Find Cheap Medicare Plans in Your Area
When choosing the best Medicare Supplement (Medigap) plan in Florida, you'll need to select both a good insurance company and the plan that has the best coverage to meet your needs.
For most Medigap plans, we recommend AARP/UnitedHealthcare because of its affordable rates in Florida, few policyholder complaints and many included extras, such as dental coverage. However, if you want a good value, consider Plan N from Mutual of Omaha, or you can get cheap coverage from Bankers Reserve.
- $211 per month
- 75% fewer complaints than average
- $128 per month
- 89% fewer complaints than average
What's the best Medicare Supplement company in Florida?
The overall best Medigap provider in Florida is AARP/UnitedHealthcare.
AARP/UnitedHealthcare plans are generally cheap in Florida, which could be one of the reasons it's the most popular provider in the state, with 55% of all policies.
However, the best Medicare Supplement company also depends on the plan letter you're considering. For example, the company that's the best deal for Plan F won't necessarily be best for Plan N or Plan G.
Plan F cost
Plan N cost
|Mutual of Omaha||1%||$243||$128||5.0||A+|
Comparison of the top nine companies with the largest market share in Florida. Costs are the average monthly rate in Florida for a 65-year-old female. Popularity is the market share percentage in Florida by premiums. Customer satisfaction is based on the rate of complaints for each company's Medigap division.
Remember that Medigap coverage is standardized by plan letter. The medical benefits you get with one company will be the same as what you get with another. And with most plans, there are no networks, so you can see any doctor that accepts Medicare. That makes it easy to compare companies based on cost and policyholder satisfaction.
Read more: AARP Medicare Supplement review
AARP/UnitedHealthcare Medigap plans in Florida are in the sweet spot between affordability and quality. Plans typically cost 12% less than the statewide average, while also having a very low rate of complaints.
AARP/UHC offers a wide range of Medigap plans to choose from. Plans also include lots of extras, such as dental discounts, vision discounts and a 24-hour nurse line. Additionally, AARP/UHC is one of the few companies that offers Medigap Select Plans G and N, which can save you about 7% off the standard rates by limiting your coverage to in-network providers.
Moreover, it's a large, stable insurance company with a strong financial ability to pay claims. Plus, AARP/UHC ranks as one of the best Medicare Supplement companies nationwide.
Average cost of AARP/UHC Medigap in Florida:
- Plan F: $211
- Plan C: $209
- Plan B: $181
- Plan G: $180
- Plan A: $149
- Plan N: $148
- Plan L: $126
- Plan K: $63
Bankers Reserve Life Insurance is one of the cheapest companies in Florida selling Medigap plans. A 65-year-old can save about $32 per month on Plans F or G, compared to the state average. That adds up to $384 in annual savings.
However, there are some downsides to Bankers Life. The company only offers the most popular plan options in Florida, which limits your choices.
And, importantly, Bankers Life has about twice as many complaints from Medigap policyholders as the industry average, and its underwriter, Colonial Penn, has a similarly high rate of complaints. But for those who want cheap rates, this tradeoff may be worth it.
Average cost of Bankers Life Medigap in Florida:
- Plan F: $192
- Plan G: $167
- Plan A: $163
- Plan N: $134
Read more: Mutual of Omaha Medigap review
Medigap Plan N from Mutual of Omaha offers a very good deal on coverage. Its $128 per month average rate in Florida is slightly cheaper than Bankers Life, and Mutual of Omaha has a very low rate of complaints. Although Mutual of Omaha is not very popular in Florida, it's the fourth-largest Medigap provider in the country.
Keep in mind that you won't get as many extra perks with Mutual of Omaha as you will with an AARP/UnitedHealthcare plan. But for shoppers on a budget, the straightforward coverage can be a good deal because Plan N has medical benefits that are nearly as good as Plan G.
With Plan N, you'll still have some out-of-pocket costs for medical care, but the monthly savings may make it worth it. For example, Mutual of Omaha's Plan N is $70 cheaper per month than the average cost of Plan G.
Average cost of Mutual of Omaha Medigap in Florida:
- Plan F: $243
- Plan G: $193
- Plan A: $163
- Plan N: $128
- High-deductible Plan F: $92
- High-deductible Plan G: $87
Best prices as you get older
Florida Blue (Blue Cross Blue Shield of Florida) is a popular Medigap provider, with 20% of the state's Medigap enrollment. While the cost of plans may not be cheap at age 65, its slower age-based price increases mean that it's often the cheapest provider for seniors in older age brackets.
For example, at age 90, a Florida Blue Medigap plan is about $37 per month cheaper than the statewide average. The exception to this savings is Plan N, for which Florida Blue is not a good deal for a 90-year-old.
Plus, Florida Blue has a low rate of complaints and is in a strong financial position to pay claims. Although plans don't come with as many perks as AARP/United Healthcare, there are unique features, such as a discount of 1.5% if you set up automatic payments. You can also choose to add SilverSneakers, a fitness program specifically for Medicare users, for $28 per month.
