Best Medicare Supplement Plans in Florida 2024
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
There are 2.3 million Floridians with Original Medicare, and they have many options for Medicare Supplement Insurance. We reviewed pricing, complaint rates and more to find the best companies that sell Medigap plans in Florida — five of them were among our highest scorers.
Floridians with Medicare Part A and Part B can purchase Medicare Supplement Insurance, or Medigap, to help cover certain out-of-pocket expenses like copays, coinsurance and deductibles left over after Medicare pays for covered services. Over 930,000 Floridians had Medigap coverage as of the end of 2022.
Here’s what you need to know about finding the best Medigap policy for you in Florida.
Why trust NerdWallet
Compare the best Medicare Supplement plans in Florida
Top-rated Medicare Supplement plans in Florida
The federal government doesn’t calculate official star ratings for Medicare Supplement Insurance, so NerdWallet developed our own data-driven ratings. Below are companies in Florida that scored best on NerdWallet’s 2024 Medigap rubric. (See our ratings methodology for more on how we evaluate Medicare Supplement Insurance companies.)
5-star plans (NerdWallet rating)
4.5-star plans (NerdWallet rating)
4-star plans (NerdWallet rating)
Medicare Supplement Insurance prices in Florida
Here are prices for Medigap Plan G and Plan N, the most popular plans available for new Medicare members, from the companies in Florida that scored 4 stars or better on NerdWallet’s Medigap rubric.
The table below shows price estimates for a 65-year-old female nonsmoker in Jacksonville, Florida, as filed with the Centers for Medicare & Medicaid Services. (Note: Some Medigap prices may be higher for males.)
Insurance company | Plan G monthly premiums | Plan N monthly premiums |
|---|---|---|
Mutual of Omaha | $192. | $140. |
State Farm | $192. | $147. |
AARP/UnitedHealthcare | $212. | $181. |
Lumico Life Insurance Company | $214. | $169. |
Cigna | $241. | $179. |
For reference, here are the lowest premiums available from any company for the two plans in Jacksonville, according to the Medicare plan finding tool:
Medigap Plan G: $182 per month.
Medigap Plan N: $139 per month.
From our Nerds: Who offers the best Medicare Supplement plans in Florida?
"Five Medicare Supplement Insurance companies in Florida scored at least 4 out of 5 stars on NerdWallet’s 2024 Medigap rubric: AARP/UnitedHealthcare, Cigna, Lumico, Mutual of Omaha and State Farm. That’s based on our analysis of companies’ pricing, complaint rates, online quote availability and more."
Note: We can’t review every Medigap company, and a company not among our top rankings might be a great fit for you. It’s a good idea to do your research, compare multiple quotes and consider working with a licensed insurance agent for more personalized recommendations.
— Alex Rosenberg, lead writer covering Medicare
Largest Medicare Supplement Insurance companies in Florida
Medigap plans are regulated by the government, but they’re sold by private insurance companies. Here are Florida’s five most popular Medicare Supplement Insurance companies as of the end of 2022:
Insurance company | Share of Florida Medigap members |
|---|---|
53.5%. | |
2. Florida Blue* | 17.9%. |
11.6%. | |
4. Bankers Life | 4.5%. |
5. Humana | 1.4%. |
*Florida Blue is an independent Blue Cross Blue Shield company. | |
Most popular Medicare Supplement Insurance plan types in Florida
There are 10 standard Medigap plan types available in Florida (Plan C and Plan F aren’t available for new Medicare members), but enrollment is concentrated in just a handful of plans. The three most popular plan types cover more than 83% of Florida’s Medigap members.
These are Florida’s three most popular Medicare Supplement Insurance plan types:
54% have Medigap Plan F — the most comprehensive coverage of any Medigap plan.
19% have Medigap Plan G — the highest-coverage option available to new Medicare members.
10% have Medigap Plan N — a plan with lower premiums but higher copays.
Medigap Plan F isn’t available to Medicare beneficiaries who became eligible for Medicare on or after Jan. 1, 2020. Medigap Plan G is the most similar option that’s available to all Medicare beneficiaries.
Medicare resources in Florida
State Health Insurance Assistance Program, or SHIP: Florida’s Serving Health Insurance Needs of Elders program, or SHINE, is its State Health Insurance Assistance Program. SHINE provides free information and counseling about Medicare options, processes and costs.
Florida Office of Insurance Regulation: Maintains public databases of Medicare Supplement Insurance rates and other health care and insurance data.
Florida Department of Financial Services: Provides insurance information for consumers and handles insurance-related complaints.
Find the right Medicare Supplement Insurance plan
Because Medigap plans are standardized, you can get precisely the same Medicare benefits from any company offering the plan. So when you shop, keep these considerations in mind to find the best policy to fit your needs:
Is your preferred plan available? Health insurance companies don’t always sell every plan, so check who sells the plan you want to buy in your area.
What are the premiums? Prices for the same plan can vary between companies, so check to find the most competitive rates.
Will your premiums change over time? Most policies cost more as you age, but some companies offer policies that let you lock in a price when you sign up.
Are there extras? Medigap plans’ core benefits are standardized, but in certain cases, some companies include such perks as discount programs or gym memberships.
Looking for more insurance in Florida? Check out these resources:
Medicare Supplement Insurance ratings methodology
NerdWallet’s Medicare Supplement Insurance (Medigap) ratings are based on pricing, discounts, plan types offered, complaint data from the National Association of Insurance Commissioners, consumer experience, additional perks and benefits, and more. To calculate each health insurance company's rating, we adjusted the scores to a curved 5-point scale, rounded to the nearest half star.
NerdWallet reviewed 15 Medicare Supplement Insurance companies based on highest enrollment and greatest online search volume. At the national level, our scored reviews include companies covering about two-thirds of all Medigap beneficiaries. At the state level, our research includes at least one of the two largest Medigap insurance companies in 48 of the 50 states, plus Washington, D.C.
These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best coverage and rate for you. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines and full ratings methodology for Medicare Supplement Insurance.
Insurer complaints methodology
We examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, we calculated a similar index for each insurance company, weighted by market shares of each subsidiary. We score companies based on this index of how many complaints the company receives relative to its market share. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
This roundup includes only insurance companies that sell Medicare Supplement Insurance in Florida.
