Cigna Medicare Supplement Plans

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Cigna and its predecessor companies have been in business since 1792 when a group of citizens in Philadelphia formed the Insurance Company of North America. Today, Cigna is dedicated to growing within the Medicare market and has introduced Medicare Supplement Plans in many different states.

Cigna Medicare Supplement Insurance

Although any of these Cigna Medicare supplement plans will provide great protection, Medicare Supplement Insurance Plan F covers the fullest range of coinsurance, deductibles, and excess charges that otherwise would have to be paid out of pocket. It covers the blood that basic Medicare does not cover, and provides a full extra year of hospitalization coverage. Plan F also covers skilled nursing service and approved health care costs you incur while traveling outside the United States. It even allows you to choose any doctor who accepts Medicare. With fixed premiums and generally no unexpected out-of-pocket costs, Plan F is the Medigap plan chosen by nearly half of Americans who purchase Medicare supplement insurance plans.

Cigna Medicare Supplement Plans F, G & N Review

Plan F is the most popular Medicare supplement plan but it is not the best plan. I will explain why here shortly. Plan F is simple, it covers everything that Medicare does not pay in full. As you can see the chart below F covers 100% of what Medicare does not pay in full.  However, the F plan tends to have the most rate increases when compared to G and N plans. The reason is there are many more people on plan F and they use the plan more often, creating more claims for the carriers to pay. This results in more rate increases. On average plan F increases at about 7%-10% per year.  Rates for plan F with Cigna will vary by location and several other factors. Contact us for a free quote to compare.

Comparing Cigna Medicare Supplement Plan F to Plan N

I am often asked why a Medicare beneficiary would choose Cigna Plan N as opposed to Plan F. The answer is really simple. Plan F along with Medicare will cover 99% of your health care costs for doctors and hospital charges but, if you choose Plan N for a Male age 65 your monthly premium will be approximately $53.00 less per month which equates to approximately $600.00 per year savings. Your responsibility under a Plan N is just $147.00 annually and once you have met that annual deductible you’ll pay up to $20.00 per doctor visit whether it is a Primary Care Physician or Specialist. In addition, you’ll pay up to $50.00 for an ER visit. Outside of those small co-pays the plans provide similiar benefits. You would have to see many doctors or specialists in a given year before a Plan N would ever cost you more annually out of pocket than Plan F. Just another way you can save money when using Medicare. By Joe DeAngelis 2/20/2014

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