MedicareRetirement

2020 Most and Least Affordable States to Reside in for Medicare Costs

By January 11, 2020 June 30th, 2020 No Comments

In retirement, when it comes to health coverage there is only Medicare. In order to be considered fully insured under Original Medicare (Part A and B) one must also enroll into Part D (medications) and obtain a Medigap Plan, with a Plan G policy being the most robust for new enrollees.

Here is a breakdown of the most and least affordable states to reside in in terms of Original Medicare that includes a Part D Drug Plan and a Medigap Plan G (Supplemental) policy:

With the cost of Medicare coverage reaching over $405,000.00 this year for a 65 year-old retired couple throughout retirement any measure in cutting expense should be considered.

It is strongly recommended that before selecting any Medicare option you meet with a health insurance professional as well as a financial professional as Medicare is tied to income through IRMAA.

Your greatest asset is your health, shouldn’t you plan for it?

Dan McGrath

Dan McGrath

Mr. McGrath is a Co-Founder of Healthcare Retirement Planner as well as Jester Financial Technologies. He is a best selling author, "What you don't know about retirement will hurt you" and is a nationally recognized speaker on how health costs impact retirement.

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