Factors That May Affect a Quote
In addition to any potential medical underwriting, there are a few other factors that can affect a Medicare Supplement Insurance quote.
Location
Not every Medicare Supplement Insurance plan is made available in every state. And because these plans are sold by private insurance companies, quotes can be affected by the local market and can differ in price from one state to the next.
Pricing Structure
Medicare Supplement Insurance plans may be priced using one of three different models.
- Community-rated
These Medigap plans are available to customers at the same cost, regardless of age.
- Issue age-rated
The cost of these plans are based on your age at the time of your application.
- Attained age-rated
The rates for these Medicare Supplement Insurance plans increase as you age.
Discounts
The price of a Medicare Supplement Insurance plan may also be affected by any discounts offered by the companies selling the plans. Discounts are sometimes made available to married couples, non-smokers, women and customers who pay their premiums through an electronic funds transfer.
Coverage
Each Medicare Supplement Insurance plan offers a slightly different combination of benefits than the rest. Typically, plans that offer more coverage can cost more than plans offering less coverage.
Use the chart below to compare the basic benefits included with each type of plan.