How Much Does A Medicare Supplement Plan Cost In Pennsylvania?
How much does a Medicare supplement plan cost in Pennsylvania? Well, that depends upon a variety of factors. Generally, Medicare supplement plan monthly
premiums tend to run slightly higher in Pennsylvania than they do in other nearby 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.
Good to know:
Be up front about finances. Are you short on cash? Do you have a high insurance deductible? Don't be embarrassed to tell your doctor or dentist. He may be able to suggest less costly treatment options or even agree to lower fees. "Try to negotiate the fee you pay before or at the time you make your appointment and/or offer to pay cash," suggests Ruth Linden of Tree of Life Health Advocates. "Some physicians will agree to accept a reduced rate, if you inform them you are experiencing difficult financial circumstances." In fact, a Wall Street Journal/Harris Interactive poll found that three out of five people who negotiated with their doctors received discounts.
courtesy of Parents.com
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
- Tobacco Use
- Health Status
The most significant factor is the plan type that you choose. For example, the monthly premium of a plan type "F"
will likely be consistently higher than the monthly premium of a plan type "K"
- no matter which
insurance carrier you decide upon.
This is because each Medicare supplement plan type designates a unique plan 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.
With very few exceptions, the older you are, the higher your monthly premium.
Good to know: Take advantage of free screenings. Every community has health fairs that offer free screenings for diabetes, HIV, high blood pressure and other maladies. By law, ACA-compliant insurance plans offer a number of screenings with no copays. These screenings can save you hundreds of dollars.
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In Pennsylvania, 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.
Most insurance companies in Pennsylvania will charge a slightly higher monthly premium for Medicare supplement coverage if you smoke or chew tobacco.
In some cases, if you are not enrolling within the open enrollment - guarantee issue time frame for Medicare supplement coverage, some companies in Pennsylvania will charge you a higher rate if you have specific medical issues. Please contact us if you have questions concerning this.
Both Medicare supplement and Medicare advantage plan insurance companies tend to offer slightly lower premium rates for women.
Where you live in Pennsylvania
Your Medicare Supplement plan monthly premium will vary depending on where you live in Pennsylvania. 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:
On Average For 2020
- Mutual of Omaha
- Blue Cross Blue Shield
On average, in Pennsylvania, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female
applicant would be: $123.00 - $135.00
On average, in Pennsylvania, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male
applicant would be: $138.00 - $167.00
Good to know: Just because a hospital or office is "in-network" doesn't mean all its doctors are. Think you're covered because you took the time to make sure your hospital or doctor's office was approved as being in your network? Think again. It's just not that simple. Individual providers, labs, tests, specialists, and others that work within the facility may still be out of network. Yes, exasperating, but true. It's tedious but important to, when possible, ask everyone involved in your treatment if they are an "in network" provider.
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