Finding Medicare Plans in Frederick, MD

Are you trying to find Medicare Plans in Frederick, MD? Medicare Supplement plans (also known as Medigap plans) are not the same as Medicare Advantage plans.  To understand better the differences between Medicare Supplement and Medicare Advantage plans read our article here.

Let’s look at popular Medicare plans in Frederick, Maryland.  Both Medicare Supplement and Medicare Advantage plans are available in Frederick and all of Frederick County, Maryland.

Popular Medicare Supplement Plans

When you are searching for a plan in Frederick keep in mind that the most popular Medicare Supplement plans have been Plan F, Plan G and Plan N over the last several years.  The great news is that Maryland does not allow for what is called area factoring.  This is a process that allows insurance companies to price plans differently throughout the state based on the zip code a person resides in.  A Medicare Supplement for a certain age, sex, and tobacco usage will be the same no matter what zip code a person lives in for the state of Maryland.  So, an example of this would be that a person who lives in Frederick, Maryland is a 70-year-old female, non-tobacco user would pay the same rate for a Plan F as a 70-year-old female, non-tobacco user would pay in Cumberland, Maryland or Annapolis, Maryland.

Medicare Supplement Plan F Cost in Frederick, MD

As of January 1, 2020, anyone who goes onto Medicare on/after this date cannot purchase a Medigap Plan F.  Based on this, we will look at the average lowest pricing for a Plan F in Frederick for someone who is 68 years old.  For a 68-year-old female who is a non-tobacco user, the lowest average pricing is around $150 per month in 2022.

Medicare Supplement Plan G Cost

While we do not have the restrictions in place for Plan G that we do on Plan F, let’s look at the same age as we used in the earlier example.  So, a Medicare Supplement Plan G for a 68-year-old female, non-tobacco user is going to come in around $125 per month in 2022.

Medicare Supplement Plan N Cost

Just like the Plan G, there are no restrictions on the Plan N.  This means that just like a Plan G, you can purchase a Plan N when going onto Medicare at age 65.  To compare apples to apples, we are going to look at the rate once again for a 68-year-old female, non-tobacco user.  The average premium is going to run about $98 per month.

How Many Insurance Companies Offer Medicare Supplement Plans in Frederick, MD

Currently, in 2022 about 50 insurance carriers are offering various Medigap plans.

Medicare Advantage Plans in Frederick, MD

Unlike Medicare Supplement plans in Maryland, Medicare Advantage plans do not have to be made available in all counties.  Due to this, there are only a couple of Medicare Advantage Plans available in Frederick and the rest of Frederick County.  Currently, in 2022 there are only 5 carriers offering Medicare Advantage plans in Frederick, MD.  These plans will either use a PPO or HMO network.

Which Medicare Plan is Right for Me?

Many factors go into determining which type of Medicare plan would be the right one.  Once again, there is no one size fits all.  The most efficient and easiest way to decide would be to get help from a knowledgeable agent.  Call us today at (800)924-4727 to get the advice you deserve.  You can also request a quote below.