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How much does a Medicare Supplement Plan Cost In Springfield, MO?


How much does a Medicare supplement plan cost in Springfield, MO?  Well, that depends upon a variety of factors.  Generally, Medicare supplement plan monthly premiums run slightly higher in Missouri 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:

  • Plan Type
  • Age
  • Company
  • Tobacco Use
  • Health Status
  • Region

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:  When it comes to dealing with your medical insurance company, forget the touchy-feely commercials and go with your head.  Don't buy the advertising hype.  The primary function of multi-billion dollar insurance companies is to make more billions for themselves and their investors.  This means that when you deal with your insurer, you need to remain objective and check your emotions.

Mercy Hospital Springfield - faith based health insurance
Mercy Hospital Springfield
1235 E Cherokee St
Springfield, MO 65804
Telephone: (417) 820-2000
Plus Code: 5PHG+77 Springfield, Springfield Township, MO




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

Gender
Medicare supplement insurance plan rates in Missouri are affected by gender.  The monthly premium rates tend to be slightly lower for women than they are for men.

Region
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 Missouri.  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 Springfield, Missouri, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $132.00 - $209.00.
On average, in Springfield, Missouri, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $140.00 - $231.00.

Good to know:  When selecting a health plan for you or your family, don't just choose the one with the lowest monthly premium or the one you had before.  Plan benefits can change from year to year - in some cases, significantly.  Your individual or family needs can also change.  For example, the addition of a new prescription drug utilized by a family member, can significantly alter the cost / benefit ratio of any health insurance, or healthcare sharing plan.  Jot down your family's average number of doctor visits per year, routine prescriptions, dental cleanings, and other services.  Compare what you'd pay over an entire year for these items on each plan option that is available to you.  And don't forget to factor in monthly premiums and deductibles.


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Other articles:
Explaining the Growth of HealthCare Sharing Plans.
Faith-Based Health Insurance (Healthcare Sharing Plans) In Springfield
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