Vermont Medicare Supplement Plans: Medicare in Vermont

Medicare Supplement Insurance Plans in Vermont

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What Do I Need to Know About Medicare Supplement Insurance Plans in Vermont?

It’s important for Vermont residents who are approaching age 65 to learn about Medicare Insurance options, including Medicare Supplement Insurance plans. Medicare Parts A and B help cover expenses like hospital and doctor visits, but there are gaps in coverage for costs like copayments, coinsurance and deductibles. Thankfully, Medicare Supplement Insurance plans can help. Also referred to as Medigap, Medicare Supplement Insurance plans help take care of out-of-pocket expenses that Original Medicare doesn’t cover. It’s easy to find a Medigap plan, as they are available from private insurance companies throughout the state of Vermont.

Medicare Supplement Insurance Plans in Vermont - Image

In 2023, Vermont residents 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

Vermont residents looking for a Medicare Supplement Insurance plan should first look at their specific coverage needs to determine what Medigap plan they might want to consider.

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Most Popular Medicare Supplement Plans in Vermont

Government-approved Medicare Supplement Insurance plans help protect consumers in most states, including Vermont. The statistics below provide an overview of the most popular Medigap plans chosen by Vermont residents. Insurance companies that offer Medicare Supplement Insurance plans offer the same basic benefits, but those plans may come at different prices based on your place of residence and insurance carrier. Each insurer may not offer each of the available Medigap Plans.

As reported by America’s Health Insurance Plans (AHIP), 52,542 Vermont beneficiaries had Medigap coverage in 2021. Below is the breakdown of the number of Vermont enrollees by Medigap plan type.

Plan	A	B	C	D	E	F	G	H	I	J	K	L	M	N
Enrollment #	899	415	9,908	2,620	1,295	17,304	4,169	160	32	2,835	323	139	0	12,261

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 Vermont Medicare Supplement Insurance plan does not include coverage for prescription drugs. However, you can buy an additional Medicare Prescription Drug plan or consider a Vermont Medicare Advantage plan.

Learn more about your Medicare Supplement Insurance plan options in Vermont by working with a SelectQuote licensed insurance agent. Acting as your advocate, our team 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 plans in Vermont.

Vermont 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 related to a Medicare Advantage plan.

Vermont Medicare Supplement Plan Enrollment Period

Initial enrollment timeframes are very important. Enrollment for Medicare Supplement Insurance plans in Vermont begins the first day of the month you turn 65 years old. In some special cases, enrollment could happen prior to this time. You also must be enrolled in both Medicare Parts A and B in order to get a Medicare Supplement Insurance plan.

Vermont residents have a six-month window surrounding their birth month to buy a Medicare Supplement Insurance plan. Those 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. At the age of 64 and 6 months, you can begin to make important Medicare choices, so enroll as soon as you’re eligible. During this 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 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.

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Is a Vermont Medicare Supplement Insurance Plan Right for You?

SelectQuote can help Medicare recipients in Vermont understand their benefit options. As an independent third-party company specializing in helping consumers navigate the ins and outs of Medicare, SelectQuote can help you access all the benefits available to you. In addition, we can keep you informed about annual Medicare plan changes. Contact a SelectQuote licensed insurance agent today to help you find the right Vermont Medicare Supplement Insurance plan for 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.

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