How much does a Medicare Supplement Plan Cost In Miami, Florida?
How much does a Medicare supplement plan cost in Miami, 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.
Good to know: Talk to an independent agent. An independent insurance agent is an essential resource when purchasing insurance. An independent agent works with multiple different carriers, which is different from captive agents who can only sell insurance from the carrier they work for. Working with an independent agent can help make sure that you are getting the best coverage, for the best price.
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| University of Miami hospital 1400 NW 12th Ave Miami, FL 33136 Telephone: (305) 325-5511 Plus Code: QQQM+8G Miami, Florida |
Company
In Miami, 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 Miami, Florida, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $180 - $270.
On average, in Miami, Florida, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $200 - $300.
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!
Other articles:
Is Short-Term Health Insurance Right For You?
5 Important Steps For Getting Health Insurance In Florida.
Finding Health Insurance in Miami, Florida, 3 Important Steps
The First 3 Steps in Acquiring Medicare Supplement Insurance Coverage in Florida
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