New York State Medicare Supplement Insurance Rates Vary
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Medicare Insurance New York Rates – June 2020
A female turning age 65 in New York State has numerous options for her Medicare insurance. According to the 2020 Medicare Supplement Insurance Price Index if she lives in Manhattan she potentially could pay $2,500 more for virtually identical coverage.
The analysis of 2020 Medigap pricing was released today by the American Association for Medicare Supplement Insurance (AAMSI).
“New Yorkers are not aware of that there can be huge differences between the lowest and the highest cost for the same Medicare insurance plan,” shares Jesse Slome, AAMSI’s director. The organization compiled rates for Medigap Plan G rates for metropolitan areas.
“Almost everywhere the lowest rate was at least half of the highest,” Slome notes. “In some markets the highest rate was nearly four times higher.” The Association’s mid-year price analysis examined Plan G plan costs.
Manhattan, New York (Zip 10012), male turning 65, Plan G
Lowest monthly premium: $260.00
Highest monthly premium: $476.04
Buffalo, New York (Zip 14209), male turning 65, Plan G
Lowest monthly premium: $213.25
Highest monthly premium: $377.55
Rochester, New York (Zip 14612), male turning 65, Plan G
Lowest monthly premium: $213.25
Highest monthly premium: $357.03
Medicare Insurance New York – Find New York State Medicare Agents
The Association posted the findings on the 2020 Medicare Supplement Plan G Price Index findings on their website. “We also share a few valuable savings tips that can be most valuable for consumers,” Slome adds. For example, a household discount may be available. “The percentage savings can vary from three percent to as much as 14 percent,” he explains.
The Association offers an online directory to find New York Medicare insurance agents located by Zip Code. “It’s free and completely private to use unlike other sites looking to gather your personal information,” Slome shares.
The American Association for Medicare Supplement Insurance is an advocacy and informational organization. AAMSI supports insurance professionals who market Medicare Supplement insurance.