How Much Is the Average Cost for Medicare Supplement Plan F?

• by Christian Worstell
• February 15, 2022
• Reviewed by John Krahnert

Medicare Supplement Insurance (Medigap) Plan F is the most popular Medigap plan, with 53 percent of Medigap beneficiaries enrolled in Plan F.¹

But how much does Medicare Supplement Insurance Plan F cost?

The average premium for Medicare Supplement Plan F was $169.14 per month in 2018.²

Learn more about the average cost of Medigap Plan F in each state in 2018, and find out if the benefits of Plan F work for your health coverage needs.

What is the average cost of Medigap Plan F by state?

The chart below shows the average cost of Medicare Supplement Insurance Plan F for each state in 2018.²

Plan F was less expensive in Iowa, New Mexico and South Carolina in 2018, and more expensive in New York, Connecticut and North Dakota. Massachusetts, Minnesota, and Wisconsin have different Medigap plan standards.

Note: Plan cost data was not available for Massachusetts, Minnesota, Rhode Island, Vermont, Wisconsin and Washington D.C.

How much does high-deductible Plan F cost?

Plan F also offers a high-deductible option. With this Medigap plan option, you typically pay a lower premium in exchange for a higher deductible.  

The average premium for high deductible Plan F in 2018 was $57.16 per month, or roughly one-third of the average monthly cost of the traditional Plan F.²

In 2022, high-deductible Plan F offers an annual deductible of $2,940, meaning you are responsible for paying the first $2,940 worth of covered expenses before the plan’s coverage begins.

What can affect the average cost of Plan F?

The average cost of Medicare Supplement Insurance Plan F — or any Medigap plan for that matter — can be influenced by a number of factors.

• Location
  As you can see from the chart above, the average monthly cost of Medigap Plan F can vary quite a bit from one state to another. The cost of a Medicare Supplement Insurance plan can vary based on location in the same way that a gallon of gas or milk can.
  
  
• Insurance carrier
  Medicare Supplement Insurance is sold by private insurance companies. These companies can set their own premium rates. A licensed insurance agent can help you compare plans from several different Medicare Supplement Insurance providers.
  
  
• Benefits
  Because Plan F provides more benefits than any other type of Medigap plan, Plan F may have higher monthly premiums than other types of Medigap plans in some areas.

Other factors such as age, gender, smoking status and health can also affect Medigap plan rates.

Should I choose Medigap Plan F?

The true cost of a Medigap plan is not limited to just the monthly premium. You may also want to consider how much you will end up spending on out-of-pocket Medicare costs over the course of the year that your Medigap plan doesn’t cover.

One potential benefit of choosing Plan F is that it covers many out-of-pocket Medicare costs.

The chart below shows how Plan F compares with of other types of Medigap plans.

What happened to Plan C and Plan F in 2020?

Some Medicare beneficiaries commonly ask, “Is Medicare Supplement Insurance Plan F ending?”

The answer is that Plan F, as well as Plan C, are not ending. Because of a recent federal law, Plan F and Plan C are no longer available for Medicare beneficiaries who became eligible on or after January 1, 2020.

If you already had Plan C or Plan F before 2020, you will be able to keep your plan. If you became eligible for Medicare before 2020, you may still be able to buy either Plan C or Plan F if either is available where you live.

Read additional medicare costs guides to learn more about Medicare costs and how they will affect you.

Explore Medicare Supplement Insurance Plan F costs where you live

A licensed insurance agent can help you explore the Medicare Supplement Plan F options that may be available in your area, including the average cost of your Medigap plan options.

¹ AHIP. (June, 2020). State of Medigap: Trends in Enrollment and Demographics. Retrieved from https://www.ahip.org/wp-content/uploads/AHIP_State_of_Medigap-2020.pdf.

² TZ Insurance Solutions LLC internal sales data, 2019. This data is based on the Medicare Supplement Insurance policies TZ Insurance Solutions LLC has sold. It is not a comprehensive national average of all available Medicare Supplement Insurance plan premiums.

About the author

Christian Worstell is a senior Medicare and health insurance writer with MedicareAdvantage.com. He is also a licensed health insurance agent. Christian is well-known in the insurance industry for the thousands of educational articles he’s written, helping Americans better understand their health insurance and Medicare coverage.

Christian’s work as a Medicare expert has appeared in several top-tier and trade news outlets including Forbes, MarketWatch, WebMD and Yahoo! Finance.

Christian has written hundreds of articles for MedicareAvantage.com that teach Medicare beneficiaries the best practices for navigating Medicare. His articles are read by thousands of older Americans each month. By better understanding their health care coverage, readers may hopefully learn how to limit their out-of-pocket Medicare spending and access quality medical care.

Christian’s passion for his role stems from his desire to make a difference in the senior community. He strongly believes that the more beneficiaries know about their Medicare coverage, the better their overall health and wellness is as a result.

A current resident of Raleigh, Christian is a graduate of Shippensburg University with a bachelor’s degree in journalism.

If you’re a member of the media looking to connect with Christian, please don’t hesitate to email our public relations team at Mike@tzhealthmedia.com.

 

 

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