If you’ve been told “Medigap is expensive,” you’ve been told a half-truth.
Medigap premiums in the United States span a range that dwarfs most insurance categories. Two 65-year-olds, on the same letter plan, in the same state, can pay premiums that differ by two or three times depending on which insurer they pick and how that insurer prices Medigap. That spread isn’t a quirk. It’s the central feature of how this market works — and the reason most adult children helping a parent shop for Medigap leave a lot of money on the table without realizing it.
This post is the version of the conversation you’d have with someone who’d already shopped Medigap for two parents and a stepparent. What Medigap actually is. The pricing structures that drive premium variation. What the average premium really tells you. And how to shop in a way that keeps your parent’s premium reasonable for the long haul.
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