Average monthly cost of Florida Blue Medigap for a 65-year-old vs. a 90-year-old female:
- Plan F: $220 / $318
- Plan C: $213 / $310
- Plan D: $195 / $292
- Plan G: $194 / $286
- Plan M: $187 / $277
- Plan N: $183 / $278
- Plan B: $182 / $228
- Plan A: $158 / $184
- Plan L: $126 / $188
- Plan K: $74 / $111
How much does a Medigap plan cost in Florida?
A Medigap plan in Florida may cost between $46 and $507 per month, with the biggest pricing factors being your age and the plan you choose.
Specifically, the cost in Florida averages $226 per month for Medigap Plan F, $152 per month for Medigap Plan N and $69 per month for high-deductible Plan G for a 65-year-old female nonsmoker.
Medicare Supplement plans in Florida have some of the most expensive rates in the country. A 65-year-old in Florida can expect to pay about 85% more for a Medigap plan than the national average.
While many different plans are available, the most popular plans in Florida are the ones that have the most coverage: Plans F, G and N.
Monthly cost in Florida
Popularity in Florida (enrollment)
|Plan M||$189||Less than 1%|
|Plan A||$172||Less than 1%|
|Plan L||$149||Less than 1%|
|Plan K||$98||Less than 1%|
|Plan F, high deductible||$76||-|
|Plan G, high deductible||$69||-|
Rates are based on a 65-year-old female nonsmoker across the total list of companies that submitted rates to the Florida Office of Insurance Regulation. Enrollment does not total 100% because of discontinued, waivered and pre-standardized plans that are not shown here. Enrollment in high-deductible plans is grouped together with their standard plan letter.
Find Cheap Medicare Plans in Your Area
- Plan F is the most popular Medicare Supplement plan in Florida. It also has the best coverage available and costs an average of $226 per month. With 60% of Medigap policyholders in Florida choosing Plan F, it's even more popular than the 46% enrollment nationwide. However, Plan F is only available to those who were eligible for Medicare prior to 2020.
- Plan G is available to all enrollees, and it's the second most popular option in Florida. The cost of Plan G averages $198 per month. Coverage with Plan G is nearly as good as Plan F, but enrollees have to pay for the Medicare Part B deductible, which is currently $233 for the year.
- Plan N has moderate costs in Florida, making it a good value on coverage. It's also somewhat popular, with 9% of enrollment. The typical cost of $152 per month covers most, but not all, medical expenses. You'll have to pay the $233 Medicare Part B deductible, some copayments for medical care and Medicare excess charges that may occur in rare situations.
- Plan K, which costs an average of $98 per month in Florida, is one of the cheapest plans, but it's not a popular option. In most cases the plan pays half of your portion of medical costs, often reducing your portion of medical costs from 20% of the bill to 10% of the bill.
- High-deductible Plan G is another option for cheap coverage, with monthly rates that average $69 in Florida. However, benefits don't kick in until after you've spent $2,490 on your medical care. The high-deductible plan provides catastrophic-style coverage if you have a significant, unexpected illness. Or, from a financial perfective, high-deductible Plan G is a better deal than the standard Plan G if it's $208 cheaper per month, or $2,496 cheaper per year.
Note that in Florida, Medigap Plan J (now discontinued) still accounts for 6% of the state's Medigap enrollment, even though it has not been available to new enrollees since 2010. Plan J has even better coverage than Plan F, and it includes prescription drug coverage. In contrast, other Medigap enrollees must purchase a separate Medicare Part D plan for prescription coverage. However, Plan J duplicates coverage for preventative care and at-home recovery care, which are now covered by Original Medicare.
If you have Plan J and are considering switching, compare your options for Medigap Plan F and Plan G, with an added Medicare Part D plan.
How does age affect Medigap prices in Florida?
In Florida, insurance companies are allowed to use age to determine prices. That means you'll get the best prices at age 65, and you may see price increases each year. For example, a 90-year-old pays an average $123 more per month for Plan G than a 65-year-old.
Across all plans, you can expect Medigap prices in Florida to increase by 28% between ages 65 and 75. After age 80, age-based price increases are slower, at an average of 10% per decade.
Medigap vs. Medicare Advantage in Florida
You can't be enrolled in a bundled Medicare Advantage plan and a Medigap plan at the same time. In Florida, about half of Medicare enrollees, 51%, choose a Florida Medicare Advantage plan. That's higher than the nationwide average of 42%.
However, within the state, the distribution of Medigap vs. Medicare Advantage varies. For example, in Miami, 73% of residents have chosen Medicare Advantage, but in Fort Myers it's only 43%.
When deciding between Medicare Advantage and Medigap, a bundled Medicare Advantage plan is usually simpler and cheaper. However, your medical costs may vary based on how much health care you need. In contrast, a Medigap plan usually has higher monthly costs than Medicare Advantage. But the benefit is that enrollees have few medical expenses, making Medigap a good deal for those who are managing chronic illnesses or who expect to need surgery.
