What Do I Need to Know about Medicare Supplement Insurance Plans in Florida?

Snowbirds and Native Floridians alike can benefit from knowing about Medicare Supplement Insurance plans in Florida. Also referred to as Medigap, Medicare Supplement Insurance fills some of the gaps between what’s covered by Medicare Parts A and B what isn’t, including copayments, coinsurance and deductibles. A Medicare Supplement Insurance plan in the Sunshine State can help policyholders navigate out-of-pocket healthcare costs. Medigap Insurance options are available from private insurance companies throughout Florida.

In 2023, Florida residents have 10 Medigap or Medicare Supplement Insurance plans from which to choose. 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.

Florida residents looking for the most popular Medicare Supplement Insurance plans should first look at their specific coverage needs to determine what type of Medigap plan to consider.

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Most Popular Medicare Supplement Insurance Plans in Florida

Government-approved Medicare Supplement Insurance plans help protect consumers in most states, including Florida. The statistics below show a sampling of stats outlining the most popular Medigap plans selected by Floridians. Insurance companies that offer Medigap plans offer the same basic benefits, but those plans may come at different prices. Each insurer may not offer each of the available Medigap Supplement plans in Florida.

As reported by America’s Health Insurance Plans (AHIP), 925,872 Florida beneficiaries had Medigap coverage in 2021. Below is the breakdown of the number of Florida enrollees by Medigap plan type.

Plan	A	B	C	D	E	F	G	H	I	J	K	L	M	N
Enrollment #	5,826	18,981	37,679	33,167	5,583	528,829	134,682	1,025	3,944	51,704	7,680	3,076	91	89,828

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 your Florida Medicare Supplement Insurance plan will not cover benefits for prescription drugs. However, you can buy an additional Medicare Prescription Drug plan to cover prescription drug costs or consider a Medicare Advantage plan.

Learn more about your Medicare Supplement Insurance plan options in Florida 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 and answer any questions you might have throughout the process. SelectQuote individually shops more than 20 national insurance companies to help you compare Medicare Insurance plans in Florida.

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

When is the Florida Medicare Supplement Plan Enrollment Period?

Initial enrollment timeframes are very important. Enrollment for Medicare Supplement Insurance plans in Florida 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.

Florida residents have a six-month period surrounding their birth month to buy a Medicare Supplement Insurance plan. Florida 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 six-month period, companies that offer Medicare Supplement Insurance plans cannot use underwriting during this time. If you apply for Medicare Supplement Insurance outside of this timeframe, you’ll be subject to a physical exam. If you apply for Medigap coverage after your 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. It is beneficial for residents in Florida to enroll as soon as they are eligible. In fact, you can make important choices as early as age 64 ½.

Is a Florida Medicare Supplement Insurance Plan Right for You?

SelectQuote can help ensure you are getting all the available benefits you can. Our trusted licensed insurance agents can help you stay up to date on annual updates to Medicare plans made by insurance companies. As an independent third-party company that specializes in helping consumers understand Medicare Insurance options, SelectQuote can help Florida residents find the right Medicare Supplement Insurance plan to meet 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.