eHealth “MedSup” Price Index Shows Medicare Consumers Can Save 20% on Medicare Supplement Plans by Comparing Their Options
Survey of 169 Medicare Supplement Plan F offerings across 47 states and D.C. shows average Medicare Supplement Plan F premium is
“If you want to find a
Of the 10 types of Medicare Supplement plans available nationwide, 40%1 of those enrolled in a Medicare Supplement plan are enrolled in Plan F, which makes it the most popular plan by more than a three-to-one margin. By comparison, only 13% of those enrolled in a Medicare Supplement plan are enrolled in Plan C1.
eHealth compared the monthly premiums for non-smoking men and non-smoking women who enrolled in a Medicare Supplement (MedSup) Plan F plan at age 65, age 67, and age 72 across 47 states and the
Highlights from eHealth’s analysis of Medicare Supplement plan premiums for plans offered on its websites include:
- A person could save over 20% on average by reviewing all their Plan F options and choosing the one with the lowest premium: On a state-by-state basis, Medicare Supplement Plan F premiums vary by as much as 50% in states like
Arizona to as little as 2% or 3% in states likeRhode Island andSouth Dakota , respectively. - On average, the difference in premium between the highest priced and lowest priced Medicare Supplement Plan F plan available on eHealthMedicare.com was 21.2% at the state level.
- Women pay 5% less than men: The average quoted Plan F premium for a female non-smoker at age 65 was
$162 per month versus$173 per month for men. -
New Mexico has the lowest average premium: eHealth offers Plan F plans from three different insurers inNew Mexico . The combined average price of those three options was$130 per month for a male age 65 and$116 per month for women age 65. -
New York has the highest average rate: eHealth offers Plan F plans from three different insurers inNew York . The combined average price of those three options was$281 per month for a male or female aged 65. - Between age 65 and age 67, Medicare Supplement Plan F premiums increase 5.6% on average: For men and women, the average quoted rate for a 67-year-old was more than 5% higher than the average quoted rate for a 65-year-old.
- Between age 67 and age 72, Medicare Supplement Plan F premiums increase more than 15% on average: For men and women, the average quoted rate for a 72-year-old was more than 15% higher than the average quoted rate for a 67-year-old.
State-specific premium data
The following figures represent the average quoted premiums for
Male Age 65 |
Female Age 65 | Male Age 67 | Female Age 67 | Male Age 72 | Female Age 72 | |||||||||||||||||||
AK | |
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AL | |
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AR | |
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AZ | |
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CA | |
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CO | |
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CT | |
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DC | |
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DE | |
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FL | |
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GA | |
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HI | |
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IA | |
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ID | |
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IL | |
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IN | |
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KS | |
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KY | |
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LA | |
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MD | |
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ME | |
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MI | |
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MO | |
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MS | |
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MT | |
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NC | |
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ND | |
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NE | |
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NH | |
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NJ | |
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NM | |
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NV | |
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NY | |
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OH | |
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OK | |
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OR | |
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PA | |
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RI | |
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SC | |
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SD | |
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TN | |
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TX | |
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UT | |
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VT | |
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WA | |
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WV | |
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WY | |
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Average | |
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Detailed state-specific premium data
The following table shows the highest quoted rate for a
Age 65 Non-Smoker | Male | Female | ||||||
State | AK | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 22% | 23% | ||||||
State | AL | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 27% | 27% | ||||||
State | AR | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 16% | 16% | ||||||
State | AZ | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 52% | 50% | ||||||
State | CA | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 12% | 12% | ||||||
State | CO | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 26% | 22% | ||||||
State | CT | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 25% | 25% | ||||||
State | DC | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 38% | 35% | ||||||
State | DE | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 6% | 8% | ||||||
State | FL | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 7% | 1% | ||||||
State | GA | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 21% | 22% | ||||||
State | IA | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 22% | 20% | ||||||
State | ID | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 10% | 10% | ||||||
State | LA | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 24% | 28% | ||||||
State | IN | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 18% | 25% | ||||||
State | KS | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 25% | 30% | ||||||
State | KY | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 12% | 23% | ||||||
State | LA | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 12% | 23% | ||||||
State | MD | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 35% | 35% | ||||||
State | ME | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 20% | 20% | ||||||
State | MI | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 26% | 26% | ||||||
State | MO | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 14% | 15% | ||||||
State | MS | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 22% | 32% | ||||||
State | MT | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 19% | 19% | ||||||
State | NC | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 23% | 25% | ||||||
State | ND | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 6% | 8% | ||||||
State | NE | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 12% | 23% | ||||||
State | NH | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 11% | 7% | ||||||
State | NJ | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 17% | 17% | ||||||
State | NM | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 25% | 28% | ||||||
State | NV | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 25% | 30% | ||||||
State | NY | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 35% | 35% | ||||||
State | OH | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 21% | 17% | ||||||
State | OK | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 32% | 38% | ||||||
State | OR | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 38% | 38% | ||||||
State | PA | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 30% | 34% | ||||||
State | RI | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 11% | 2% | ||||||
State | SC | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 15% | 23% | ||||||
State | SD | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 3% | 15% | ||||||
State | TN | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 16% | 22% | ||||||
State | TX | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 25% | 27% | ||||||
State | UT | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 20% | 20% | ||||||
State | |
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Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 35% | 41% | ||||||
State | VT | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 7% | 7% | ||||||
State | WA | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 17% | 17% | ||||||
State | WV | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 19% | 29% | ||||||
State | WY | |||||||
Lowest Quoted Rate | |
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Highest Quoted Rate | |
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Difference | |
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Percent Difference | 15% | 26% | ||||||
Average Price Difference | 21.2% | |||||||
*This table does not include |
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Notes:
1 Data from a
eHealth
For more health insurance news and information, visit eHealth's
View source version on businesswire.com: http://www.businesswire.com/news/home/20161012005433/en/
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