Did you know that seniors in Florida can expect to pay about 50% more for their Medicare insurance than their neighbors to the north? It is true, Floridians pay significantly more for Medicare supplemental policies and the reason for it is the amount of people in South Florida that are on Medicare advantage plans. What happens here is when you have a group of people on fl medicare advantage plans, you don’t have any fresh blood coming into the Medicare supplemental policies. That is why the rates are double for a Medigap policy versus a Medicare damage plan even from the same company.

If you are a senior in Florida who cannot afford the high premiums of the Medicare supplemental policy, in addition to the rates for a part D drug plan consider a Medicare advantage health plan. You still have all of the benefits of original Medicare; a Medicare advantage policy does not replace your Medicare benefits at all. It simply adds to what you already have.

Insurance carriers in Florida that offer Medicare advantage programs are paid by the US government to administer your healthcare benefits if you are on Medicare or Medicaid. That is how they make money with this kind of program.