Best Medicare Supplement Plans in Florida
There are ten Medigap plans available to Medicare beneficiaries in Florida. A Medicare Supplement plan can help you cover the out-of-pocket expenses left after Original Medicare Part A and Medicare Part B pay their portion. These expenses include coinsurance, copayments, and deductibles.
Editor's Pick:
Of the ten plans offered in 2023, we found Mutual of Omaha offers the best Medicare Supplement Plan G rates, coming in at $170 per month for the most comprehensive coverage.
We also found Mutual of Omaha offers the best Medicare Supplement Plan N rates at $123 per month; for those that want the best monthly value without compromising coverage.
And for those wanting the lowest possible monthly premium, High Deductible Plan G came in at a low rate of $64 with Mutual of Omaha. There is a deductible of $2,700 that needs to be met before this plan will cover costs.
Below is a brief overview of what each plan covers.
Mutual of Omaha Medicare Supplement Plan G
- Mutual of Omaha Medicare Plan G offers the most comprehensive coverage and numerous advantages, making it the perfect choice for those seeking total protection.
Mutual of Omaha Medicare Plan G highlights:
- Coverage for Part B excess fees, the Medicare Part A deductible and all coinsurance costs associated with Part B.
- No required referrals.
- Access to any medical provider who accepts Original Medicare.
Monthly Plan Cost: $170
*Quotes for a 65 year old non smoking female, in zip code 32082
Mutual of Omaha Medicare Supplement Plan N
- Mutual of Omaha Medicare Plan N offers lower premiums than Plans F and G, making it more affordable for those seeking coverage.
Plan N offers a wide array of benefits, such as:
- Skilled nursing facilities
- $0 Part A deductible
- Foreign travel emergency healthcare
- Maximum $20 copay for office visits
- Maximum $50 copay for an ER visit (waived if admitted)
Out Of Pocket Expenses:
- Must pay Part B deductible
- Must pay Part B excess charges
- Must pay copays for office visits and ER visits
Monthly Plan Cost: $123
*Quotes for a 65 year old non smoking female, in zip code 32082
Mutual Of Omaha High Deductible Plan G
- With a Mutual Of Omaha High-Deductible Plan G, you are responsible for paying an upfront deductible of $2,700 before your coverage begins; however the remaining features and benefits remain the same as traditional Plan G.
- This option is a much more cost-effective alternative to traditional Medicare Supplement Plan G.
Monthly Plan Cost: $64
*Quotes for a 65 year old non smoking female, in zip code 32082
Aetna Medicare Supplement Plan F
- Medicare Plan F covers not only Part A and Part B deductibles, but also all coinsurances.
- To be eligible for the benefits of this program, it is required that you have enrolled in Original Medicare before January 1st 2020.
Medicare Supplement Plan F used to be the number one plan for many years, but that changed in 2020. MACRA stands for the Medicare Access and CHIP Re-authorization Act of 2015. This law prevents newly eligible individuals from having their Medicare Supplement plans cover the cost of the Medicare Part B deductible, starting January 1, 2020. If you want to enroll in Plan F today, your Medicare Part B start date must be before Jan. 1st, 2020.
Monthly Plan Cost: $201
*Quotes for a 65 year old non smoking female, in zip code 32082
What's the Best Medicare Supplement Company in Florida?
Based on our review of several key factors, Mutual of Omaha is the best Medicare Supplement company in Florida.
While Mutual of Omaha Medigap plans tend to be more affordable in Florida, it's not the only factor when selecting the best Medicare Supplement company. For example, depending on your plan letter of choice, one provider might offer Plan N at a lower cost but may be pricier for Plan G; every insurer has its own set of advantages and drawbacks depending on their levels of coverage.
For this reason, Mutual of Omaha remains our top selection during the review process due to its affordability, expansive range of plan choices, household premium discounts, and high customer satisfaction rates.
This chart compares different Medicare Supplement companies to Mutual of Omaha that are also available in Florida, including sample premiums, ratings, and market share:
Cigna
Market share: 1.28%
Plan G cost: $183
Plan N cost: $126
Financial strength: A
Mutual of Omaha
Market share: 2.35%
Plan G cost: $170
Plan N cost: $124
Financial strength: A+
Aetna
Market share: 1.33%
Plan G cost: $190
Plan N cost: $131
Financial strength: A
United Healthcare
Market share: 54.09%
Plan G cost: $183
Plan N cost: $155
Financial strength: A
For illustrative purposes only: The premiums listed are for a 65-year-old female, non-smoker from a local zip code. Many insurance companies offer household discounts - eligibility for premium discounts can be determined when enrolling in a plan. The AM Best rating determines the financial rating of each carrier. No warranties or guarantees of any kind have been expressed.
