Monthly premiums vary by area.
Although the benefits are identical for all Medigap plans of the same type, the premiums vary from one company to another and from area to area. The main question you need to answer for yourself is whether you can afford the premium based on your retirement income. An insurance company's premiums for its Medigap policies must be the same without regard to age, gender or health condition. This means the premium charged by a company must be the same for each approved standardized plan that it offers regardless of your age, gender or health condition. For example, a woman aged 90 in poor health will pay the same premium as a man aged 68 in good health for the same plan with the same company in the same area of the state.