How much does a Medicare Supplement Insurance Plan Cost In Nashville Tennessee?
How much does a Medicare supplement plan cost in Nashville, Tennessee? Well, that depends upon a variety of factors. Generally, Medicare supplement insurance plan monthly
premiums run slightly lower in Tennessee 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 a Medicare supplement insurance plan. 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.
In Tennessee, there are 10 general Medicare Supplement plan types to choose from. These plans are designated by letters of the alphabet (A-N). Each option provides coverage for a distinct level of medical fees that are not covered by Medicare.
Medicare Supplement Plan Comparison
| Benefits | Medicare Supplement Plans | |||||||||
| A | B | C | D | F* | G | K | L | M | N | |
| Medicare Part A Deductible | No | 100% | 100% | 100% | 100% | 100% | 50% | 75% | 50% | 100% |
| Medicare Part B Deductible | No | No | 100% | No | 100% | No | No | No | No | No |
| Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are exhausted | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Medicare Part B coinsurance or copayment | 100% | 100% | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100%** |
| First three pints of blood | 100% | 100% | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100% |
| Medicare Part A hospice coinsurance or copayment | 100% | 100% | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100% |
| Skilled Nursing Facility (SNF) coinsurance | No | No | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100% |
| Medicare Part B Excess Charges | No | No | No | No | 100% | 100% | No | No | No | No |
| Foreign Travel Emergency (Up to Plan Limits) | No | No | 80% | 80% | 80% | 80% | No | No | 80% | 80% |
| Out-of-Pocket Limit*** | None | None | None | None | None | None | $5,240 | $2,620 | None | None |
*Plan F is also has a high-deductible option. The F high deductible plan pays for all Medicare-covered expenses after you meet a $2240 annual deductible.
**Office copay exceptions: Some office visits may require a copayment of up to $20. Emergency room visits may require a copayment of up to $50.
***Plan pays 100% of covered Medicare costs for the remainder of the calendar year once the out-of-Pocket limit is reached.
Age
With very few exceptions, the older you are, the higher your monthly premium.
Good to know: Pick the right insurance policy. Take the time and put in the work necessary in order to select the right plan. In the state of Florida, for example, if you are shopping for a health insurance plan through the Affordable Care Act exchange, you will be offered around 100 plan variations to choose from. This doesn't even include all of the health plan options that are not on the exchange. So, regardless of where you live, you will likely find a confusing clutter of choices that you will need to sort through. In addition, you want a plan that includes your doctors and your medications, plus provides care for any chronic conditions. Information online can be incomplete or outdated, so call the doctors to make sure they're still participating in plans you're considering.
 |
| Nashville General Hospital 1818 Albion St Nashville, TN 37208 Telephone: (615) 341-4000 Plus Code: 558V+P5 Nashville, Tennessee Website: click here |
Company
In Nashville, Tennessee 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 Tennessee 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 Tennessee 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 Nashville, Tennessee, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $105 - $158.
On average, in Nashville, Tennessee, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $115 - $175.
Good to know: Starting around their first birthday, kids should get twice-yearly checkups from the dentist, says Keith Morley, DMD, president of the American Academy of Pediatric Dentistry. Preventive care, nips problems in the bud before they become more costly. You should also talk to your dentist about getting sealants for your child's molars. (Sealants are a liquid plastic material applied to your child's back teeth to prevent them from decaying.) Many insurance companies cover the cost, but even if they don't, get them anyway: They'll probably save you money in the long run.
courtesy of Parents.com
courtesy of Parents.com
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Medicare Supplement vs Medicare Advantage plans in Tennessee.
3 Tips To Getting Medicare Supplement Insurance In Tennessee
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