Los Angeles, CA, September 21, 2012 --(PR.com
)-- Nearly 10 million Americans have Medicare Supplement insurance, also commonly called Medigap insurance according to a report from the American Association for Medicare Supplement Insurance that analyzed the top 10 states.
Nearly 570,000 Florida residents have the coverage, according to Jesse Slome, executive director of the American Association for Medicare Supplement Insurance an organization established to create awareness. Pennsylvania ranked second with just over 612,000 residents having the protection.
“Medicare has four parts and while it covers an enormous amount of the potential cost of health care, it does not cover everything which is why many people opt for additional private Medicare supplement insurance coverage,” Slome explains. “Insurers offer a variety of plans that provide individuals with enormous flexibility.”
According to the Association’s analysis, the top 10 states with the most policyholders are:
North Carolina (374,160)
New York (354,777)
New Jersey (350,603)
There are 12 standardized Medicare Supplemental insurance plans - A through L. Medicare Supplement is often also called Medigap. Each plan has different benefits. Plan A has the fewest and is the least expensive. Plan J has the most and is the most expensive.
It is important to note that all 12 Medicare Supplemental insurance plans are not available in every state. In addition, Massachusetts, Minnesota and Wisconsin have their own plans (each with different names). But the state-specific plan benefits are similar to the "national" plans.
The American Association for Medicare Supplement Insurance and the American Association for Long Term Care Insurance were established to advocate for the importance of planning and to support insurance and financial professionals who market Medigap insurance. To learn more about and obtain Medicare Supplement insurance costs call the organization’s offices at (818) 597-3205 or visit the Association’s website.