Are you turning 65 this year in Missouri? Experts at the American Association for Medicare Supplement Insurance recommend comparing prices for Medicare insurance coverage.
Data reported by the organization indicates that Medicare insurance rates can vary significantly for men and women across the state.
“For seniors, comparing Medigap prices is important and can result in some significant savings,” shares Jesse Slome, director of the American Association for Medicare Supplement Insurance. “A woman turning 65 in Kansas City could pay as little as $127 monthly or as much as $231-per-month for virtually identical Medigap Plan G coverage,”
“Insurers offering coverage to Indiana seniors set their own rates and they vary,” Slome adds. “A woman living in Springfield can pay less even than a woman living in St. Louis or Kansas City.”
The Association examined fees that get added to the monthly cost and they may also vary as will discounts for two-person households. Missouri Indiana, the household policy-pricing discount varies from zero to as high as 12 percent according to the AAMSI policy analysis.
AAMSI’s 2020 Medicare Supplement Price Index reports the lowest as well as the highest available insurance rates for Medigap Plan G. “Plan G is generally the most popular choice among seniors turning 65,” Slome explains. “The survey is intended to educate more seniors turning 65 about the importance of comparing options. You might be making a decision that you cannot easily change down the road.”
Access tips for getting coverage shared by top Medicare insurance advisors as well as the 2020 Medicare insurance pricing report for top U.S. cities via the organization’s website.
Missouri Medicare Insurance Plan G 2020 Price Index Findings
KANSAS CITY, MO (Zip 64164)
FEMALE age 65, Plan G
Lowest monthly premium: $126.50
Highest monthly premium: $231.00
MALE age 65, Plan G
Lowest monthly premium: $140.13
Highest monthly premium: $265.00
ST. LOUIS, MO (Zip 63101)
FEMALE age 65, Plan G
Lowest monthly premium: $139.75
Highest monthly premium: $231.00
MALE age 65, Plan G
Lowest monthly premium: $155.50
Highest monthly premium: $265.00
SPRINGFIELD, MO (Zip 65807)
FEMALE age 65, Plan G
Lowest monthly premium: $118.50
Highest monthly premium: $228.15
MALE age 65, Plan G
Lowest monthly premium: $131.75
Highest monthly premium: $253.46
Use the self-service online directory hosted by the American Association for Medicare Supplement Insurance to find Missouri Medicare insurance agents. “The nation’s largest Zip Code-based directory of Medicare insurance agents is free to use and completely private,” Slome shares.
AAMSI is an advocacy and informational organization. The national organization supports insurance professionals who market Medicare Supplement insurance.