How Much Does a Medigap Plan Cost in Florida?
The best price for Medicare Supplement Plan G in Florida is $170 per month with Mutual Of Omaha.
Your age and plan choice will have the most significant impact on your premium.
Here you can see how the prices compare for several different plans:
Medigap Plan
Plan F
Plan G
Plan N
High Deductible G
Plan A
Plan K
Monthly Cost
$201
$170
$123
$64
$143
$75
Plan Popularity in Florida
60%
45%
25%
15%
8%
-1%
Quotes are for sample purposes only. Prices are the average monthly rate in Florida for a 65-year-old female nonsmoker. Part B start date and or medical underwriting may affect your rate.
When Can I Enroll in a Medigap Plan in Florida?
The Medigap Open Enrollment Period is a six-month window that starts the first month you are 65 or older. You also must be enrolled in Medicare Part B. During the Medigap Open Enrollment Period, a Medicare insurance company must:
- Sell you a Medigap plan in Florida for a rate unrelated to your health conditions
- Waive the waiting period for pre-existing conditions
Although you can apply outside the Medigap Open Enrollment Period, you will be subject to medical underwriting requirements. The exception is if you have guaranteed issue rights.
Scenarios for guaranteed issue rights include:
- You are losing a Medicare Advantage plan because it ceased coverage in your area, or you will no longer participate with Medicare.
- You moved out of the area that your plan services.
- Your coverage under a group health plan is ending – this may include employee, retiree, or COBRA coverage.
- You are within the time allowed to switch back to Medigap after enrollment in Medicare Advantage or Program of All-inclusive Care for the Elderly (PACE)
- You lost a Medigap policy through no fault of your own.
When Under 65
In Florida, state law requires private health insurance companies to sell Medigap policies to beneficiaries under 65 who have a disability or end-stage renal disease (ESRD).
Extra Help for Low Income
Medicare beneficiaries often qualify for extra help with prescription drug coverage. The Social Security Administration can provide eligibility requirements and the information you need to apply. In addition, Florida has many Social Security locations throughout the state. Therefore, it’s best to look into the help available before your Open Enrollment period to take advantage of all available options.
Ready to Learn More?
We help educate Medicare beneficiaries on their Medigap options and help them go through the process of reviewing and comparing plans. We work with some of the nation's top-rated Medigap carriers. So give us a call today, or request a quote online to learn more about Aetna Medicare Supplement plan G and Mutual of Omaha Medicare Supplement plan G in your state.
FAQ
Medigap plans in Florida are estimated to cost $64 to $201 monthly. The average cost of a Medigap plan in Florida can depend on multiple factors, such as the individual's age, the type of plan they choose, and their location.
The most popular Medigap plan in Florida is Plan G. It offers comprehensive coverage for Medicare-covered hospital, medical and outpatient expenses, including copayments, coinsurance, and other out-of-pocket costs.
The average cost of Medigap Plan G in Florida is $170 - $196 per month, although the exact price may vary based on factors like your age and location.
In Florida, you cannot be denied coverage for a Medicare insurance policy if you apply during your Initial Enrollment Period or qualify for guaranteed issue rights. Outside of that, you may be accepted at a higher premium or denied coverage altogether.
Changing Medigap plans can be done at any point. However, when switching plans outside of the initial enrollment period, you could be denied coverage or have your rates increased due to a health condition or medical issues.
For over 15 years, Matt Kiggins has been the senior editor at Simple Advisor, giving detailed advice on Medicare, life insurance, and dental coverage to thousands of clients in more than forty states. His demonstrated expertise in assisting people with their health plan selection is remarkable — it’s evident that he stands out among competitors as the go-to source for knowledge and support.
Matt holds a resident 2–15 Florida Health & Life (Including Annuities & Variable Contracts) Agent License in Florida, his state license number is P116762 (Issued 10/1/2007).
Article Resources:
- Aetna Medicare Supplement Plans
- Mutual of Omaha Medicare Supplement Plans
- Cigna Medicare Supplement Plans
- Florida Blue Medicare Supplement Plans
- How Much Does a Medigap Plan Cost?
- When Can I Enroll in A Medigap Plan?
- Can I Be Denied Medigap Coverage?
- CMS Medicare Services
- Florida Department of Elder Affairs
Please note that the average quotes provided are for demonstration purposes only. Your actual premiums will be determined based on several factors such as your health conditions, age, location, tobacco status, gender, and insurance provider.
Or enter your zip code to shop online