Community Rated Medigap Pricing
How it's priced
Generally the same premium is charged to everyone who has the Medigap policy regardless of age or gender.
What this pricing may mean for you
There is one premium for everyone living in your area regardless of age or gender; however, discounts may be applied based on your age.
Premiums may go up because of inflation, or because your discount decreases as you age.
Examples
Mr. Smith is 65. He buys a Medigap policy and pays a $125 monthly premium; this is his premium after he receives a discount based on his age (the community-rated price for those who don't qualify for a discount is $195).
Mrs. Perez is 72, and she buys the same Medigap policy as Mr. Smith. She pays a $166 monthly premium. This is her premium after she receives a discount based on her age (the community-rated price for those who don't qualify for a discount is $195).
Note: The amounts in this example aren't actual costs. Other factors like where you live, medical underwriting, and discounts can also affect your premium amount.