan Popularity in Iowa
60%
45%
25%
15%
8%
-1%
Quotes are for sample purposes only. Prices are the average monthly rate in Iowa 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 Medicare benefits because pricing and plan options from a Medicare insurance company are better; applying outside of this period means you may be charged more for health conditions or denied altogether. For age specifics, see below.
Turning age 65 or older:
- The Enrollment Period begins the month you start Part B coverage and lasts for six months.
- This period can't be changed or repeated.
Under 65:
- Enrollment may not be possible unless you have a disease or syndrome. Several states require Medigap insurance companies to sell policies to those under 65 with a disability or ESRD (end-stage renal disease). These plans generally cost more.
If You Have Group Health Coverage Through an Employer or Union:
Seniors with group health coverage should wait to apply for a Medigap policy. When your group coverage ends, you will have a six-month open enrollment period where you can enroll in Medigap without being charged more. You may also receive a special enrollment period if you move out of your plan's coverage area.
FAQ:
When Can I Change Medigap Plans?
Changing Medigap plans can be done at any point. However, when switching plans outside of the initial enrollment period, you could be denied coverage or have your rates increased due to a health condition or medical issues.
Can I Be Denied Medigap Coverage?
In Iowa, you cannot be denied coverage for a Medicare insurance policy unless you try to apply outside an enrollment period. You may be accepted at a higher premium or be denied altogether when outside your enrollment period.
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.
For over 15 years, Matt Kiggins has been the senior editor at Senior Life Insurance Plans, 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).
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