|Plan Type||Est. Premium*|
|Medigap Plan A:||$73.45||(shop rates)|
|Medigap Plan C:||$105.04||(shop rates)|
|Medigap Plan F:||$106.61||(shop rates)|
|Medigap Plan G:||$87.93||(shop rates)|
|Medigap Plan N:||$72.57||(shop rates)|
*Premiums shown are samples for a 65 year old, non-smoking woman in Louisiana. You must request a quote to get an exact premium for your situation.
This page outlines New Era Life Insurance Companies Medigap Plans sold in Louisiana. New Era Life is licensed with the Louisiana State Board of Insurance to sell Medicare Supplement insurance. A Medicare Supplement protects you from hospital and doctor bills, including deductibles, copayments and coinsurance, that Original Medicare does not pay. The underwriter has been selling supplemental insurance in Louisiana for over 5 years. Their plan offerings are outlined below. A.M. Best Company, a nationally recognized insurance rating company, gave New Era Life an B+ rating.
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.
Louisiana seniors with Medicare benefits are eligible to apply for a New Era Life Insurance Companies Medigap Plan A policy. It's a Attained Age based premium. We recommend comparing this company's Plan A rate with these carriers:
- Heartland National Medigap Plan A (Louisiana)
- Central States Medigap Plan A (Louisiana)
- UnitedHealthcare Medigap Plan A (Louisiana)
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 New Era Life Insurance Companies offers it in Louisiana. The monthly premium is calculated using the Attained Age cost method. Before you make a final decision, be sure to compare. Here are a few companies with good rates:
- Central States Medigap Plan C (Louisiana)
- Sterling Investors Medigap Plan C (Louisiana)
- Forethought Life Medigap Plan C (Louisiana)
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 Louisiana. New Era Life Insurance Companies offers a good Medigap Plan F, however, don't forget to compare prices. Make sure you're getting the lowest premium available in Louisiana by comparing quotes from these insurance carriers:
- Heartland National Medigap Plan F (Louisiana)
- Central States Medigap Plan F (Louisiana)
- United of Omaha Medigap Plan F (Louisiana)
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. New Era Life Insurance Companies offers a Plan G and we think it's worth comparing with the rates offered by these carriers:
- Heartland National Medigap Plan G (Louisiana)
- Forethought Life Medigap Plan G (Louisiana)
- United of Omaha Medigap Plan G (Louisiana)
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:
- Heartland National Medigap Plan N (Louisiana)
- Central States Medigap Plan N (Louisiana)
- Sentinel Security Medigap Plan N (Louisiana)
You are eligible to apply for a New Era Life Medicare Supplement if you are:
- A resident of Louisiana,
- Enrolled in Medicare Parts A and B, and
- You are age 65 or over.
New Era Life offers plans in New Orleans, Metairie, Baton Rouge, Shreveport, Lafayette, Lake Charles, Kenner, Bossier City, Monroe, Alexandria and most other areas of the state.
This page is maintained by 9/22/2015.and was last updated on