State Analysis 2024

Medicare Supplement Rates
By State Comparison

Why identical Medicare Supplement plans can cost 2-3x more in different states, and what factors drive these dramatic pricing differences.

Location Makes a Huge Difference

The same Plan G from the same insurance company can cost $120/month in Iowa and $350/month in New York - nearly 3x more for identical coverage.

This happens because Medicare Supplement insurance is regulated at the state level, creating dramatically different pricing environments across state lines.

📍 Understanding these differences can save you hundreds or even thousands annually.

State Pricing Tiers: Plan G Examples

Typical Plan G rates for a 65-year-old non-smoker. Actual rates vary by carrier and specific location within each state.

Low-Cost States

$120-180/mo

Plan G Range

Example States:

Iowa

~$125

Nebraska

~$135

Wisconsin

~$145

Indiana

~$155

Alabama

~$165

Arkansas

~$175

Medium-Cost States

$180-250/mo

Plan G Range

Example States:

Texas

~$195

Georgia

~$205

Virginia

~$215

Colorado

~$225

Arizona

~$235

Michigan

~$245

High-Cost States

$250-400/mo

Plan G Range

Example States:

California

~$265

Florida

~$285

New Jersey

~$315

New York

~$340

Connecticut

~$365

Alaska

~$385

The Price Difference

A retiree in Iowa pays about $1,500 annually for Plan G, while someone in Connecticut pays $4,380 for identical coverage - a difference of $2,880 per year or $240 per month.

Why Rates Vary So Dramatically

State Regulations

Rating Method Requirements

Some states require community rating (same price for everyone), others allow attained-age or issue-age rating, creating different pricing structures.

Rate Review Processes

States with stricter rate review may have lower increases but higher starting prices. Others allow market-based pricing with more volatility.

Plan Availability Rules

Some states (MA, MN, WI) have unique plan structures that replace standard Medigap plans, affecting pricing and options.

Market Factors

Claims Experience

States with higher medical costs, more specialists, or sicker populations see higher Medigap premiums to cover increased claims.

Competition Levels

States with more insurance companies competing typically have lower rates. Rural states may have fewer options and higher prices.

Population Demographics

States with larger populations of healthy retirees (like Florida) may have different risk pools than states with aging industrial populations.

Special State Programs

MA

Massachusetts

Unique Plans

Core plan plus Supplement 1 instead of standard A-N plans. Community-rated pricing statewide.

Rate Impact

Generally higher premiums but predictable increases. No age-based rating allowed.

MN

Minnesota

State-Specific Plans

Basic, Extended Basic, and other unique plan designs. Community rating required.

Pricing

Moderate rates with stable increases. Limited plan options but comprehensive coverage.

WI

Wisconsin

Base + Riders

Base plan plus optional riders for additional coverage. Community rating structure.

Cost Advantage

Among the lowest Medigap costs nationally. Simple, affordable structure.

Regional Cost Patterns

Lowest-Cost Regions

Midwest Rural States

Iowa, Nebraska, Kansas, North Dakota

  • • Lower medical costs
  • • Stable populations
  • • Less regulation
  • • Strong competition

Southern States

Alabama, Arkansas, Mississippi, South Carolina

  • • Lower cost of living
  • • Competitive markets
  • • Age-based rating allowed

Highest-Cost Regions

Northeast Corridor

New York, New Jersey, Connecticut, Massachusetts

  • • High medical costs
  • • Strict regulations
  • • Community rating requirements
  • • High cost of living

High-Population States

California, Florida (varies by region)

  • • High claim frequency
  • • Expensive medical care
  • • Regulatory complexity

What Happens When You Move

Good News

Your Coverage Travels

Existing Medigap Plans

Your current Medigap plan works nationwide. You can keep your existing coverage when you move to any state.

Rate Adjustments

Most insurers will adjust your rate to match the new state's pricing structure. Often happens automatically.

Same Plan Availability

Standard plans (G, N, etc.) are available nationwide. Your Plan G in Florida works the same as Plan G in Texas.

Things to Consider

Potential Issues

Rate Changes

Moving to a high-cost state means higher premiums. Moving to a low-cost state usually means savings.

Carrier Availability

Your current insurer may not sell policies in your new state, requiring a plan change with medical underwriting.

Special State Rules

Moving to MA, MN, or WI means different plan structures. Some states provide guaranteed issue rights for new residents.

Pro Tip for Movers

Before moving, check if your new state offers guaranteed issue rights for new residents. Some states provide a window to change plans without underwriting when you relocate.

Find Your State's Best Rates

Since Medicare Supplement rates vary dramatically by location, it's essential to compare actual rates from multiple carriers in your specific area, not just generic national averages.

What to Compare:

  • • Plan G vs Plan N rates in your ZIP code
  • • Multiple carriers for the same plan
  • • Different rating methods (attained age vs community)
  • • Rate increase history by company

State-Specific Factors:

  • • Available carriers and plan options
  • • State regulations affecting pricing
  • • Special enrollment rights in your state
  • • Regional rate variations within the state

Related Articles

Plan G vs Plan N Cost Analysis

Detailed cost comparison using official government data.

When Companies Can Deny Coverage

Understanding guaranteed issue rights and medical underwriting by state.

Medicare Enrollment Periods Guide

Critical differences between Medicare Supplement and Annual Open Enrollment.