Cigna Medicare Supplement Review 2022
Figuring out the best company to purchase your Medicare Supplement Plan through can be confusing and tiring.
But, it doesn’t need to be:
Figuring out the best company for you will come down to your current age, health, and budget, as well as the financial strength of the insurance company.
In this post today, I will go over why Cigna is one of the best options for your Medicare Supplement needs in 2022.
Cigna is also one of the 2022 Top Ten Medicare Supplement Insurance Companies.
Who Is Cigna?
Cigna was founded almost over 200 years ago as the Insurance Company Of North America (INA Corporation) which was formed in November of 1792.
They are also a Fortune 500 company with over 95 Million Customers throughout different types of health insurance plans.
Cigna also provides an array of health products and services to individuals, families, and businesses which include health, dental, pharmacy insurance, Cigna supplemental insurance and Cigna Medicare plans.
They are also an A.M. Best rating of an A-(Excellent) based on their financial strength and claims paying ability.
Cigna Medigap Plans Offered
The benefit of a Medigap plan is that it was created specifically to cover the “gaps” that Original Medicare don’t cover.
This usually ends up being up to 20% of your total annual costs.
This is why choosing the correct plan is essential when you are deciding on a Med Supp plan. With the right Medicare Supplement plan, you will have very little out-of-pocket cost.
The chart below highlights the most popular Medicare supplement options; F, G & N.
| BENEFITS | PLAN N | PLAN G | PLAN F |
|---|---|---|---|
| Part A HospitalCo-Insurance | YES | YES | YES |
| 365 Hospital Reserve Days | YES | YES | YES |
| Part B Co-Insurance /Co-Payment | YES | YES | YES |
| Blood Benefit(First 3 Pints) | YES | YES | YES |
| HospiceCo-Insurance /Co-Payment | YES | YES | YES |
| Skilled Nursing Facility Co-Insurance | YES | YES | YES |
| Part A Deductible | YES | YES | YES |
| Part B Deductible | NO | NO | YES |
| Part BExcess Charge | NO | YES | YES |
| ForeignTravel Benefit | 80% | 80% | 80% |
| Out Of Pocket Limit | N/A | N/A | N/A |
With any of these plans, you can visit any doctor or hospital in the country that accepts Medicare and no referrals are needed.
Prices will range depending on your location, age, and gender.
An added benefit is that Cigna also has some international coverage benefits.
Cigna Medicare Supplement Plan F
While Plan F is the most comprehensive Medicare supplement currently available, starting January 1, 2020, for new beneficiaries of Medicare it won’t be an option.
If you already have a Plan F plan you will be perfectly fine and can stay in your plan.
The Plan F is also going to be the most expensive option out of the 3 plans.
We actually have an entire article here about what’s happening to Medigap Plan F.
Your best option if you miss the Plan F enrollment will be Plan G.
Cigna Medicare Supplement Plan G
Plan G is actually the most popular plan that we offer here at Senior Benefit.
This is because it is exactly the same as Plan F with one exception, the Part B deductible is not covered.
This deductible is $233 in 2022; however, the amount you save in monthly premium is usually much more than this annual deductible, which justifies choosing Plan G over Plan F.
Cigna Medicare Supplement Plan N
If you don’t see a doctor as much then Plan N is a great option for you. It comes with a $0 – $20 office visit copay and the lowest premium of the other two plans above.
There are other out-of-pocket costs with plan N such as:
- Part B deductible of $233 in 2022
- $50 copay at the emergency room unless admitted
- Part B excess charges are not covered
As you can see, you can pretty much get the coverage you will need from the 3 most popular plans, it comes down to how much coverage you need and how much you can afford monthly.
Why Buy MedSupp Plans Through Cigna?
Senior Benefit has had a long relationship with Cigna and regularly help our clients through this insurance company.
Cigna has some of the most affordable rates in the industry and offers product features that aren’t always in other products.
On top of that, they have one of the strongest profiles for financial strength and claims paying ability.
Check out our quick description below.
Cigna Medigap
Cigna is a health service company that was founded over 200 years ago.
They have over 40,000 employees and over 95 Million customers.
They are known for their excellent level of customer service as well as product features.
For their financial strength they were awarded an A-(Excellent) rating with A.M. Best.
Product Features
- Online Customer Portal
- See any doctor who accepts Medicare patients.
- 12 Month Rate Lock In
- Coverage that goes with you anywhere in the U.S.
- Cigna Health Rewards
Plans Offered By Cigna
Plan A, Plan B, Plan F, High Deductible Plan F, Plan G, Plan N
Senior Benefit Services Thinks
Cigna is a household name for all types of health insurance products and they don’t drop the ball on their Medicare Supplement plans.
Prices are reasonable and coverage is solid along with additional benefits.
This is a great company to purchase a Medicare Supplement Plan through especially because of their more lenient underwriting. We hope that you have found the Cigna Medicare Supplement Review helpful.
Take Action!
Senior Benefit Services will be able to help guide you through choosing a Medicare Supplement Plan.
There are many factors that determine the Best Medicare Supplement Plan for you.
The Experts at Senior Benefit Services have been specializing in helping seniors make the best Medigap insurance choices for over 50 years!
Call now at 1-800-924-4727 or fill out the easy and convenient ‘Start Free Comparison’ form in this article.