Call Now: 866-502-1292
Home » Florida

Compare All Medicare Supplement Plans Available In Florida

Medicare Supplement Plans In Florida

Did you know that Medicare Supplement insurance is a tool millions of Americans use to lower their out of pocket costs in Medicare? If you’re not sure how it works, or whether it is a fit for you, read this short guide to Medicare Supplement Plans in Florida.

Why Does Medicare Supplement Insurance Exist?

Medicare Supplement Insurance is designed to lower or eliminate the amount of money you spend out of pocket when you use your Medicare benefits. Since Medicare wasn’t designed to be free, there are a number of costs that you’re expected to pay along the way. The costs that you’ll encounter include:

  • Part A deductible
  • Part A co-insurance for lengthy hospital stays
  • Part A co-insurance for hospice care
  • Part A co-insurance for lengthy skilled nursing facility stays
  • Part B deductible
  • Part B co-insurance (20% of the cost for all Part B expenses, after you’ve met the Part B deductible)
  • Part B excess charges (up to 15% beyond the standard 20% co-insurance, but only applicable in specific cases)
  • Care received outside of the United States (Medicare generally doesn’t work outside the U.S.)

These expenses can add up during the course of a year, or over your lifetime. Unfortunately, Original Medicare doesn’t provide any sort of cap or limit on your out of pocket spending. If you need a lot of care for a serious illness, you can be exposed to very high costs, even if you’re only responsible for 20% of the cost of your care. This is what Medicare Supplement was designed to help you with: lower or eliminate your out of pocket costs.

How Do Medicare Supplement Plans Work?

Medicare Supplement, or Medigap plans as they’re often called, are issued by private insurance companies. Although Medigap plans are private insurance coverage, they are regulated at the state and federal level. Federally, Medicare Supplement plans are regulated by various laws and also by the Centers for Medicare and Medicaid Services (CMS). The individual states have the ability to regulate the premiums charged by insurance companies as well as whether or not people who qualify for Medicare before age 65 are allowed to get Medigap plans. For Florida Medicare Supplement plans, you can get coverage if you’re under 65 years old. However, the premiums tend to be significantly higher than for people aged 65 and over, so this may not be a viable option for everyone. Medicare Supplement plans have been standardized throughout most of the United States. 47 states, including Florida, plus Washington, DC, have standardized their Medigap plans. In these states, there are 11 Medigap plans available: Plans A, B, C, D, F, High Deductible F (HDF), G, High Deductible G (HDG), K, L, M, and N. Every one of these standardized plans offers a different coverage of the costs for Medicare. This gives you 11 options to find the right mix of coverage and cost to fit your needs. It also makes it very easy to shop for coverage, because the benefits provided by each standardized plan are the same in all 47 participating states.

What Are Some Popular Medicare Supplement Plans In Florida?

While there are a total of 11 Medigap plans available today, some are more popular than others. For one thing, federal legislation removed three options for some Medicare Beneficiaries: Plans C, F, and High Deductible Plan F are no longer available to people who become eligible for Medicare after December 31, 2019. Besides this, consumers tend to be attracted to the benefits provided by Plans G and N, so we’ll review the details of those two plans.

Medigap Plan G

Plan G is the most comprehensive plan available for people who become eligible for Medicare after December 31, 2019. Even for people who had Medicare coverage before that date, Plan G is extremely popular. Medigap Plan G covers all of your out of pocket Medicare costs except for the Part B Deductible. With Plan G, you’ll have to pay the Part B deductible out of pocket at the beginning of each year. Once you’ve met that (for 2022 it’s only $233), Plan G covers 100% of your Medicare costs for the rest of the year. Plan G also provides emergency coverage while you’re outside of the United States. Plan G, because of its comprehensiveness, is among the most expensive plans in terms of premium cost.

Medigap Plan N

Plan N is only slightly less comprehensive than Plan G, but noticeably less expensive in terms of premiums. With Plan N, these are the costs you’ll have to pay:

  • Part B deductible
  • $20 co-payments for office visits
  • $50 co-payments for emergency room visits (waived if you’re admitted to the hospital)
  • Part B excess charges (if applicable)

Excess charges are amounts imposed only by providers who don’t accept Medicare’s pricing. However, most providers do accept Medicare’s pricing, so it’s unusual to encounter excess charges. Plan N also covers you outside of the country.

Who Is Eligible For Florida Medicare Supplement Plans?

To be eligible for Florida Medicare Supplement plans, you have to be actively enrolled in Parts A and B of Original Medicare. As discussed earlier, you can get this coverage if you’re younger than 65, but you might find it to be expensive. People who get Medicare before age 65 may want to consider Medicare Advantage until they reach 65. Once they turn 65, they’ll have access to the standard Medigap pricing, which is much lower than for people under 65. Most people get to enter Medicare when they turn 65. When this is the case, you’ll have the opportunity to enroll in a Florida Medicare Supplement plan once you have your Medicare Number and know your Part A and B effective date. However, if you work past age 65 and delay your Part B benefits, don’t worry: you’ll have the chance to activate your Part B, and enroll in a Medigap plan, once your employer coverage ends.

FAQ About Medicare Supplement Plans In Florida

Can I switch from Medigap to Medicare Advantage?

Yes. If you want to do this, you’ll have to drop your Medigap plan and enroll in a Medicare Advantage plan during the Annual Election Period (AEP). AEP runs from October 15th to December 7th of each year.

When is the best time to enroll in a Medicare Supplement Plan?

The best time to enroll is during your Medigap Open Enrollment Period. This enrollment period lasts for six months. It begins only when you are both 65 or older and active in Part B. During your open enrollment period, your acceptance in a Medigap plan is guaranteed, and you can’t be charged higher premiums due to your health.

Can I switch Medigap plans?

You have the right to switch, but you may not be able to in some cases. If you apply for Medigap coverage outside of your Medigap Open Enrollment Period, you will probably have to answer health-related questions; your application may be denied, and you could be charged higher premiums due to your health status.

Do Medicare Supplement Plans cover dental, vision, or hearing?

No. You’ll need to look into getting separate coverage for those services.

Do Medicare Supplement Plans cover prescription drugs?

No. You’ll need to enroll in a standalone Part D drug plan in order to get help paying for your medications.

Selection Matters Most When You Choose a Medicare Supplement Plan

Every Medicare Supplement plan with the same plan letter (F, G, etc) offers precisely the same benefits to you, but prices vary widely from one insurer to another. It’s in your best interest to have access to as many plans by as many insurers as possible when you make your Medicare Supplement plan.

That’s where Medicare Consumer comes in. When you speak with our experts you get access to plans from dozens of different insurers. They’ll guide you to the right plan for you at the best possible rate.

Get Started


Medicare Consumer

Medicare Resources

Medicare Plan Carriers

Medicare Plans

Follow Us for Medicare Updates is a non-government agency and is on a mission to help current and future Medicare recipients find the best Medicare supplement plan for their unique needs. Medicare insurance logos as seen on belong to the respected trademark owners in our available network of Medicare insurance carriers. Any and all rate quotes for Medicare supplement plans are free to consumers and you are not obligated to purchase any plan from any carrier.

Participating sales agencies do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact or 1–800–MEDICARE to get information on all of your options.

Participating sales agencies represent Medicare Advantage [HMO, PPO, PFFS, and PDP]organizations that are contracted with Medicare. Enrollment depends on the plan’s contract renewal.

Enrollment in the described plan type may be limited to certain times of the year unless you qualify for a special enrollment period.

© 2024, All Rights Reserved.