There is a constant surge in healthcare costs. Consequently, the out-of-pocket cost you pay for the services not covered in the Original Medicare is also high. Factually speaking, Medicare covers only eighty percent of your total medical cost. Following a survey report, it was concluded that a person with Medicare spent around $5460 as an out-of-pocket expense toward healthcare on average. In the same year, half of the Medicare beneficiaries spent a minimum of twelve percent of their income on out-of-pocket expenses. On the other hand, one-fourth of them spent approximately twenty-three percent of their income on these expenses.
Supplemental insurance is an option for those who wish to have coverage on aspects that do not come under general policies. Here is a list of the best supplemental health insurance companies:
Cigna
Cigna is one of the leading specialty insurance providers in the country. Their supplemental health insurance plans are widely available and are indeed one of the best you can find.
With them, you can avail yourself of competitive premiums. More so, their policies are available presently in 38 states around the country. Moreover, if you shop via Cigna’s Household Premium Discount plan and both you and your partner sign on with a policy, then you can even get a discount.
One of the best things about Cigna’s supplemental health insurance plans is that even though their prices are relatively low, they do not compromise on quality. They will provide you with the policies, which complement Medicare Parts A, B, and D, along with a couple of other less prevalent Medicare benefit plans.
A few of Cigna’s higher plans also comprise international coverage in case of emergencies. Typically, you are allowed to have your primary care physician, as Cigna accepts Medicare coverage even if your physician is not a part of Cigna’s network. In addition, barring extenuating circumstances, you get a guaranteed renewable for life on your Cigna policy. Hence, there is no worry about suddenly being dropped from your plan.
Mutual of Omaha
Since 1909, Mutual of Omaha has been providing in-depth, top-notch insurance plans. To move well with the times, they have an uncluttered, straightforward website, which has a comparison checklist. You can browse through this checklist and decide which supplemental health insurance plan works best for you. You also have an option to include additional coverage, such as prescription medication coverage or dental coverage, in your policy.
Further, the company provides you with a seven percent discount if your domestic partner or spouse is applying for it or has applied for coverage with their company or any company affiliated with them.
Unfortunately, the company provides you with only three plans: G, F, and N. To get the quotes; you will have to provide personal details, such as Zip code, date of birth, and sex. They are also available via phone or online chat to answer your tailored quotation.
Aetna
Another one of the best Medicare supplement providers that you can reach out to is Aetna. They have been lauded with the AM Best score of A. Presently, you can avail of only the plans N, G, F, B, and F of the Medicare supplement plans with them. The good thing is all of their plans are available at a relatively competitive rate. Unfortunately, this implies that you will have to shop for the supplement plan from any other provider if you require the plans M, L, K, D, or C.
Manhattan Life Medicare Supplement
This company has been around since 1850 and has one of the longest track records for being a reputed modern-day independent insurance company. Manhattan Life is a financially stable company with a B+ AM Best rating. Unfortunately, you will not be eligible for their supplemental coverage if you are over 85 years. Also, their vision, hearing, and dental plans are not accessible to citizens from all states.