What Are the Specifics of Medicare Supplement Insurance Plans in Alaska?

Alaskans with Medicare Parts A and B may find that not everything they need is covered by their plan, including as copayments, coinsurance and deductibles. This is where Medicare Supplement Insurance plans, also known as Medigap, come in. Medigap fills some of the gaps when certain out-of-pocket costs are not covered by Parts A and B. Medicare Supplement Insurance plans are available from private insurance companies throughout Alaska.

In 2023, Alaskans have 10 Medigap or Medicare Supplement Plans to choose from. These include basic benefits from Plans A, B, D, G, K, L, M and N. Medigap Plans C, E, F, H, I and J are no longer available to those who are newly eligible to Medicare, but those already enrolled in these plans are grandfathered in.

As of January 1, 2020, Medicare Supplement Insurance plans no longer sell Medigap Plans C or F to newly eligible Medicare members. Anyone enrolled in a Medigap Plan C or F on or before December 31, 2019 has been grandfathered in and will be able to continue to use their plan as long as their premiums are paid.

Alaskans looking for the most popular Medicare Supplement Insurance Plans in Alaska need to first look at their specific coverage needs to determine what gaps a Medigap Supplement Plan could cover.

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Most Popular Medicare Supplement Insurance Plans in Alaska

Alaskans have several government-approved Medicare Supplement Insurance Plans to choose from. These plans help protect consumers in most states, including Alaska.

As reported by America’s Health Insurance Plans (AHIP), 19,035 Alaska beneficiaries had Medigap coverage in 2021. Below is the breakdown of the number of Alaska enrollees by each Medigap plan type.

Plan	A	B	C	D	E	F	G	H	I	J	K	L	M	N
Enrollment #	203	74	309	34	28	9,617	5,689	4	140	702	256	163	0	1,782

Source: AHIP (2021)

While a Medigap policy will help pay for things like copayments, coinsurance and deductibles not covered by Medicare Parts A and B, it is important to note that with a Medicare Supplement Insurance plan, you will not receive benefits for prescription drugs. However, you have the option to buy a Medicare Prescription Drug plan or you can consider a Medicare Advantage plan.

Learn more about your Medicare Supplement Insurance plan options in Alaska by working with a SelectQuote licensed insurance agent. Acting as an advocate, our licensed insurance agents can guide you through the Medicare maze to better understand Medigap Plan options, reduce the cost of bridging the gaps and answer any questions through the process. SelectQuote individually shops more than 20 national insurance companies to help you compare Medicare Supplement Insurance plans in Alaska.

Alaska residents cannot be enrolled in a Medicare Supplement Insurance (Medigap) plan and a Medicare Advantage Plan at the same time. A Medigap Plan can also not be used to pay for any expenses for a Medicare Advantage Plan.

When is the Enrollment Period for Alaska Medicare Supplement Plans?

Initial enrollment timeframes are very important. Enrollment for Alaska Medicare Supplement Insurance plans begins the first day of the month you turn at least 65 years old. You also must be enrolled in both Medicare Parts A and B in order to get a Medigap plan.

Alaskans have six months to buy a Medicare Supplement Insurance plan. Alaska residents under the age of 65 can check with the Social Security Administration office for additional enrollment periods.

The best time to enroll in a Medicare Supplement Insurance plan is during the initial six months you are eligible for Medicare. During this important period, companies that offer Medicare Supplement Insurance plans cannot use underwriting during this time. If you apply for Medicare Supplement Insurance outside of this 6-month timeframe, Alaska residents will be subject to a physical exam. If you apply for Medigap coverage after the first six months of eligibility, a company can refuse to sell you a plan or may adjust your premiums depending on your current health status and pre-existing health conditions.

Is an Alaska Medicare Supplement Insurance Plan Right for You?

SelectQuote is an independent third-party company which specializes in helping consumers understand the ins and outs of Medicare. Our licensed insurance agents are here to help ensure you receive all the available Medicare benefits and are a valuable resource to keep you informed of the annual updates insurance companies make to Medicare plans. As a trusted resource, SelectQuote helps Alabama residents determine the right Medicare plan for their needs.

To ensure you are getting all the benefits you need, call to speak with a licensed insurance agent or complete your online form today. Let our team simplify the Medicare enrollment process by comparing rates and independently shopping insurance companies to help you find an affordable option that meets your unique needs.