|Plan Type||Est. Premium*|
|Medigap Plan A:||$84.56||(shop rates)|
|Medigap Plan C:||$126.41||(shop rates)|
|Medigap Plan G:||$96.85||(shop rates)|
|Medigap Plan N:||$89.72||(shop rates)|
*Premiums shown are samples for a 65 year old, non-smoking woman in Ohio. You must request a quote to get an exact premium for your situation.
The Ohio State Board of Insurance has licensed Philadelphia American Life Insurance Co to sell Philadelphia American Medigap plans (Medicare Supplement insurance) to Ohio seniors with Medicare benefits. Supplemental insurance protects you from hospital and doctor bills not covered by Original Medicare (e.g., deductibles, copayments and coinsurance, etc.). This insurance carrier has participated in the supplement insurance market for 8 years and offers a range of plans for Ohio seniors (see plans offered below). You can buy from Philadelphia American with confidence. They earned a B+ rating from A.M. Best Company, nationally recognized for their financial analysis of insurance carriers.
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.
Ohio seniors with Medicare benefits are eligible to apply for a Philadelphia American Life Insurance Co Medigap Plan A policy. It's a Attained Age based premium. We recommend comparing this company's Plan A rate with these carriers:
- UnitedHealthcare Medigap Plan A (Ohio)
- Globe Life Medigap Plan A (Ohio)
- KSKJ Life Medigap Plan A (Ohio)
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 Philadelphia American Life Insurance Co offers it in Ohio. 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:
- Forethought Life Medigap Plan C (Ohio)
- KSKJ Life Medigap Plan C (Ohio)
- Central States Medigap Plan C (Ohio)
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. Philadelphia American Life Insurance Co offers a Plan G and we think it's worth comparing with the rates offered by these carriers:
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:
- Forethought Life Medigap Plan N (Ohio)
- Colonial Penn Medigap Plan N (Ohio)
- GPM Life Medigap Plan N (Ohio)
You are eligible to apply for a Philadelphia American Medicare Supplement if you are:
- A resident of Ohio,
- Enrolled in Medicare Parts A and B, and
- You are age 65 or over.
Philadelphia American offers plans in Cincinnati, Cleveland, Elyria, Columbus, Dayton, Akron, Toledo, Youngstown, Euclid, Parma, Canton, Lorain, Hamilton, Springfield, Kettering, Lakewood, Cuyahoga Falls, Middletown and most other areas of the state.
This page is maintained by 9/22/2015.and was last updated on