Remember that most Medigap plans — unlike Medicare Advantage — do not have a provider network. You'll have coverage at any doctor that accepts Medicare. This makes them a great choice for frequent travelers and the many Florida residents who have second homes.
All Medicare Supplement policies are guaranteed renewable, so once you have a plan, you can't lose your coverage because of a health diagnosis.
However, the best time to sign up for a Medigap plan in Florida is during your initial enrollment period when you turn 65 or after you become eligible for Medicare because of a disability.
After initial enrollment, most people go through medical underwriting when signing up for a Medicare Supplement plan, meaning you can be denied coverage or charged higher rates if you have a medical condition.
If you need help choosing the best Medicare coverage for your needs, Florida SHINE is the State Health Insurance Assistance Program (SHIP) that provides free coverage counseling.
List of Medigap companies in Florida
Forty-one companies sell Medigap plans in Florida.
- Aetna (Continental Life Insurance)
- Accendo Insurance (CVS)
- American Benefit Life Insurance (Liberty Bankers)
- American Home Life Insurance
- American Retirement Life Insurance Company (Cigna)
- Bankers Reserve Life Insurance (Centene)
- Blue Cross & Blue Shield of Florida (Florida Blue)
- Capitol Life Insurance (Liberty Bankers)
- Central States Health & Life Company of Omaha (CSO)
- Colonial Penn
- Connecticut General Life Insurance (Cigna)
- Epic Life Insurance Company (WPS)
- Federal Life
- Globe Life
- Great Southern Life Insurance Company
- The Hartford
- Independence American Insurance Company (The IHC Group)
- National Guardian Life Insurance
- National General
- Pan-American Life Insurance
- Physicians Life Insurance
- Royal Arcanum
- S.USA Life Insurance Company
- State Farm
- State Mutual Insurance
- Talcott Resolution
- Union Security Insurance
- United American Insurance
- United Insurance Company of America
- United of Omaha Life Insurance Company (Mutual of Omaha)
- United World Life Insurance Company (Mutual of Omaha)
Frequently asked questions
What's the average cost of a Medigap plan in Florida?
A Medicare Supplement plan in Florida usually costs between $150 and $200 per month for a 65-year-old female. For example, Plan G costs an average of $198 per month, and Plan N costs an average of $152 per month.
Are Medicare Supplement plans more expensive in Florida?
Yes, Florida is one of the most expensive states to buy a Medigap plan, with costs as much as 85% higher than the national average. Those with moderate medical needs usually get the best deal with Medicare Advantage. But those who want a better limit on medical costs can get the cheapest rates by signing up for Medigap during their initial Medicare enrollment period.
How much does Plan G cost in Florida?
On average, Medigap Plan G costs $198 per month in Florida. However, cheaper options are available. It costs an average of $180 per month for Plan G from AARP/UnitedHealthcare, our pick for the best Medigap company in Florida. With Bankers Life, Plan G costs $167 per month, but the company has a higher rate of complaints.
Can you switch Medicare Supplement plans without underwriting in Florida?
In most cases, you'll need to go through medical underwriting in Florida if you want to switch to Medigap or change your Medigap plan, which could mean higher monthly costs or being denied coverage because of a medical condition. However, you can avoid underwriting by signing up for a Medigap plan during your initial enrollment period or during situations such as moving outside of your current plan's service area or if the insurance company becomes insolvent.
What's the most popular Medigap plan in Florida?
Medigap Plan F is the most popular plan in Florida, with 60% of enrollment. This is followed by Plan G, which has 10% of enrollment. Both plans offer some of the best coverage available.
Does age affect Medicare Supplement prices in Florida?
Yes, Florida regulations allow insurance companies to set Medigap prices differently based on age groups, and therefore enrollees see their costs increase as they age. On average, the cost of Plan G in Florida is $123 higher per month for a 90-year-old than for a 65-year-old.
Sources and methodology
The costs for Medicare Supplement plans in Florida are based on rates submitted to the Florida Office of Insurance Regulation (FLOIR). Rates were sampled for female non-smokers purchasing individual policies at ages 65, 70, 75, 85 and 90 in the Florida cities of Naples, Tampa, Jacksonville and Panama City.
Additional information was sourced from A.M. Best to assess financial strength, NAIC to access the rate of complaints and Medicare.gov about general coverage details.
The customer satisfaction rating is a one to five score based on the NAIC Complaint Index of the company's Medigap division. The top score of 5.0 means the company received less than a quarter of the complaints that a typical insurer of its size would receive, and Humana's 1.0 rating means the company has more than three times as many complaints of a typical insurer of its size.
Customer satisfaction score
Number of complaints a company receives compared to a typical insurer of its size
|5.0 (top rating)||75% or fewer complaints than typical|
|4.5||50% to 75% fewer complaints than typical|
|4.0||25% to 50% fewer complaints than typical|
|3.5||0 to 25% fewer complaints than typical|
|3.0||An average rate of complaints|
|2.5||0 to 50% more complaints than typical|
|2.0||50% to 100% more complaints than typical|
|1.5||100% to 250% more complaints than typical|
|1.0||250% or more complaints than typical|