New York Medicare Costs
Compare Medicare Supplement (Medigap) Plan G rates in New York and find a local agent who can help you save.
Find Best New York Medicare Insurance Plan
New York Medicare Costs vary significantly. According to the 2022 Price Index for Medicare Supplement (Medigap) insurance policies, the following are costs for Plan G coverage for a man or woman age 65. Costs shown are for five leading insurance companies.
| Rank | Plan G Monthly Premium (Age 65) |
|---|---|
| 1 | $278.25 per month |
| 2 | $289.75 per month |
| 3 | $390.00 per month |
| 4 | $398.38 per month |
| 5 | $476.04 per month |
Source: 2022 Price Index for Medicare Supplement insurance policies. Rates shown are for Plan G coverage for a male or female age 65.
Why Pay Almost $200 More Monthly for Identical Coverage?
There is no reason to pay more. Medicare mandates what benefits insurance companies must include. Some may offer a few nominal added benefits (like gym memberships). But basically all policies with the same letter (Plan G) are identical.
A local Medicare insurance agent should be able to help you compare available plans.
New York Medicare Costs: Why Do Prices Differ So Much?
Why does one company offer Medicare Supplement Plan G for $278.25 a month while another charges $476.04 monthly? Is there something wrong with a company charging more?
The answer is somewhat complex. Each insurance company gets to decide what they charge for Medicare Supplement insurance. Medicare Supplement is also often called Medigap.
Insurance companies can change their rates each year. For that reason, you should ask the agent for a history of insurance company rate increases.
But the bottom line is that each insurance company gets to decide what they want to charge. They look at their claims experience, then predict future trends and care needs.
It is up to you, the consumer, to compare and to make your best decision.
Questions to Ask When Interviewing an Agent or Broker
- How long have you been selling Medicare insurance?
- Are you appointed with multiple Medicare insurance companies? How many?
- Do you sell BOTH Medicare Supplement and Medicare Advantage coverage?
Find Best New York Medicare Costs
Use the Association's free directory to find local Medicare insurance agents.
- Enter your Zip Code.
- Click the Find Agents tab.
- A listing of local agents will appear instantly.
- You pick who you want to call or email (if any of them).
No personal information is required to access the directory. No obligation. No data collected.