Everest Medicare Supplement 2025 – Plans & Rates

Many Americans rely on Medicare to pay for their medical expenses.

The government-funded health insurance program, which is designed for individuals who are 65 years of age and older, as well as individuals who have been diagnosed with certain health conditions and disabilities, covers a wide range of medical care and services.

Unfortunately, however, it doesn’t cover everything, and beneficiaries are responsible for making up the difference.

Given the rising cost of healthcare, those out-of-pocket expenses can be hefty and for many, can cause financial hardship. Fortunately, there is a way to offset the costs that Medicare doesn’t cover: Medicare Supplement Insurance.

If you recently became eligible for Medicare or you’re about to, you might be planning on purchasing Medicare Supplement Insurance. If so, you’ll need to choose an insurance provider, as several companies offer these Medigap policies, such as Allstate, Mutual of Omaha, Aetna, Cigna, and more.

Because nothing is more important than your health, when it comes to choosing an insurer for your Medicare Supplement plan, doing your research and weighing your options is essential.

If you’re considering Everest Medicare Supplement Insurance, before you make a final decision, keep on reading to learn more about this insurance company and the Medicare Supplement plans it offers.

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Original Medicare is made up of two separate parts: Part A and Part B. Part A covers inpatient medical care and services, such as hospital stays and hospice care and Part B covers outpatient medical care and services, such as doctor’s appointments and lab tests. Medicare Part A and Part B cover 80 percent of inpatient and outpatient expenses; beneficiaries are responsible for the remaining 20 percent.

While 20 percent might not sound like a lot, given the high cost of medical care in the United States, it really does add up. For many, such as those who have been diagnosed with chronic conditions and require routine are, and individuals who are living on a fixed income, the out-of-pocket expenses that are associated with Original Medicare can cause serious financial hardship. That’s where Medicare Supplement Insurance can help.

Also known as Medigap, Medicare Supplement Insurance is separate insurance coverage that is designed to help offset Original Medicare’s out-of-pocket expenses. It doesn’t replace Part A or Part B, but works alongside it by paying for a portion or all of the costs that aren’t covered by Original Medicare.

There are 10 Medigap plans, which are named for letters and are sold by private insurance companies. Benefits vary from plan to plan, but the policies are standardized, so all plans that are the same letter have to provide certain benefits that the federal government requires, no matter which insurance company provides the policy, or where the policy is purchased.

In order to purchase a Medicare Supplement Insurance plan, you must be enrolled in both parts of Original Medicare. It’s important to note that these policies do not apply to Medicare Advantage. There are several insurance companies that offer Medigap plans, including Everest.

Everest is a global insurance company that is based in Bermuda and operates via subsidiaries in the United States, Canada, Europe, Singapore, and of course Bermuda. Founded in 1973 as Prudential Reinsurance, a subsidiary of Prudential Financial, the company offers a variety of insurance products, including Medicare Supplement Insurance, as well as property, casualty, professional liability, and cyber policies.

Ranked one of the top 10 insurance companies in the world, Everest has an A+ (Superior) rating from AM Best, a premier insurance rating industry, which indicates that the company has a strong financial standing and can meet the needs of its policyholders. For more than 50 years, the company has been highly regarded for offering reliable products and services, which is why so many Medicare beneficiaries choose Everest for their Medigap insurance.

Everest offers several Medicare Supplement Insurance plans. Offerings vary and depend on location; however, the most popular Medigap policies that this insurance company offers include the following:

Plan F  

Of all the Medicare Supplement Insurance policies that are available, Plan F is the most popular, as it offers the most comprehensive coverage. With Everest Medigap Plan F covers the following out-of-pocket expenses:

• Part A coinsurance and hospital expenses up to an extra 365 days after Medicare Part A benefits have been exhausted
• Part A deductible
• Part A hospice care and coinsurance or copayment
• Part B coinsurance or copayment
• Part B excess charges
• Skilled nursing facility coinsurance
• First three pints of blood for blood transfusions
• Emergency medical care while traveling abroad

While Plan F does offer the most comprehensive coverage, it isn’t available to everyone; only individuals who became eligible for Medicare before January 1, 2020, can purchase this policy.

   Plan G 

This plan is the second most popular Medigap policy. It’s considered a replacement for Plan F, as it’s available to all Medicare beneficiaries, regardless of when they became eligible for benefits, and it offers the same benefits, except the Part B deductible.

In 2023, the Part B deductible was $226 and it’s expected to be similar in 2024.

Plan N 

Plan N is another popular Medigap policy that will be very competitively priced in 2024. The premiums for this policy are lower; however, to make up for the lower premiums, it doesn’t cover Part B copays or excess charges.

In other words, you’ll need to cover copays, which can cost up to $20 per office visit and up to $50 per emergency room visit.

Plan N is a popular choice for individuals who are in good health and do not require a lot of medical care, as the monthly premiums are lower.

It’s important to note that the rates for Everest Medigap insurance vary and depend on several factors.

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The best time to enroll is during the Medigap Open Enrollment period, as your application cannot be subjected to medical underwriting, which means your rates will be lower.

If you have questions about Medicare Supplement plans, call our team at 1-888-821-0229. We offer professional advice on Medigap policies. Our fully licensed agents offer free consultations to give you all the information you need about Medigap. If you want someone to call you back, leave your details on the contact form and we’ll get a Medigap expert to reach out to you.