|Plan Type||Est. Premium*|
|Medigap Plan A:||$123.32||(shop rates)|
|Medigap Plan C:||$165.03||(shop rates)|
|Medigap Plan F:||$169.00||(shop rates)|
|Medigap Plan G:||$148.53||(shop rates)|
*Premiums shown are samples for a 65 year old, non-smoking woman in New Jersey. You must request a quote to get an exact premium for your situation.
This page outlines Gerber Life Insurance Co Medigap Plans sold in New Jersey. Gerber Life is licensed with the New Jersey State Board of Insurance to sell Medicare Supplement insurance. Medicare Supplements help pay the deductibles, copayments and coinsurance that come with Original Medicare. The company has been selling supplements for more than 3 years. Their full range of plans for New Jersey seniors are listed below. You can buy from Gerber Life with confidence. They earned a A 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.
New Jersey seniors with Medicare benefits are eligible to apply for a Gerber 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 (New Jersey)
- Family Life Medigap Plan A (New Jersey)
- Horizon BCBS Medigap Plan A (New Jersey)
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 Gerber Life Insurance Co offers it in New Jersey. 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:
- Family Life Medigap Plan C (New Jersey)
- UnitedHealthcare Medigap Plan C (New Jersey)
- Genworth Life Medigap Plan C (New Jersey)
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 New Jersey. Gerber 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 New Jersey by comparing quotes from these insurance carriers:
- Family Life Medigap Plan F (New Jersey)
- UnitedHealthcare Medigap Plan F (New Jersey)
- United of Omaha Medigap Plan F (New Jersey)
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. Gerber Life Insurance Co offers a Plan G and we think it's worth comparing with the rates offered by these carriers:
- Family Life Medigap Plan G (New Jersey)
- United of Omaha Medigap Plan G (New Jersey)
- Forethought Life Medigap Plan G (New Jersey)
You are eligible to apply for a Gerber Life Medicare Supplement if you are:
- A resident of New Jersey,
- Enrolled in Medicare Parts A and B, and
- You are age 65 or over.
Gerber Life offers plans in Newark, Jersey City, Camden, Paterson, Elizabeth, Edison, Woodbridge, Lakewood, Toms River, Hamilton, Trenton, Clifton, Cherry Hill, Passaic, Middletown, Union City, Old Bridge, Gloucester City, East Orange, Bayonne, Franklin, North Bergen, Vineland, Union, Piscataway, New Brunswick, Wayne, Irvington, Parsippany and most other areas of the state.
This page is maintained by 9/22/2015.and was last updated on