How Much Do Medigap Policies Cost? 
The answer is ... it depends . There are 11 standardized Medigap plans ; each plan provides different coverage resulting in different premium -LRB- cost -RRB- amounts . Also , most Medigap carriers use an `` attained age '' rating -LRB- pricing -RRB- methodology , so the older you are , the higher the premium . For the same plan and age , most carriers as well have a higher premium for a male than a female , and a higher premium for a smoker than a non-smoker . Where you live -LRB- state and zip code -RRB- may also affect the premium . Carriers also charge different premiums for the exact same plan . The average cost of a Medigap plan for all individuals over 65 is approximately $ 200 per month ; it may cost less or more depending upon the factors outlined . Your best bet is to find a reputable senior market insurance agent to discuss your objectives and available options . 