Medicare Supplement Plan B
Like plan A, Medicare Supplement Plan B is considered a basic option that provides coverage for some of the highest expenses Medicare beneficiaries might have to pay out of their own pockets. Unlike Plan A, it does not have to be sold in an area that these insurers cover.
Do you need help finding the best rates for Medicare Supplement Plan B? If so, enter your zip code in the quote box on our page to see local options.
Understanding Medicare Supplement Plan B
First, Part A and Part B of Original Medicare make up traditional Medicare. It is important not to confuse this with plan A and B. These plan levels are two out of several Medicare Supplement plan levels. They are different than Medicare Advantage plans because they work with original Medicare to fill in the gaps for things Original Medicare doesn’t pay and do not have HMO or PPO networks. While MA is very popular, some people still prefer Medicare Supplement plans because they can offer more predictable coverage and more freedom to choose doctors and hospitals anywhere in the United States.
All Medicare Supplement plans have to provide standard basic benefits that are defined by the government. These include Part A hospital coinsurance, Part A hospice coinsurance, the first three pints of blood, Part B coinsurance and additional hospital days. However, Medicare Supplement Plan B also pays for the part B deductible. Both options are intended to protect policyholders from some of the highest expenses original Medicare might leave beneficiaries open to.
How Much Does Medicare Supplement Plan B Cost?
The Center for Medicare and Medicaid, or CMS, defines standard benefits for each plan level. However, each private company can set its own rates. In addition, Medicare Supplement Plan B premiums could vary because of location, age, and other factors. That’s why it is always important to get quotes for yourself. However, it might be helpful to view some example prices.
These are example monthly costs for a 65-year-old non-smoker in major cities in selected states:
- Arizona Medigap: $144.45
- California Medigap: $165.42
- Florida Medigap: $310.51
- New York Medigap: $303.02
- Texas Medigap: $172.58
Note: These prices are only examples, and your own Medicare Supplement Plan B quotes could vary. The comparison was pulled from quality national Medicare insurance companies that include:
As you can see, Medicare Supplement Plan B prices are very different in major cities in different states. Even within the same states, prices might vary by town or city. Of course, the important thing to know is that insurers are free to set their own prices, and that is why it is always important to shop around. One Medicare Supplement insurer may offer much more competitive rates, but there is no way to know which one is cheapest without comparing quotes.
Compare Medicare Supplement Plan B Prices Online
We work hard to make it easy for you to compare prices and plans online. Simply enter your zip code on this page and submit the quote form. After you view a list of local options, you are free to click through to learn more. If you’d prefer, we also have a toll-free phone number. We hope to help as many of our visitors find affordable Medicare health insurance solutions.