Sarasota is a laid-back city with beautiful beaches, scenic wildlife, and seaside sunsets. It was historically the winter headquarters of the Ringling Brothers Circus! If you plan to retire here — or you’re fortunate enough to live here — you might be wondering: Can you get a good policy for Medicare Supplement in Sarasota? And what might your care look like?

Key Takeaways

    • There are 15,820 senior citizens living in Sarasota right now
    • There are 8 hospitals in the Sarasota area where seniors can get emergency and/or in-patient care
    • 42% of Florida seniors have a Medicare Advantage plan
    • 19% of seniors have a Medigap / Medicare Supplement plan in Sarasota
    • 39% of seniors have Original Medicare only, leaving them uninsured or underinsured against costly Medicare coverage gaps!

Healthcare Costs in Sarasota, FL

The chart below shows some estimated healthcare costs for seniors on Medicare in Sarasota.

Disease Prevalence in Sarasota Annual Cost of Treatment
Arthritis 25% $280
High Blood Pressure 33% $288
Coronary Heart Disease 7% $7,599
Diabetes 11% $2,158
Kidney Disease 3% $6,469

 

Even with Medicare, some common treatments can get expensive. Medicare Advantage or Medicare Supplement plans in Sarasota can cover these costs for a predictable monthly premium. This makes it much easier to budget for retirement without worrying about rising medical expenses.

Coverage Options Beyond Medicare in Sarasota

If you decide to supplement your Medicare benefits, the two main choices are either Medicare Advantage or Medicare Supplement Insurance. 42% of Sarasota seniors have chosen a Medicare Advantage plan. This is pretty high compared to most other parts of the country.

Medicare Advantage in Sarasota, FL

Medicare Advantage, also known as Medicare Part C, offers more coverage than Original Medicare at affordable prices. The government pays a portion of the premium for you, sometimes getting you your plan for as little as $0 per month. The trade-off is that you have to stay within the Medicare Advantage network and use their approved doctors.

Government law mandates that Medicare Advantage must offer the exact same medical benefits as Medicare Part A and Medicare Part B. Plus, for a small fee, many policies offer more benefits that cover the gaps in Traditional Medicare. For example, medical supplies — which are very important for managing a chronic illness — are easier to get fully or partially covered on a Medicare Advantage plan.

Additional coverage

There’s more you can get out of Medicare Part C.

Vision and Dental

Some of the additional coverage upgrades you can purchase include vision or dental coverage. These coverages become part of your Medicare Advantage plan.

Medicare Advantage and Prescription Drugs

A limitation of Medicare Advantage is that you can’t enroll in Medicare Part D prescription drug coverage. However, many Medicare Advantage plans also come with a prescription drug option. Most Medicare Advantage companies make their prescription drug coverage price-competitive with Medicare Part D

Your Medicare Advantage company will choose which dentists and eye doctors you are allowed to see, and you will likely need to stay within that medical network if you want the most affordable care (or if you want your health insurance provider to pay out claims).

Medicare Supplement in Sarasota, FL

Not everyone has hopped on board the Medicare Advantage train. Some seniors do prefer to get a Medicare Supplement plan in Sarasota. They may like the flexibility of Original Medicare or they may want to choose their own doctors. For these seniors, a Medicare Supplement (a.k.a. Medigap) plan is a better value. It plugs the holes in Traditional Medicare coverage without sacrificing choice or affordability.

The Medigap plan you purchase will depend largely on which gaps in Original Medicare coverage concern you the most. There are 10 available plans for Medicare Supplement in Sarasota, FL.

Emergency Medigap Coverage

Some plans dedicate most of their resources to supplementing your Medicare Part A benefits, which are your hospital costs. These can add up fast, but Medigap Plans A, D, K, or L cover those expenses.

Comprehensive Medigap Coverage

There’s more to healthcare costs than just hospital visits. You might want a more robust Medigap plan if:

  • You require frequent doctor visits
  • You’re big on preventative care
  • You want more help with your co-pays and your coinsurance costs
  • You ALSO want your Part A deductible and hospital costs covered

Medicare Part B covers doctor visits and preventative care. However, there are still gaps in this coverage in the form of out-of-pocket copays and coinsurance costs. Several Medigap plans cover these costs in addition to filling the gaps in Part A. and Medicare Part B. They are Plans B, C, F, G, M, N.

Which Medicare Supplement plan is the best for Seniors in Sarasota?

The plan with the most coverage for the best value is Plan G. It covers everything except the Part B deductible. Plans F covers this deductible, but it’s discontinued for all seniors born after 1955. That change is pushing up the cost of premiums for Plan F way up. Since the Part B deductible is just $203 in 2021, Plan G’s lower premiums more than make up for this gap in coverage.

Additional coverage

Because Medigap insurance policies are leaner than Medicare Advantage policies, you won’t have the option to include prescription drug coverage. To cover your prescription drugs, you’ll need to enroll in the federal Medicare Part D Prescription Drug Program.

