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, Cigna offers the best monthly rates for the most comprehensive plan, Medicare Supplement Plan G, at $113.35 per month.
• Cigna also offers the best rates for Medicare Supplement Plan N at $73.34 per month, for those that want the best monthly value without compromising coverage.
• If you are wanting the lowest possible monthly premium, 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, Cigna is the best Medicare Supplement company in Tennessee.

While Cigna 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, 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 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 $113.35 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:

Best Time to Apply for a Medicare Supplement Insurance Plan in Tennessee

• The six-month open enrollment period for a Medicare Supplement plan begins the first of the month that you turn 65 years old.
• You must also be enrolled in Medicare Part B.

You must sign up during open enrollment to avoid higher premiums or missing out on Medigap altogether. However, if you miss the Medigap Open Enrollment Period, you could still utilize a Special Enrollment Period.

With this approach, you may be able to qualify for Guaranteed Issue Rights, which require insurance companies to offer you specific Medigap policies. In addition, it entitles you to receive coverage for all pre-existing health conditions and protects you from being charged extra for any policy if you have had health issues in the past or present.

If you don't miss the open enrollment period, an insurance company cannot deny you supplemental insurance based on pre-existing conditions or charge you a higher monthly premium.

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.

FAQ:

When Can I Change Medigap Plans?

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.

There may be several reasons you want to switch providers or plans:

• First, you don't need the benefits you have. Second, maybe you want to pay a lower monthly premium.
• Finally, you want to switch insurance providers.

Keep in mind that if you want to change your Medigap plan after open enrollment, you will have to answer questions regarding current health conditions and might have to pay a higher monthly premium.

Can I Be Denied Medigap Coverage?

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.

You may be denied coverage if you apply for Medicare Supplemental insurance after this enrollment period.

However, suppose you qualify for a Special Enrollment Period. In that case, you will have guaranteed issue rights, meaning insurance companies have to offer you a Medigap policy to cover all pre-existing conditions, even if you are outside open enrollment.

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.