Overview of Medco Medicare Supplement Plans
Medco offers standardized Medicare Supplement plans in Vermont, just like all other insurers. The two most popular plans among seniors—Plan G and Plan N—are available through Medco and provide solid financial protection. Plan G covers everything except the Medicare Part B deductible, while Plan N requires modest cost-sharing but comes with a lower premium.
What sets Medco apart is its emphasis on affordability and simple underwriting, making it a strong contender for those aging into Medicare or switching from another provider.
Understanding Medco’s Growing Presence in Vermont
Medco has quietly become a competitive player in the Medicare Supplement market over the past few years. Backed by investors and managed by a seasoned team with a deep understanding of underwriting, Medco focuses on keeping rate increases low and offers some of the most affordable premiums in multiple states, including Vermont.
What sets Medco apart is not just pricing. They use simplified underwriting, making it easier for Medicare beneficiaries—especially those in good health—to get approved. Vermont residents looking for affordable, stable, and easy-to-understand Medigap coverage will find Medco to be a solid option.
Additional Benefits of Medco Medicare Supplement Plans
Beyond affordability, Medco offers several added conveniences and protections:
- Simple underwriting: Ideal for healthy applicants who missed their initial Medigap open enrollment window.
- Strong financial backing: Medco is underwritten by established carriers, and their plans are standardized and regulated by Medicare, so the benefits are the same as any other Plan G or N.
- Customer service focused on seniors: Support lines are streamlined for Medicare users, not bundled with under-65 plans that often have long wait times.
Vermont-Specific Rules That Benefit Medco Members
Vermont has some unique Medicare Supplement rules that work in your favor, particularly when enrolling in a Medco plan:
- No Part B Excess Charges: Vermont law prohibits doctors from charging excess charges over the Medicare-approved amount. That eliminates a key risk associated with Plan N, making it more valuable in this state.
- Community Rating Environment: Vermont uses community rating instead of attained-age or issue-age pricing. This helps stabilize rate increases over time and ensures that premiums aren’t based strictly on your age.
- Liberal State Regulations: Vermont’s Department of Financial Regulation ensures strict oversight on Medicare Supplement pricing, reducing the chance of sudden or drastic rate hikes.
These protections, combined with Medco’s already strong underwriting and pricing, make their plans a particularly smart choice for their beneficiaries.
Comparing Plan G vs. Plan N: Which One Is Right for You?
Medco offers both Plan G and Plan N, which are two of the most popular Medicare Supplement plans. Here’s a quick overview of the key differences:
| Feature | Plan G | Plan N |
| Part B Deductible Coverage | Not Covered | Not Covered |
| Part B Excess Charges | Covered | Not Covered (but not applicable in VT) |
| Copay for Doctor Visits | $0 | $20 per visit |
| Copay for ER (not admitted) | $0 | $50 per visit |
| Monthly Premium | Starts at $109.43 | Starts at $86.32 |
In most states, the difference between Plan G and Plan N comes down to two things: premium savings and Part B excess charges. However, Vermont is one of the few states that prohibits Part B excess charges by law and is a community-rated state. That makes Plan N even more attractive in its state because one of its biggest drawbacks (not covering excess charges) is a non-issue here.
The average monthly savings between Plan G and Plan N is around $20–$30 per month, which can add up to $240–$360 per year. If you don’t mind a $20 copay for each doctor visit, Plan N can be a cost-effective alternative to Plan G in Vermont—especially with Medco’s competitive pricing.
Average Premium Costs in Vermont
Vermont is a community-rated state, which means that Medicare Supplement insurance premiums are not based on your age or health status. Instead, everyone in the same area pays the same premium for the same plan, regardless of when they enroll. This rating method helps ensure fairness and predictability in pricing, making it easier for its residents to plan for long-term healthcare costs.
To better understand how Medco stacks up, let’s take a look at the table below, where the average annual premium is shown.
| PLAN G | PLAN N |
| $2,276.40 | $1,915.44 |
When comparing the annual costs of Medco’s Plan G and Plan N in Vermont, the difference becomes clear. Plan G has an annual premium of $2,276.40, while Plan N comes in at $1,915.44. Would come up to a savings of $360.96 per year.
Since Plan N includes a $20 copay for each doctor visit, you can divide the annual savings by $20 to see how many visits it would take to “cancel out” the cost advantage. In this case, $360.96 ÷ $20 = about 18 visits. That means unless you see the doctor more than 18 times in a year.
Plan N could save you money, making it a smart choice for generally healthy individuals who don’t anticipate frequent office visits.
Is Medco a Strong Choice for Vermont Residents?
Yes, Medco Medicare Supplement Plans are highly competitive in Vermont. Their premiums are among the lowest in the state, and their simple structure makes them easy to understand. With its protection against Part B excess charges, Plan N becomes a hidden gem, allowing seniors to save hundreds in annual savings without risking surprise bills.
And most importantly, it doesn’t sacrifice coverage quality to achieve those savings. You’ll get the same federally standardized benefits as you would from more expensive plans offered by national brands.
Whether you’ve already consulted a SHIP counselor or are just beginning your Medicare journey, Medicare Nationwide is here to help you compare quotes, navigate enrollment, and find the plan that best suits your needs.
Contact us at 1-888-559-0103 or Set an Appointment for a free consultation with Eric Rosenberg or Jackson Edwards. See why thousands trust us through our verified Trustpilot reviews, and let our experienced team guide you with integrity and expertise. Whether you’re switching Medigap plans or enrolling for the first time, we’ll walk beside you every step of the way.
