There is not a definitive answer for this question. All states offer the exact same Medicare Supplemental Insurance Plans because the Federal Government has mandated that all plans are uniform across the country. Regardless of where a recipient lives, the plan must pay the exact same benefits.
The only thing that the government allows to differ from state to state regarding supplemental insurance for Medicare plans are the premiums. The premiums are set by private insurers and must be approved by each individual state. It is good to shop around for the best price within your state once you have determined what you are looking for in a supplemental insurance plan.
Since all of the benefits of a Medicare Supplemental Insurance Plan are identical, there are a few key things to look for when choosing a plan.
1. Higher premiums will not increase your benefits. All benefits are the same and claim filing requirements are identical between plans as well.
2. Medicare benefits are adjusted every year. Since all Supplemental Insurance Plans are in line with Medicare, premiums tend to increase or decrease every year as well.
3. Be aware of the different methods that are used to set the premium. Most insurance providers will use one of three different methods. The first is “Attained Age”. This means that the premium is low if you have just turned 65 and will increase as you get older. The next one is “Issue Age” which is based on your age at the time you purchase the policy. They typically do not increase with age. The last method is “Community-Rated” which means everyone in the area, regardless of age, pays the same premium.
When choosing a supplemental insurance for Medicare, you will want to choose a policy that determines the premium using “Issue Age”, “Community-Rated” or a combination of both.