Medicare Supplement Rates Arkansas

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How Much Does A Medicare Supplement Plan Cost In Arkansas?

How much does a Medicare supplement plan cost in Arkansas? Well, that depends upon a variety of factors. Generally, Medicare supplement plan monthly premiums run slightly lower in Arkansas than they do in most other states. But there are other factors that have a far greater impact on price.

Keep in mind that when searching for the ideal Medicare supplement plan, cost is a significant factor, is should not be the only factor you should consider. The most important factor should always be the overall quality of the plan you choose. This includes the benefits of the plan itself, as well as the company that is behind the plan. Once you are satisfied with the aforementioned qualities of the plan, only then should you consider price.

We will list the factors that impact the premium rates of Medicare supplement insurance. They are ordered from the most significant impact, to the least:

Plan Type
Age
Company
Tobacco Use
Health Status
Where you live in Arkansas

Plan Type
The most significant factor is the plan type that you choose. For example, the monthly premium of a plan type "G" is going to be significantly higher than the monthly premium of a 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.

Age
With very few exceptions, the older you are, the higher your monthly premium.

Interesting Fact: Medicare and Medicaid in America account for more than 1 of every 3 dollars spent on American health care, and 1 of every 4 dollars in the federal budget. What is astounding is the fact that the cost of Medicare is still growing. Currently, the cost is growing at more than twice the rate of inflation. This growth curve is expected to become even more dramatic as the baby boomers age.

Arkansas Children's Hospital
1 Children's Way
Little Rock, AR 72202
Phone: (501) 364-1100
Plus Code: PPR5+95 Little Rock, Big Rock Township, AR
Map: Map

Company
In Arkansas, 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 Arkansas 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 Arkansas will charge you a higher rate if you have specific medical issues. Please contact us if you have questions concerning this.

Where you live in Arkansas
Your Medicare Supplement plan monthly premium will vary depending on where you live in Arkansas. Usually, monthly premiums in rural areas tend to be slightly lower than monthly premiums in large metropolitan regions.

On Average For 2024

On average, in Arkansas, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $123.00 - $155.00.
On average, in Arkansas, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $142.00 - $174.00.

Good to know: Ask for a discount. You can potentially reduce the cost of your medical bills by asking for a discount upfront. It may seem unconventional, but many hospitals and practitioners offer certain discounts for which you may be eligible. For example, some hospitals are part of networks that will reduce your medical bills by a certain percentage if you pay over the phone. More often than not, these discounts are only available to consumers who ask for them. Depending on your economic status or the price of your procedure, some medical facilities offer additional discounts that can be paired with your medical insurance to substantially reduce the cost of your procedure. For example, it's not uncommon for hospitals to offer discounts of up to thirty percent for qualifying customers.

Even if you don't find a discount related to your particular situation, your doctor or hospital may provide you with valuable information about discounts you can use in the future.

To get an exact rate, click the "Get An Instant Quote Now" at the top of the page!

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