SAN ANTONIO--(BUSINESS WIRE)--As the health insurance landscape continues to change, USAA Life Insurance Company now provides USAA members who qualify for Medicare with more options – expanding its Medicare Supplement Insurance to include a low-premium choice, Plan N.
“Our members are concerned about rising health care-related costs and the impact it could have to their financial security,” said Greg Marion, vice president, USAA Health Solutions. “Medicare Supplement Insurance Plan N provides our members with lower monthly payment coverage and no network restrictions.”
Plan N is now available to USAA members in 30 states and Washington, D.C., and is expected to be available in most states by the end of the year. Medicare Supplement Insurance, also referred to as Medigap, can help pay some health care costs that Medicare doesn’t cover, such as copayments, coinsurance and deductibles.
Medicare Supplement Plan N is sold through private insurance companies, such as USAA Life, and is popular among consumers because the cost-sharing system keeps premiums low. Plan N also offers some coverage for skilled nursing care and foreign travel emergencies.
“Plan N is just one example of the new capabilities and products we plan to introduce this year to meet our members’ growing health care and financial needs,” Marion said.
This new product joins the portfolio of Medicare-related products available to members, including Medicare Supplement Insurance Plans A and F, Medicare Advantage (Part C) and Medicare Prescription Drug Plan (Part D).* USAA Life has offered Medicare Supplement Insurance for more than 25 years.
USAA’s Medicare Supplement Plan N is available in the following states: Ala., Ariz., Ark., Calif., Del., Ga., Idaho, Ill., Ind., Iowa, Ky., La., Mich., Miss., Mo., Mont., N.C., N.D., Ohio, Okla., Ore., Pa., R.I., S.D., Texas, Utah, Vt., Wash., W.Va., Wyo. and Washington, D.C.
USAA provides insurance, banking, investment and retirement products and services to 9.6 million members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving or have honorably served our nation in the U.S. military – and their eligible family members. For more information about USAA, or to learn more about membership, visit usaa.com.
Medicare Supplement Insurance by USAA Life Insurance Company, San Antonio, TX. Not available in MA, MN, NJ, NY, WI. Medicare supplement insurance and USAA Life Insurance Company are not associated with the federal Medicare program.
*USAA Life General Agency Inc. (LGA) (known in CA and NY as USAA Health and Life Insurance Agency) acts as an agent for select insurance companies to provide additional products to USAA members. LGA representatives are salaried and receive no commission. However, LGA receives commissions from those companies which can include compensation based on the total quantity and quality of insurance coverage purchased through LGA. Plans not available in all states.