Originally Posted by HadEnuff
I have visited this page before and I'm confused at the range of prices on the premiums. For example, the Policy F Monthly Premium is listed as "$193-$568"
the Policy F-High Deductible is "$51- $167"
and Policy G is "$239-455"
Can you explain why the huge ranges, and how would I find out where in that huge range I would fit?
Confusion is understandable - too many options.
MediGap policies are regulated, so you know that each "C" policy offers the same coverage. However, insurers can price them differently. There are 3 different pricing methodologies: community rated, issue-age rated, and issue-attained rated. More detail here https://www.medicare.gov/find-a-plan...-policies.aspx
but basically, "attained-age rated" are premiums that are lower now and increase as you get older, while "community rated" are higher now because they are the same for everyone and won't increase due to age, but will only have inflation type increases. It's difficult to compare the two, because you can't just jump from one to another - the only time you have guaranteed access is on your 65th b'day.
When looking at my zip code and only for two policies (C and F) I found far fewer options, many of the insurers on the list didn't offer the plan at all. Some insurers I don't even recognize and am not motivated to investigate further. In my case, looking over MediGap for the past year for enrollment later this year (for DW), we really have only a few options - less than a half dozen.
Most people here that have gone through this started by choosing the level of coverage they want. MediGap C, F and high-deductible F have been mentioned frequently. Some concern about F, especially future price increases, as it is being phased out.