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How Much Does A Medicare Supplement Plan Cost In Florida?
How much does a Medicare supplement plan cost in 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
- Where you live in Florida
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.
Good to know: Many plans don't provide drug benefits, or discounts, even on generics, until you reach your deductible, which is often in the thousands of dollars. Instead of just accepting your insurance plan's lousy prescription drug benefit, try using websites such as Blinkhealth.com or Goodrx.com to shop around for the best price for your medication in your area.
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Company
In 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.
Where you live in Florida
Your Medicare Supplement plan monthly premium will vary depending on where you live in florida. 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 Florida, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $133.00 - $162.00.
On average, in Florida, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $142.00 - $177.00.
Good to know: Read bills carefully. Up to 50 percent of your doctor or hospital bills may contain mistakes that end up costing you money, says Jane Cooper, president of Patient Care, a consumer advocacy group in Milwaukee. Something as simple as an incorrect billing code could prompt your insurance to pay less than expected or even reject your claim. Other common errors: mistakes in an account number, claims with incomplete information - even claims sent to the wrong insurance company address by a doctor. Read your benefits booklet carefully to make sure your plan is paying all it should. If you catch an error, send a certified letter to your insurer. Follow up in a few weeks to make sure the mistake is corrected.
courtesy of Parents.com
courtesy of Parents.com
To get an exact rate, click the "Get An Instant Quote Now" at the top of the page!
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5 Important Steps For Getting Health Insurance In Florida.
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The First 3 Steps in Acquiring Medicare Supplement Insurance Coverage in Florida
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