Medicare Supplement Insurance (also called Medigap) helps senior and disabled Wyoming residents pay for certain Medicare copayments, deductibles, and other costs. Currently, insurance companies can offer state residents up to 10 standardized Medigap plan options: Plans A, B, C, D, F, G, K, L, M, and N.
WY Medicare Enrollment Quick Facts:
- Over 97,000 Wyoming 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)
- 43,752 Wyoming residents had a Medigap policy in 2015, according to data from America’s Health Insurance Plans (AHIP)
- Plan F is the most popular Medigap plan in Wyoming, with 30,871 enrollees in 2015, according to AHIP
Medicare Supplement Insurance (also called Medigap) helps senior and disabled Wyoming residents pay for certain Medicare copayments, deductibles, and other costs. Currently, insurance companies can offer state residents up to 10 standardized Medigap plan options: Plans A, B, C, D, F, G, K, L, M, and N.
WY Medigap Enrollment Statistics
According to AHIP, 47.1 percent of Medicare beneficiaries in Wyoming were also enrolled in a Medigap plan in 2015. Certain Medigap plans sold in Wyoming are more popular than others.
The chart below shows which plans were most popular in Wyoming in 2015, according to AHIP.
|
Popularity Ranking |
Plan |
Total Enrolled in 2015 |
|
1 |
F |
30,871 |
|
2 |
G |
3,839 |
|
3 |
N |
2,759 |
|
4 |
C |
1,776 |
|
5 |
A |
518 |
|
6 |
K |
330 |
|
7 |
B |
265 |
|
8 |
D |
253 |
|
9 |
L |
229 |
|
10 |
M |
0 |
|
Old plans* |
2,222 |
|
|
Pre-standardized** |
690 |
*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 Pricing Methods
Medigap pricing methods are important because they dictate how your premiums may increase in future years. There are 3 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 policies issued in Wyoming 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’s also available to disabled people and those with end-stage renal disease (ESRD) in some states. 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 Wyoming do not have to offer any Medigap plans to under-65 Medicare beneficiaries. Medigap insurers in Wyoming are allowed to charge under-65 policyholders different premiums from their senior policyholders.
Learn More
To learn more about Medicare Supplement Insurance, read through our guides below.