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How Much Does A Medicare Supplement Plan Cost In Indiana?


How much does a Medicare supplement plan cost in Indiana?  Well, that depends upon a variety of factors.  Generally, Medicare supplement plan monthly premiums run slightly higher in Indiana than they do in most other states.  But there are other factors that have a far greater impact on price.

Keep in mind that when searching for the ideal Medicare supplement plan, cost is a significant factor, is should not be the only factor you should consider.  The most important factor should always be the overall quality of the plan you choose.  This includes the benefits of the plan itself, as well as the company that is behind the plan.  Once you are satisfied with the aforementioned qualities of the plan, only then should you consider 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
  • Where you live in Indiana

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:  Plans that pay higher portion of your medical costs, but have a higher premium, are good if: you have pre-existing conditions, take expensive meds on a regular basis, are planning to have child, are expecting to undergo surgery, or have a chronic condition.  If you're in good health and only go to the doctor for routine checkups, consider a plan with a lower monthly premium and higher out-of-pocket costs.


IU Health University Hospital - affordable health insurance
IU Health University Hospital
550 N University Blvd
Indianapolis, IN 46202
Telephone: (317) 944-5000
Plus Code: QRGF+58 Indianapolis, Indiana




Company
In Indiana, 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 Indiana 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 Indiana will charge you a higher rate if you have specific medical issues.  Please contact us if you have questions concerning this.

Where you live in Indiana
Your Medicare Supplement plan monthly premium will vary depending on where you live in Indiana.  Usually, monthly premiums in rural areas tend to be slightly lower than monthly premiums in large metropolitan regions.

Insurance companies offering Medicare Supplement and Medicare Advantage plans include:

  • AARP
  • Blue Cross Blue Shield
  • Mutual of Omaha
  • United of Omaha
  • Humana
  • Cigna
  • Combined
  • Gerber
  • Sentinel Life

On Average For 2024

On average, in Indiana, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $112.00 - $137.00.
On average, in Indiana, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $127.00 - $155.00.

Good to know:  Looking for healthcare related savings?  Join the Farm Bureau.  Believe it or not, you don't need to be a farmer to join your state's farm bureau.  By paying an annual membership fee you become eligible for all sorts of benefits - including discounted group health insurance in some states.  If you or your spouse are self-employed, this may work for you.  For more information, Google "farm bureau" and your state's name.


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