Medigap Plans in NJ, also known as Medicare Supplement Plans in NJ, provide protection against Original Medicare out-of-pocket cost, such as deductibles, copayments / coinsurances and excess charges. Without Medigap plans your Medicare health costs could be excessively high.
Medigap Plans in NJ are sold by private insurance companies licensed in New Jersey. Most of Medigap regulations are shared by all US states (with the exception of Massachusetts, Minnesota, and Wisconsin). In particular, Standardized Medigap Plans in NJ lay out the sets of plans and benefits specific to each plan. These benefits are the same in all states, for all Medigap vendors that offer that particular plan.
Here is the list of the major common benefits of Medicare Supplement Plans:
- There is no network for Medigap Plans in NJ
- All Medigap Plans in NJ are guaranteed renewable
- Medicare Supplement benefits are paid by Medigap vendors after Medicare has paid its share of the bill
- Medigap Plans in NJ provide extra benefits that are not a part of Original Medicare
Medigap premiums in NJ are established using the following factors:
- Zip code (and sometimes a County within the zip code)
- Whether or not you are a tobacco user.
Rates are normally higher in urban areas and lower in rural areas. Female rates are typically lower than male rates by 10-15%. Some New Jersey carriers add extra benefits outside of the standard benefits, such as the Vision Plan discount. Contact Liberty Medicare for more information.
Medigap Plans in NJ: Specific Medigap Regulations
The New Jersey law allows Medicare providers to charge more than what Medicare allows. This difference is known as Extra Charges. Medigap Plans in NJ that do not include Extra Charges (Medigap Plan C and Medigap Plan D) are less expensive than plans that include them (Medigap Plan F and Medigap Plan G).
There are no Federal Government requirements forcing Medigap carriers to sell Medicare policies to people under the age of 65 (Medicare due to disability). However, New Jersey has added requirements that allow people under 65 to get Medicare Supplement. The requirements are:
- Medigap Plan C is available for people age 50-64 enrolling at the Medigap Open Enrollment
- Medigap Plan C is available for people age 50-64 entitled to Guaranteed Issue Rights
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.
Besides the standard Guaranteed Issue Rights, some states have additional special Guaranteed Issue windows, such as 30-day birthday period. New Jersey is not one of them. A household discount is allowed to be applied to Medigap policies in New Jersey, and several Medicare Supplement vendors present the discount to their clients.
Liberty Medicare list of New Jersey Medigap carriers
New Jersey Medicare Supplement providers represented by Liberty Medicare offer many types of Medigap plans. Some of them sell all standardized plans, others – just some of them. Vendors’ premiums for Medigap plans in NJ are varied – contact Liberty Medicare for help with selecting your Medigap plan.
- AARP / United Healthcare
- Aetna Senior Products
- Cigna / Loyal American
- Manhattan Life
- Philadelphia American Life
- Transamerica Premier Life
- United of Omaha
Let Liberty Medicare Help you to Select one of the Medigap Plans in NJ
Liberty Medicare is here to help you in all aspects of selecting and enrolling in the top New Jersey Medicare Supplement Plan that’s best for you.
All of our many services are offered to you at no cost. We’ll help you:
- Find all available plans and compare their benefits
- Determine your eligibility (particularly if medical underwriting is required)
- Find the least expensive Medigap plan and enroll into it
Learn more about all benefits of working with Liberty Medicare.
If you are looking for Medicare Supplement coverage, let us guide you. To view real quotes from providers of Medigap plans in NJ, please fill out our Medicare Supplement Quote form, or give us a call at 877-657-7477.