Medicare Supplement Rates Alabama

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How Much Does A Medicare Supplement Plan Cost In Alabama?

How much does a Medicare supplement plan cost in Alabama? Well, that depends upon a variety of factors. Generally, Medicare supplement plan monthly premiums run slightly lower in Alabama than they do in most other 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.

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 Alabama

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: If you have outstanding medical bills, sometimes, phone calls just don't cut it. In those times, you may have to take a trip to meet with members of your healthcare facility's billing department one-on-one. Often, you will be able to work out a deal by meeting in person that you may not have achieved over the phone. When you go to your meeting, make sure that you give your hospital detailed information of your finances and current medical situation. Often, healthcare providers are willing to work with you to iron out an affordable alternative to traditional payment options. In some cases, you may even be eligible to discounts and other benefits to which you would otherwise not have been given access.

UAB Hospital
1802 6th Avenue South
Birmingham, AL 35233
Phone: 205.934.3411
Plus Code: G54W+JQ Birmingham, Alabama

Company
In Alabama, 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 Alabama 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 Alabama 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 Alabama
Your Medicare Supplement plan monthly premium will vary depending on where you live in Alabama. 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 Alabama, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $143.00 - $162.00.
On average, in Alabama, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $152.00 - $179.00.

Good to know: If you have outstanding medical bills, negotiate a payment plan. Making a payment plan helps you to reduce the upfront cost of your medical bills. Often, you may be able to work out reduced costs or debt forgiveness with your healthcare provider. In these cases, you won't be expected to pay the full price of your medical bill. This also allows you to keep your outstanding medical debt from hitting your credit report. For consumers interested in protecting their credit and paying their medical bills in a more effective manner, payment plans with debt forgiveness or reduced charges serve as an effective alternative to traditional or standard options.

To get an exact rate, click the "Get An Instant Quote Now" at the top of the page!

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