NY Medicare enrollment quick facts
- Over 2 million New York residents were enrolled in Medicare Part A and/or Part B in 2017, according to data from the Centers for Medicare and Medicaid Services (CMS).
- 436,192 New York residents had a Medigap policy in 2015, according to data from America’s Health Insurance Plans (AHIP).
- Plan F is the most popular Medigap policy in New York, with 241,766 enrollees in 2015, according to AHIP.
Medicare Supplement insurance (also called Medigap) helps senior and disabled New York residents pay for certain Medicare co-payments, deductibles, and other costs. Currently, insurance companies can offer state residents one of the 10 standardized Medigap plan options: Plans A, B, C, D, F, G, K, L, M, and N.
According to AHIP, more than 20% of Medicare beneficiaries in New York were also enrolled in a Medigap plan in 2015.
Certain Medigap plans are more popular than others. The chart below shows which plans are most popular in New York, according to AHIP.
|Popularity ranking||Plan||Total enrollees in 2015|
|*Plans no longer available for purchase, including Plans E, H, I, and J.**Pre-standardized plans are policies sold before July 1992.|
Medicare Supplement Insurance plan pricing methods
Medigap pricing methods are important because they dictate how your premiums may increase in future years. There are three different pricing methods:
- Attained-age rated: The premium increases as you age.
- Issue-age rated: The premium is based on your age when you buy and it may increase due to inflation and other factors, but not due to your age.
- Community rated: The same premium is charged to all Medigap policyholders.
The majority of Medigap plans in New York are attained-age rated, according to the Kaiser Family Foundation (KFF).
Under-65 enrollment rules
Although Medicare Supplement insurance is primarily for senior citizens, it also covers disabled people and those with end-stage renal disease (ESRD). Each state’s insurance department dictates the rules governing Medicare beneficiaries under the age of 65.
According to the KFF, insurance companies selling Medigap plans in New York must offer at least one plan to under-65 Medicare beneficiaries who are disabled or have ESRD.
New York Medigap insurers cannot charge under-65 policyholders different premiums than their senior policyholders. Insurers must charge the same premium to all non-senior applicants. Unlike most states, New York has continuous Medigap open enrollment throughout the year for under-65 Medicare enrollees.