New Jersey Medicare Supplement plans, commonly called “Medigap plans,” are additional forms of coverage tacked onto Original Medicare policies. These federal government-standardized packages offer users benefits they wouldn’t have with a barebones Medicare plan.
Here, we’ll look at some of the popular Medicare Supplement plans offered in New Jersey and their key differences.
New Jersey has one of the highest Medigap enrollment rates of any state. Over 480,000 New Jersey citizens are covered with a Medicare Supplement plan, nearly 37% of the state’s population. That percentage exceeds many neighboring ‘big-name’ markets, including New York, Connecticut, and Massachusetts.
Many first-time enrollees for New Jersey Medicare Supplement plans don’t know where to begin with the options available. Luckily, the federal government standardizes the coverage, and the benefits included in each plan stay the same regardless of the state, making them easy to research.
| PLAN | A | B | C | D | F | G | K | L | M | N |
| Part A Hospital Coinsurance | X | X | X | X | X | X | X | X | X | X |
| Hospital Reserve Days | X | X | X | X | X | X | X | X | X | X |
| 3 Pints of Blood | X | X | X | X | X | X | 50% | 75% | X | X |
| Part B Coinsurance | X | X | X | X | X | X | 50% | 75% | X | *Copays |
| Hospice Coinsurance | X | X | X | X | X | X | 50% | 75% | X | X |
| Skilled Nursing Facility | X | X | X | X | 50% | 75% | X | X | ||
| Part A Deductible | X | X | X | X | X | 50% | 75% | 50% | X | |
| Part B Deductible | X | X | ||||||||
| Part B Excess Charges | X | X | ||||||||
| Foreign Travel Benefit | X | X | X | X | X | X | X | X | ||
| Preventive Care Coinsurance | X | X | X | X | X | X | X | X | X | X |
| Out of Pocket Limit | None | None | None | None | None | None | $6,940 | $3,470 | None | None |
| *Copays are $20 per office visit, and $50 per ER visit if not admitted to a hospital A checkmark indicates 100% coverage for the specified benefit | ||||||||||
Despite the benefits in each Medicare Supplement Plan remaining equal from state to state, the costs of each plan are subject to wild change. You might end up paying more or less for your Medigap coverage depending on the following factors:
The cost of New Jersey Medicare Supplement plans vary due to a few factors. The monthly premiums range from $90 to $185.
New Jersey offers a few Medigap plans with low premium payments under $100 on average. The prices listed below are for the typical 65-year-old woman but can provide a clear barometer for the general cost of each plan.
| PLAN | A | B | C | D | F | G | K | L | M | N |
| Premium | $103 | $139 | $163 | $126 | $154 | $127 | $50 | $80 | $93 | $98 |
On the other hand, some New Jersey Medicare Supplement plans require high premium payments for increased benefits.
The numbers in the chart below simulate the average male near 70. As you can see, paying a $300+ premium for the state’s most popular plans is not uncommon.
| PLAN | A | B | C | D | F | G | K | L | M | N |
| Premium | $284 | $391 | $515 | $384 | $466 | $453 | $150 | $220 | $254 | $348 |
New Jersey has a wide selection of Medicare Supplement plan providers, each offering the state’s most sought-after plans at different price points. Here, we’ll look at a few of the most well-known providers and what the average 70-year-old woman pays for coverage per plan.
| CARRIERS | PLAN F | PLAN G | PLAN N |
| The Capitol | $173 | $143 | $114 |
| Royal Arcanum | $174 | $145 | $113 |
| Central States | $174 | $150 | $114 |
| Federal Life | $177 | $150 | $118 |
| Humana | $177 | $150 | $118 |
The below cities in New Jersey have a large concentration of Medicare recipients. Here are some illustrative charts on their projected Medigap plan costs:
The cost of New Jersey Medicare Supplement plans varies on several factors, including the enrollee’s age, gender, and the selected program. It’s challenging to pinpoint an exact price point with that high variance, but New Jersey enrollees have widely accepted averages.
You can gain access to the following benefits not included in standard Medicare, depending on your selected Medigap policy:
Not every Medicare Supplement plan includes these benefits, but your provider will walk you through the specifics of each option to help you find your perfect fit.
Plan F offers the most Medicare benefits of any of New Jersey’s Medicare Supplement plans, which is why it’s the state’s most popular plan. But you should note that while Plan F does include the most coverage, it’s also the most expensive Medigap plan.
There is no difference between Medigap plans and Medicare Supplement plans. Both are additional healthcare packages that offer unique benefits on top of your standard Medicare.
Medicare Supplement providers are legally barred from selling multiple plans to the same person. However, depending on their needs, different members of the same family or household can have their own plans.
Suppose you’re concerned about insufficient coverage with just one Medicare Supplement plan. In that case, your best bet is to enroll with Plan F. This package offers every benefit included across Medigap, but you will need to pay more for that extensive coverage.
Researching New Jersey’s various providers and each package’s specific pros and cons can be time-consuming and confusing. Enrolling in a Medicare Supplement plan is often challenging for potential users.
But if you want to enhance your health coverage and spare yourself a headache, we’re here to help. Our licensed insurance agents offer free service to all New Jersey residents and work with every Medicare Supplement provider so that we can bring you hassle-free coverage that leaves no stone unturned.
Our team compares every rate for all New Jersey Medicare Supplement plans across the sea of providers so that you can get the rates and benefits that work for your budget and medical needs. Medicare Supplement coverage can help you live a happier, healthier life with peace of mind for your well-being, and we can help bring the best possible plan into your life today.
Call us today to learn more about New Jersey’s Medicare options, or complete our online form to connect with the best rates in your area.
Written By:
Lindsay Malzone, Lindsay Malzone is the Medicare editor for Medigap.com. She's been contributing to many well-known publications since 2017. Her passion is educating Medicare beneficiaries on all their supplemental Medicare options so they can make an informed decision on their healthcare coverage.
Reviewed By:Rodolfo Marrero, Rodolfo Marrero is one of the co-founders at Medigap.com. He has been helping consumers find the right coverage since the site was founded in 2013. Rodolfo is a licensed insurance agent that works hand-in-hand with the team to ensure the accuracy of the content.
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