Medigap insurance rates vary considerably by zip code, age, tobacco use and plan.
The older you are the higher your Medicare supplement rate will be. The exception is for those who are under age 65 and on disability and Medicare. In most states rates for under age 65 are astronomical.
Many carriers offer competitive rates from age 65 to 74. Above age 74 some plans (surprisingly) become more competitive while others less so.
Tobacco use often adds 20% to the rate but can be more, depending on the carrier.
Plan F is the most expensive (and most popular) followed by D or G (depending on your state), N then Hi F.
You can generally find a site that offers "instant Medigap quotes" but keep in mind the most competitive rates are usually not illustrated online.
It's easy to shop the rates with online quoters. It will vary depending on your age, zip code, tobbacco use, gender, etc. Also which plan you choose will greatly affect the cost.
My own site has a free online quoter you can use. It's located at http://www.newburyfinancial.com/medicare_supplement_prices
I recommend doing your research online but always find a local broker to purchase through. You will usually have a much better relationship and Medicare Supplements are not a one time purchase. The broker you buy from is your employee until you choose to fire him. He is your 1st call if you have a billing problem, question, or rate increase.
When shopping rates online do NOT enter your correct name, address, phone number or anything to identify you until AFTER you have decided to buy. Most quoting sites look legit but are really data collecting sites that will sell your info as an insurance lead. You will have 50-insurance agents calling you all at once.
Only use sites that will quote you the rates and everything you need to research and then YOU choose the agent you want to call. You will have a much better experience doing it that way.
Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
The price of a Medigap policy depends on which Medigap policy you want to apply for, your age, gender, tobacco usage (if any), your zip code, and whether you're married and applying together (for household discounts - available from some carriers).
You want to compare prices from multiple companies when you're shopping because Medigap plans are standardized, meaning the benefits are the exactly the same regardless of who you buy it from - the price is the only difference. You should consult with an independent agent who can shop your case among multiple companies and offer you the desired Medigap plan at the lowest possible cost.
I hope the information is helpful - please feel free to contact me for help, including quotes and plan comparisons, and if you have any other questions. Thanks very much.
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The older you are the higher your Medicare supplement rate will be. The exception is for those who are under age 65 and on disability and Medicare. In most states rates for under age 65 are astronomical.
Many carriers offer competitive rates from age 65 to 74. Above age 74 some plans (surprisingly) become more competitive while others less so.
Tobacco use often adds 20% to the rate but can be more, depending on the carrier.
Plan F is the most expensive (and most popular) followed by D or G (depending on your state), N then Hi F.
You can generally find a site that offers "instant Medigap quotes" but keep in mind the most competitive rates are usually not illustrated online.
My own site has a free online quoter you can use. It's located at http://www.newburyfinancial.com/medicare_supplement_prices
I recommend doing your research online but always find a local broker to purchase through. You will usually have a much better relationship and Medicare Supplements are not a one time purchase. The broker you buy from is your employee until you choose to fire him. He is your 1st call if you have a billing problem, question, or rate increase.
When shopping rates online do NOT enter your correct name, address, phone number or anything to identify you until AFTER you have decided to buy. Most quoting sites look legit but are really data collecting sites that will sell your info as an insurance lead. You will have 50-insurance agents calling you all at once.
Only use sites that will quote you the rates and everything you need to research and then YOU choose the agent you want to call. You will have a much better experience doing it that way.
You want to compare prices from multiple companies when you're shopping because Medigap plans are standardized, meaning the benefits are the exactly the same regardless of who you buy it from - the price is the only difference. You should consult with an independent agent who can shop your case among multiple companies and offer you the desired Medigap plan at the lowest possible cost.
I hope the information is helpful - please feel free to contact me for help, including quotes and plan comparisons, and if you have any other questions. Thanks very much.