Vision and Dental

In order to get dental and vision coverage, you’ll have to enroll separately through a private provider. However, most providers who offer Medicare Supplement in Sarasota will also offer Vision and Dental plans. If you think this means your costs will go up, ask about discounts. Many providers will offer a discount for bundling this coverage with your Medigap plan. Others may offer Senior discounts.

Rates by Plan for Medicare Supplement in Sarasota

Medicare Supplement rates vary from person to person. Insurers use many factors to determine your premium. These include age, ZIP code, smoking status, and other factors. That said, it can still be helpful to know estimated plan prices to give you an idea of how premiums for each plan compare to each other.

Sarasota Rates by Plan

Medigap Plan AVG Monthly Rate AVG Yearly Rate Plans Available Max AM Best Rating HH Discount Offered Policy Fee
Plan A $145 $1,720 27 A++ Yes $0 – $25
Plan B $180 $2,150 7 A++ No $0 – $20
Plan C $220 $2,580 7 A++ Yes $0 – $25
Plan D $200 $2,360 4 A++ No $0
Plan F $215 $2,520 25 A++ Yes $0 – $25
Plan G $185 $2,190 27 A++ Yes $0 – $25
Plan K $98 $1,170 4 A+ Yes $0
Plan L $150 $1,750 5 A+ Yes $0
Plan M $190 $2,280 3 A+ No $0
Plan N $145 $1,700 25 A++ Yes $0 – $25

Average rates in Sarasota are estimated for a 65-year-old female non-smoker in 2021.

Plan F’s premium is $330.00 more per year than Plan G. Part B’s deductible is only $203.00. So, if you signed up for Plan G and you had to pay the whole Part B deductible, you would still have an extra $127.00 in your pocket at the end of the year.

Which Companies Offer Medicare Supplement in Sarasota?

The government regulates what must be covered by each Medicare Supplement plan. Your coverage will be the same whether you’re in Sarasota, Florida, or Juneau, Alaska! However, Medigap insurance is provided by private companies, not the government. Each insurance company sets its own price for the plan. That’s why it’s a good idea to compare plans and shop around.

Below we’ve provided estimated pricing for several companies that offer Medicare Supplement in Sarasota, FL. Estimates are for a 65-year-old female non-smoker in 2021 on Plan G.

Plan G Rates by Company

Company Name AM Best Rating Est. Monthly Rate Est. Yearly Rate HH Discount Policy Fee
AARP A $ 169 $ 1,960 None
New Era B++ $ 170 $ 2,040 $20
National Guardian A- $ 172 $ 2,060 3% $25
CIGNA A $ 172 $ 2,070 3% None
The Capitol Life B++ $ 174 $ 2,080 7% $25
Wisconsin Physicians Service n/a $ 174 $ 2,090 7% None
Continental Life (Aetna) A $ 174 $ 2,090 $20
Accendo Insurance A $ 176 $ 2,110 $25
Independence American A- $ 177 $ 2,120 3% $25
Thrivent A++ $ 177 $ 2,130 $25
Great Southern Life Insurance (Americo) A $ 178 $ 2,140 $25
United of Omaha Life A+ $ 178 $ 2,140 None
Central States Health & Life Co. of Omaha A- $ 181 $ 2,170 3% $25
Union Security Insurance Co. B++ $ 181 $ 2,170 $25
Prosperity Life A- $ 182 $ 2,190 7% $25
United American A $ 185 $ 2,220 None
Pan-American Life A $ 186 $ 2,230 7% $25
Humana A- $ 187 $ 2,240 None
National Health Insurance Co A- $ 188 $ 2,250 $25
Combined Insurance A+ $ 190 $ 2,270 $25
Everence Association n/a $ 191 $ 2,290 None
Blue Cross and Blue Shield of Florida A+ $ 191 $ 2,300 None
Lumico A $ 198 $ 2,380 5% $25
USAA A++ $ 207 N/A None
State Farm A++ $ 211 $ 2,480 None
COLONIAL PENN A- $ 229 $ 2,660 None

Rates are estimated for a 65-year-old female non-smoker from Sarasota in 2021.

If you’re still confused about which plan is right for you, we understand. And we want to help! We have a Medicare FAQ that answers some common questions. You can also call the number on our site to speak with a licensed insurance agent.

What Medigap Plan is best for me?

While most seniors will benefit from Plan G, it won’t be the right plan for everyone. It can be hard to figure out on your own which Medigap plan has the best value. Each company offers its plans at a different price and not every company offers every plan. At Medigap.com, we’re here to help.

Check out our Company Review Guide to learn more about companies that offer Medicare Supplement plans in Sarasota. You can also get matched with a Medigap insurance company in Sarasota. Enter your zip code in the box to start your free quote. It’s a fast, easy way to start comparing prices!

by Lindsay Malzone, Lindsay Malzone is the Medicare expert for Medigap.com. She's been contributing to many well-known publications as an industry expert since 2017. Her passion is educating Medicare beneficiaries on all their supplemental Medicare options so they can make an informed decision on their healthcare coverage.
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