Unveiling NJ’s Best Kept Secret: Medicare Supplements

For many Medicare-eligible individuals living in the diverse state of New Jersey, decoding the nuances of Medicare can seem like deciphering a foreign language. With a myriad of choices and complex terminologies, it’s easy to feel overwhelmed. It’s harder still to grasp the concept of Medicare supplements, also known as Medigap plans. Our in-house expert at the Sosa Insurance Group, George Sosa Es, is your reassuring guide through this maze. Let’s unveil NJ’s best kept secret together: Medicare Supplements!

Before diving in, let’s familiarize ourselves with the basics. Medicare Supplements, commonly referred to as Medigap, is insurance that fills the ‘gaps’ in Original Medicare coverage. Its role is to help pay for some out-of-pocket costs that might not be covered by Original Medicare, such as copayments, coinsurance, and deductibles.

It’s worth considering that in New Jersey, several regulations have been enacted to cater to varying insurance needs, including those under age 65 who qualify for Medicare due to reasons other than age. This is unique to NJ and revolves around the keyword here — ‘Medicare supplement NJ’ — a secret unlocked only to NJ residents, including those in our hometown, West Orange.

Here’s a quick snippet about Medicare Supplement plans:
– Are standardized by the federal government and labeled with a letter.
– Benefits offered by each plan with the same letter are identical, regardless of the state or insurance company.
– Some plans cover all Medicare deductibles, copayments, and coinsurance, while others may leave some costs to be paid by the insured individual.
– Provide nationwide coverage.

Medigap Plan Coverage Infographic - medicare supplement nj infographic step-infographic-4-steps

As we navigate this journey together, our aim is for you to feel confident in your understanding of Medicare Supplement plans in New Jersey. Stay tuned for a deep-dive into the specifics, cost implications, and our insider tips to help you make an informed choice.

Understanding the Basics of Medicare Supplements

When it comes to healthcare in your golden years, knowledge is power. That’s why we at the Sosa Insurance Group are here to shed light on the basics of Medicare Supplements, also known as Medigap plans.

What is a Medicare Supplement?

A Medicare Supplement, or Medigap plan, is a health insurance policy designed to fill the “gaps” in Original Medicare coverage. These plans are standardized by the federal government and labeled with letters. Whether you’re in New Jersey or any other state, every plan with the same letter offers the same benefits, regardless of the insurance company offering it.

How Does a Medicare Supplement Work?

Medicare Supplements work alongside your Original Medicare coverage. They help cover out-of-pocket costs that come with Original Medicare, such as deductibles, copayments, and coinsurance. This can include costs like Part A hospital coinsurance, Part B coinsurance or copays, costs of blood transfusions, hospice care coinsurance, and even costs of foreign travel emergencies.

It’s essential to note that Medigap plans provide nationwide coverage. So whether you’re visiting your grandkids out of state or taking the trip of a lifetime abroad, your Medicare Supplement plan has got you covered.

Is Medicare Supplement a Good Idea?

Now, you might be wondering, “Is a Medicare Supplement a good idea for me?”

The answer depends on your specific healthcare needs. If you anticipate needing frequent medical care or simply want the peace of mind that comes with comprehensive coverage, a Medicare Supplement plan can be a worthwhile investment.

During the six-month Open Enrollment Period, it’s often the best time to enroll in a Medigap policy. So, if you’re considering a Medicare Supplement plan, it’s crucial to plan ahead and make your move during this window.

In our next section, we’ll give you a closer look at the cost of Medicare Supplements in New Jersey, a crucial factor to consider while deciding on a plan. Stay tuned!

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The Cost of Medicare Supplements in New Jersey

When it comes to choosing a Medicare Supplement plan, or Medigap policy, one of the key considerations is cost. Let’s dive into the specifics of Medicare Supplement costs in New Jersey.

Average Monthly Cost of Medicare Supplements

The average monthly cost of Medicare Supplements varies depending on the specifics of the plan. In general, you could expect to pay anywhere between $82 to $320 per month, depending on the type of plan you choose. This price range is influenced by the coverage and benefits offered by each plan. For example, the monthly cost for a Medigap Plan K ranges from $82 to $189, while a Medicare Supplement Plan N falls between $196 and $320.

