Medicare Supplement Plans in Northern New Jersey – 2017

Medicare Supplement Plans in Northern New Jersey

Medicare Supplement Plans in Northern New Jersey, also known as Medigap Plans, fill the gaps in Part A and Part B of Original Medicare, such as deductibles, copayments / coinsurances, and excess charges. Without them your Medicare costs could be very high. New Jersey Medigap plans are sold by private insurance companies, and like plans in most other US States, they are standardized. There are 10 Standardized Plans, designated by the letters “A” through “N”. Each of them has its own set of benefits, and these benefits are identical for all vendors. In other words, the benefits of Medicare Supplement Plan F from one vendor are the same as benefits from any other vendors. The difference is just a premium, and it may be significantly different from vendor to vendor. That is why knowledge of Medigap vendors and their premiums in your particular area may be quite important.

Medicare Supplement Plans in New Jersey: Specific Medigap Regulations

Medigap premiums in New Jersey are established using the following factors:

  • Age
  • Zip code (and sometimes a County within the zip code)
  • Gender
  • Whether or not you are a tobacco user.

Rates are normally lower in rural areas and higher in urban areas. Male rates are typically higher than female rates by 10-15%.

The New Jersey law allows Medicare providers to charge more than what Medicare allows – the difference is known as Extra Charges. The Medigap Plans that include Extra Charges (Medigap Plan F and Medigap Plan G) are more expensive than plans that do not include them (Medigap Plan C and Medigap Plan D).

For people having Medicare due to disability under the age of 65, New Jersey has added requirements that allow people under 65 to get Medicare Supplement. The requirements are:

Most New Jersey Medicare Supplement providers offer Medigap Plan C for people age 40-64. The cost is typically equal to that for individuals who are 65 years old, but for some companies it is significantly higher.

New Jersey does not have any additional special Guaranteed Issue windows, such as 30-day birthday period. A household discount is allowed in New Jersey, and several Medicare Supplement vendors include it. The typical discount is 5 to 7 percent.

To find more about Medigap plans in New Jersey, read New Jersey Medicare Supplement Plans (Medigap Plans).

Medicare Supplement Plans in Northern New Jersey: Bergen, Essex, and Passaic Counties.

There are about 15 Medigap vendors in Northern New Jersey. Most of them are on the list of Liberty Medicare Medigap carriers. We only deal with highly respected companies. Only three of them have AM Ratings B+ and B++; the rest have ratings A-, A, and A+.

There are some well known names, such as AmeriHealth, AARP, Aetna, United of Omaha, and Transamerica Premier Life. Some of them have attractive rates in Northern New Jersey. But there are also companies that are smaller and less known, and they often provide real Medigap Plans bargains. Have you heard of the companies Manhattan Life, Cigna / Loyal American, Americo, and Philadelphia American Life Insurance. They have high rating (B+, A-, A and B++) and provide one of the best Medicare Supplement Rates in Northern New Jersey. And the premium is the only real difference in the world of standardized Medigap plans.

In the tables below you’ll find the range of premiums for different ages in Northern New Jersey. The presented data are for Bergen, Essex and Passaic Counties.

Table 1. Range of Medigap premiums for Age 50 in Northern New Jersey – Bergen, Essex and Passaic Counties.

Medicare Supplement Plans
Gender Plan C
Female $168-$216
Male $168-$244

 

Table 2. Range of Medigap premiums for Age 65 in Northern New Jersey – Bergen, Essex and Passaic Counties.

Medicare Supplement Plans
Gender Plan F Plan G Plan N
Female $155-$206 $133-$164 $106-$127
Male $163-$233 $147-$188 $113-$147

 

Table 3. Range of Medigap premiums for Age 70 in Northern New Jersey – Bergen, Essex and Passaic Counties.

Medicare Supplement Plans
Gender Plan F Plan G Plan N
Female $180-$369 $145-$194 $123-$246
Male $198-$369 $155-$223 $129-$246

 

Table 4. Range of Medigap premiums for Age 75 in Northern New Jersey – Bergen, Essex and Passaic Counties.

Medicare Supplement Plans
Gender Plan F Plan G Plan N
Female $209-$369 $168-$220 $146-$246
Male $238-$369 $188-$252 $152-$246

 

If you live in Northern New Jersey, please contact us if you need help selecting and enrolling in Medigap Plans. Use our very extensive list of Medigap carriers, and find a reputable vendor with the most affordable rate.

For more information, read Compare Medicare Supplement Plans and How to Find Affordable Medicare Supplement Plans.

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For help finding the best Medicare or Individual Health Plan for you, please contact Liberty Medicare or call us at 877-657-7477.

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