Manhattan Life Medicare Supplement Plans

About Manhattan Life 

Manhattan Life Insurance Company has been in business since 1850 and operates as the parent company for many insurance carriers, including Manhattan Life, Western United Life Assurance, Central United Life. Manhattan Life Medicare plans are well known for their A+ ratings. 

Manhattan Life Medicare Plans Available

Manhattan Life insurance Medigap plans offered will vary depending on the state. In most states, the Medicare Supplement plans are A, C, F, G, and N. Manhattan Life Insurance is a noted secure carrier with health financial reserves as rated by A.M Best Rating. 

Many beneficiaries will enjoy a 7% household discount with their Manhattan Life Medicare supplemental insurance offered to any two people living together and are 60 years old or older.

As of January 1st, 2020, Medigap plans covering the Part B deductible (Plans C and F) are no longer available to those new to Medicare. 

If you currently have plans C or F or the high deductible version of Plan F, you can keep it. If you were eligible for Medicare before January 1st, 2020, but have not yet enrolled, you may buy one of these plans with the Part B deductible coverage.

The full scope of Medicare changes in 2022 has yet to be revealed, but below, you will find an up-to-date breakdown of the changes you can expect, including premium amounts from 2021.

Original Medicare

Medicare is a social insurance program for American citizens 65 or older and those who live with specific disabilities. Medicare was created in 1963 to provide hospital coverage, medical services such as doctor visits and prescription medications. It also covers many of the costs associated with long-term care, like nursing homestays. 

Medicare has two parts, Part A and Part B. The difference is that one covers hospital care while the other helps with doctor visits. 

Medicare Part A

Medicare Part A, also known as hospital insurance, provides coverage for Medicare inpatient care; this may include care received during a stay at home. For most people, Medicare Part A enrollment is automatic. However, some scenarios require you to manually sign up for Medicare Part A during the Initial Enrollment Period (IEP), the seven-month period beginning three months before turning 65, including your 65th birthday month and ending three months later.

Manhattan Life’s Part A insurance covers: 

  • 100% of the Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up
  • 100% of the Part B coinsurance or co-payment
  • 100% of the cost of the first 3 pints of blood
  • 100% of the Part A hospice care coinsurance or co-payment

(Manhattan Life)

Medicare Part B

Medicare Part B, or medical insurance, covers medical services and supplies to diagnose or treat a health condition. This policy covers outpatient and preventative services such as hospital visits and disease screenings. 

Individuals who meet eligibility requirements for premium-free Medicare Part A coverage are automatically eligible for Part B coverage. Medicare Part A coverage is available for individuals over 65, people with disabilities, and those with end-stage renal disease. Medicare.gov offers an online tool to help determine Medicare eligibility

Those who do not qualify for Medicare Part A coverage may still be eligible for Part B if they meet one or more of the following criteria:

  • 65 years of age or older
  • Paid Medicare taxes for the past ten years
  • US citizen or lawful permanent resident
  • Currently, receive disability benefits

Medicare Part B covers medical services and supplies your physician requires to treat a policyholder’s health condition. The following are examples of costs covered by Medicare Part B:

  • Visits to a healthcare facility
  • Ambulance services
  • Part-time or temporary home health care
  • Rehabilitation services and physical therapy
  • Flu and hepatitis b shots
  • Cardiovascular, cancer, and diabetes screenings
  • Limited outpatient prescription drugs
  • Durable medical equipment
  • Clinical research
  • Mental health services (inpatient, outpatient, and partial hospitalization)
  • Second opinions before surgery

Manhattan Life Medicare Advantage (Part C)

Starting January 1st, 2020, people new to Medicare could no longer purchase the Plans C or F Medigap plans. If you are currently enrolled in one of these plans or have purchased Plan F with a high deductible before then (if eligible), you can still use this plan until it expires.

Plan C provides all the basic benefits on Plan A with these extra benefits:

  • 100% of the cost of Skilled nursing facility care coinsurance
  • 100% of the Part A deductible
  • 100% of the Part B deductible
  • 80% of the Foreign travel exchange (up to plan limits)

(Manhattan Life)

Manhattan Life Medicare Part D – Drug Plans

Medicare beneficiaries can get prescription drugs covered through Medicare Part D. The plan is entirely optional, but for Medicare enrollees with high medication expenses, having prescription drugs covered can make for significant savings. Unfortunately, Manhattan Life does not currently have a Medicare Part D drug plan available. 

 If you need help with your prescription plan, one of our licensed agents will help you determine the best plan for the prescriptions you are taking.

Manhattan Life Medicare Supplement Plans

Manhattan Life provides many insurance solutions, but they are well known for their Medicare Supplement, dental, vision, and hearing plans. 

Plan F

Plan F is the most comprehensive supplement plan that will cover 100% of the gaps found in Medicare. This will cover your copays and deductibles paid at the doctor’s office or hospital. It’s been one of the bestselling supplement insurance plans available on the market. 

Starting January 1st, 2020, people new to Medicare could no longer purchase the Plans C or F Medigap plans. If you are currently enrolled in one of these plans or have purchased Plan F with a high deductible before then (if eligible), you can still use this plan until it expires.

Plan F provides all the basic benefits on Plan C with these extra benefits:

  • 100% of the Part B excess charge

(Manhattan Life)

Plan G

Plan G is the second most comprehensive supplement plan covering everything covered in Plan F except for your Medicare Part B deductible. Depending on your state, you can sometimes save money due to lower premiums being more significant than the Part B deductible.

Plan K

Medigap Plan K is one of two Medigap plans that include a yearly out-of-pocket limit of $6,220 in 2021. After your out-of-pocket costs have reached this limit (which consists of the annual Part B deductible), you can be sure to know that 100% of Medicare’s covered bills will come from them for the rest of the year. Medicare Supplement Plan K covers 50% of your cost for the following:

  • Copayments and coinsurance for Medicare Part B
  • First 3 pints of blood when you need surgery
  • Copayments and coinsurance for Part A hospice care
  • Coinsurance use when you need skilled nursing facility care
  • Deductible for Medicare Part A

 Unfortunately, Manhattan Life does not currently have a Medicare Part K plan available. 

 If you need help finding Medicare Plan K that best suits your needs, one of our licensed agents will help you.

Plan L

Medicare Supplement Plan L is used alongside Original Medicare and is commonly called Medigap. Medigap health insurance coverage is used to help fill gaps in coverage left for the insured to pay once Medicare has paid their portion of the bill. Plan L will only pay the remaining cost once Medicare pays its part of the bill. Plan L doesn’t cover all medical expenses, leaving out-of-pocket costs for the insured to pay.

For example, after you have reached $6,220 in yearly costs (2021) (including deductibles), it will cover 100% of all Medicare-covered services until January 1st of the following year.

 Unfortunately, Manhattan Life does not currently have a Medicare Part L plan available. 

 If you need help finding Medigap that best suits your needs, one of our licensed agents will help you.

Enrolling in Manhattan Life & Open Enrollment Period

You can apply for a Medicare Supplement insurance policy if you are:

  • A resident of a state where the policy is offered
  • Enrolled in Medicare Parts A and B
  • Age 65 or over or, in some states, under age 65 with a disability (plan offerings and eligibility vary by state)

In most cases, once you are enrolled in Medicare, you don’t have to re-enroll or renew your Medicare plan every year. If you want to change your Medicare policy, though, you can do that during the annual Medicare open enrollment period. This gives you the chance to change your policy or choose a different coverage option that meets your needs. 

Open enrollment for 2022 coverage will start November 1st, 2021. In most states, it will end on December 15th, 2021, but some states will have later deadlines.