Best Medicare Supplement Plans in Florida

Florida Blue (Blue Cross and Blue Shield) and Mutual of Omaha offer Florida’s best Medicare Supplement plans.

Florida Blue offers the best rate for Plan G at $201.50 per month for a 66 year-old-male in Orange County, while Plan N has the most competitive rates with Mutual of Omaha at just $130.90 monthly for a 66 year-old-female in Escambia County.

Some notable features of both companies are fast underwriting, low monthly premiums, and high customer satisfaction rates.

Florida Medigap facts:

A study conducted by AHIP.ORG shows a total of 925,872 residents in Florida have enrolled in Medicare Supplement (Medigap) coverage. The number of individuals opting for Medigap Plan G has exceeded 134,682 and continues to rise, given that Plan F is no longer available for new Medicare beneficiaries. Additionally, Medigap Plan N has attracted over 89,828 participants in Florida.

  • Plan G: $201.50 per month
  • Policy holder satisfaction: 96%
  • $130.90 per month
  • Policy holder satisfaction: 97%

When searching for the best Medicare Supplement plan in Florida, we only considered financially stable options from well-established companies.

Newer companies may have lower rates, but these and lesser-known insurers may increase prices more frequently. Sticking with trusted brands is best to avoid additional expenses and potential issues.

Best Plan G Rates: Florida Blue

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Cheapest Plan G Cost in Florida (Orange County):
Female Ages:

65:  $176.43

70: $192.38

75: $218.72

Male Ages:

65:  $196.40

70:  $221.25

75:  $251.54

Plan G Overview:

Florida Blue’s Medigap Plan G offers a range of benefits, including coverage for Part B excess charges, Medicare Part A deductible, foreign travel, emergency care, and Part B coinsurance.

What sets this plan apart is the freedom it provides: no referrals are needed, and there are no networks that limit your choice of providers. You can use any medical provider if they participate in the Original Medicare network.

Florida Blue also offers a stand-alone prescription drug plan that can be purchased for an additional premium.

Cheapest Plan N Rates: Mutual of Omaha

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Average Medigap Plan N Cost in Florida (Escambia County):
Female Ages:

65:  $128.65

70:  $143.54

75:  $162.19

Male Ages:

65:  $147.95

70:  $165.08

75:  $186.53

Plan N Overview:

Mutual of Omaha’s Medigap Plan N allows you to choose any doctor who accepts Original Medicare. The critical distinction between Plan G and Plan N lies in the copays for specific office and emergency room visits.

With Plan N, you’ll have a $25 copay for office visits and a $50 copay for emergency room visits, whereas Plan G has no copays.

Plan N Helps Pay the Following:
  • Original Medicare Part A and B coinsurance
  • Part A deductible
  • Emergency care

Plan N may offer lower out-of-pocket expenses overall, along with access to the MutuallyWell fitness program.

What's the Best Medicare Supplement Company in Florida?

The best Medigap providers in Florida are Florida Blue (Blue Cross and Blue Shield) and Mutual of Omaha.

Typically, these companies in Florida offer the most competitively priced plans, making them highly sought-after in our review. It’s important to note that the top Medicare Supplement company can vary depending on the plan letter you’re interested in.

For instance, one insurer may offer a lower cost for Plan N. At the same time, another may present a more affordable Plan G. Additionally, each company has unique advantages and disadvantages based on their specific plan options.

Plan G
Plan N
Cost by CountyFinancial
Florida Blue18.66%$196.40$161.80DuvalA
United World Health (Mutual of Omaha GRP)2.12%$220.63$160.87HillsboroughA+
Cigna Health Group1.14%$270.10$186.61Palm BeachA
Continental Life Insurance Company of Brentwood, Tennessee (Aetna).67%$362.77$250.73Miami-DadeA
Accendo (CVS and Aetna affiliate).05%$349.44$240.99Browardn/a

Florida offers ten standardized Medigap plans, all providing the same coverage regardless of your chosen company. Additionally, in some areas, a high-deductible Medigap option may be available. Moreover, most plans have no network restrictions, allowing you to visit any provider that accepts Original Medicare.

To simplify the process of selecting an insurance company, comparing costs and policyholder satisfaction ratings is advisable to ensure you are comparing apples to apples.

How Much Does a Medigap Plan Cost in Florida?

Premiums for a Florida Medicare Supplement plan can cost as little as $70 or as much as $350, depending on your age and the level of coverage you choose.

Medigap PlanMonthly CostCost by CountyEnrollment in Florida
Plan F$223.20Pinellas57%
Plan G$196.40Lee14%
Plan N$147.95Polk10%
High Deductible G$77.10Brevard3%
Plan A$160.70Sarasota0.71%

What Is the Difference Between Medicare Advantage and a Medicare Supplement?

Medicare Advantage Plans (Part C) and Medicare Supplements (Medigap) are options to enhance your Original Medicare coverage, but they function differently. Medicare Advantage Plans are an alternative to Original Medicare, offering a bundled plan that includes Parts A, B, and D, often with added benefits like vision, hearing, and dental coverage.

These plans have a network of providers, may have lower premiums but higher out-of-pocket costs, and require referrals for specialists.

On the other hand, Medicare Supplements work in conjunction with Original Medicare, covering some or all out-of-pocket costs that Parts A and B do not cover. They offer nationwide coverage, with no need for referrals. However, they often have higher premiums and don’t usually include Part D or additional benefits.

Choosing between the two depends on the individual’s health needs, budget, and preferred style of care.

Does Age Affect Medigap Prices in Florida?

In Florida, the price of a Medigap plan is determined based on an issue-age structure, which sets it apart from other states that use community-rated or attained-age factors to calculate premiums.

Issue-aged pricing means that the cost of your Medigap plan in Florida is based on your age when you buy it. The younger you are, the less you’ll pay for your premium, which will not increase over time due to your age. This way, you can secure affordable coverage that remains stable over time.

  • Thoughts to Consider:
    • If you decide to switch to a different insurance provider, the pricing will be determined based on your age at the time of the new application.
    • Factors such as the specific benefits of the policy, your health status, and whether you smoke can also impact the price of a Medigap policy.
    • Medigap providers can adjust premiums based on inflation, claims experience, and changes to Medicare benefits.

Final Verdict

After years in the industry and helping countless people find coverage, we have come to love both Florida Blue (Blue Cross and Blue Shield) and Mutual of Omaha above the rest. Our clients who choose them often stay with them for a long time because they are simply that good.

Regarding value and enrollment speed, these companies can’t be beaten. They also have an excellent track record for paying claims quickly.

Frequently Asked Questions

Ready to Learn More?

Choosing the right Medicare plan is a big decision that deserves careful thought. That’s where Policy Guide comes in. Our team of skilled agents will help you evaluate different health plans and quotes, ensuring you make an informed choice that’s perfect for you. We’ll be there every step of the way, ensuring your plan fits your needs like a glove. Let us guide you through this process and find the best plan together.

Article Sources:  FL Shine Program  Mutual of Omaha |  Medigap CostsCompare Medigap |  Florida Blue |  FL AHIP

Mark Prip

Since 2003, Mark Prip has been leading  Policy Guide, Inc., providing knowledgeable information about Medicare, life insurance, and dental coverage to clients in over forty states. With his unparalleled hands-on experience aiding countless Medicare beneficiaries in selecting an appropriate health plan, he is a prime example amongst other competitors for expertise and assistance. Mark has held his Florida Health & Life Insurance License (E051889) since 2003. View his license profile on the Florida Department of Insurance website.