Medicare

2021 Top 5 Most and Least Affordable States to Reside in for Medicare Costs

By December 17, 2020 No Comments
2021 Top 5 Most and Least Affordable States to Reside in for Medicare Costs

2021 looks to be a banner year for those in retirement in terms of Medicare costs as, for the majority of states, on a per state average premiums for Part D plans and Supplemental (Medigap) Plan G policies have remained flat from 2020.

The top 5 most and least expensive states to reside in for a couple in 2021 are:

The top 5 states that have seen largest decrease and increase in costs from 2020 are:

With the cost of Medicare coverage projected to exceed over $531,000 for a 65-year-old retired couple throughout age 90 on a national average 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 a portion of these costs are based on income.

Your greatest asset is your health, the time to speak to a financial professional is today.

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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