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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:  If you have outstanding medical bills, negotiate a payment plan.  Making a payment plan helps you to reduce the upfront cost of your medical bills.  Often, you may be able to work out reduced costs or debt forgiveness with your healthcare provider.  In these cases, you won't be expected to pay the full price of your medical bill.  This also allows you to keep your outstanding medical debt from hitting your credit report.  For consumers interested in protecting their credit and paying their medical bills in a more effective manner, payment plans with debt forgiveness or reduced charges serve as an effective alternative to traditional or standard options.


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:  Consider online, telephone or video consultations.  Some doctors offer email consultations.  American Well is among the companies that offer video consultations with doctors ($49 for 10 minutes).  Some insurance companies and employer plans offer free telephone hotlines that can answer questions, sometimes 24 hours a day, to help you decide if you need an urgent care visit.


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