State Farm Mutual Auto Insurance Co offers 3 Medicare Supplemental Plans in Illinois. The benefit and coverage details are outlined below. You can learn more about State Farm on their website at http://www.statefarm.com.
Medicare Supplement Plan A
This is the most basic supplement offered by State Farm Mutual Auto Insurance Co. Plan A has the least coverage, but it covers the most risky gaps in Original Medicare. Here's what you get:
- Medicare Part A coinsurance payments up to an additional 365 days after Original Medicare benefits are exhausted
- Medicare Part B co-payment or coinsurance expenses, including preventative care coinsurance expenses
- The first three pints of blood used in a medical procedure
- Part A hospice care coinsurance expense or co-payment
CRITICAL: Plan A does not cover the Medicare Part A deductible. The Part A deductible is part of your hospitalization costs, Skilled Nursing Facility (SNF) costs, hospice, and some home health care services. For this reason, this plan isn't appropriate for most people. In most cases a high-deductible Plan F or a plan that caps out-of-pocket expenses, like a Plan M or N, offers better overall coverage at a similar price.
IMPORTANT: Plan A is often confused with Medicare Part A, which is your hospital insurance.
Medicare Supplement Plan C
This is one of the complete plans available. Only Plan F offers more coverage than Plan C. And, like Plan F, it offers coverage on most gaps in Original Medicare.
There are two gaps that State Farm Plan C does not cover. The first one is Medicare Part B excess charges. These are the costs a provider charges over what Medicare pays for a service. If you use a provider that does not accept Medicare Assignment, you pay these charges directly. The second costs not covered are those for home recovery, which are associated with at home recovery after a period of hospitalization.
Plan C from State Farm Mutual Auto Insurance Co covers:
- Medicare Part A hospital coinsurance and hospital costs up to 365 days after Original Medicare benefits are exhausted
- Part A hospice care coinsurance payment or co-payment
- Medicare Part B co-payment or coinsurance payment
- Part B preventive care coinsurance payment
- First three pints of blood for a medical procedure
- Skilled Nursing Facility (SNF) care coinsurance
- Medicare Part A deductible costs
- Medicare Part B deductible costs
- Foreign travel emergency coverage (up to plan limits)
Plan C is comprehensive. For most people it's a more economical choice to Plan F. Starting January 1, 2020, it will be the most comprehensive plan available, as Plan F is being phased out.
Medicare Supplement Plan F
NOTE: Plan F will be phased out in 2020. If you buy State Farm Mutual Auto Insurance Co's Plan F policy before January 1, 2020 you will be able to keep it.
Plan F is the most comprehensive supplement available in Illinois. Its coverage makes it the most popular plan, but it's also the costliest, and here's why. The State Farm Plan F makes sure that you have zero out-of-pocket costs. Pay your monthly premium and you're done. The plan takes care of all remaining doctor, specialist, lab, hospital, skilled nursing and home care costs.
With a Plan F policy, State Farm pays:
- Part A deductible
- Part B deductible
- Part B excess charges
- Preventative care Part B coinsurance
- Part A hospital and coinsurance costs up to an additional 356 days after Medicare benefits are exhausted
- Part B co-insurance or co-payment
- First three pints of blood used in an approved medical procedure (annually)
- Part A hospice care co-payment or coinsurance
- Skilled Nursing Facility (SNF) coinsurance
- Foreign travel emergency
IMPORTANT: Other State Farm Mutual Auto Insurance Co plans are available at a lower premium, but Plan F helps you eliminate high out-of-pocket costs.
NOTE: You must continue to pay your Medicare Part B premium, Part A premium (if you did not work for ten years or more), and your Medicare Part D premium for prescriptions.
Eligibility to Buy a Medicare Supplemental Plan
State Farm Medicare Supplements are available to all approved Illinois Medicare beneficiaries enrolled in Medicare Part B. Beneficiaries turning age 65 have guaranteed issue rights and cannot be turned down. Additionally, State Farm can't cancel your policy, and must continue to renew it, for as long as you continue to pay the premiums and make no material misrepresentations.
Supplemental Medicare Insurance Availability
State Farm offers Medicare Supplemental Plans in Chicago, Naperville, Elgin, Aurora, Rockford, Joliet, Springfield, Peoria, Waukegan, Cicero, and most other Illinois towns, cities, and rural areas.
The Medicare Supplement data on MedicareNavigators.com originates from Medicare.gov and private sources and is subject to regular updates. The Centers for Medicare and Medicaid Services, the Illinois State Insurance Commission, and State Farm Mutual Auto Insurance Co has neither reviewed nor endorsed the information on this page.
The insurance information on this page is a summary only, not a complete description. Limitations and restrictions may apply. For more information contact the insurance carrier directly at http://www.statefarm.com.
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Compare State Farm Medicare Supplements (Medigap) in Illinois and save. Don't pay more for your Medicare Plan F, Plan G, or Plan N. Get Enrolled online.
Medicare Supplements, also known as Medigap plans, are regulated by state and federal laws and are not compatible with other health insurance policies, including Medicare Advantage, employer/union group health coverage, Medicaid, Veterans Administration (VA) benefits, or TRICARE. Insurance companies, including State Farm Mutual Auto Insurance Co, must adhere to standardized Medigap policy guidelines. Standardized policies must offer the same benefits. The premium and method of rating are the only differences permitted.
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