Florida Medicare Supplemental Plans

Original Medicare enrollees without retiree plans or other types of supplemental coverage often look into buying Medicare supplemental plans. These are better known in the industry as Medigap plans. They are called Medigaps because they are designed to fill in the gaps of Medicare. They essentially pay for many of the costs left over such as deductibles and co-insurances. There are several tiers to Medigaps, identified by letters A through L. Different plans are available by different companies in each area. To ensure what is available locally and at what price, enrollees should contact the plans directly for more information.

Plan A

• Plan A, offering the least benefits at the lowest price, is available from 27 companies in the state of Florida. Some of these companies include AARP, Humana, Blue Cross Blue Shield of Florida and United American Health Insurance Company. Medicare estimates plan A to cost a 65 to 69 year old in good health approximately $5,950 annually as of 2010.

Plan B

• Plan B is slighty more expensive than plan A with one additional benefit—coverage during the Part A deductible. 19 companies in Florida offer plan B, including American Pioneer Life Insurance Company, Genworth Life & Annuity Insurance Company and State Mutual Insurance Co. In 2010, Medicare estimated plan B to cost a 65 to 69 year old in good health approximately $6,050 annually.

Plan C

• Medicare Interactive cites plan C as one of the most popular Medigap plans available. 19 companies in Florida sell plan C, including United Healthcare Insurance Company, American Pioneer Life Insurance Company and Continental General Insurance Company. In 2010, a Medicare beneficiary between 65 and 69 years old in good health should expect to pay about $6,200 annually.

Plan D

• Plan D is also offered by 19 companies in the state of Florida, including Royal Neighbors of America, Shenandoah Life Insurance Company and Transamerica Life Insurance Company. Medicare estimates that people between 65 and 69 years old in good health should expect to pay around $6,150 annually for plan D as of 2010.

Plan F

• Like plan C, plan F is another popular Medigap plan with 27 companies offering the benefit in the state of Florida. These companies include Marquette National Life Insurance, Mennonite Mutual Aid Association and Mutual of Omaha Insurance Company. Medicare's plan finder tool reports that on average, a 65 to 69 year old can expect plan F to cost about $6,200 each year as of 2010. Additionally, four companies offer a high-deductible plan F that costs about $5,900 annually in 2010. These companies include American Pioneer Life Insurance Company, Bankers Life & Casualty Insurance Co., Genworth Life & Annuity Insurance Company and Humana Health Insurance Company of Florida.

Plan G

• Plan G is only offered by 18 companies in the state of Florida, including AARP HealthCare Options, Pyramid Life Insurance Company and Woodman of the World. As of 2010, Medicare reported that a 65 to 69 year old in good health may expect to pay approximately $6,200 each year on plan G.

Plans K and L

• Plans K and L are the least available Medigap plans in the state of Florida. They are both only offered by two companies: AARP HealthCare Options and Humana Health Insurance Company of Florida. An individual between 65 and 69 years old in good health may expect to pay approximately $5,650 per year in plan K and $5,900 a year in plan L as reported by Medicare in 2010.