Best Medigap 2023 Prices
Finding the best Medigap 2023 prices depends on where you live. It can really pay to comparison shop. In New York where the lowest monthly rate for Medigap Plan G is $278, the highest for identical coverage is $476. In Iowa, where the cheapest is $79, the most expensive is $192. Below we report the lowest rates for Medicare Supplement Plan G found in each state.
Here’s what consumers need to know about finding the best Medicare Supplement (or Medigap) insurance coverage.
- Rates (premiums) are based on where you live.
- There can be as many as 20 different insurers offering coverage.
- No one insurance company always had lowest cost.
- Neither is one insurer consistently the most expensive.
- Insurers can offer discounts (up to 14% or more).
- They can charge added premium fees (not shown below),
- Insurance agents may represent only 1 or 2 plans.
- Some agents (brokers) will represent more insurance companies.
- Asking about the history of rate increases is important.
Turning 65? Find The Best Medigap 2023 Prices For You
The chart below shows the lowest premium (cost) for a Medigap Plan G policy. We report Plan G because that’s what most people select when they are turning age 65.
We show monthly rates for women. In some states men and women pay the same. But that is not true everywhere. We also show rates for a non-smoker. And, we did not include any Policy Fees. Neither did we show discounts. Some insurance companies will offer discounts when both spouses have coverage. Others will offer a discount if you pay annually.
But here’s the most important point. No insurance company was always the least expensive. And no insurance company was always the most expensive. That’s why we stress the importance of comparison shopping.
Talking to a local Medicare agent can be the smartest call you’ll make. We offer a free (and private) directory that lists them. Click the link (Find A Local Medigap Agent) or click on the banner on the right side of this page.
|FEMALE TURNING AGE 65 – MEDIGAP PLAN G|
|State||Zip Code||Lowest Premium|
Rates not shown for Minnesota or Wisconsin which have different types of plans.
We selected Zip Codes that had the highest incomes for each of the respective states. There’s no reason we picked this as the criteria. It just seemed fair and equal.
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