Medicare Supplement Insurance (also called Medigap) helps senior and disabled Vermont residents pay for certain Medicare copayments, deductibles, and other costs. Currently, insurance companies can offer state residents up to 10 standardized Medigap plan options: Plans A, B, C, D, F, G, K, L, M, and N.
Quick Facts About Medicare Supplement Plans in Vermont:
- 52,542 Vermont residents had a Medigap policy in 2021, according to data from America’s Health Insurance Plans (AHIP).1
- Medicare Supplement Plan F is the most popular Medigap plan in Vermont, with 17,304 enrollees, according to AHIP.
What are the most popular Medicare Supplement plans in Vermont?
The chart below shows the most popular Medicare Supplement plans in Vermont.1
|
Popularity Ranking |
Plan |
Total Enrollees |
|
1 |
F |
17,304 |
|
2 |
N |
12,261 |
|
3 |
C |
9,908 |
*Plans no longer available for purchase, including Plans E, H, I, and J.**Pre-standardized plans are policies sold before July 1992.
Medicare Supplement Insurance Pricing Methods
Medigap pricing methods are important because they dictate how your premiums may increase in future years. There are 3 different pricing methods:
- Attained-age rated: The premium increases as you age.
- Issue-age rated: The premium is based on your age when you buy and it may increase due to inflation and other factors, but not due to your age.
- Community rated: The same premium is charged to all Medigap policyholders.
Under-65 Enrollment Rules
Although Medicare Supplement Insurance is primarily for senior citizens, it’s also available to disabled people and those with end-stage renal disease (ESRD) in some states. Each state’s insurance department dictates the rules governing Medicare beneficiaries under the age of 65.
Vermont law requires insurers who sell Medigap to make all of their policies available to those under 65 (except for those with ESRD).
Learn More
To learn more about Medicare Supplement Insurance, read through our guides below.
