The Best New Jersey Medicare Supplement Plans (2024)

In New Jersey, 65-year-olds pay $135 monthly on average for Medicare Supplement plans, while 75-year-olds pay roughly $224. Due to their comprehensive coverage, Plans F and G are the most popular. On average, they cost $237.01 and $160.40 monthly, respectively. However, Plan F is only available if you qualified for Medicare before 2020.

Compared to Plan F and Plan G, Plan N provides a similar level of coverage but with additional fees. 65-year-olds pay an average of $118.70 monthly for this plan, while 75-year-olds pay an average of $185.01 monthly.

MoneyGeek ranked these three plans based on their average rates and benefits. Our guide to picking the best Medicare Supplement plan in New Jersey has more information about different plan types and coverages.

Horizon provides the best and most affordable Medicare Supplement plan in New Jersey for Plan G, at an average monthly cost of $154.62. However, MoneyGeek only ranks companies that provide online quotes. Many companies in New Jersey may not provide online quotes but might offer cheaper rates.

In New Jersey, Medicare supplement Plan G costs an average of $200.30 per month. The cheapest provider, Horizon, charges an average of $154.60 per month for a 65-year-old. UnitedHealthcare, the most expensive provider, charges an average of $164.80 per month. By shopping around, you might save around $10 monthly on your purchase.

However, the rates given here are for a 65-year-old model Medicare customer. Your actual Plan G costs may vary depending on your age at the time of purchase, your current age, discounts and underwriting considerations.

There are 24 carriers that provide Plan G in New Jersey. However, not all offer online estimates. MoneyGeek collected the contact details of all Medicare Supplement plan providers in New Jersey in order to help you locate one that meets your needs. MoneyGeek also details each provider's price structure so that you can determine which providers may charge you more depending on your age.

All Medigap policies, including Plan G, are standardized and must provide a minimum level of coverage. Keep in mind that Plan G does not cover Part B deductibles and covers just 80% of foreign travel exchange within your plan's limitations.

Additionally, some companies provide extra advantages in addition to the standard coverage. Horizon, for example, provides foreign travel emergency coverage.

Horizon offers the best Medicare supplement Plan F in New Jersey, with an average monthly cost of $249.87. It’s important to note that MoneyGeek obtained data from companies in New Jersey that provide online quotes. This means that there may be more companies in New Jersey offering cheaper rates than those offering online quotes.

In New Jersey, the average monthly premium for a Medicare Supplement Plan F is $237. Variations in rates among states can be caused by a variety of factors, including age, provider and discounts.

Aetna offers the state's cheapest monthly Medigap Plan F at roughly $177.50 for 75-year-olds, while UnitedHealthcare offers the state's highest monthly premium at approximately $343.20. There is around a $165 difference in price between the two plans.

There are 24 carriers in New Jersey that provide Medigap Plan F. However, not all of them provide online quotes. To get an estimate from a provider, use the contact information provided by MoneyGeek below. The pricing style reveals which companies are more likely to charge you higher premiums based on your age.

All Medigap plans are standardized and must meet specific criteria. Plan F provides excellent coverage, but it only pays around 80% of the cost of a foreign travel exchange. Different providers offer different benefits of Plan F. For instance, the Horizon Blue365 discount program may give extra benefits and help you save money on premiums.

Aetna is the best option for New Jersey seniors looking for Medicare Supplement Plan N, with monthly rates of $107.29.

Keep in mind that our rankings only consider companies that provide online estimates. Other Plan N carriers in New Jersey may have cheaper pricing. You need to contact them directly to learn about their pricing and coverage options.

Plan N costs an average of $151.90 per month in New Jersey. This rate may fluctuate depending on a variety of factors, including your current age and the age at which you purchase your plan.

For example, a 65-year-old New Jersey resident may qualify for Aetna, the cheapest provider of Plan N, at around $107.30 per month. With a monthly price of approximately $134.40, UnitedHealthcare is the most expensive Plan N provider in New Jersey. That's a monthly difference of around $27.

In New Jersey, Plan N is offered by 24 different companies. Since not all providers offer online estimates, comparing Medicare Supplement plans in New Jersey can be difficult.

MoneyGeek has compiled a list of all New Jersey Plan N providers' contact information so you may choose the best choice for you. Furthermore, we provide their pricing style so you can see which ones charge more based on your age range.

All Medigap policies are standardized, which means they must give some level of coverage. Plan N does not pay Part B deductibles or excess charges, but it does cover 80% of overseas travel expenses up to the plan's limit. In New Jersey, Aetna's Plan N offers Foreign Travel Emergency coverage.

Medicare Supplement Plans in New Jersey are not restricted to Plans F, G and N. Plan A, B, C, D, K and L are less popular plans that few people purchase because they provide less coverage. MoneyGeek found that Aetna is the best provider for Plans B, C and D, while Horizon is the best provider for the letter plan A and K, and UnitedHealthcare is the best provider for Plan L.

Additionally, Plan C will not be available in New Jersey or any other state if you become eligible for Medicare after January 1, 2020.

Medigap insurance is a complicated subject in New Jersey. MoneyGeek collected and analyzed pricing data from various companies to help you find the best carrier for your supplemental insurance needs. This chart will make it easier to compare Medicare Supplement plans in New Jersey.

In terms of coverage and availability, Medigap policies vary. Plan F and C, for example, provide the most extensive coverage but are not available to new enrollees. Your next best options are Plan G or Plan D.

You may compare Medicare Supplement plans in New Jersey shoulder to shoulder using MoneyGeek's chart. It displays the differences in coverage as well as the average cost.

The cost of Medicare Supplement Plans in New Jersey varies according to the plan you choose and the company. Horizon is the most cost-effective option in New Jersey for most of the plan options (i.e., Plans A, F, G and K,). Meanwhile, Aetna is the cheapest for Plans B, C, D and N, while UnitedHealthcare is the most cost-effective for Plan L.

Companies in New Jersey use the pricing styles described below to determine premiums:

• Attained-Age: This is the most popular pricing method used by New Jersey providers. Premiums are based on your current age (or the age you've "attained" under this pricing system). This implies that your rates will rise as you get older.
• Issue-Age: In New Jersey, this is the second most popular price plan. The premium is calculated according to your age at the time of purchase. Prices may grow due to causes other than age, such as inflation.
• Community-Rated: Providers of community-rated plans charge the same monthly cost regardless of age.

To help you determine the best Medicare Supplement Plans in New Jersey, MoneyGeek answers the most frequently asked questions.

MoneyGeek collected data from the biggest Medicare Supplement/Medigap providers in New Jersey for 65-year-olds and 75-year-olds. Plans were only rated as one of the best if we could obtain an accurate quote from the provider online.

MoneyGeek’s scoring system weighted affordability 75% and benefits 25%. A Medigap provider received 5% for every benefit, up to a maximum of 25%.