USAA Life Insurance is expanding its Medicare Supplement Insurance with the addition of a low-premium choice, Plan N, for its members who qualify for Medicare with more options.
The product will be made available to members in 30 states and Washington, D.C., with additional national roll-out to follow later this year.
Known as Medigap, Medicare Supplement Insurance can help pay some health care costs that Medicare doesn't cover, such as co-payments, coinsurance and deductibles.
USAA Health Solutions vice president Greg Marion said its members were concerned about rising health care-related costs and the impact it could have to their financial security.
Sold through private insurance companies, Medicare Supplement Plan N's cost-sharing system keeps premiums low with no network restrictions and also offers 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 added.
The portfolio of Medicare-related products available to members includes Medicare Supplement Insurance Plans A and F, Medicare Advantage (Part C) and Medicare Prescription Drug Plan (Part D).
USAA provides insurance, banking, investment and retirement products and services to 9.6 million members of the US military and their families.
