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How much does a Medicare Supplement Plan Cost In Columbus, Ohio?


How much does a Medicare supplement plan cost in Columbus, 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:  Pick the right insurance policy.  Take the time and put in the work necessary in order to select the right plan.  In the state of Florida, for example, if you are shopping for a health insurance plan through the Affordable Care Act exchange, you will be offered around 100 plan variations to choose from.  This doesn't even include all of the health plan options that are not on the exchange.  So, regardless of where you live, you will likely find a confusing clutter of choices that you will need to sort through.  In addition, you want a plan that includes your doctors and your medications, plus provides care for any chronic conditions.  Information online can be incomplete or outdated, so call the doctors to make sure they're still participating in plans you're considering.

OhioHealth Riverside Methodist Hospital - health insurance
OhioHealth Riverside Methodist Hospital
3535 Olentangy River Rd
Columbus, OH 43214
Telephone: (614) 566-5000
Plus Code: 2XJ8+85 Columbus, Ohio




Company
In Columbus, 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 2019

On average, in Columbus, Ohio, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $125.00 - $187.00.
On average, in Columbus, Ohio, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $132.00 - $191.00.

Good to know:  Just because your doctor writes you a prescription doesn't mean you can fill it.  Expensive medications for treatment of certain cancers, diabetes, liver disease, and a host of other maladies can cost patients tens to hundreds of thousands of dollars if the insurer does not cover the drugs.  But even if the drugs are covered, insurers have been known to try to stall, just to see if the patient will come up with the money to pay for the drugs rather than wait on the insurer's approval.  What can we say?  It happens.


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