How much does a Medicare Supplement Plan Cost In San Francisco, California?
How much does a Medicare supplement plan cost in San Francisco, California? Well, that depends upon a variety of factors. Generally, Medicare supplement plan monthly
premiums run slightly higher in California 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
- Tobacco Use
- Health Status
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.
With very few exceptions, the older you are, the higher your monthly premium.
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.
|UCSF Medical Center
505 Parnassus Ave
San Francisco, CA 94143
Telephone: (415) 476-1000
Plus Code: QG7R+6V Inner Sunset, San Francisco, CA
In San Francisco, California 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.
Most insurance companies in California will charge a slightly higher monthly premium for Medicare supplement coverage if you smoke or chew tobacco.
In some cases, if you are not enrolling within the open enrollment - guarantee issue time frame for Medicare supplement coverage, some companies in California will charge you a higher rate if you have specific medical issues. Please contact us if you have questions concerning this.
Unlike most states in the U.S., Medicare supplement insurance plan rates in California are not affected by gender. Regardless of your gender, the monthly premium rates are the same.
The cost of your Medicare supplement plan can vary moderately dependent on where you live within the state. There are a multitude of factors that impact this variance of pricing
within California. Such factors include: The regional costs of physician and hospital services, Fee schedule negotiated by the insurance companies for services. Fee schedule negotiated by the
insurance companies for prescription drug pricing.
On Average For 2020
On average, in San Francisco, California, for a standard plan A, the average monthly premium for a 65 year old non-tobacco applicant would be: $108 - $155
Insurance carriers offering Medicare Supplement plan in San Francisco, CA include: Blue Cross of California, Blue Shield of California, Healthnet, Aetna, Transamerica, IAC, Cigna, Gerber Life and Mutual of Omaha.
Good to know: Ask questions. If you don't understand the details of the plan offered, contact the insurance company or give us a call. While there are a variety of online tools and resources that can help, the best thing to do is simply pick up the phone and talk to an insurance professional. You need to clearly understand what you're buying.
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