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What Do New Jersey Seniors Pay For Medicare Supplement Insurance?
From:
American Association for Long-Term Care Insurance American Association for Long-Term Care Insurance
Los Angeles , CA
Thursday, July 16, 2020


Medicare insurance agents new jersey
 

How much do New Jersey seniors turning 65 pay for their Medicare supplement insurance? According to the American Association for Medicare Supplement Insurance virtually identical coverage can come with a $575 higher price tag.

"One Medicare insurance company charges $127 monthly for a woman turning 65 while another charges $176 for basically identical coverage," shares Jesse Slome, director of the Association.  "In New Jersey added fees vary and available discounts also vary.  You might find a five percent household discount or one as high as 14 percent."

The Association's 2020 Medicare Price Index reports the lowest and highest Medicare Supplement insurance rates for Plan G.  "Plan G is the most popular Medigap choice among seniors turning 65," Slome explains.  "We urge consumers to compare their Medicare supplement insurance options.  You might be making a decision that you cannot easily change down the road."

"Each of the individual insurance companies establish pricing for New Jersey applicants," Slome explains.  "Beyond the savings opportunity, Medicare insurance can be complicated especially when you are new to the plan.  Working with a knowledgeable local Medicare insurance advisor or agent can be very helpful."

New Jersey Medigap Plan G 2020 Price Index Findings

BERGEN COUNTY  (Zip 07607)

FEMALE age 65, Plan G


Lowest monthly premium: $127.58

Highest monthly premium:  $175.80

MALE age 65, Plan G

Lowest monthly premium: $135.35

Highest monthly premium:  $202.17

HUNTERDON COUNTY  (Zip 08801)

FEMALE age 65, Plan G


Lowest monthly premium: $127.58

Highest monthly premium:  $175.80

MALE age 65, Plan G

Lowest monthly premium: $135.35

Highest monthly premium:  $202.17

MORRIS COUNTY  (Zip 30906)

FEMALE age 65, Plan G


Lowest monthly premium: $127.58

Highest monthly premium:  $175.80

MALE age 65, Plan G

Lowest monthly premium: $135.35

Highest monthly premium:  $202.17

SOMMERSET COUNTY  (Zip 08844)

FEMALE age 65, Plan G


Lowest monthly premium: $127.58

Highest monthly premium:  $175.80

MALE age 65, Plan G

Lowest monthly premium: $135.35

Highest monthly premium:  $202.17

The American Association for Medicare Supplement Insurance provides an online directory to find New Jersey Medicare insurance agents.  "The nation's largest listing of Medicare insurance advisors is free to use and completely private," Slome adds.

The American Association for Medicare Supplement Insurance (AAMSI) is an advocacy and informational organization.  AAMSI supports insurance professionals who market Medicare Supplement insurance.

 

Jesse Slome is director of the American Association for Critical Illness Insurance.  He also directs the American Association for Long-Term Care Insurance.  Visit their website to get long-term care insurance quotes.  To find local Medicare insurance agents visit the American Association for Medicare Supplement website.

News Media Interview Contact
Name: Jesse Slome
Title: Executive Director
Group: American Association for Long-Term Care Insurance
Dateline: Westlake Village, CA United States
Direct Phone: 818-597-3227
Main Phone: 818-597-3227
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