Editorials & Other Articles
In reply to the discussion: The Medicare Advantage ripoff every American should know about [View all]Ms. Toad
(34,117 posts)My premium is about $100 a month for the Cadillac medigap plan. My 91 year old father pays about twice that (due to age-related premium increases).
That takes care of all of my Medicare covered expenses, except for $226 this year ($233 last year).
Everyone who has claimed premiums are expensive - and quotes rates of $300+ has been incorrect when I searched the plans available in their state. I haven't found any state yet that didn't have several of the most comprehensive plans available for under $150.
Plans that have copays for doctor visits, or plans that include coinsurance for other care are even cheaper.
In most states, you do lose your right to a medigap plan if you don't buy it when you are first eligible. In most states they will actually issue you coverage - but they will charge you more. In Illinois there are one or two MA plans that allow you to switch at any time, with no surcharge. That's the only state I'm aware of.