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How much does a Medicare Supplement Plan Cost In Cape Coral, Florida?


How much does a Medicare supplement plan cost in Cape Coral, 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:  Cheaper is almost never better: Cut-rate insurance prices can unfortunately also mean cut-rate, sketchy plan benefits.  The old adage, you often get what you pay for, is true more often than not.  Thoroughly review plan benefits and evidence of coverage statements before purchasing a plan.  If this documentation is not readily available, call the company and request it.  If you are unfamiliar with the insurance company, check independent rating companies like A.M.  Best.  You should expect a rating of A or better.


Cape Coral Hospital Cape Coral, FL health insurance
Cape Coral Hospital
636 Del Prado Blvd S
Cape Coral, FL 33990
Telephone: (239) 424-2000
Plus Code: J3R5+22 Cape Coral, Florida


Company
In Cape Coral, 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 2019

On average, in Cape Coral, Florida, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $142 - $171.
On average, in Cape Coral, Florida, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $153 - $190.

Good to know:  Ask for a discount.  You can potentially reduce the cost of your medical bills by asking for a discount upfront.  It may seem unconventional, but many hospitals and practitioners offer certain discounts for which you may be eligible.  For example, some hospitals are part of networks that will reduce your medical bills by a certain percentage if you pay over the phone.  More often than not, these discounts are only available to consumers who ask for them.  Depending on your economic status or the price of your procedure, some medical facilities offer additional discounts that can be paired with your medical insurance to substantially reduce the cost of your procedure.  For example, it's not uncommon for hospitals to offer discounts of up to thirty percent for qualifying customers.

Even if you don't find a discount related to your particular situation, your doctor or hospital may provide you with valuable information about discounts you can use in the future.



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.
Affordable Health In Cape Coral, Florida
The First 3 Steps in Acquiring Medicare Supplement Insurance Coverage in Florida
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