What Should I Know About Medicare Supplement Insurance Plans in New York?

If you’re about to celebrate your 65th birthday, it’s time to start thinking about Medicare insurance. One thing you might not know is that there are gaps left in coverage by Medicare Parts A and B, including copayments, coinsurance and deductibles. Thankfully, a Medicare Supplement Insurance plan is one option to help cover these expenses. Also known as Medigap, Medicare Supplement Insurance plans assist with out-of-pocket healthcare costs and are available from private insurance companies throughout New York.

In 2023, residents of New York have many Medigap or Medicare Supplement 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.

New York residents looking to enroll in a Medicare Supplement Insurance plan should first look at their specific coverage needs to determine what Medigap plan to consider.

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What Are the Most Popular Medicare Supplement Insurance Plans in New York?

Government-approved Medicare Supplement Insurance plans help protect consumers in most states, including New York. The statistics below offer a view of the most popular Medigap Supplement Insurance plans selected by New York residents. All insurance companies that sell Medigap plans offer the same basic benefits, but those plans may come at different prices depending on where you live and the carrier. Each insurer may not offer each of the 8 Medicare Supplement Insurance plans.

As reported by America’s Health Insurance Plans (AHIP), 482,719 New York beneficiaries had Medigap coverage in 2021. Below is the breakdown of the number of New York enrollees by Medigap plan type.

Plan	A	B	C	D	E	F	G	H	I	J	K	L	M	N
Enrollment #	11,649	12,029	15,532	887	2,673	233,255	52,997	1,522	4,483	5,138	8,924	2,446	5	129,763

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 New York Medicare Supplement Insurance plan will not cover benefits for prescription drugs. However, you can purchase an additional Medicare Prescription Drug plan which provides prescription drug coverage. New Yorkers can also consider a Medicare Advantage plan.

Learn more about your Medicare Supplement Insurance plan options in New York by working with a SelectQuote licensed sales agent. Our licensed insurance agents can guide you through the Medicare maze to help you 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 plans in New York.

New York residents cannot be enrolled in a Medicare Supplement (Medigap) Insurance plan and a Medicare Advantage plan at the same time. A Medigap plan in New York can’t be used to pay for any expenses for a Medicare Advantage plan.

When is the New York Medicare Supplement Plan Enrollment Period?

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

New York residents have a six-month timeframe around their birth month to buy a Medicare Supplement Insurance plan. New York 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 plan is during the initial six months you are eligible for Medicare. There’s no reason to wait until your 65th birthday. You can begin making these important changes at age 64 and 6 months. During this important six-month period, companies that offer Medicare Supplement Insurance plans cannot use underwriting. However, if you apply for a Medicare Supplement Insurance plan outside of this six-month window, you 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 a New York Medicare Supplement Insurance Plan Right for You?

SelectQuote can help New York residents receive all the Medicare benefits available to them. As a trusted independent third-party company that helps consumers understand their Medicare options, we can help keep you current on annual changes made to Medicare plans made by insurance companies. We’re here to help you find the right New York Medicare Supplement Insurance plan to meet your needs and budget.

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.