Average Cost of Medicare Supplement Plans


If you’re shopping around for Medigap coverage, you’ll want to know the average cost of Medicare Supplement plans. There’s no simple answer to this question. Medicare Supplement plans can range from $50-$300+ in monthly premiums. These premiums are different for each beneficiary due to being influenced by several factors.

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What’s the Average Cost of Supplemental Insurance for Medicare?

The benefits of a Medicare Supplement plan will be the same across carriers. However, the premiums will vary by the beneficiary.

We’re here to help you understand why this is, and pinpoint the average cost of some of the most popular Medigap plans. Three of the significant factors that impact your Medigap rates are your location, age, and gender.

To help you understand how the cost of the same plan varies per individual, we’ll include examples of rate quotes from three ZIP Codes, for people of different ages and both gender options. Please note that all of our examples are for non-tobacco users. If you use tobacco, you can expect to see premiums that are 10% higher.

What’s the Average Cost of Medicare Plan F?

Plan F offers the fullest coverage of all the Medigap plans, making it the most popular.

Plan F Average Monthly Cost in Palm Harbor, FL (34684)*
Gender: Female, Age: 65 $195.00
Gender: Male, Age: 65 $206.69
Gender: Female, Age 75 $240.24
Gender Male, Age 75 $276.22
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.
Plan F Average Monthly Cost in New York, NY (10017)*
Gender: Female, Age: 65 $306.25
Gender: Male, Age: 65 $306.25
Gender: Female, Age 75 $306.25
Gender Male, Age 75 $306.25
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.
Plan F Average Monthly Cost in Austin, TX (78701)*
Gender: Female, Age: 65 $120.72
Gender: Male, Age: 65 $138.83
Gender: Female, Age 75 $147.88
Gender Male, Age 75 $170.07
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.

As you can see, premium rates vary by location. Women pay less in premiums than men in some states since they tend to live longer. You might have noticed that New York is not one of those states. You’ll also see it’s best to enroll in a Medigap plan when you become eligible at 65 instead of waiting. Premiums are always subject to increase every year, but you will likely start with higher premiums the older you are when you enroll.

Average Cost of High-Deductible Version of Plan F

There’s also a high-deductible version of Plan F. High-Deductible Plan F offers the same benefits as standard Plan F. Premiums for this plan are lower, but there’s a higher deductible the beneficiary must reach before the plan covers all costs. Below, we’ll show an example of how rates are lower on this plan for the same people in Florida as the example above for standard Plan F.

High-Deductible Plan F Average Monthly Cost in Palm Harbor, FL (34684)*
Gender: Female, Age: 65 $46.00
Gender: Male, Age: 65 $52.00
Gender: Female, Age 75 $74.79
Gender Male, Age 75 $83.02
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.

What’s the Average Cost of Medicare Plan G?

The most popular plan for newly eligible beneficiaries is Plan G since they can no longer enroll in Plan F. It covers everything that Plan F does, except for the Part B deductible.

Plan G Average Monthly Cost in Palm Harbor, FL (34684)*
Gender: Female, Age: 65 $169.23
Gender: Male, Age: 65 $176.25
Gender: Female, Age 75 $226.16
Gender Male, Age 75 $243.44
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.
Plan G Average Monthly Cost in New York, NY (10017)*
Gender: Female, Age: 65 $268.00
Gender: Male, Age: 65 $268.00
Gender: Female, Age 75 $268.00
Gender Male, Age 75 $268.00
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.
Plan G Average Monthly Cost in Austin, TX (78701)*
Gender: Female, Age: 65 $98.21
Gender: Male, Age: 65 $112.95
Gender: Female, Age 75 $122.45
Gender Male, Age 75 $140.78
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.

Average Cost of High-Deductible Version of Plan G

A high-deductible version of Plan G is also available. It offers the same benefits as standard Plan G. High-Deductible Plan G requires a higher deductible in exchange for lower monthly premiums, like Plan F’s high-deductible option before it. Below, you’ll see that the monthly premiums for the same people in Florida are lower than they were on standard Plan G.

