Medicare Supplement Plans in Reno, Nevada
Do you need more coverage than Original Medicare offers? At Senior Insurance Agency, we’ll help you find Medicare supplement plans to cover your out-of-pocket costs.
Get Started
Reno Medicare Supplement Companies
Medicare supplement plans in Reno, NV are offered by private insurance companies that are regulated by the Department of Insurance and the National Association of Insurance Commissioners. These plans cover copays, coinsurance, and deductibles that are left over after Original Medicare pays.
Nevada residents have 10 types of Medicare supplement plans to choose from. We’ll help you compare your options so you can make an informed decision about your healthcare.
Types Of Medicare Supplement Plans Available in Reno
There are 10 total supplement plans for Medicare in Reno, NV. Let’s look at some of the most popular options you may hear about in your search.
All Medicare Supplement plans pay as secondary insurance to Original Medicare. This means that all 10 Medicare Supplement plans give access to the nationwide Medicare provider network. All Medicare supplement plans also provide an extra 365 of hospitalization coverage passed Original Medicare, and many offer a foreign travel emergency benefit.
Plan F
Historically, Medicare supplement plan F has been one of the most popular plans on the market. It offered the most comprehensive coverage of all Medigap plans, covering all costs after Original Medicare. While plan F has higher premiums than some other supplement plans, it also provides more extensive coverage.
However, plan F is currently being phased out. This means that it is only available to those who became eligible for Medicare before January 1st, 2020.
Plan G
As plan F is being phased out, Medicare supplement plan G has become a popular alternative. Plan G offers very similar coverage to plan F, making it a good option for beneficiaries in search of comprehensive coverage.
There is only one key difference between plan F and plan G: coverage for the annual Part B deductible. While plan F covered the Part B deductible, plan G does not. For new Medicare Beneficiaries, Plan G is now the most comprehensive supplement plan available.
Plan N
Medicare supplement Plan N is another popular choice among beneficiaries. This plan offers more affordable monthly premiums than Plan G and less coverage, but is still well-rounded and reliable.
With Plan N, you will not have coverage for the Part B deductible and excess charges. You may also have copays for doctor visits and emergency room visits. Outside of these scenarios, Plan N offers comprehensive coverage for out-of-pocket costs.
High Deductible Plan G
Medicare High Deductible Plan G is a Medigap policy designed to offer comprehensive coverage for beneficiaries, with the trade-off of a higher annual deductible.
This plan provides all the benefits of standard Medicare Plan G, such as covering Part A coinsurance and hospital costs, Part B coinsurance or copayments, the first three pints of blood, Part A hospice care coinsurance or copayment, skilled nursing facility care coinsurance, and Part B excess charges.
However, beneficiaries must first meet a substantial annual deductible before the plan begins to pay. This can result in lower monthly premiums compared to other Medigap plans, making it an attractive option for healthier individuals or those who prefer lower upfront costs in exchange for the higher deductible.
Based in Sparks | Serving all of Nevada
Medicare Supplement Plans in Reno – Senior Insurance Agency
Get healthcare peace of mind with a Medicare supplement plan. We’re here to help you explore your options.
Get Started
Compare Medicare Supplements Plans in Reno, Nevada
Nevada residents have plenty of choice when it comes to Medicare supplement plans. However, this can make it tricky to narrow down your options.
At Senior Insurance Agency, we help potential beneficiaries understand their Medicare options and make informed insurance decisions. We know that navigating Medicare can be a challenge, so we’ll get to know your unique needs and answer any questions you may have.
Our team will walk you through the supplement plans available to you, comparing the pros and cons of each. With this information, you can choose a plan that suits both your healthcare needs and your financial needs.
Why Choose Us?
At Senior Insurance Agency, we’ve been helping Nevada residents get healthcare coverage since 1986.
Our knowledgeable, compassionate agents put you first — we focus on answering your questions and comparing your options, rather than making a sale. We stay up-to-date with the latest changes to Medicare to ensure that you’re getting the most accurate information.
Frequently Asked Questions
The cost of Medicare supplement plans in Reno can vary based on several factors including the specific plan type, the insurance company offering the plan, and the individual’s age, gender and tobacco usage.
In general, premiums for these plans can range from around $85 to $250 per month.
Don’t get overwhelmed by all this. At Senior Insurance Agency, we’re here to help find a plan that aligns with your budget. Get in touch with our team to start the process.
The least expensive supplemental insurance for medigap policy is the high deductible plans. Though these are the lowest coverage plan options. The least expensive policy that offers a more comprehensive coverage is Plan N.
Speak with the knowledgeable agents on our team to learn more and find the best coverage option for your situation.
As of 2023, it’s estimated that nearly half of Medicare beneficiaries choose to enroll in a Medicare supplement plan (Medigap) to help cover healthcare costs after Original Medicare pays, such as deductibles, co-payments, and co-insurance.
Medigap plans do not typically have a maximum out-of-pocket limit like Medicare Advantage plans do. However, Medigap plans help cover costs such as deductibles, co-payments, and co-insurance that Original Medicare does not cover.
The out-of-pocket costs for Medigap plans can vary depending on the specific plan and insurance company. For example, the Plan G “maximum out of pocket” is the Medicare Part B Deductible, since Plan G covers all costs after Medicare once the deductible is met. It is important to review the details of each plan to understand their financial responsibilities and coverage benefits.