Medicare Supplemental Insurance, or Medigap, helps cover out-of-pocket costs like deductibles and copayments that Original Medicare doesn’t pay. The cost of these plans varies based on factors like location, coverage level, and provider.

Factors Affecting Medigap Costs

• Plan Type: Medigap plans are standardized (A, B, C, D, F, G, K, L, M, N), with higher coverage plans costing more.
• Age & Health: Some insurers use age-based pricing, meaning premiums may increase over time.
• Location: Prices differ by state, with costs generally higher in urban areas.
• Insurance Provider: Private companies set their own rates, so shopping around is key.

Typical Price Range

• Basic plans can start at $50–$100 per month.
• Comprehensive plans, like Plan F or G, range from $120–$300 per month.
• Some high-deductible options offer lower monthly premiums but require more out-of-pocket spending.
  

Ways to Lower Costs

• Compare multiple insurance providers.
• Consider a high-deductible plan if you’re healthy.
• Look for discounts for non-smokers or household plans.

Final Thought

Medigap plans provide valuable financial protection, but costs vary widely. Understanding your coverage needs and comparing options can help you find the best plan at an affordable price.