How Much is Medicare Plan G in New Jersey?

Medicare Plan G, known for its comprehensive coverage, stands out as a popular choice among New Jersey residents. The monthly premium range for Plan G in New Jersey varies from $126 to $395. This plan covers skilled nursing facility costs, Part A deductible, Part B excess charges, and foreign travel emergency, which could provide great value for your investment.

Factors Influencing the Cost of Medicare Supplements in NJ

The cost of your Medicare Supplement plan isn’t just down to the type of plan you choose. Several other factors can influence the price. Insurance companies set their own plan premiums, which means prices may vary even for the same coverage. These premiums may change from year to year, and they can also be affected by your health history outside your Medicare Supplement Open Enrollment Period.

The good news is, at Sosa Insurance Group, we’re here to help you navigate these costs. We can guide you through choosing a plan that suits your needs and budget, making sense of the varying prices, and understanding how your health history may affect your premiums.

In the next section, we’ll explore if there exists a comprehensive Medicare Supplement that covers everything. So, stay with us!

Comprehensive Medicare Supplements: Do They Exist?

When it comes to navigating the maze of Medicare, many people wonder, “Is there a Medicare Supplement that covers everything?” The simple answer is yes. Let’s introduce you to Medicare Plan F, often hailed as the most comprehensive Medicare Supplement available.

Overview of Medicare Plan F

Medicare Plan F, also known as Medigap Plan F, is one of the many Medicare Supplement plans available to Medicare-eligible individuals. What sets Plan F apart is its comprehensive coverage. It is designed to fill nearly all of the “gaps” in Original Medicare, covering a significant portion of out-of-pocket costs that you would typically have to pay.

Medicare Plan F provides coverage for:

  • Part A hospital and coinsurance costs up to an additional 365 days after Medicare benefits are exhausted
  • Part B coinsurance or copayment
  • Blood (first three pints)
  • Part A hospice care coinsurance or copayment
  • Skilled nursing facility (SNF) care coinsurance
  • Part A and Part B deductibles
  • Part B excess charges
  • Foreign travel emergencies (up to plan limits)

It’s important to note that while Plan F offers the most comprehensive coverage, it’s not offered to everyone. If you became eligible for Medicare on or after January 1, 2020, you won’t be able to buy Plan F. However, if you were eligible for Medicare before January 1, 2020, you can still purchase Plan F if it’s available in your area.

Benefits of Medicare Plan F

The main advantage of Medicare Plan F is peace of mind. With this plan, you almost don’t have to worry about out-of-pocket costs for Medicare-covered services. This comprehensive coverage makes budgeting for healthcare costs predictable.

Another significant benefit of Plan F is its coverage of Part B excess charges. These are the extra charges that some doctors and providers who do not accept Medicare assignment can charge up to 15% over the Medicare-approved amount. With Plan F, these costs are covered, which isn’t the case with many other Medicare Supplement plans.

In summary, while Medicare Plan F might have higher premiums, its extensive coverage can offer invaluable peace of mind, especially if you expect regular visits to the doctor or hospital. If Plan F is available to you and fits within your budget, it could be a wise choice.

At the Sosa Insurance Group, we are here to help you navigate these decisions and choose the best Medicare Supplement for your needs. In the next section, we’ll discuss some of the top Medicare Supplement providers in New Jersey. Stay with us!

Top Medicare Supplement Providers in New Jersey

In New Jersey, there are several top-rated Medicare Supplement providers that offer a variety of plans to suit different needs and budgets. Here, we will discuss some of the most popular providers in the state.


Humana is known for offering a comprehensive selection of Medicare Supplement plans, including the popular Plan F and Plan G. In addition to their extensive coverage, Humana is appreciated for their excellent customer service and easy-to-navigate online tools.

Blue Cross Blue Shield Association

The Blue Cross Blue Shield Association, also known as Horizon Blue Cross Blue Shield in New Jersey, offers a variety of Medigap plans, with benefits that range from basic coverage to comprehensive packages. Their Medicare Supplement plans are known for their affordability and wide acceptance among healthcare providers.


Aetna is a well-established provider with a solid reputation for excellent customer service. They offer a variety of Medicare Supplement plans, including the popular Plan G. Aetna is often praised for their straightforward policy terms and efficient claims processing.

