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
- 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.
Good to know: Just because your doctor writes you a prescription doesn't mean you can fill it. Expensive medications for treatment of certain cancers, diabetes, liver disease, and a host of other maladies can cost patients tens to hundreds of thousands of dollars if the insurer does not cover the drugs. But even if the drugs are covered, insurers have been known to try to stall, just to see if the patient will come up with the money to pay for the drugs rather than wait on the insurer's approval. What can we say? It happens.
|University of Miami hospital
1400 NW 12th Ave
Miami, FL 33136
Telephone: (305) 325-5511
Plus Code: QQQM+8G Miami, Florida
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.
Most insurance companies in Florida 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 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 2020
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: 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.
To get an exact rate, click the "Get An Instant Quote Now
" at the top of the page!
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