Best Medicare Supplement Plans in Iowa

In Iowa, Aetna offers the best Medicare Supplement plans. Key features that stand out are household discounts, fast underwriting, affordable monthly premiums, and high customer satisfaction rates. Also, consider Plan N and High Deductible Plan G from Mutual of Omaha if you want a low-cost option.

  • Plan G: $108.21 per month
  • Plan N: $79.30 per month
  • Customer satisfaction: 4.8/5 stars
  • Plan N: $77.24 per month
  • Plan G: $111.41 per month
  • Customer satisfaction: 98%

When researching the best Medicare Supplement plans in Iowa, we focused on plan options that are budget friendly from insurance companies with solid long-term financial strength. We make sure the company has been around for a while. We often see new, “no-name” insurance companies entering the market. They start with lower rates and then increase them after the first year. We recommend sticking with brands you know and trust.

What's the Best Medicare Supplement Company in Iowa?

The overall best Medigap provider in Iowa is Aetna.

Aetna Medigap plans are usually cheaper in Iowa, which is one of the reasons it’s the most popular provider in our review.

The best Medicare Supplement company also depends on the plan letter you’re considering. For example, you may find that Plan N is cheaper with one company and Plan G is more affordable with another. In addition, each company has strengths and weaknesses based on insurance coverage levels.

CompanyMarket
Share
Plan G
Cost
Plan N
Cost
Rate Increase
(Last 5 years)
Financial
strength
BCBS of Iowa 56.08%$137$1065.8%A
Aetna (CVS Group)13.48%$108$794.0%A+
Mutual of Omaha Group5.88%$111$772.0%A
UnitedHealth Group5.09%$106$951.0%A-
Cigna Health Group2.26%$114$757.0%A
USAA1%$137$1164.5%A++
Comparison of the top five companies with the largest market share in Iowa. Quotes are the average monthly rate in Iowa for a 65-year-old female nonsmoker. Rate increase history is the average over the last five years. Financial strength is based on AM Best ratings.

Medigap coverage is standardized by plan letter. Therefore, the plan benefits you get with one company will be the same as what you get with another. As mentioned, most plans have no networks, so you can see any medical provider or doctor who accepts Medicare. Comparing insurance companies based on cost and policyholder satisfaction makes the process much easier.

Best Plan G Rates: Aetna

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Pros & Cons

Aetna offers excellent Plan G and N rates, generous premium discounts, and a long-term history in the Medicare industry.

Pros

  • Generous household discounts
  • Optional prescription drug plans
  • Optional dental & vision insurance plans
  • No annual benefit changes
  • See any doctor that accepts Original Medicare

Cons

  • Outsourced customer service
  • Tougher medical underwriting
  • $20 application fee
Highlights:
  • Lives covered in Iowa: 81,316
  • Aetna Plans offered: A, B, C, D, F, G, N, HDF, HDG (Annual deductible $2,490)
  • Most popular plan: G
  • AM Best Rating: A
  • Year entered market: 1992
It Pays What Medicare Doesn’t:

Things like:

Average Aetna Medigap cost in Iowa:

65-year-old female
  • Plan F: $118.70
  • Plan G: $108.21
65-year-old male
  • Plan A: $100.71
  • Plan N: $79.30

Best Plan N Rates: Mutual of Omaha

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Pros and Cons

Mutual of Omaha offers great rates on Plan N along with household discounts, multiple plans, and solid rates.

Pros

  • Generous household discounts
  • Optional Part D prescription drug plans
  • No annual benefit changes
  • See any doctor that accepts Original Medicare

Cons

  • Multi-step process to pay online
  • Height & weight can affect rates
  • They charge a binder payment when applying, unlike Aetna
Highlights:
  • Lives covered in Iowa: 35,442
  • Mutual of Omaha Plans offered: A, B, C, D, F, G, N, HDF, HDG (Annual deductible $2,490)
  • Most popular plan: G
  • AM Best Rating: A+
  • Year entered market: 1966
It Pays What Medicare Doesn’t:

Things like:

  • Coinsurance & copayments
  • Part A deductible
  • Foreign travel
  • Part B excess charges
  • Emergency care
  • Lower out-of-pocket costs overall

Average Mutual of Omaha Medigap cost in Iowa:

65-year-old female
  • Plan F: $130.68
  • Plan G: $111.41
65-year-old male
  • Plan A: $108.07
  • Plan N: $77.24

How Much Does a Medigap Plan Cost in Iowa?

The average cost for an Iowa Medicare Supplement plan on the low end is $78, and $305 per month is on the higher end. Your age and plan choice will have the most significant impact on your premium.

Medigap PlanMonthly CostPlan Popularity in Iowa
Plan F $11860%
Plan G$10845%
Plan N$7725%
High Deductible G$3615%
Plan A$868%
Plan K$45-1%
Quotes are for sample purposes only. Prices are the average monthly rate in Iowa for a 65-year-old female nonsmoker. Part B start date and or medical underwriting may affect your rate.

How Does Age Affect Medigap Prices in Iowa?

  • How Rates Are Determined:

    Attained-age

    • Based on your age. As you get older, the premiums go up. Although they may look less expensive when you are younger, they may become the most expensive as you age.

    Issue-age

    • Based on your age when you buy the Medigap plan. The premium rate does not increase as you age.

    Community-rated

    • Not based on age. The rate is the same for everyone, regardless of age.

    Both issue-age and community rated premiums may increase in cost over time because of external factors such as inflation, but they will not increase because of a person’s age.

Final Verdict

Aetna & Mutual of Omaha are great insurance companies, but everyone’s situation is different; it all comes down to understanding your overall needs and eligibility status regarding supplemental coverage.

With over 15 years of experience working with Medicare beneficiaries, we believe no “one perfect” Iowa Medicare Supplement Plan exists.

Here’s how we help you decide:

  • Are you brand new to Medicare Part A and Medicare Part B? If yes, this will eliminate medical underwriting, which can vary by company.
  • Then, we figure out your location, age, and smoker status; this will guide us to the lowest-priced company.
  • Lastly, we look at your budget, which helps us determine which company will be the most affordable without sacrificing coverage.

Finding the right health insurance through the Federal Medicare Program is not always easy, but we can help you do some fact-finding to understand which Medicare Supplement insurance plan will be the best fit.

Key Takeaways:

Mutual of Omaha and Aetna are our two favorites; the clients we help get enrolled often stay enrolled for many years.

Mutual of Omaha boasts excellent value and longevity; they also do a great job with their quick enrollment process and paying claims on time.

Aetna Medigap insurance health plans are also outstanding, providing low rates and household discounts in most states.

Frequently Asked Questions

Ready To Learn More?

Making a decision on which Medigap Plan is best is difficult. However, educating yourself on the different Medicare health plan types, comparing rates and policies, and talking to a licensed insurance agent will help you make the right choice.