Best Medigap Plan G Costs 2023

Medicare Supplement – Medigap Plan G costs 2023 vary significantly based on where you live. A woman turning age 65 in Dallas could pay as little as $99.38 monthly. In Phoenix, the highest rate available for a woman turning 65 is $470.61 monthly. Here are some key findings from the Association’s 2023 Medigap Price Index:

• Women pay less than men for Plan G.
• 2023 rates increased in 28 comparisons (vs. 2022).
• Rates decreased in 10 comparisons (vs. 2022).
• Lowest rates for men/women turning 65 — Dallas.
• Highest rates were for Manhattan (NYC).
• Spread between lowest and highest rates increased.
• Lowest Rate for Male (65) in Phoenix: $123.83 / Highest $532.72
• No single insurer always had the lowest cost policy.
• Neither was one insurer consistently the most expensive.
• As many as 20 Medigap plans may be offered in some areas.

The complete 2023 Medigap Price Index is posted below.

How To Find The Best Medicare Insurance Plans In 2023

Medicare in National. But Medigap plans are Local. In some cities there are only a few Medigap plans being offered. For example, in New York City, there are plans offered by 5 insurers. But, in other areas you can have plans from 20 different insurers. Most important, prices vary significantly.

For that reason, we strongly recommend consumers speak with a local Medicare agent. Below the Price Index data, we share some questions to ask them. They are important (and helpful).

Use the Association’s free online directory to find Medicare agents in your area. Not agents with toll free numbers. Medicare agents who live and work near you. It’s free and 100% private. You see their info and decide who (if anyone) you want to call. Click the link to access the Medicare Agent Directory.

Medigap Plan G Costs 2023 – Top-10 Metro Markets

(+) 2023 rate reflects increase compared to 2022 Price Index
(-) 2023 rate reflects decline compared to 2022 Price Index.
Rates do NOT include any Policy Fees that can range from $0 to $25.
Also, not reflected are Household Discounts that can range from 0% to 14%.

Download a PDF of the 2023 Price Index

Click the link to access the 2022 Medigap Plan G Price Index for top 10 metro markets.

Click the link to open a PDF of the 2023 Price Index Medicare Supplement Plan G .

Questions To Ask The Medicare Agent You Speak With

Medicare Supplement (Medigap) policies are generally identical. One Medigap Plan G is going to basically offer the same benefits and coverage as another. But that’s where the similarity ends.

Each insurance company gets to decide how much they want to charge. As the Price Index (above) shows, there can be a huge difference between the lowest price one insurer charges and the highest charged by another.

By the way, the lowest price we show may not be your best deal. The insurer could have a history of rate increases (ouch). Or, maybe they add a fee. They may not offer a discount for married couples of partners living together.

Is the Medicare agent you speak with favoring one company? Is that the best one for you?

Here’s some information we hope will help you ask the right questions of the agent you are speaking with. And, we explain (briefly) why we believe these are important questions to ask.

How long have you been licensed to sell Medicare insurance?

Seems like an obvious question. Experience matters. We have nothing against new agents who have undergone their training (they may even be listed on the Association’s directory). But, experience does help and, at the very least, you should know how long the person you are speaking with has been licensed to sell.

Can you tell me how many insurance companies you are ‘appointed’ with?

Appointed is insurance industry jargon. It means the agent can actually sell you a policy from the comp[any that appoints him or her. Or, better said, it means that they will get paid a commission from the insurance company when you buy. Some are appointed with just one insurance company. Others (typically called brokers) are appointed with multiple companies. One is not better than the other – but it’s something you should know. You want an agent who has your interests at heart.

What Medicare insurance companies are you appointed with?

Name names! You won’t find a broker appointed with all Medicare insurance companies. Especially if there are 20 different companies offering policies in your area. But, let them tell you which companies they are appointed with. If a key name is missing you might want to also get a second option from someone else. Key names include UnitedHealthcare, Aetna, Mutual of Omaha, Cigna and Blue Cross / Blue Shields. But there are many more.

What is the company’s history of rate increases?

Insurance companies can raise rates. And, they do. Good agents will be able to tell you a company’s history of rate increases. This is important especially with Medicare Supplement (Medigap). Because you may not be able to switch insurers in future years if something has impacted your health.

Do I call you with future questions or issues?

Typically you’ll deal directly with the insurance company. But many seniors tell us that they like speaking to the agent who sold them the original policy. A local Medicare agent with a local office will want to keep in touch. When you are happy, you’ll be a source of future referrals. But, even when speaking to a Call Center, they want you to be happy. Make sure you write down their customer service number.

Find Medigap Plan G Costs 2023 – Local Medicare Insurance Agents

We invite you to find local Medicare insurance agents located right in your community. The Association’s free online directory lists agents looking to help you find the best coverage. You can call them. Or, send them an Email and ask them to connect with you.

Click to access the free directory listing Medicare agents in your Zip Code

Plan G Costs 2023 Questions?

If you have more questions, please feel free to reach out to the Association by phone or email. Thank you for taking the time to read this information.