How much does a Medicare Supplement Plan Cost In St. Louis, MO?
How much does a Medicare supplement plan cost in St. Louis, MO? Well, that depends upon a variety of factors. Generally, Medicare supplement plan monthly
premiums run slightly higher in Missouri than they do in other surrounding 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
- Region
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: Just because a hospital or office is "in-network" doesn't mean all its doctors are. Think you're covered because you took the time to make sure your hospital or doctor's office was approved as being in your network? Think again. It's just not that simple. Individual providers, labs, tests, specialists, and others that work within the facility may still be out of network. Yes, exasperating, but true. It's tedious but important to, when possible, ask everyone involved in your treatment if they are an "in network" provider.
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| Barnes-Jewish Hospital 1 Barnes Jewish Hospital Plaza St. Louis, MO 63110 Telephone: (314) 747-3000 Plus Code: JPPP+73 St. Louis, Missouri |
Company
In St. Louis, Missouri 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 Missouri 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 Missouri will charge you a higher rate if you have specific medical issues. Please contact us if you have questions concerning this.
Gender
Medicare supplement insurance plan rates in Missouri are affected by gender. The monthly premium rates tend to be slightly lower for women than they are for men.
Region
The cost of your Medicare supplement plan can vary moderately dependent on where you live within the state. There are a multitude of factors that impact this variance of pricing within Missouri. Such factors include: The regional costs of physician and hospital services, Fee schedule negotiated by the insurance companies for services. Fee schedule negotiated by the insurance companies for prescription drug pricing.
On Average For 2024
On average, in St. Louis, Missouri, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $132.00 - $209.00.
On average, in St. Louis, Missouri, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $140.00 - $231.00.
Good to know: Looking for healthcare related savings? Join the Farm Bureau. Believe it or not, you don't need to be a farmer to join your state's farm bureau. By paying an annual membership fee you become eligible for all sorts of benefits - including discounted group health insurance in some states. If you or your spouse are self-employed, this may work for you. For more information, Google "farm bureau" and your state's name.
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Explaining the Growth of HealthCare Sharing Plans.
Faith-Based Health Insurance (Healthcare Sharing Plans) In St. Louis
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