How much does a Medicare Supplement Plan Cost In Augusta-Richmond, Georgia?
How much does a Medicare supplement plan cost in Augusta-Richmond, Georgia? Well, that depends upon a variety of factors. Generally, Medicare supplement plan monthly
premiums run slightly higher in Georgia than they do in other surrounding 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:
- 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:
Be up front about finances. Are you short on cash? Do you have a high insurance deductible? Don't be embarrassed to tell your doctor or dentist. He may be able to suggest less costly treatment options or even agree to lower fees. "Try to negotiate the fee you pay before or at the time you make your appointment and/or offer to pay cash," suggests Ruth Linden of Tree of Life Health Advocates. "Some physicians will agree to accept a reduced rate, if you inform them you are experiencing difficult financial circumstances." In fact, a Wall Street Journal/Harris Interactive poll found that three out of five people who negotiated with their doctors received discounts.
courtesy of Parents.com
1350 Walton Way
Augusta, GA 30901
Telephone: (706) 722-9011
Plus Code: F2C9+C2 Augusta, Georgia
In Augusta-Richmond, 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 Georgia 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 Georgia will charge you a higher rate if you have specific medical issues. Please contact us if you have questions concerning this.
Medicare supplement insurance plan rates in Georgia are affected by gender. The monthly premium rates tend to be slightly lower for women than they are for men.
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 Georgia. 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 Augusta-Richmond, Georgia, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female
applicant would be: $105.00 - $166.00
On average, in Augusta-Richmond, Georgia, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male
applicant would be: $112.00 - $182.00
Interesting Fact: Paying for health care is the number 1 cause of bankruptcy filing every year in the U.S. Almost 2 million people need to file bankruptcy because they cannot pay their medical bills each year, and outside of bankruptcy, over 20 percent of the population (about 56 million adults) between the ages of 19 and 64 struggle with health-care related bills each year.
Medicare Supplement vs Medicare Advantage in Georgia