Cigna (NYSE: CI) is health services company serving 95 million people across the world. Based in Bloomfield, Connecticut and Philadelphia, Pennsylvania, its insurance subsidiaries are major providers of supplemental, medical, dental, disability, life and accident insurance. Cigna ranked No. 73 in the 2018 Fortune 500 list of the largest US corporations by total revenue. Also in 2018, Cigna acquired Express Scripts, a pharmacy benefit manager, in a $67 billion deal. As a major player in the health insurance marketplace, Cigna Medicare Supplemental Insurance plans may be right for you.
What are supplemental (also known as Medigap) health plans? These plans help pay for health care costs not covered by Original Medicare (Parts A and B), including deductibles and coinsurance. The most important point for you to understand about Medigap/supplemental insurance benefits is that all benefits with a plan letter, are the same across insurance companies, but the premiums (known as the amount you pay for the plan) can differ. This means that shopping Medicare Supplemental rates is very important. Use our quote engine to see what plans Cigna offers in your area, and how their supplemental rates differ across Medigap plan.
In this article, we will detail Cigna’s Medicare Supplemental Insurance offering. Below we present facts and figures we hope you find useful. Importantly, you don’t have to be a Medicare expert to find Cigna Medicare Supplemental insurance coverage that fits your needs. We are experts in supplemental insurance plans and can walk you through the details. Please call us!
What Are Medicare Supplement Plans For?
In short, these plans help fill the gaps that Original Medicare, which includes Medicare Parts A and B, doesn’t cover. Thus, Medicare Supplement plans, also known as Medigap plans, supplement Original Medicare. They help “fill the gap” and pay coinsurance, copays, or deductibles for benefits that Original Medicare says is medically necessary. Medicare Supplement plans don’t cover:
- Prescription drugs (You may enroll in a stand-alone Medicare prescription drug plan, or Part D, for this coverage)
- Care and services Medicare doesn’t think is medically necessary
- Dental Insurance
Importantly, Medicare Supplement plans are not the same as Medicare Advantage plans, Medicaid, employer or union plans, TRICARE, VA benefits, long-term care insurance policies, or Indian Health service, Tribal, or Urban plans. And, there are many other companies besides Cigna that offer Medicare Supplemental Plans, Like Mutual of Omaha, United Healthcare, and Aetna. Regardless, these companies all have to offer the same benefits – but their cost can vary across state and company for the same letter Plan. The best way to understand the rates (also called premiums) for your plan of choice, is use our Quote Engine or call us at 1-888-891-0229. It’s a toll-free call and there is absolutely no obligation. Medicare is complicated, and you are not alone. We can help you understand your options – you don’t need to be a Medicare expert!
What Types of Supplemental Insurance Does Cigna Offer?
As can be seen by the chart below, in 2019, Cigna Offers Medicare Supplemental Insurance Plans A, B, C, D, F, G, and N. Plans A, F, and N are Cigna’s most offered Medigap plans, while Plan G is a close second, with 52 supplemental plans offered across the country. The data shown below is provided by the Centers for Medicare and Medicaid Services.
In 2019, Cigna offered Medicare Supplemental Insurance in every state except New York and Massachusetts. The only difference between, say, between a Cigna Medicare Supplemental Insurance plan N for example and Cigna’s Plan N in North Dakota, is the price (known as a premium) that you pay for the policy. In fact, any Medigap Plan Type offered by Cigna, or Mutual of Omaha or United Healthcare, or Aetna, will all have the same benefits. These benefits are standardized by the government. Again, the only difference between any Medigap Plan type offered is the premium. Use our quote engine to understand what your premium might look like in your area!
What Benefits are Offered by Medicare Supplemental Plans?
Medicare.gov has a great chart that shows the kinds of benefits available across Medigap plans (see below). Note that “Yes” denoted in the chart means that the plan covers 100% of the benefit listed. “No” means that the plan does not cover that benefit.
Importantly though, starting 1/1/2020, Medigap plans sold to seniors who just joined Medicare, won’t include Plans C and F. However, there is a grandfather clause of sorts: If you already have either Plan C or Plan F (whether your plan F is the high-deductible option or not) before January 1, 2020, you can keep your plan. And, if you were eligible for Medicare before this date, but not yet enrolled, you also may be able to buy one of these plans.
What’s the take home message? Medicare Supplemental Plans can be difficult to understand, whether you choose Cigna Medicare Supplemental Insurance, or plans offered by other health insurance companies. But we can serve as your Medicare expert at no cost to you. The best way to search for Medicare Supplemental Rates? Use our quote engine or call us at 1-888-891-0229.