The Cigna Group

The Cigna Group is another top-rated insurance provider offering a variety of Medicare Supplement plans in New Jersey. They are known for their flexible plan options and competitive pricing, making them a popular choice among Medicare beneficiaries.

Mutual of Omaha

Mutual of Omaha is a widely recognized insurance provider that offers a selection of Medicare Supplement plans. They are particularly appreciated for their stable premiums and exceptional customer service.

Bankers Fidelity Life Insurance

Bankers Fidelity Life Insurance offers a range of Medigap policies, which are known for their comprehensive coverage options. Their plans are competitively priced and they have a reputation for prompt and efficient claims processing.

These providers are just a few of the many options available to you in New Jersey. At the Sosa Insurance Group, we’re here to help you navigate these options and find the best Medicare Supplement plan for your needs. The right plan for you depends on your individual health needs, budget, and lifestyle. We’ll work with you to understand these factors and guide you towards the best decision. Stay with us as we discuss how we can assist you further in the next section!

How The Sosa Insurance Group Can Help You Navigate Medicare Supplements

The world of Medicare supplements is vast and can often be overwhelming, especially when you’re trying to navigate it on your own. That’s where we, at the Sosa Insurance Group, step in. We specialize in making the journey through Medicare easier for you.

Personalized Medicare Plan Guidance

Every individual’s situation and health needs are unique, and so should be their Medicare plan. That’s why we provide personalized guidance to all our clients. Our expert, George Sosa Es, will help you understand the basics of Medicare and guide you towards an option that best fits your needs. Whether you’re interested in Medicare Advantage Plans, Medicare Supplement Plans, or Stand-alone Medicare Part D Plans, we’ve got you covered.

Free Consultations and Unbiased Advice

We believe in providing free consultations to all our clients. During these sessions, we’ll help you figure out the specifics of your Medicare journey. We’ll explain the different parts of Medicare, and help you understand how Medicare Supplement plans work in New Jersey. We’re not beholden to any insurance company, so rest assured, all our advice is unbiased and tailored to your specific needs.

Long-Term Support and Assistance

Our job doesn’t end at helping you choose the right Medicare plan. We understand that as your life circumstances change, so might your health care needs. Hence, we’re committed to providing long-term support and assistance. We’ll work with you to review your options and make changes to your coverage as needed, ensuring that you’re getting the most out of your benefits.

At the Sosa Insurance Group, we’re your go-to source for all things Medicare. We’re not just an insurance agency; we’re your partner in navigating the complexities of Medicare supplements in NJ. So, don’t wait any longer, get in touch with us today to start your journey towards a more secure health future.

Conclusion: Making the Right Choice for Your Medicare Supplement in NJ

Choosing the right Medicare Supplement in NJ is crucial to ensuring you have the coverage you need for your health care costs. It’s not just about picking a plan; it’s about finding the coverage that suits your unique health needs and financial situation.

At Sosa Insurance Group, we believe in making this process as simple and stress-free as possible. That’s why we’re here to help guide you through the intricate world of Medicare supplements. We don’t just provide information; we’re here to help you understand each plan thoroughly, so you can make an informed decision.

Remember, the most popular plan in New Jersey is Plan F due to its comprehensive coverage. However, Plan G is also gaining popularity as it offers similar coverage except for the Part B deductible, and is widely available to most insurers.

When considering a plan, don’t forget to factor in the monthly premium, the benefits offered, the reputation of the insurance provider, and any extra discounts or perks. These factors can significantly impact your overall experience with your chosen plan.

Choosing a Medicare supplement plan is a significant decision, but you don’t have to do it alone. We’re here to provide personalized guidance, free consultations, and unbiased advice to help you navigate your Medicare journey. Most importantly, our support doesn’t end once you’ve chosen a plan. We’re here for long-term assistance, helping you adapt as your health needs change over time.

In conclusion, the right Medicare supplement for you depends on your individual needs and circumstances. There’s no one-size-fits-all solution, but with careful consideration and guidance from experts like us at the Sosa Insurance Group, you can find a plan that offers you the peace of mind you deserve.

To take the next step towards securing your health future, don’t hesitate to contact us today. Together, we can unveil the best-kept secret of NJ’s Medicare supplements.