|Plan Type||Est. Premium*|
|Medigap Plan A:||$110.72||(shop rates)|
|Medigap Plan C:||$152.54||(shop rates)|
|Medigap Plan F:||$156.17||(shop rates)|
|Medigap Plan G:||$132.32||(shop rates)|
|Medigap Plan N:||$117.49||(shop rates)|
*Premiums shown are samples for a 65 year old, non-smoking woman in Missouri. You must request a quote to get an exact premium for your situation.
The Missouri State Board of Insurance has licensed Forethought Life Insurance Co to sell Forethought Life Medigap plans (Medicare Supplement insurance) to Missouri seniors with Medicare benefits. Medicare Supplements help pay the deductibles, copayments and coinsurance that come with Original Medicare. The underwriter has been selling supplemental insurance in Missouri for over 2 years. Their plan offerings are outlined below. Forethought Life received an A- rating from A.M. Best Company, the leading provider of credit ratings and financial data for the insurance industry.
All insurance companies that sell Medicare Plans must offer Plan A. This is the most basic policy covering the portions of Medicare Part A and Part B that the government doesn’t pay.
Missouri seniors with Medicare benefits are eligible to apply for a Forethought Life Insurance Co Medigap Plan A policy. It's a Issue Age based premium. We recommend comparing this company's Plan A rate with these carriers:
- Old Surety Medigap Plan A (Missouri)
- Globe Life Medigap Plan A (Missouri)
- UnitedHealthcare Medigap Plan A (Missouri)
Plan C covers every penny of what Medicare approves, up to the approved payment amount. In other words, there are only two instances in which Plan C will not cover what is left of your charges after Medicare pays its share. The first instance is when Medicare doesn’t approve the charge at all. The second is when your healthcare provider charges more than the Medicare approved amount. This is because Plan C does not cover Medicare Part B Excess Charges.
If you take care to avoid the Medicare Part B excess charges, this is an attractive policy, and Forethought Life Insurance Co offers it in Missouri. The monthly premium is calculated using the Issue Age cost method. Before you make a final decision, be sure to compare. Here are a few companies with good rates:
- Christian Fidelity Medigap Plan C (Missouri)
- Globe Life Medigap Plan C (Missouri)
- GPM Life Medigap Plan C (Missouri)
Plan F is the most popular of all supplements. It offers comprehensive coverage for everything Original Medicare doesn’t cover as long as the charge is approved.
There are No Co Pays, No Deductibles and No Out of Pocket Costs with Plan F. That means if your Medicare Part A or Part B pay a penny on any doctor or hospital charges, this policy will cover the gap. Period.
The two gaps that are not covered are At Home Recovery and Preventative Care. These expenses are not covered by Medicare at all.
Plan F is by far the most commonly purchased Medicare supplement in Missouri. Forethought Life Insurance Co offers a good Medigap Plan F, however, don't forget to compare prices. Make sure you're getting the lowest premium available in Missouri by comparing quotes from these insurance carriers:
- Old Surety Medigap Plan F (Missouri)
- Bankers Fidelity Medigap Plan F (Missouri)
- Mutual of Omaha Medigap Plan F (Missouri)
Plan G has almost as much coverage as a Plan F. The difference is the Part B deductible. After your annual Medicare Part B deductible is met, this plan will cover the coinsurance amount of Medicare-approved medical services, which is generally 20% of the approved amount.
If you stay in the hospital for longer than 60 days, but less than 90 days, Plan G covers your Medicare Part A coinsurance for each benefit period. For each Medicare “hospital reserve day” you use, Plan G pays the full per day Medicare Part A coinsurance amount. “Hospital reserve days” are 60 nonrenewable hospital days that Medicare provides you which can only be used once in a lifetime. After all Medicare hospital benefits are exhausted, Plan G covers 100% of Medicare Part A eligible hospital expenses.
Most experts agree that Plan G is the best alternative to the F Plan. It offers all of the same benefits, except the Part B deductible. Forethought Life Insurance Co offers a Plan G and we think it's worth comparing with the rates offered by these carriers:
- GPM Life Medigap Plan G (Missouri)
- Bankers Fidelity Medigap Plan G (Missouri)
- Mutual of Omaha Medigap Plan G (Missouri)
Offering benefits similar to Plan D, Plan N features a $20 co-payment for doctor visits and a $50 co-payment for emergency room visits. These co-pays are applied once the annual deductible is met. Most Plan N premiums are approximately 70% of a Plan F and 77% of Plan D premiums.
Plan N gives you all of the basic coverage benefits, plus it pays your Medicare Part A deductible. You pay the Part B deductible and the Part B excess charges. You are also responsible for a $20 co-pay when you visit the doctor and up to $50 for each emergency room visit. If saving money is your goal, this plan will help. Compare premiums with these carriers before you buy:
- United National Medigap Plan N (Missouri)
- Christian Fidelity Medigap Plan N (Missouri)
- Oxford Life Medigap Plan N (Missouri)
You are eligible to apply for a Forethought Life Medicare Supplement if you are:
- A resident of Missouri,
- Enrolled in Medicare Parts A and B, and
- You are age 65 or over.
Forethought Life offers plans in Saint Louis, Kansas City, Springfield, Independence, Columbia, Lees Summit, O'Fallon, Saint Joseph, Saint Charles, Blue Springs, Saint Peters, Florissant, Joplin, Chesterfield and most other areas of the state.
This page is maintained by 9/22/2015.and was last updated on