How much does Medicare Supplement Insurance plan F cost? This guide shows the average cost of Medigap Plan F by age and by state, as well as the average costs for other Medigap plans.
by Christian Worstell | Published August 13, 2024 | Reviewed by John Krahnert
Medicare Supplement Insurance (Medigap) Plan F offers the most benefits of any of the 10 standardized Medigap plans available in most states.
Some Medicare beneficiaries might assume that Plan F (sometimes mistakenly called Medicare Part F) is also the most expensive, but an examination of the average cost of Medigap plans reveals otherwise.
The average premium for Medicare Supplement Insurance Plan F in 2023 was roughly $186.49 per month, or $2,237.88 per year. 1 41% of Medicare Supplement beneficiaries have Plan F. 2
Here is how the average estimated premiums of Plan F compared with that of other Medicare Supplement Insurance plans in 2023.
| Plan | 2023 Average Monthly Premium | Annual Premium |
|---|---|---|
| A | $234.98 | $2,819.76 |
| B | $133.31 | $1,599.72 |
| C | $224.29 | $2,691.48 |
| D | $155.59 | $1,867.08 |
| F | $186.49 | $2,237.49 |
| High deductible F | $69.13 | $829.56 |
| G | $137.50 | $1,650 |
| J | $237.85 | $2,854.20 |
| N | $111.19 | $1,334.28 |
Based on our analysis, Medicare Supplement Insurance Plan F premiums in 2023 were lowest were lowest for beneficiaries at age 66 ($153.29 per month) and highest for beneficiaries at age 97 ($480.33 per month).
Below is a chart that shows the average cost of Medicare Supplement Insurance Plan F by age.
| Age in years | Average monthly cost of Plan F | Average annual cost of Plan F |
|---|---|---|
| 65 | $157.16 | $1,885.89 |
| 66 | $153.29 | $1,839.45 |
| 67 | $155.34 | $1,864.07 |
| 68 | $154.89 | $1,858.68 |
| 69 | $157.55 | $1,890.59 |
| 70 | $164.48 | $1,973.79 |
| 71 | $162.70 | $1,952.40 |
| 72 | $173.63 | $2,083.62 |
| 73 | $175.18 | $2,102.11 |
| 74 | $188.05 | $2,256.59 |
| 75 | $191.36 | $2,296.35 |
| 76 | $193.36 | $2,320.34 |
| 77 | $194.71 | $2,336.53 |
| 78 | $211.88 | $2,542.53 |
| 79 | $213.96 | $2,567.56 |
| 80 | $217.36 | $2,608.34 |
| 81 | $228.39 | $2,740.65 |
| 82 | $235.36 | $2,824.34 |
| 83 | $243.23 | $2,918.73 |
| 84 | $257.57 | $3,090.82 |
| 85 | 242.23 | 2,906.73 |
It's important to note that each type of Medigap plan offers a different combination of standardized benefits. Plans with fewer benefits may offer lower premiums.
As you compare Medicare Supplement quotes, keep in mind that other factors such as age, gender, smoking status, health and where you live can also affect Medigap plan rates.
Medicare Supplement Insurance plan premiums could be more expensive for older beneficiaries for a few reasons, such as:
Your Medigap Open Enrollment Period (OEP) is a 6-month period that starts as soon as you are at least 65 years old and enrolled in Medicare Part B.
During your Medigap OEP, Medicare Supplement Insurance companies cannot use medical underwriting to determine your Medigap plan costs.
For example, an 82-year-old who enrolls in a community-rated Plan G will pay the same Medigap premiums as a 68-year-old beneficiary who has the same Plan G in the same market.
You will typically pay less for an issue-age-rated plan if you enroll in the plan when you're younger. Your premiums also won't increase based on your age.
Medigap premiums can increase over time due to inflation and other factors, regardless of the pricing model your insurance company uses. You can also take a look at our guide on the average cost of medicare supplement!
Location is another factor that can affect the cost of a Medigap plan, as market competition and the local cost-of-living can affect Medigap premiums.
The chart below shows the average cost of Medicare Supplement Insurance Plan F by state in 2023.
| State | Monthly Cost |
|---|---|
| Alabama | $184.39 |
| Alaska | $163.22 |
| Arizona | $197.29 |
| Arkansas | $159.45 |
| California | $222.84 |
| Colorado | $209.36 |
| Connecticut | N/A |
| Delaware | $210.70 |
| Florida | $253.61 |
| Georgia | $195.88 |
| Hawaii | N/A |
| Idaho | $217.94 |
| Illinois | $172.42 |
| Indiana | $184.05 |
| Iowa | $153.40 |
| Kansas | $177.74 |
| Kentucky | $183.39 |
| Louisiana | $173.33 |
| Maine | $102.95 |
| Maryland | $206.20 |
| Massachusetts | N/A |
| Michigan | $180.45 |
| Minnesota | $147.00 |
| Mississippi | $164.08 |
| Missouri | $280.26 |
| Montana | $159.33 |
| Nebraska | $186.62 |
| Nevada | $206.80 |
| New Hampshire | $201.88 |
| New Jersey | $228.04 |
| New Mexico | $148.79 |
| New York | $216.33 |
| North Carolina | $170.75 |
| North Dakota | $188.22 |
| Ohio | $176.77 |
| Oklahoma | $165.39 |
| Oregon | $235.07 |
| Pennsylvania | $188.59 |
| Rhode Island | $206.88 |
| South Carolina | $165.37 |
| South Dakota | $125.09 |
| Tennessee | $158.92 |
| Texas | $193.43 |
| Utah | $178.67 |
| Vermont | $176.58 |
| Virginia | $165.39 |
| Washington | $198.18 |
| West Virginia | $173.26 |
| Wisconsin | $161.42 |
| Wyoming | $170.10 |
Medicare Supplement Insurance Plan F is standardized by the federal government. This means that the 9 basic benefits of Plan F will be the same, no matter where you live or what Medicare Supplement Insurance company you buy it from.
Medicare Supplement Insurance is the only plan to provide coverage for each of the following 9 benefit areas.
Medicare Supplement Insurance Plan F also offers a high-deductible option (and is the only Medigap plan to do so).
The high deductible Plan F comes with an annual deductible of $2,700 in 2023. This means you must spend $2,700 out of pocket on covered services before the plan coverage kicks in.
In exchange for the higher deductible, the average premium for high-deductible Plan F was just $69.13 per month in 2023 ($830 per year), as noted in the first chart of this guide.
The average cost of Medicare Supplement Insurance Plan F can differ based on plan selection, insurance carrier, location, pricing model and more.
Starting on January 1, 2020, Plan F will no longer be available to new Medicare beneficiaries. However, if you already have Medicare, you can still enroll in Plan F if it's available in your area.
A licensed insurance agent can help you compare Medigap plan options available where you live so that you can find a plan that works for your health coverage and budget needs.
Christian Worstell is a licensed insurance agent and a Senior Staff Writer for MedicareSupplement.com. He is passionate about helping people navigate the complexities of Medicare and understand their coverage options.
His work has been featured in outlets such as Vox, MSN, and The Washington Post, and he is a frequent contributor to health care and finance blogs.
Christian is a graduate of Shippensburg University with a bachelor’s degree in journalism. He currently lives in Raleigh, NC.
Or call now to speak with a licensed insurance agent:
Internal sales data provided by TZ Insurance Solutions LLC, 2023. 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.
