How much does a Medicare Supplement Plan Cost In Cleveland, Ohio?
How much does a Medicare supplement plan cost in Cleveland, Ohio? Well, that depends upon a variety of factors. Generally, Medicare supplement plan monthly
premiums run slightly higher in Ohio 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: Learn to Negotiate. Want to reduce your medical bills? Don't be shy. One of the best ways to lower your healthcare costs is to negotiate with your doctor prior to receiving treatment. Be upfront. Your doctor already knows the projected cost of your treatment, and there's no harm in asking him how much you will be expected to pay. When you receive your estimate, don't just accept it outright. Instead, work with your doctor or healthcare provider to see if you can haggle it down. Often, you can cut a deal with your healthcare provider if you simply ask. Setting up payment plans or promising to pay in cash may help to lower your costs, but these aren't your only options. Speak with your healthcare provider to see if they offer any unique savings options for people in your situation.
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| Cleveland Clinic - Lutheran Hospital 1730 W 25th St, Cleveland, OH 44113 Cleveland, OH 44113 Telephone: (216) 696-4300 Plus Code: F7PR+WX Cleveland, Ohio |
Company
In Cleveland, 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 Ohio 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 Ohio 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 Ohio 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 Ohio. 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 2024
On average, in Cleveland, Ohio, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $125.00 - $186.00.
On average, in Cleveland, Ohio, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $131.00 - $197.00.
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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