Medigap, also known as Medicare Supplement Insurance, helps cover the “gaps” in Original Medicare. But one of the most common questions beneficiaries ask is: “How much does Medigap cost per month?” The answer depends on several key factors—including your location, age, plan type, and more. In this article, we break down everything you need to know about monthly Medigap premiums so you can make an informed decision.
| Section | Jump to Section |
|---|---|
| 💡 What is Medigap? | Jump to Section |
| 💸 Average Monthly Cost of Medigap Plans | Jump to Section |
| 📊 Medigap Cost by Plan Type | Jump to Section |
| 🌍 Medigap Cost by Location | Jump to Section |
| 🎯 Factors That Affect Medigap Premiums | Jump to Section |
| 📈 Medigap Pricing Methods | Jump to Section |
| 🧠 Final Thoughts | Jump to Section |
| ❓ Frequently Asked Questions | Jump to Section |
💸 Average Monthly Cost of Medigap Plans
As of 2025, the average monthly premium for a Medigap plan ranges from $50 to $300, depending on the type of plan and other variables. For example:
Plan A: $70–$200/month
Plan G: $120–$280/month
Plan N: $90–$180/month
These prices can be significantly higher or lower depending on where you live and whether you’re enrolling during your Medigap Open Enrollment Period.
Check out: How much does Medigap cost per month?
📊 Medigap Cost by Plan Type
Here’s a simplified comparison of common Medigap plans:
| Medigap Plan | Coverage Level | Estimated Monthly Cost |
|---|---|---|
| Plan A | Basic coverage | $70 – $200 |
| Plan G | Comprehensive (except Part B deductible) | $120 – $280 |
| Plan N | Moderate coverage with copays | $90 – $180 |
Note: Plan F is no longer available to new enrollees as of 2020.
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Where you live greatly affects your Medigap premiums. For example:
California: Higher average costs due to community-rated pricing and higher healthcare expenses
Texas: Mid-range pricing, with more variation between rural and urban areas
Florida: Higher premiums due to age and demand
Many insurers offer online quote tools where you can input your ZIP code to get a real-time estimate.
🎯 Factors That Affect Medigap Premiums
Several factors influence your monthly Medigap cost:
- Age: Older enrollees typically pay more (unless community-rated).
- Gender: Some states allow gender-based pricing.
- Tobacco Use: Smokers may pay 10–30% more.
- Enrollment Timing: Enrolling during your Medigap Open Enrollment Period can lock in better rates.
- Location: As mentioned, prices vary by state and ZIP code.
📈 Medigap Pricing Methods
Medigap premiums are determined using three main pricing models:
- Community-Rated: Everyone pays the same regardless of age.
- Issue-Age Rated: Premiums are based on your age at the time of enrollment.
- Attained-Age Rated: Premiums increase as you get older.
Be sure to ask which pricing method an insurer uses—it can greatly affect your long-term costs.
🧠 Final Thoughts
Understanding how much Medigap costs per month is crucial when budgeting for healthcare in retirement. Remember that premiums vary based on several factors, so always compare quotes from multiple insurers.
Also, consider your healthcare needs today—and how they might change in the future. Paying a bit more now for broader coverage may save you money down the road.
❓ Frequently Asked Questions
- Q: Is Medigap cheaper than Medicare Advantage?
A: It depends on your healthcare needs. Medigap has higher monthly premiums but offers more predictable out-of-pocket costs and broader provider access. - Q: Do Medigap premiums increase over time?
A: Yes, especially with attained-age rated policies. Your premium may rise as you get older or due to inflation and insurer rate adjustments. - Q: Can I change Medigap plans later?
A: You can switch plans, but after your Medigap Open Enrollment Period, you may face medical underwriting and could be denied or charged more. - Q: Are Medigap premiums tax-deductible?
A: In some cases, yes. Medigap premiums may be deductible as part of your medical expenses if you itemize deductions on your tax return. Consult a tax advisor. - Q: Does Medigap cover prescription drugs?
A: No, Medigap does not include drug coverage. You'll need to enroll in a separate Medicare Part D plan to get prescription drug benefits. - Q: Can I get Medigap if I have a pre-existing condition?
A: Yes, if you enroll during your Medigap Open Enrollment Period. After that, insurers may deny coverage or charge more based on your health.
To learn more about Medigap in Wisconsin, CLICK HERE
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