2024 Medicare Plan G Prices in Texas Compared to Other Places
As Americans age in Texas into Medicare eligibility, understanding the intricacies of Medicare supplement plans becomes crucial. Among these, Plan G stands out for its comprehensive coverage, second only to Plan F, which is no longer available to those newly eligible for Medicare. Plan G covers the Part A deductible and 20% coinsurance for Part B services, among other benefits, making it a sought-after option for seniors seeking peace of mind in their healthcare coverage.
Even though it is the same coverage being offered - whether you are in Texas or any other state, the cost of Plan G varies significantly by location. The table below displays the lowest and highest monthly premiums for Plan G across ten major metropolitan areas as of February 1, 2024. It is always best to talk to a local Medicare licensed insurance agent near you when selecting your health insurance plan as a senior. This analysis reveals the stark differences in costs based on geography and gender at the age of 65 for non-tobacco users.
Geographic Variations in Plan G Prices
The following table provides a snapshot of the monthly premiums for Plan G, showcasing both the lowest and highest rates across various cities:
City |
Sex |
Lowest Monthly Premium |
Highest Monthly Premium |
|---|---|---|---|
| New York (Zip 10012) | Male | $306.00 | $526.85 |
| New York (Zip 10012) | Female | $306.00 | $526.85 |
| Los Angeles (Zip 90001) | Male | $154.96 | $258.48 |
| Los Angeles (Zip 90001) | Female | $154.96 | $258.48 |
| Chicago (Zip 60601) | Male | $114.17 | $270.76 |
| Chicago (Zip 60601) | Female | $116.30 | $235.04 |
| Washington DC (Zip 20005) | Male | $128.35 | $253.00 |
| Washington DC (Zip 20005) | Female | $111.16 | $220.00 |
| Houston (Zip 77001) | Male | $131.81 | $279.57 |
| Houston (Zip 77001) | Female | $116.67 | $254.11 |
| Dallas (Zip 75001) | Male | $117.88 | $256.66 |
| Dallas (Zip 75001) | Female | $104.34 | $223.18 |
| San Francisco (Zip 94105) | Male | $133.00 | $220.75 |
| San Francisco (Zip 94105) | Female | $133.00 | $220.75 |
| Philadelphia (Zip 19050) | Male | $134.77 | $270.82 |
| Philadelphia (Zip 19050) | Female | $119.30 | $245.04 |
| Phoenix (Zip 85033) | Male | $110.14 | $458.94 |
| Phoenix (Zip 85033) | Female | $99.64 | $406.51 |
| Atlanta (Zip 30313) | Male | $134.30 | $361.44 |
| Atlanta (Zip 30313) | Female | $118.90 | $320.73 |
Key Takeaways
- Geographic Disparity: Prices for Plan G vary widely from city to city. For instance, New York City and Los Angeles show significant differences in both the lowest and highest premiums.
- Gender Pricing: In some cities, premiums will differ between males and females, reflecting the insurance industry's risk assessment models.
Factors Influencing Medicare Supplement Plan G Pricing
Several factors contribute to these geographical differences in Plan G premiums, despite the fact that it is the same coverage being offered and that Medicare is a national program.
- Cost of Living and Healthcare Expenses: Areas with higher living and healthcare costs generally see higher premiums.
- State Regulations: State-specific insurance regulations can affect how premiums are set.
- Competition among Providers: Markets with more competition might offer lower premiums due to the competitive pressure on insurance providers.
Final Thoughts
Understanding the pricing landscape for Medicare Plan G is crucial for seniors in Texas making an informed decision that aligns with their healthcare needs and financial situation. The table provided above reveals a complex picture, where location, gender, and other factors play significant roles in determining premiums.
As you consider your options for Medicare supplement insurance, keep these variations in mind. Consulting with a local Texas Medicare advisor can also help navigate these choices, ensuring you find a plan that offers both the coverage and value you seek.
Jeaneta Temple
Licensed Texas Medicare Agent
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At MediBroker, we are dedicated to providing comprehensive Medicare solutions tailored to meet the unique needs of our clients. We are excited to introduce this part of Temple Financial, which brings a wealth of experience and expertise to our team.
Jeaneta our founder and CEO specializes in Medicare services across Alabama, Arkansas, and Tennessee. Her extensive knowledge of the Medicare landscape, combined with her commitment to exceptional customer service, ensures that clients receive the best possible guidance and support in navigating their Medicare options.
We are confident in our ability to offer a range of supplemental services through our partnership with starred carriers nationally and locally, enhancing the benefits available to Medicare recipients. Our dedication to helping individuals understand and maximize their Medicare benefits makes us an invaluable resource for the agency and clients alike.
For personalized Medicare support and to explore the additional services we offer, please reach out to Jeaneta. Together, we are committed to providing the highest level of care and expertise to Medicare recipients in Alabama, Arkansas, and Tennessee.
