Facts About Medicare Supplement Plans in Florida
- Over 900,000 Florida residents have a Medigap plan, according to data from America’s Health Insurance Plans (AHIP).1
- Plan F is the most popular Medigap plan in Florida, with 548,796 enrollees, according to AHIP.
Medicare Supplement Insurance (also called Medigap) helps senior and disabled Florida residents pay for certain Medicare co-payments, deductibles, and other costs. Insurance companies can offer state residents one of the 10 standardized Medigap plan options: Plans A, B, C, D, F, G, K, L, M, and N.
Important: If you become eligible on or after January 1, 2020, Plan F and Plan C will not be available to you.
Florida Medigap enrollment statistics
Certain Medigap plans are more popular than others. The chart below shows which Florida Medicare Supplement Insurance plans are most popular, according to AHIP.
|Popularity ranking||Plan||Total enrollees|
Medicare Supplement Insurance pricing methods
Medigap pricing methods are important because they dictate how your premiums may increase in future years. There are 3 different pricing methods:
- Attained-age rated: The premium increases as you age.
- Issue-age rated: The premium is based on your age when you buy and it may increase due to inflation and other factors, but not due to your age.
- Community rated: The same premium is charged to all Medigap policyholders.
Under-65 enrollment rules
Although Medicare Supplement insurance is primarily for senior citizens, it also covers disabled people and those with end-stage renal disease (ESRD) who are eligible for Medicare.
Florida Medigap insurance companies must offer at least one plan to under-65 Medicare beneficiaries who are disabled or have ESRD. Medigap insurers in Florida are allowed to charge under-65 policyholders different premiums from their senior policyholders. However, insurers must charge the same premium to all non-seniors.
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1 AHIP. The State of Medicare Supplement Coverage. (March 2022). https://ahiporg-production.s3.amazonaws.com/documents/202202-AHIP_MedicareSuppCvg-02_v03.pdf.