Medigap, often referred to as Medicare supplements, provides extra coverage for your Medicare insurance. But, with 10 different plans to choose from, let’s look at the average cost for Medigap in Springfield, Missouri.
What is Medigap?
You can enroll in a Medigap plan of your choice to cover the costs of Original Medicare, as well as additional benefits. Enrolling in a Medigap plan is a great way to ensure you’re covered before and after you need care.
There are 10 different supplements to choose from. This means you have plenty of options to balance your costs and coverage. Every supplement offers some combination of these benefits:
- Part A coinsurance and hospital costs (even up to 365 days after your Part A coverage is used up)
- Part B coinsurance or copayment
- First three pints of blood for transfusion
- Part A hospice care coinsurance or copayment
- Skilled nursing facility care coinsurance
- Part A deductible
- Part B deductible
- Foreign travel care
- Part B excess charges (Only covered by plans F and G, so not available to all enrollees)
How Medigap Costs are Determined
Costs aren’t set in stone for Medigap. There are a number of factors that come into play that can affect how much you’ll pay for your plan.
One of the biggest factors, of course, is the plan itself. Plans with more benefits cost more than plans with fewer benefits, and vice versa. So, generally speaking, Plan A (a low-priced Medigap plan) has the biggest cost difference with Plan F (the highest-coverage Medigap plan). Other factors come into play as well, like the percentage of coverage for each benefit and out-of-pocket limits.
Where you are enrolling and who you purchase from also play a big role in cost. In Springfield, Missouri, Medigap costs are fairly average on the lower end of the spectrum. The provider you purchase from also makes a difference, which is why it’s so important to compare providers before purchasing.
Average Medigap Costs in Springfield
To set you on the right track for understanding your Medigap options, here is a list of each plan and their lowest versus highest-cost options.
- Plan A
- Lowest premium: $129.25
- Highest premium: $402.84
- Plan B
- Lowest premium: $184.00
- Highest premium: $381.45
- Plan C
- Lowest premium: $229.07
- Highest premium: $397.00
- Plan D
- Lowest premium: $180.25
- Highest premium: $334.20
- Plan F
- Lowest premium: $189.08
- Highest premium: $464.54
- Plan G
- Lowest premium: $152.41
- Highest premium: $413.95
- Plan K
- Lowest premium: $74.00
- Highest premium: $145.73
- Plan L
- Lowest premium: $125.00
- Highest premium: $322.34
- Plan M
- Lowest premium: $171.21
- Highest premium: $382.50
- Plan N
- Lowest premium: $129.24
- Highest premium: $311.41
Find a Medigap Plan Today
The best way to find the right Medigap plan is with expert help. Secure Insurance Group makes it easy to compare your options and confidently choose your best coverage. To learn more, call 1-877-871-7328.
