How much does a Medicare Supplement Plan Cost In Cape Coral Florida

How much does a Medicare Supplement Plan Cost In Cape Coral, Florida?

How much does a Medicare supplement plan cost in Cape Coral, Florida? Well, that depends upon a variety of factors. Generally, Medicare supplement plan monthly premiums run slightly higher in Florida 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 Medicare supplement insurance. 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.

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

Interesting Fact: The per capita price of healthcare per year is higher in the United States than in any other nation in the world. In the U.S., healthcare spending accounts for 17.9 percent of the Gross Domestic Product (GDP), or the total value of goods and services produced by the entire nation for the entire year, according to the Centers for Medicare & Medicaid Services.

Cape Coral Hospital Cape Coral, FL health insurance

Cape Coral Hospital
636 Del Prado Blvd S
Cape Coral, FL 33990
Telephone: (239) 424-2000
Plus Code: J3R5+22 Cape Coral, Florida

Company
In Cape Coral, Florida 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 Florida 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 Florida 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 Cape Coral, Florida, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $142 - $171.
On average, in Cape Coral, Florida, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $153 - $190.

Interesting Fact: One of the factors contributing to high health insurance costs in the U.S. is fraud. Fraud costs the medical and health insurance industry as much as $200 billion a year. This includes abuse of prescription painkillers. The U.S. Center for Disease Control estimates that 12 million adults used prescription drugs for nonmedical reasons in 2010. Of these, there were 170,000 seniors who "doctor shopped," getting prescriptions from at least five doctors for controlled substances.

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Other articles:
Is Short-Term Health Insurance Right For You?
5 Important Steps For Getting Health Insurance In Florida.
Affordable Health In Cape Coral, Florida
The First 3 Steps in Acquiring Medicare Supplement Insurance Coverage in Florida
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