Medicare Supplement Plans in New York

Jory Cross by Jory Cross | Licensed since 2012
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This article was updated on: 11/02/2018

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Although Original Medicare in New York is provided by the federal government, it is not free. You may have to pay various out-of-pocket costs, including copayments, coinsurance, and deductibles.

Medicare Supplement (Medigap) plans in New York can help pay these costs. If you develop an illness that requires extensive doctor visits or hospitalization, you may be glad for a Medicare Supplement plan to limit your out-of-pocket spending on medical care.

Medicare Supplement plans in New York are offered by private insurance companies. Medicare Supplement works together with Original Medicare (Part A and Part B) but does not work with Medicare Advantage. You can also get prescription drug coverage (Medicare Part D) to go alongside Original Medicare and Medicare Supplement.

What do Medicare Supplement plans in New York cover?

In 47 states, including New York, there are up to 10 standardized Medicare Supplement plans, each named with a letter: A, B, C, D, F, G, K, L, M and N. “Standardized” means that plans of the same letter cover the same basic benefits.

All of Medicare Supplement plans in New York cover Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are exhausted. Beyond this one benefit, coverage may be different.

Medicare Supplement plans in New York may also cover:

  • Medicare Part B coinsurance and copayment
  • First three pints of blood
  • Medicare Part A hospice coinsurance or copayment
  • Skilled nursing facility coinsurance
  • Medicare Part A deductible
  • Medicare Part B deductible
  • Medicare Part B excess charges
  • Foreign travel emergencies up to plan limits

This Medicare Supplement comparison table might be helpful as you are comparing Medicare Supplement plans in New York.

How much do Medicare Supplement plans in New York cost?

Medicare Supplement plans in New York typically come with a monthly premium. The private insurance companies that offer Medicare Supplement plans in New York set their own premiums, so the cost will vary from company to company.

Insurance companies can choose to price their Medicare Supplement plans in New York (or other states) in any of three ways.

  • Attained-age rated: Premium is based on your present age and goes up as you get older
  • Issue-age rated: Premium is based on your age when you buy the policy. The premium doesn’t go up as you get older because of your age, but it might go up due to other reasons.
  • Community-rated: Premium is generally the same for everyone regardless of age.

When I can I buy Medicare Supplement plans in New York?

You can apply for Medicare Supplement anytime once you have Medicare. However, Medicare Supplement insurance companies in New York are allowed to use medical underwriting when deciding whether or not grant you coverage.

For example, if you have qualified for Medicare through a disability, underwriters may consider that disability and the cost to insure you before giving you Medicare Supplement coverage. The federal government does not require insurers to grant Medicare Supplement plans to people under 65, but New York is one state that requires insurance companies to offer at least one type of Medicare Supplement policy to people with Medicare under 65.

If you are 65 or older, you may be protected from medical underwriting during your Medicare Supplement Open Enrollment Period. This is a 6-month period that begins when you’re both 65 or older and enrolled in Medicare Part B. During that time period, you can buy any Medicare Supplement policy sold in your state, regardless of your health problems. After that period is over, you may still be able to buy Medicare Supplement, but you may have to pay more.

Would you like to take a look at some of the Medicare Supplement insurance plans available in your area? Just enter your zip code in the box on this page to display a list and start comparing plans.

The product and service descriptions, if any, provided on these Medicare.com Web pages are not intended to constitute offers to sell or solicitations in connection with any product or service. All products are not available in all areas and are subject to applicable laws, rules, and regulations.

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