How much does Medigap insurance cost? Your Medigap premium is determined by your age, zip code, the plan you pick and the carrier. With some Medigap plans you will pay more if you have used tobacco in the last 2 – 5 years.
Original Medicare includes Part A Hospital Insurance andPart B Medical Insurance pays for many, but not all, health-related services and medical supplies. You should purchase an insurance policy to cover the “gaps” that are not paid for by Medicare, such as copayments, coinsurance, and deductibles.
When you have original Medicare there are no networks, no referrals, no claim forms to file. You can use any doctor, hospital or medical provider anywhere in the U.S. without worry.
Some Medicare supplement plans also will pay for health care outside the United States.
What are my Medigap Choices?
There are 10 Modernized Medicare supplement plans labeled A, B, C, D, F, G, K, L, M, N and Hi F.
The most popular choice is Medigap plan F, but for most seniors there are better choices. Georgia Medicare Plans will show you options that can save as much as $500 per year vs. the popular plan F.
Most Medigap plans issued in Georgia use an issue age pricing formula but a few follow community rated schemes. Our senior clients seem happier with issue age policies which are usually more affordable over the long haul and have fewer surprises.
Sample Medigap Rates
All Modernized Medigap plans with the same letter have IDENTICAL BENEFITS. The only difference is the price you pay.
If your doctor accepts Medicare they will also take ANY Medicare supplement plan you buy. There is no need to pay extra for a large carrier such as AFLAC, Blue Cross, Mutual of Omaha or buy from a political marketing group such as AARP.
When you pay more you don’t get more, you simply pay too much.
The lowest premium plan is usually your best choice. Here are the lowest current rates in Georgia for plan F for someone who does not use tobacco and is 65 years old.
Zip code 300 – 303 and 313, 314
Males should pay no more than $138.80, females pay a little less at $128.51
For zip codes other than those listed above . . .
Best male rates are $119.53, female rates are less at $110.67
Our most popular Medigap plan is usually $250 per year less than the lowest plan F.
So how much DOES Medigap insurance cost? Compare Medicare supplement rates for your age and zip code by clicking this link.