Medicare beneficiaries in Florida have the same Medicare Supplement and plan choices as seniors in most states. However, because Medicare Supplement plans in Florida are priced “as issued” instead of by age, they are significantly more expensive than most other states. This throws the pricing metric off so that plans that are the best value in other states are a poor value in Florida. It’s also why only 30% of people in Florida turning 65 choose Medicare Advantage plans, a slightly higher percentage than the national average. In this article, we show some tips and tricks for How Florida residents save on Medicare Supplement insurance plans.
No matter where you live in Florida, there are three main Medicare Supplement plans that you should consider. For each plan, the prudent consumer will compare the plan features as well as prices. Those plans are Medicare Supplement Plan F, Medicare Supplement Plan N and Medicare Supplement Plan F-HD (high deductible).