Medicare Insurance in Florida
Find the best Medicare plan for Florida residents
Florida has nearly 5 million Medicare beneficiaries — more than almost any other state. With hundreds of Medicare Advantage plans, dozens of Medigap options, and multiple Part D drug plans, navigating Medicare in Florida takes research. Here are 10 things to know before choosing a plan.
10 Tips for Finding the Best Medicare Insurance in Florida
- Learn the differences between Medicare Advantage and Medigap.
- Keep your prescription drugs in mind when evaluating plans.
- Find and speak to a Medicare insurance agent who represents multiple plan options.
- Start the process of researching plans early.
- Ask whether future switching will be possible.
- Determine all costs you'll pay plus those which you could face.
- Request the Medicare Star rating for the plans you like.
- Talk to friends and neighbors about their satisfaction with coverage.
- Check to see if additional benefits like dental are available.
- Speak with at least one LOCAL Medicare insurance agent.
How Many Medicare Advantage Plans Are Available in Florida?
As of 2023, there are over 200 Medicare Advantage plans available in Florida. Depending on where they live, some Florida residents can select from 100 different MA plans; others have 25 to choose from. More than half of Florida Medicare beneficiaries select Medicare Advantage plans.
How Many Medicare Supplement Plans Are Offered in Florida?
According to the American Association for Medicare Supplement Insurance, there are over 50 insurance companies that offer Medicare Supplement plans in Florida (2023). Some of the most popular Medicare Supplement insurers in Florida include Aetna, Cigna, Humana, Blue Cross Blue Shield, and United Healthcare.
There are 10 Medicare Supplement plans available in Florida, labeled with letters A, B, C, D, F, G, K, L, M, and N. Medigap prices can vary significantly for identical plan coverage — comparing carriers is essential.
Senior Population Facts (Over 65)
Florida has the highest percentage of seniors over 65 in the United States. According to the U.S. Census Bureau, as of 2020, there were approximately 4.5 million seniors living in Florida, making up 21.6% of the state's population.
- Healthcare: With such a large senior population, healthcare is a crucial issue in Florida. The state has many programs available to seniors, including Medicaid, Medicare, and the Statewide Medicaid Managed Care Long-Term Care Program.
- Housing: Housing is another important issue facing Florida's senior population, with many retirees relocating for the warm climate and lower cost of living.
- Economic Security: Economic security is a concern for many seniors in Florida, particularly those on fixed incomes managing rising healthcare and housing costs.