REWahoo
Give me a museum and I'll fill it. (Picasso) Give
Since all Medicare supplement G plans provide the exact same benefits, this price survey of 10 Zip codes around the US shows how those turning 65 can pay thousands of dollars more per year in premiums if they don't shop around. One example:
Interesting that there was no consistency as to which insurance company had the lowest or highest premium costs:
More examples:
Take Dallas, Texas (Zip Code 75001) as an example. The LOWEST cost for Medicare Plan G is $99 per-month (female, age 65). The HIGHEST price is $381-per-month (female, age 65).
That is a significant monthly difference. Now imagine the yearly difference. And, because Medicare Supplement plans are pretty much identical, you have to ask why someone would pay over $3,000 a year more?
Interesting that there was no consistency as to which insurance company had the lowest or highest premium costs:
No one Medicare insurance company was consistently the LOWEST cost for Plan G. No one company was the HIGHEST. In fact, for the 20 Zip Codes – our survey found 13 different Medicare insurance companies had either the lowest or the highest prices.
More examples:
LOWEST AND HIGHEST PLAN G PREMIUMS FOR 2020
To give you a flavor of how much prices for Medicare Supplement can vary from one insurance company to the next, we share the example from our 2020 Price Comparison.
LOWEST FOR WOMEN (2020): The least expensive cost for a woman turning age 65 was $99 per-month in Atlanta (Zip Code 30313), Dallas (75001) and Washington D.C. (20005). Three different insurance companies offered these rates.
HIGHEST FOR WOMEN (2020): The most costly Medicare Plan G rates for a woman turning 65 was $476 per month in New York (10012) and $451 in Philadelphia (19050).
LOWEST FOR MAN (2020): For a man turning 65, the least expensive plan was $109 per-month in Dallas. It was $115 in San Francisco (94105).
HIGHEST FOR MAN (2020): The most costly Medicare Plan G for a man turning 65 was $509 in Philadelphia (19050). The next most costly was in New York City (10012) where the monthly high premium was $476.