Chicago Medicare Supplement Insurance Costs
Compare Medigap plan rates from top carriers in Cook County
Medicare Supplement insurance premiums in Chicago can vary dramatically from one carrier to the next, even for the identical standardized plan. Chicago residents shopping for Medigap coverage in Cook County may find that monthly premiums for the same plan differ by hundreds of dollars depending on the insurer, so comparison shopping is essential before you enroll. Working with an independent agent who represents multiple carriers is one of the most effective ways to ensure you are not overpaying for the same benefits.
Compare Rates with a Chicago Medicare Agent
Independent Medicare agents serving Cook County are appointed with multiple insurance carriers and can present side-by-side rate comparisons at no cost to you. Unlike captive agents who represent only one company, independent brokers in Chicago can shop the market on your behalf and help you find the lowest available premium for the coverage you need.
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Estimated Plan G Medigap Rates — Chicago, Illinois (Zip 60601)
Estimated based on available 2018 market data for Plan F, adjusted to reflect typical Plan G pricing (approximately 8–12% less than Plan F for the same carrier and age). Actual current premiums may differ. Contact a licensed agent for current quotes.
| Gender | Lowest Monthly Premium | Highest Monthly Premium | Difference |
|---|---|---|---|
| Female, Age 65 (non-smoker) | $120.67 | $215.00 | 78.2% |
| Male, Age 65 (non-smoker) | $137.00 | $338.90 | 147.4% |
3 Questions to Ask Before You Buy a Medigap Plan in Chicago
1. Is the agent appointed with multiple carriers, or just one?
In Chicago's competitive Medigap market, premiums for the same standardized plan can differ by more than $200 per month between carriers. An agent who is only appointed with one insurance company cannot show you how that company's rates compare to the rest of the market. Always ask how many Medicare Supplement carriers the agent represents before accepting a recommendation.
2. What has the carrier's rate increase history looked like over the past five years?
Illinois law requires insurers to file rate increase requests with the Illinois Department of Insurance (IDOI), and those filings are a matter of public record. A low introductory premium can become less attractive if the carrier has a pattern of above-average annual increases. Ask your agent to share the company's rate history, and consider verifying it through the IDOI at insurance.illinois.gov before you enroll.
3. Am I in my Medigap Open Enrollment Period, and does that affect my options?
Your six-month Medigap Open Enrollment Period begins the month you are both age 65 or older and enrolled in Medicare Part B. During this window, Illinois insurers are required by federal and state law to sell you any Medigap plan they offer without medical underwriting, regardless of your health status. Outside of this window, carriers in Illinois may use medical underwriting and can decline coverage or charge higher premiums based on pre-existing conditions. Timing your enrollment correctly can save you significantly on both coverage availability and cost.