Medicare Supplement plans in Florida

Medicare Supplement plans in Florida

 

There are only 17 insurance companies that have Medicare Supplement plans in Florida. It doesn’t matter what state you live in the Medicare Supplement plans will still be the same. The only difference is going to be the rates of the plans.

Rate Changes

Now these rate changes are going to vary by different things. The different plans might change because of what plan it is, and also what company it is.

Down below is a chart that will show you what Mutual of Omaha’s rate changes are. You can see that the rate changes do not always go up each year.

 

Company Year A B C D F F (high) G K L M N
Mutual of Omaha Insurance Company 2011 15.0% 0% 15.0% 15.0% 15.0% 0% 0% 0% 0% 15.0% 15.0%
Mutual of Omaha Insurance Company 2012 20.0% 0% 20.0% 20.0% 20.0% 0% 0% 0% 0% 20.0% 0%
Mutual of Omaha Insurance Company 2014 0.0% 0% 0.0% 0.0% 0.0% 0% 0% 0% 0% 0.0% 0%

 

 

Free Medicare Supplement Quote

Now this chart will show you what the rates are based off of.

Type of pricing How it’s priced What pricing may mean for you Examples
Community-rated (also called No-Age-Rated) The same monthly premium is charged to everyone who has the Medigap policy, regardless of age. Premiums are the same no matter how old you are. Premiums may go up because of inflation and other factors.

Mr. Smith is 65. He buys a Medigap policy and pays a $165 monthly premium.


Mrs. Perez is 72. She buys the same Medigap policy as Mr. Smith. She also pays a $165 monthly premium because with this type of policy, everyone pays the same price, regardless of age.

Issue-Age-Rated Policies The premium is based on the age you are when you buy (are “issued”) the Medigap policy. Premiums are lower for younger buyers and won’t change as you get older. Premiums may go up because of inflation and other factors.

Mr. Han is 65. He buys a Medigap policy and pays a $145 monthly premium.


Mrs. Wright is 72. She buys the same Medigap policy as Mr. Han. Since she is older at the time she buys it, her monthly premium is $175.

Attained-Age-Rated Policies The premium is based on your current age (the age you have “attained”) so your premium goes up as you get older. Premiums are low for younger buyers, but go up as you get older and can eventually become the most expensive. Premiums may also go up because of inflation and other factors.

Mrs. Anderson is age 65. She pays a $120 monthly premium. Her premium will go up every year.

  • At age 66, her premium goes up to $126
  • At age 67, her premium goes up to $132
  • At age 72, her premium goes up to $165

Mr. Dodd is age 72. He buys the same Medigap policy as Mrs. Anderson. He pays a $165 monthly premium. His premium is higher than Mrs. Anderson’s because it is based on his current age. Mr. Dodd’s premium will go up every year.

  • At age 73, his premium goes up to $171
  • At age 74, his premium goes up to $177

If you are not familiar with how Medicare Supplement plans in Florida work then you can give me a call at 901-KORTNI8

Medicare Sign Up


By MEDIGAP on Incline