What to Know About North Carolina Medicare Supplement Insurance Plans

North Carolina residents who are approaching their 65th birthday may not know about the benefits of Medicare Supplement Insurance plans. Medicare Supplement Insurance plans are a way to bridge some of the gaps between what is and isn’t covered by Medicare Parts A and B, like copayments, coinsurance and deductibles. Also referred to as Medigap, these plans are available from private insurance companies throughout North Carolina.

In 2023, residents of North Carolina have many 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.

North Carolina residents looking for a Medicare Supplement Insurance plan should start by looking at their specific coverage needs to determine what Medigap plan they should consider.

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Most Popular Medicare Supplement Insurance Plans in North Carolina

Government-approved Medicare Supplement Insurance plans help protect consumers in most states, including North Carolina. The statistics below offer a look at the most popular Medigap Supplement plans selected by North Carolina residents. The insurance companies that sell Medigap plans offer the same basic benefits, but those plans may come at different prices depending upon your location and the insurance carrier. Each insurer in North Carolina may not offer each of the available Medicare Supplement Insurance plans.

As reported by America’s Health Insurance Plans (AHIP), 494,578 North Carolina beneficiaries had Medigap coverage in 2021. Below is the breakdown of the number of North Carolina enrollees by Medigap plan type.

Plan	A	B	C	D	E	F	G	H	I	J	K	L	M	N
Enrollment #	2,022	1,544	6,493	3,540	618	223,072	204,699	198	1,740	14,524	1,524	832	56	32,239

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 North Carolina Medicare Supplement Insurance plan will not cover benefits for prescription drugs. However, you can buy an additional Medicare Prescription Drug plan or consider a North Carolina Medicare Advantage plan.

Learn more about your Medicare Supplement Insurance plan options in North Carolina by working with a SelectQuote licensed insurance agent. Acting as your advocate, we can guide you through the Medicare maze to better understand your Medicare plan options and answer whatever questions you might have throughout the process. SelectQuote individually shops more than 20 national insurance companies to help you compare Medicare plans in North Carolina.

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

When is the North Carolina Medicare Supplement Plan Enrollment Period

Initial enrollment timeframes are very important. Enrollment for Medicare Supplement Insurance plans in North Carolina begins the first day of the month you turn 65 years old. There are some special cases for enrollment prior to age 65. You also must be enrolled in both Medicare Parts A and B in order to enroll in a Medigap plan.

North Carolina residents have a six-month period surrounding their birth month to buy a Medicare Supplement Insurance plan in North Carolina. North Carolina 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. Time is of the essence; you can enroll at age 64 and 6 months and begin to make these important choices before your 65th birthday. During this important six-month period, companies that offer Medicare Supplement Insurance plans cannot use underwriting. However, if you apply for Medicare Supplement Insurance outside of this six-month timeframe, 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 North Carolina Medicare Supplement Insurance Plan Right for You?

It’s important to stay current on annual updates to Medicare plans made by insurance companies. A SelectQuote licensed insurance agent can help you stay up-to-date on plan details and ensure you’re getting all the benefits available to you. As an independent and trusted third-party company that helps consumers understand their Medicare options, SelectQuote is here to help you find the right North Carolina Medicare Supplement Insurance plan to meet your 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.