GET COVERED NOW.
View Medicare Supplement or Advantage plans and apply in 5 minutes or less!
How Much Does A Medicare Supplement Plan Cost In Ohio?
How much does a Medicare supplement plan cost in Ohio? Well, that depends upon a variety of factors. Generally, Medicare supplement plan monthly
premiums tend to run slightly higher in Ohio than they do in other nearby 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.
Good to know: Get your prescriptions via mail order. For medications you use long-term, you'll reduce hassle and cost if you order pills on a subscription service through your insurer. "Utilizing 90-day supplies and mail order can decrease dispensing fees," says Diana Graalum, clinical pharmacy manager at MedSavvy
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
- Gender
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 plan type "K". 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: Ask for samples. Your doctor's cupboards are full of free drug samples, courtesy of the pharmaceutical industry. If your child is getting shots, ask for a trial size pain reliever in case he needs it later. If you're trying a new antibiotic or rash cream, your physician may even have enough samples to cover your course of treatment. Also, check out the drug company's Web site, which sometimes offers coupons or free samples.
courtesy of Parents.com
courtesy of Parents.com
 |
| University of Cincinnati Medical Center 234 Goodman St Cincinnati, OH 45219 Telephone: (513) 584-1000 Plus Code: 4FQW+4M Cincinnati, Ohio |
Company
In Ohio, 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 Ohio 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 Ohio will charge you a higher rate if you have specific medical issues. Please contact us if you have questions concerning this.
Gender
Both Medicare supplement and Medicare advantage plan insurance companies tend to offer slightly lower premium rates for women.
Where you live in Ohio
Your Medicare Supplement plan monthly premium will vary depending on where you live in Ohio. Usually, monthly premiums in rural areas tend to be slightly lower than monthly premiums in large metropolitan regions.
Insurance companies offering Medicare Supplement and Medicare Advantage plans include:
- AARP
- Mutual of Omaha
- Combined
- IAC
- Gerber
- Blue Cross Blue Shield
- Humana
- Cigna
- Aetna
On Average For 2024
On average, in Ohio, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $116.00 - $139.00.
On average, in Ohio, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $128.00 - $164.00.
Good to know: Each insurance provider has a formulary or list of medicines covered by the plan. If a medicine is not on the formulary it may not be covered and you may have to endure a potential nightmare attempting to find an alternative medication. The list of covered medicines is also often divided into tiers, which determines how much of a copay or coinsurance you may have to pay. Make a list of your current medicines and compare it to the plan's formulary to make sure your medicines are covered and you understand the out-of-pocket costs that may be associated with them.
To get an exact rate, click the "Get An Instant Quote Now" at the top of the page!
Other articles:
Is Short-Term Health Insurance Right For You?
Resources