Press Release 2005-03 Comparison Shopping for Medigap Insurance Made Easier 2005 Premium Comparison Now Available
Media Contact: Erin Klug Public Information Officer (602) 912-8456
For Immediate Release February 23, 2005
The Arizona Department of Insurance (ADOI) 2005 version of its popular consumer
publication, the Medicare Supplement (“Medigap”) Insurance Premium
Comparison, is now available in print and on-line at the Department's website,
www.id.state.az.us. Medigap insurance provides additional healthcare coverage
and helps fill in the gap on healthcare costs that traditional Medicare does not
The ADOI developed the Medicare Supplement Premium Comparison to help
consumers comparison shop for Medigap insurance products.
About 72% of Arizona's approximately 728,885 Medicare beneficiaries participate
in traditional "fee for service" Medicare, either through choice or because a
Medicare Advantage HMO program is not available in their area.
“The premiums quoted in this publication indicate the cost for Medigap coverage
has increased and the wide range in premiums and services make it worthwhile for
consumers to shop around." said Director of Insurance, Christina Urias. "This
publication helps shoppers make informed decisions by comparing Medigap
products and prices.”
The following chart illustrates the range in monthly premium for the three most
|Age||Plan B||Plan C||Plan F|
|65||$87 to $239||$99 to $357||$100 to $298|
|70||$108 to $269||$127 to $396||$127 to $374|
|75||$120 to $315||$146 to $415||$149 to $424|
|80||$130 to $377||$146 to $462||$149 to $455|
47 insurers offer Medigap coverage in Arizona. There are currently 10 different
plans available, A through J, but there will be 12 plans (A through L) in 2006.
While price is an important consideration, consumers should also consider an
insurer's financial stability, benefits and service. Comparison shopping can result
in considerable cost savings, and can also help consumers get a policy with
suitable benefits from a company with the most appropriate services for their
needs. For instance, some insurers, but not all, offer automated claims
processing, 24-hour customer service, on-line Internet services, and toll-free phone
How the Department Compiled Premium Comparison Information
To compile the data for the premium comparison publication, ADOI surveyed
Medigap insurers, requesting monthly premium quotes for various Medigap
products for a healthy, non-smoking hypothetical applicant at ages 65, 70, 75 and
80. Insurers provided quotes for seven different counties: Cochise, Maricopa,
Mohave, Pima, Pinal, Yavapai and Yuma.
Other Medicare Supplement Resources
Consumers should use the ADOI’s Medicare Supplement Premium Comparison
in conjunction with another government publication, “Choosing a Medigap Policy: A
Guide To Health Insurance For People With Medicare“ (published by the U.S.
Department of Health and Human Services) which provides a detailed description
of the benefits under each of the 10 standardized Medigap plans. Whether a first
time Medigap shopper, or long time policy owner, it is important to know your
options before you make your purchase.
Another invaluable resource for Medigap shoppers is the Arizona State Health
Insurance Assistance Program (SHIP). SHIP offers free counseling on Medicare,
Medicare Supplement insurance and related insurance products. Consumers can
call toll free (800) 432-4040, or email requests to [email protected].
To obtain a free copy of the Medicare Supplement Premium Comparison and
the “Choosing a Medigap Policy: A Guide To Health Insurance For People With
Medicare“, consumers can contact the Department of Insurance by:
Calling toll free 1-800-325-2548 (outside Maricopa), or 602-912-8444 in Phoenix,
Sending an email request to [email protected],
Visiting our web site at www.id.state.az.us,
Writing to or coming by the Department of Insurance at 2910 N. 44th Street, 2nd
Floor, Phoenix, AZ 85018.