New Jersey seniors can choose from any of the 11 companies selling Medicare Supplement insurance. Medicare plans help you pay the portion of Part A and Part B that Original Medicare does not cover. Frequently referred to as Medigap, standardized plans cover deductibles, copayments and coinsurances at varying levels to meet different needs.
What You Must Know about Medicare Supplements in New Jersey
If this is your first time considering a Medicare Supplement in New Jersey, and you’re not exact sure which plan to choose, read our Medicare Supplement Plan information page. Although all policies are standardized, making them easy to compare, monthly premiums are not. We offer a complete overview of all New Jersey Medigap plans and their benefits.
Medicare Supplements vs. Medicare Advantage
Comprehensive Medicare Supplements are expensive and premiums are going up. If you can afford a supplement it’s the best choice. If not, there’s Medicare Advantage. A New Jersey Medicare Advantage (MA) plan protects you from big healthcare bills and may provide additional options that Original Medicare does not.
As with most other financial decisions, there are trade-offs. Most importantly your choice in healthcare providers, which most Medicare Advantage plans restrict to their network of providers. That said, the big advantages are additional benefits, like prescriptions, dental, hearing, and vision that are not covered by Original Medicare.
The important thing to know about every Medicare Advantage plan is that they limit your Maximum Out-of-Pocket (MOOP) expense to a maximum of $6,700 per year. That makes them worth comparing to Medicare Supplements. We have the complete catalog of 2018 Medicare Advantage Plans available in New Jersey.
New Jersey Medicare Part D Plans (Rx)
While you’re comparing New Jersey Medicare Supplements, it’s a good idea to shop for a Medicare Part D Plan (PDP), too. Medicare does not cover prescriptions, nor do Medigap plans. We make shopping easy with our complete catalog of 2018 Medicare Part D Plans in New Jersey.
Medicare Supplement Eligability
You can apply for a New Jersey Medicare Supplement if you are:
- A New Jersey resident,
- Enrolled in both Medicare Part A and Part B, and
- You are 65 years old or older.
Supplemental plans are available in the following counties: Middlesex, Hudson, Essex, Morris, Bergen, Passaic, Union, Somerset, Sussex, Monmouth, Warren, Hunterdon, Salem, Camden, Ocean, Burlington, Gloucester, Atlantic, Cape May, Cumberland, Mercer, and most rural areas of New Jersey.
Rates shown are samples from within New Jersey for comparison purposes only. This page was last updated on 9/24/2017.