How much does a Medicare Supplement Insurance Plan Cost In Scottsdale, Arizona?
How much does a Medicare supplement plan cost in Scottsdale, Arizona? Well, that depends upon a variety of factors. Generally, Medicare supplement insurance plan monthly
premiums run slightly higher in Arizona than they do in most other states. But there are other factors that have a far greater impact on price.
We will list the factors that impact the premium rates of a Medicare supplement insurance plan. They are ordered from the most significant impact, to the least:
- Plan Type
- Age
- Company
- Tobacco Use
- Health Status
Plan Type
The most significant factor is the plan type that you choose. For example, the monthly premium of a plan type "F" is going to be significantly higher than the monthly premium of a "high deductible plan type F". This is because each Medicare supplement plan type offers a different benefit structure. All supplement plans are designed to cover medical costs that are not covered by traditional Medicare. However, some plans pick up more medical costs than others. These benefit differences are reflected in monthly premium.
In Arizona, there are 10 general Medicare Supplement plan types to choose from. These plans are designated by letters of the alphabet (A-N). Each option provides coverage for a distinct level of medical fees that are not covered by Medicare.
Medicare Supplement Plan Comparison
| Benefits | Medicare Supplement Plans | |||||||||
| A | B | C | D | F* | G | K | L | M | N | |
| Medicare Part A Deductible | No | 100% | 100% | 100% | 100% | 100% | 50% | 75% | 50% | 100% |
| Medicare Part B Deductible | No | No | 100% | No | 100% | No | No | No | No | No |
| Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are exhausted | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Medicare Part B coinsurance or copayment | 100% | 100% | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100%** |
| First three pints of blood | 100% | 100% | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100% |
| Medicare Part A hospice coinsurance or copayment | 100% | 100% | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100% |
| Skilled Nursing Facility (SNF) coinsurance | No | No | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100% |
| Medicare Part B Excess Charges | No | No | No | No | 100% | 100% | No | No | No | No |
| Foreign Travel Emergency (Up to Plan Limits) | No | No | 80% | 80% | 80% | 80% | No | No | 80% | 80% |
| Out-of-Pocket Limit*** | None | None | None | None | None | None | $5,240 | $2,620 | None | None |
*Plan F is also has a high-deductible option. The F high deductible plan pays for all Medicare-covered expenses after you meet a $2240 annual deductible.
**Office copay exceptions: Some office visits may require a copayment of up to $20. Emergency room visits may require a copayment of up to $50.
***Plan pays 100% of covered Medicare costs for the remainder of the calendar year once the out-of-Pocket limit is reached.
Age
With very few exceptions, the older you are, the higher your monthly premium.
Interesting Fact: The United States spends over $8,250 per capita on health care every year - that's over 22% higher than the next highest country in the world and over 170% higher than the average of the highest-spending 50 countries in the world. In 1960, the per capita cost of health care was $147 per person in America; adjusted for inflation, it would be $1,082 today; that means our current per capita cost has grown over 660% above and beyond normal inflation. As a portion of the gross domestic product (GDP), health care spending accounts for 17.7 percent. The U.S. is second in the world and first among developed nations for the highest health care spending as a percentage of GDP. The total amount of money spent on health care each year in the United States is $2.6 trillion, and it is expected to continue rising. By 2021, spending on health care each year is expected to be $4.8 trillion. It is estimated that 30% (about $750 billion) of health care spending each year is wasted.
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| Mountain Vista Medical Center 1301 S Crismon Rd Scottsdale, AZ 85209 Telephone: (480) 358-6100 Plus Code: 99RQ+H5 Scottsdale, Arizona |
Company
In Scottsdale, Medicare supplement monthly premiums vary wildly depending upon which insurance company you buy the plan from. The fact that plan benefits may be exactly the same, does not mean the monthly premium will be. While traditional Medicare is a government program, Medicare supplement plans are offered by private insurance companies. They get to set the pricing of the plans they offer.
Tobacco Use
Most insurance companies in Arizona will charge a slightly higher monthly premium for Medicare supplement coverage if you smoke or chew tobacco.
Health Status
In some cases, if you are not enrolling within the open enrollment - guarantee issue time frame for Medicare supplement coverage, some companies in Arizona will charge you a higher rate if you have specific medical issues. Please contact us if you have questions concerning this.
On Average For 2024
On average, in Scottsdale, Arizona, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $128 - $182.
On average, in Scottsdale, Arizona, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $145 - $213.
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