New Jersey: The Garden State

New Jersey Medicare Plans

At the Benefit Link we work with great insurance companies offering Medicare Supplement plans for New Jersey Senior residents. Many offer the most popular plans like Plan F and Plan G. Let us assist with the basics. New Jersey Medicare plans include 10 standardized options, lettered A – N. Each insurance company must offer at least Plan A, but companies can offer any of the other plans as well.

Our agency works with some of the best New Jersey Medicare Plan F and Plan G insurance companies, such as  AetnaBankers Fidelity, Blue Cross Blue Shield, Cigna, Humana, Mutual of Omaha, and Transamerica.

You can find a complete list of our Medicare insurance providers here.

Medicare Supplement Plans in New Jersey

Medicare Supplement Plans in NJ are additional coverage options available to New Jersey residents who have enrolled in Medicare Part A and B. These supplement plans can help fill in the gaps in Original Medicare, such as deductibles as co-payments. In New Jersey and most other states, there are 10 standardized supplement plans to choose from, ranging from Plan A – Plan N.

Medicare supplement plans in NJ are offered by a wide variety of insurance companies. You’ll find carriers with strong financial ratings and low rate increase trends as well.

new jersey medicare plans

Medicare Supplement Plans in New Jersey – Enrollment

Once you have enrolled in Medicare Parts A and B, you have six months to enroll into a New Jersey Medigap plan without medical questions. This is called your Medigap Open Enrollment Period, and it begins on your Part B effective date. During this window, you can enroll in any Medicare supplement plan in NJ without underwriting. The insurance company must issue a policy regardless of any pre-existing health conditions.

It is considered the best time to enroll in a Medicare supplement plan.

After that window expires, Medicare supplement plans in NJ will have health questions on their applications. You generally must be able to answer NO to the health questions on the application. The underwriter will also review your medication history before issuing a decision to accept you for coverage. If you are denied for coverage, then you might consider Medicare Advantage plans in NJ (more on that below).

Medicare Supplement plans in New Jersey (and everywhere else) do not include retail prescription drug coverage. You can enroll in an affordable standalone Part D drug plan that will help you to pay for your prescriptions.

How to Compare Medicare Supplement plans in New Jersey

Each insurance company sets their own rates for the Medicare supplement plans that it offers. As in most other states, there are a range of factors which affect pricing of Medigap plans in New Jersey. These include your home zip code or county, your gender, and age.

Some of the most popular Medicare supplement plans in NJ are Plan F, Plan G and Plan N. Medicare Supplement Plan F provides the most comprehensive coverage, leaving you with nothing out-of-pocket on your covered medical services. Plan G and Plan N have slightly less coverage but will have lower premiums.

Your licensed expert here at The Benefit Link can provide a custom report comparing Medicare supplement plans in NJ for you. Our software shows us the financial ratings for each company. More importantly, it shows us which carriers have had the lowest rate increases. This helps you to choose a company that has demonstrated rate stability.

If a Medicare Supplement and Part D drug plan cost more than you want to spend, then you should consider a New Jersey Medicare Advantage plan.

Compare New Jersey Medicare Plans

New Jersey Medicare plans options are easy to compare Our software at The Benefit Link can instantly provide quotes from all the major insurance companies in your area. Keep in mind that price should not always be your deciding factor though.

Be sure to ask one of our representatives to analyze the history of rate increases for the companies you are considering. This will help you choose one that has attractive rates and also a good record of reasonable annual increases. While all supplement are subject to healthcare inflation, there are some companies who seem to do a better job of projecting their expenses up front.This can result in stable and reasonable rates for you, the Medicare beneficiary.

Still have questions, or need more information on how to pick the plan that is right for you?

The Benefit Link is here to help! Give us a call and speak to a licensed insurance agent:

Use your retirement income wisely, find out if you qualify for Medicare discounts!

How can we serve you today?

It can be difficult to know whether or not you have proper coverage, but we can help! It’s our passion to provide peace of mind and ensure that you are well informed of your options and receive the best possible rates. Please feel free to call us at anytime, even if it’s just to chat.