Medigap helps you pay for healthcare costs that Original Medicare does not cover, like copayments, coinsurance, and deductibles, which can all add up fast. However, Medigap comes with a monthly premium, and when you see that price, it is natural to ask yourself if you are getting enough value for what you are paying.

Below, this Medicare Supplement agency in Knox, Indiana is going to explain all the key details seniors should know — from the costs and coverage to the potential savings that you can expect from Medigap.

The cost of Medigap plans in 2025

The cost of Medigap plans can be different for you depending on where you live, your age, your health, and the plan you choose.

For example, if you live in Knox, Indiana (ZIP Code 46534), your monthly premiums could be as low as $30 for a high-deductible Plan F or as high as $1,400 for Plan A. A more comprehensive plan like Plan G averages between $99 and $702 per month, and this covers almost all of your out-of-pocket costs except for the Medicare Part B deductible, which is $257 in 2025.

When you first see them, these monthly premiums can look very high. But when you consider how much money a single medical emergency or hospital stay could cost, the value becomes more obvious.

For example, if you are admitted to the hospital, the Medicare Part A deductible is $1,676 per hospital stay in 2025. Without a Medigap plan, you would need to pay this amount entirely out of your own pocket. And that is only one cost. Other services like skilled nursing care, lab tests, or outpatient treatments could increase your medical bills even more.

If you want an idea of what Medigap might cost you personally, you can use the Medicare Plan Finder or reach out to a local Medicare Supplement agency in Knox, Indiana. An experienced agency can explain the numbers and help you figure out what works best for your budget and healthcare needs.

Medigap helps you make your future financially secure.

The biggest benefit of having a Medigap plan is the sense of security and peace of mind you get with it. Medical expenses can be unpredictable, but with a Medigap plan, you can estimate how much you might have to pay for medical services out of your own pocket.

For example, some of the more comprehensive Medigap plans, like Plans F, G, and N, cover the cost of services like skilled nursing facility care, which is partially covered by Medicare but can quickly become very expensive without supplemental insurance. But if you want a more affordable option, you can choose a high-deductible plan like Plan G or Plan F. With these plans, you pay a smaller monthly premium while still getting access to comprehensive benefits after you have met the higher deductible threshold.

When deciding if you need Medigap, ask yourself how much financial risk you are willing to take. Healthcare costs tend to get higher as you get older, and even a single unexpected medical issue could cost thousands of dollars. A Medicare Supplement agency in Knox, Indiana can help you compare the different types of coverage to identify the best plan for you.

The long-term returns of getting a Medigap plan.

When we talk about the “return on investment” (ROI) of a Medigap plan, we are really looking at two things — how much money it can save you over time and how much peace of mind it brings you. Paying a monthly premium can feel like a big expense, but if you ever experience a major medical issue, those premiums could save you tens of thousands of dollars in out-of-pocket costs.

For example, if you choose Plan G, your premium might range from $99 to $702 per month or up to $1,188 to $8,424 per year. For this price, you get nearly full coverage of your medical expenses, which could save you tens of thousands of dollars in out-of-pocket costs over time.

If you are healthy and don’t expect to use a lot of medical services, you might prefer a high-deductible Medigap plan. These plans cost less each month, but you do have to pay more out of pocket before the coverage starts. These plans can be a good choice if you want some protection without spending as much on premiums.

A Medicare Supplement agency in Knox, Indiana can help you calculate the potential savings and decide if Medigap is a worthwhile investment for you.

Looking for a Medicare Supplement Agency in Knox, Indiana?

Are you ready to work with an experienced Medicare Supplement agency in Knox, Indiana to evaluate the costs and benefits of Medigap plans? If so, Senior Care Insurance Services is here to help you review your options. Contact us today to schedule an appointment with our agents.