Medicare supplements plans for as we all know are supplement plans. Though Federal government provides sponsored Medicare plans, but one need to purchase Medicare supplement plans from private insurance company. Medicare supplement plans are provided to cover extra medical cost which is out of scope of Medicare plans. There are ten different types of Medicare supplement plans available in United States of America and each of the plans have different rate from each other. The different types of supplement plans available are A, B, C, D, F, G, K, L, M, and N.
Factor on which exact rate of Medicare supplement plans depends
Medicare supplement plans rates can vary because the cost of premium of supplement plans varies depending on the plan you choose. The various factors on which the rate of Medicare supplement plans may depend are as follows.
- Medicare supplement plans cost may vary from company to company from which you buy the Medicare supplement plans.
- To learn about Medicare Advantage 2019 plans visit https://www.medicareadvantageplans2019.org/
- Medicare supplement plans cost can vary based on the time period.
- Type of plan one selects mainly affects the cost of Medicare supplement plans based on the cost coverage by each plan.
What is the rate of Medicare supplement plans?
Rates of Medicare supplement plans can vary from plans to plan based on its popularity. Moreover the rates can also vary from company to company that sell such policy. In this article, here is a list of average rate of monthly premium based on data published by different insurance company providing Medicare supplement plans.
The average monthly premium of plan A is around $305.
The average monthly premium of plan B is around $418.
The average monthly premium of plan C is around $409.
The average monthly premium of plan D is around $353.
The average monthly premium of plan F is around $316.
Plan F (High deductible)
The average monthly premium of plan F (high deductible) is around $67.
The average monthly premium of plan G is around $257.
The average monthly premium of plan K is around $119.
The average monthly premium of plan L is around $207.
The average monthly premium of plan M is around $311.
The average monthly premium of plan N is around $195.
The data mentioned above is an approximate data and it may vary based on the company you choose to buy the supplement plans.