Best Medicare Supplement Plans in Florida 2024
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Florida has more than 5 million Medicare beneficiaries — it’s second only to California for total Medicare members. Of those, about 2.3 million have Original Medicare (Part A and Part B).
Floridians with Medicare Part A and Part B can purchase Medicare Supplement Insurance, or Medigap, to help cover certain out-of-pocket expenses like copays, coinsurance and deductibles left over after Medicare pays for covered services. Over 930,000 Floridians had Medigap coverage as of the end of 2022.
Here’s what you need to know about finding the best Medigap policy for you in Florida.
Compare Medicare Supplement plans in Florida
Insurance company | Plan types offered | NAIC complaint rate | Premium discounts available | Learn more |
|---|---|---|---|---|
Best for Medigap plan options  UnitedHealthcare | A, B, C, F, G, K, L and N. | Far fewer than expected | Average | GET A QUOTE from askchapter.org |
Best for member satisfaction  State Farm | A, C, D, F, G and N. | Far fewer than expected | Below average | GET A QUOTE from askchapter.org |
Best for premium discounts  Mutual of Omaha | A, F, G and N. | Far fewer than expected | Above average | GET A QUOTE from askchapter.org |
Best for nationwide availability  Blue Cross Blue Shield | A, B, C, D, F, G, K, L, M and N. | Close to expected | Average | GET A QUOTE from askchapter.org |
Most popular Medicare Supplement Insurance plan types in Florida
There are 10 standard Medigap plan types available in Florida (Plan C and Plan F aren’t available for new Medicare members), but enrollment is concentrated in just a handful of plans. The three most popular plan types cover more than 81% of Florida’s Medigap members.
These are Florida’s three most popular Medicare Supplement Insurance plan types:
57% have Medigap Plan F — the most comprehensive coverage of any Medigap plan.
15% have Medigap Plan G — the highest-coverage option available to new Medicare members.
10% have Medigap Plan N — a plan with lower premiums but higher copays.
Medigap Plan F isn’t available to Medicare beneficiaries who became eligible for Medicare on or after Jan. 1, 2020. Medigap Plan G is the most similar option that’s available to all Medicare beneficiaries.
Top Medicare Supplement Insurance companies in Florida
Medigap plans are regulated by the government, but they’re sold by private insurance companies. Here are Florida’s five most popular Medicare Supplement Insurance companies as of the end of 2022:
Insurance company | Share of Florida Medigap members |
|---|---|
53.5%. | |
2. Florida Blue* | 17.9%. |
3. United American Insurance Company | 11.6%. |
4. Bankers Life | 4.5%. |
5. Humana | 1.4%. |
*Florida Blue is an independent Blue Cross Blue Shield company. | |
Medicare Supplement Insurance prices in Florida
It’s worth comparing companies to find the lowest price for your chosen plan. The benefits of each Medigap plan are standardized, so you get the same Medicare benefits regardless of the company you choose.
Here are prices for Medigap Plan G and Plan N, the most popular plans available for new Medicare members, from the five Medigap companies with the most members in Florida.
The table below shows price estimates for a 65-year-old female nonsmoker in Jacksonville, Florida, as filed with the Centers for Medicare & Medicaid Services. (Note: Some Medigap prices may be higher for males.)
Insurance company | Plan G monthly premiums | Plan N monthly premiums |
|---|---|---|
AARP/UnitedHealthcare | $194. | $166. |
Bankers Life | $198. | $154. |
Humana | $212. | $159. |
Florida Blue | $214. | $177. |
United American Insurance Company | $224. | $151. |
For reference, here are the lowest premiums available from any company for the two plans in Florida, according to the Medicare plan finding tool:
Medigap Plan G: $177 per month.
Medigap Plan N: $132 per month.
Medicare resources in Florida
State Health Insurance Assistance Program, or SHIP: Florida’s Serving Health Insurance Needs of Elders program, or SHINE, is its State Health Insurance Assistance Program. SHINE provides free information and counseling about Medicare options, processes and costs.
Florida Office of Insurance Regulation: Maintains public databases of Medicare Supplement Insurance rates and other health care and insurance data.
Florida Department of Financial Services: Provides insurance information for consumers and handles insurance-related complaints.
Medicare Supplement Insurance providers
Get more information about some of the major health insurance companies that sell Medigap plans.
Compare Medicare Supplement Insurance companies |
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Find the right Medicare Supplement Insurance plan
Because Medigap plans are standardized, you can get precisely the same Medicare benefits from any company offering the plan. So when you shop, keep these considerations in mind to find the best policy to fit your needs:
Is your preferred plan available? Health insurance companies don’t always sell every plan, so check who sells the plan you want to buy in your area.
What are the premiums? Prices for the same plan can vary between companies, so check to find the most competitive rates.
Will your premiums change over time? Most policies cost more as you age, but some companies offer policies that let you lock in a price when you sign up.
Are there extras? Medigap plans’ core benefits are standardized, but in certain cases, some companies include such perks as discount programs or gym memberships.
Looking for more insurance in Florida? Check out these resources:
Still deciding on the right carrier? Compare Medigap plans
