Oxford Life Insurance Company Medicare Plans Review
Get to know the Medicare plan options available through Oxford Life Insurance Company. Learn about Oxford Life Medicare Supplement (Medigap) plans, including what they cover and how you can enroll.
Oxford Life Insurance Company is known for its life insurance, annuities and other financial products. But the company also sells Medicare Supplement Insurance plans in select states through its two subsidiary companies, North American Insurance Company (NAI) and Christian Fidelity Life Insurance Company (CFLIC).
Oxford Life is a member of AMERCO, a publicly traded financial holding network.
Oxford Life offers several Medicare Supplement Insurance (Medigap) plans, including Plan A, Plan N and Plan F.
|Medicare Supplement Benefits||A||B||C1||D||F1||G||K||L||M||N|
|Part A coinsurance and hospital costs||✓||✓||✓||✓||✓||✓||✓||✓||✓||✓|
|Part B coinsurance or copayment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|First 3 pints of blood||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Part A hospice care co-insurance or co-payment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Co-insurance for skilled nursing facility||✓||✓||✓||✓||50%||75%||✓||✓|
|Medicare Part A deductible||✓||✓||✓||✓||✓||50%||75%||50%||✓|
|Medicare Part B deductible||✓||✓|
|Medicare Part B excess charges||✓||✓|
|Foreign travel emergency||80%||80%||80%||80%||80%||80%|
|1. Plans C and F are not available to new beneficiaries who became eligible for Medicare on or after January 1, 2020.
2. Plans F and G also offer a high deductible plan which has an annual deductible of $2,370 in 2021. Once the annual deductible is met, the plan pays 100% of covered services for the rest of the year. The high deductible Plan F is not available to new beneficiaries who became eligible for Medicare on or after January 1, 2020.
3. Plan K has an out-of-pocket yearly limit of $6,220 in 2021. Plan L has an out-of-pocket yearly limit of $3,110 in 2021.
4. Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to $50 for emergency room visits that don’t result in an inpatient admission.
View an image version of this table.
Oxford Life Medigap Plan A
Medicare Supplement Plan A offers coverage for Medicare Part A hospital costs, Part A hospice care coinsurance and copayments, Medicare Part B coinsurance and the first 3 pints of blood used in a transfusion.
Oxford Life Medigap Plan N
Medigap Plan N covers all of the same basic benefits as Plan A in addition to coverage for skilled nursing facility care coinsurance, the Medicare Part A deductible and 80% foreign travel emergency care costs.
Plan N members may have to pay copayments of up to $20 for some doctor’s office visits and up to $50 for emergency room visits that do not result in an inpatient admission.
Oxford Life Medigap Plan F
Medicare Supplement Plan F is the most popular and comprehensive Medigap plan and covers every out-of-pocket Medicare cost that a Medigap plan can offer. That includes everything found in Plan N in addition to coverage for the Medicare Part B deductible and Part B excess charges.
Medigap Plan F is only available to beneficiaries who first became eligible for Medicare prior to January 1, 2020. If you became eligible for Medicare before 2020, you may still be able to enroll in Plan F if it’s available where you live. If you became eligible for Medicare after Jan. 1, 2020, you won’t be eligible to apply for Plan F.
A Medigap plan purchased from Oxford Life will be accepted anywhere your Original Medicare (Medicare Part A and Part B) coverage is accepted. You may use an Oxford Life Medicare Supplement plan anywhere in the U.S.
Medicare Supplement Insurance plans pay for some of the out-of-pocket expenses that are required by Original Medicare. These can include deductibles, coinsurance, copayments and more.
You may request a quote for a Medicare Supplement Insurance plan from Oxford Life by visiting the company’s official website. Some of the factors that may affect your premium include:
- Location – An Oxford Life Medigap plan bought in one state may cost more or less than the same plan purchased through Oxford Life in another state.
- Gender – Women sometimes pay lower rates for Medicare Supplement Insurance because of their longer life expectancy.
- Health – If you wait to apply for a Medigap plan when you don’t have a guaranteed issue right (such as during your Medigap Open Enrollment Period), you might be subject to medical underwriting when you apply for your plan. This means that an insurance company can potentially charge you higher plan premiums or even deny you coverage if based on your health.
- Discounts – Some companies may offer discounts on Medigap premiums for non-smokers, married couples or for other reasons. Be sure to ask about potential discounts when you apply.
In order to be eligible for a Medigap plan from Oxford Life or any other insurance company, you must be enrolled in both Medicare Part A and Part B and be at least 65 years old. Select states allow for Medigap plans to be sold to people under the age of 65 who qualified for Medicare because of a disability.
You must also live in the area that is serviced by the plan in which you want to enroll. You may only purchase Medigap plans that are sold in your state, county or zip code.
When you are both 65 years old and enrolled in Medicare Part B, you will begin your Medigap Open Enrollment Period. This period will last for six months.
You will have guaranteed issue rights during this time, meaning insurance companies cannot base your premiums on your health and you will receive a standard rate for your location and plan selection.
Enrollment in an Oxford Life Medicare plan may be conducted directly through the company’s website or by contacting Oxford Life at 866-641-9999.