1. 2275 POINTS
    Bill Loughead
    President, SummitMedigap.com, CO, FL, GA, MI, NC, SC & TX
    The average cost of Medigap Insurance will depend on your age, what state you live in, your smoking status and which Medigap Insurance Plan you have.  Medigap Plans can range between $75 per month to $500 per month depending on those factors.  The average cost of Medigap Insurance will be different in different states.  For example, Texas, South Carolina, North Carolina and Colorado are usually less expensive than South Florida.  However, North Florida will generally be less expensive than South Florida.

    Work with an independent agent to shop the market for you and find you the best plan for the least amount of premium that matches your specific needs.  For more information you can visit our website or give me a call.  I would be happy to answer any questions for you.
    Answered on August 3, 2014
  2. 11498 POINTS
    Jason Goldenzweig
    Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
    The cost of a Medigap plan is different for many people so it's very difficult to say what the average cost of a Medigap plan would be.

    The cost of a Medigap plan will be determined by several factors - your age, your gender, your zip code, any tobacco usage, and if you and a spouse are applying together (some carriers offer a household discount on their rates when spouses apply for coverage at the same time).

    Please note, Medigap plan benefits are standardized, meaning a plan F from company A is the exact same plan F from company B - there are no differences in the policy benefits. The major factor you're looking at when comparing plans is price.  For example, if company A charges $120 per month for plan F and company B charges $130 per month, you would want to buy the plan from company A because it's cheaper and features the exact same coverage as the plan F from company B.

    I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage and if you have any other questions. Thanks very much.
    Answered on August 4, 2014
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