How much does a Medicare Supplement Plan Cost In Jacksonville, Florida?
How much does a Medicare supplement plan cost in Jacksonville, 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
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.
Interesting Fact: Administrative costs currently make up a major chunk of healthcare spending in the U.S. It takes up about 25 percent of total hospital spending and accounts for hundreds of billions of dollars in healthcare spending annually, The Commonwealth Fund reported. The percentage of total hospital spending devoted to administration is highest in for-profit hospitals, followed by nonprofit hospitals, teaching hospitals and finally public hospitals.
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| Memorial Hospital 3625 University Blvd S Jacksonville, FL 32216 Telephone: (904) 702-6111 Plus Code: 79QX+2F Southside, Jacksonville, FL |
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Company
In Jacksonville, 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.
On Average For 2024
On average, in Jacksonville, Florida, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $135 - $160.
On average, in Jacksonville, Florida, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $143 - $175.
Good to know: You shouldn't promptly pay medical bills. Yes, you read that right. The reason is, healthcare providers tend to send bills well before the insurance company has decided what part of the claim they are obligated to pay. The average person sees a bill and thinks they are obligated to pay it. This couldn't be further from the truth. Health care companies routinely shoots out bills to everyone one involved - regardless of who is actually responsible for paying it. You need to know what the insurer is going to pay before you do anything. Our advice? Don't pay a dime until you get an EOB (Explanation of Benefits) from your insurer that explains your claim and how much they are paying.
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?
5 Important Steps For Getting Health Insurance In Florida.
4 Tips to Finding Health Insurance in Jacksonville, Florida
The First 3 Steps in Acquiring Medicare Supplement Insurance Coverage in Florida
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