2023 USAA Medicare Supplement Review
- Explore USAA Medicare Supplement plans that have high customer satisfaction and can help lower your Medicare spending. USAA is rated A++ by A.M. Best in 2023 and has over 100 years of history.
USAA offers a variety of insurance products to active and retired members of the military and their families. One type of coverage available through USAA is Medicare Supplement Insurance, or Medigap.
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Is USAA A Good Choice For Medicare Supplement Insurance?
USAA has a long established history. The company was founded more than 100 years ago and serves over 13 million beneficiaries today. The company reports a net worth of more than $40 billion.1
USAA rates strong among the leading financial rating agencies including:1
- M. Best A++; Superior (Highest of 16 possible rankings)
- Moody’s Aaa; Exceptional (Highest of 21 possible rankings)
- S&P AA+; Very Strong (Second-hghest of 21 possible rankings)
According to the National Association of Insurance Commissioners (NAIC), USAA receives far fewer customer complaints than other insurance companies in the market, getting fewer than half the number of customer complaints than the average insurance company.2
And USAA goes the extra mile to connect with members and promote health and wellness.
With an established history, strong financial ratings and high customer satisfaction, and with plans available in nearly every state, USAA may be a good fit for your Medicare Supplement needs. Plus, the company recently announced a partnership with Humana to launch a Medicare Advantage (Medicare Part C) plan tailored specifically to the needs of veterans.
You must meet the USAA eligibility requirements regarding military service in order to enroll in coverage. It’s also important to note USAA does not offer all types of Medicare Supplement plans.
What Is Medicare Supplement Insurance?
Medicare Supplement Insurance plans help supplement your Original Medicare (Part A and Part B) coverage by picking up the cost of Medicare deductibles, copayments, coinsurance and other out-of-pocket demands. These plans are also called “Medigap” because they help pay some of the gaps in Medicare Part A and Part B coverage.
There are 10 different types of standardized Medicare Supplement plans available in most states, though USAA may not offer each type of Medigap plan where you live.
Which Medicare Supplement Plans Does USAA Sell?
USAA offers seven Medicare Supplement plans, although not every plan may be available in every state. In most states, USAA sells Plan A, Plan G, Plan N and Plan F.
USAA Medigap Plan A
Medigap Plan A offers the most basic level of benefits that includes full coverage of the Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are exhausted, Part B coinsurance and copayments, Part A hospice care coinsurance and copayments and the first three pints of blood used in a transfusion.
USAA Medigap Plan B
Medigap Plan B includes everything found in Plan A in addition to coverage of the Medicare Part A deductible.
USAA Medigap Plan C
Medigap Plan C includes all Plan B benefits in addition to coverage of skilled nursing facility care coinsurance, the Medicare Part A and Part B deductibles and 80% coverage of foreign travel emergency care.
Medigap Plan C is only available to beneficiaries who became eligible for Medicare before Jan. 1, 2020. That is true of USAA and all other insurers who sell the plan.
USAA Medigap Plan D
Medigap Plan D has benefits that are identical to those of Plan C with the only exception being Plan D does not offer coverage for the Medicare Part B deductible.
USAA Medigap Plan G
Medigap Plan G offers the highest level of coverage available to incoming Medicare beneficiaries. The plan includes all of the Medigap Plan A benefits in addition to full coverage of skilled nursing facility care coinsurance, the Medicare Part A deductible and Medicare Part B excess charges in addition to 80% coverage of foreign travel emergency care.
The only Medigap benefit area not covered by Plan G is coverage of the Medicare Part B deductible.
USAA Medigap Plan N
Medigap Plan N includes all of the same benefits as Plan G with the exception of coverage for Medicare Part B excess charges.
Plan N coverage of Medicare Part B coinsurance and copayments may require copayments of up to $20 for certain office visits and up to $50 for emergency room visits that do not result in inpatient admission. These cost-sharing parts of the plan may typically result in lower monthly premiums than some other Medigap plans.
USAA Medigap Plan F
Medigap Plan F is the only plan to pay for every Medicare cost a Medicare Supplement plan can cover. That includes everything found in Plan G in addition to coverage of the Medicare Part B deductible.
Like Plan C, Medigap Plan F is only available to those who became eligible for Medicare before Jan. 1, 2020.
Which States Have USAA Medicare Supplement Plans?
USAA sells Medicare Supplement plans in 45 states and the District of Columbia. Only in Minnesota, Wisconsin, New York, Massachusetts and New Jersey will you not find USAA Medigap plans for sale.
In Pennsylvania, plans A, B, F, G and N are available. In Michigan, plans A, C, D, F, G and N are available. And in all other states, the USAA plan lineup includes plans A, F, G and N.
How Much Do USAA Medicare Supplement Plans Cost?
USAA plan premiums will vary according to plan selection, location and age.
To give a general idea of costs, a 65-year-old female in Raleigh, NC can expect to pay $101.83 per month for Plan A, $120.36 per month for Plan N and $137.19 per month for Plan G in 2023, thought these costs are only examples and may change.
Other factors such as your health and smoking history may affect your Medicare Supplement quotes. The best way to compare free quotes is to speak with a licensed insurance agent or request a free quote online.
When Can I Enroll In A USAA Medicare Supplement Plan?
The best time to enroll in a Medicare Supplement Insurance plan through USAA is during your Medigap Open Enrollment Period. This period begins the month you are at least 65 years old and enrolled in both Medicare Part A and Part B and lasts for six consecutive months.
During this time, you have guaranteed issue rights. This means you’re protected from any medical underwriting and insurance companies can’t charge you a higher rate or deny you coverage based on your health.
You may still enroll in Medigap outside of your Medigap Open Enrollment Period, but you may be subject to medical underwriting that may result in increased rates or even a denial of coverage if you don’t have a guaranteed issue right.
1 USAA. Corporate Overview. Retrieved March 2023 from https://www.usaa.com/inet/wc/about_usaa_corporate_overview_main. Financial ratings as of Dec. 31, 2021, and are subject to change.
2 NAIC. USAA Life Ins Co National Complaint Index Report. Retrieved March 2, 2023 from https://content.naic.org/cis_refined_results.htm?TABLEAU=CIS_COMPLAINTS&COCODE=69663&REALM=PROD.