High-Deductible Plan G Average Monthly Cost in Palm Harbor, FL (34684)*
Gender: Female, Age: 65 $46.00
Gender: Male, Age: 65 $52.00
Gender: Female, Age 75 $75.00
Gender Male, Age 75 $87.00
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.

What’s the Average Cost of Medicare Plan N?

Medigap Plan N premiums skew lower than those of the other two of the top three Medigap plan options. With Plan N, you’ll be responsible for some additional copayments, but aside from that, it covers everything Plan G covers with the exception of excess charges. Yet, this is not a downside if you live in a state that doesn’t allow excess charges to begin with.

Plan N Average Monthly Cost in Palm Harbor, FL (34684)*
Gender: Female, Age: 65 $129.00
Gender: Male, Age: 65 $144.06
Gender: Female, Age 75 $165.93
Gender Male, Age 75 $198.25
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.
Plan N Average Monthly Cost in New York, NY (10017)*
Gender: Female, Age: 65 $198.25
Gender: Male, Age: 65 $198.25
Gender: Female, Age 75 $198.25
Gender Male, Age 75 $198.25
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.
Plan N Average Monthly Cost in Austin, TX (78701)*
Gender: Female, Age: 65 $78.47
Gender: Male, Age: 65 $90.21
Gender: Female, Age 75 $102.89
Gender Male, Age 75 $118.31
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.

Average Cost of Other Medigap Plans

The letter plan itself is a factor that affects your Medigap premium rates. Less popular Medigap plans are priced differently than the top three. This is due to the lesser benefits they offer. Let’s take a look at sample rates for the rest of the Medigap plans, using Florida Medicare Supplement premiums. Like Plan F, Plan C is considered first-dollar coverage.

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Plan C Average Monthly Cost in Palm Harbor, FL (34684)*
Gender: Female, Age: 65 $197.27
Gender: Male, Age: 65 $205.45
Gender: Female, Age 75 $272.74
Gender Male, Age 75 $284.01
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.

Plan D covers everything that Plan C does, except for Part B excess charges. Again, this isn’t a concern if you live in a state that doesn’t allow excess charges.

Plan D Average Monthly Cost in Palm Harbor, FL (34684)*
Gender: Female, Age: 65 $199.00
Gender: Male, Age: 65 $229.00
Gender: Female, Age 75 $267.00
Gender Male, Age 75 $307.00
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.

Plan K comes with 50% cost-sharing, making its premiums lower than most. It also doesn’t cover the Part B deductible or excess charges.

Plan K Average Monthly Cost in Palm Harbor, FL (34684)*
Gender: Female, Age: 65 $60.65
Gender: Male, Age: 65 $63.22
Gender: Female, Age 75 $84.38
Gender Male, Age 75 $87.92
*Please note: the above are sample rates. These are subject to change. Call us for your accurate, personalized quotes today.

How to Get Accurate Medigap Premium Rate Quotes

Remember that the average costs in the examples above are just that. Your monthly premiums may be similar, but they may not. The only way to get your accurate Medigap rate quotes is to speak to an agent.

Call us at the phone number above, and we'll prepare your free, no-obligation Medigap rate comparison. We work with our clients wherever they live and we represent several of the top rated Medicare Supplement companies. You can also complete our online rates form, and we'll reach out to you for the information we need to find the best plan(s) for you.

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Jagger Esch

Jagger Esch is the Medicare expert for MedicareFAQ and the founder, president, and CEO of Elite Insurance Partners and MedicareFAQ.com. Since the inception of his first company in 2012, he has been dedicated to helping those eligible for Medicare by providing them with resources to educate themselves on all their Medicare options. He is featured in many publications as well as writes regularly for other expert columns regarding Medicare.

2 thoughts on “Average Cost of Medicare Supplement Plans

  1. Would it benefit me to move to another state before getting medicare supplement plan? even if it was for a week?

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