Daily Court Reporter - News Report: Ohio has the sixth-lowest Medicare Advantage costs in nation
Report: Ohio has the sixth-lowest Medicare Advantage costs in nation
BRANDON KLEIN, Daily Reporter Staff Writer
Ohio has the sixth-lowest Medicare Advantage costs in the country, according to a new report.
The total average costs for the state's Medicare Advantage plans Part C in 2018 was $5,749.83, a 4.15 percent decrease from 2017, with the average costs of monthly premiums at $64.36 and the average drug deductible costing $125.26 and the average maximum out-of-pocket costing $4,852.40, according to Health Markets Insurance Agency's Medicare Advantage Costs Index
Nevada had the lowest costs of Medicare Advantage plans with average costs at $4,678.74, followed by Iowa ($5,126.42), California ($5,234.43), Rhode Island ($5,430.25) and Florida ($5,647.83). After Ohio, Michigan had the seventh lowest costs with total average costs at $5,817.10, followed by Nebraska ($5,823.92), Illinois ($5,859.88) and Colorado ($5,881.56).
Mississippi had the highest cost of Medicare Advantage plans with an average total cost at $7,451.04, followed by Washington D.C. ($7,350.33), Maryland ($7,292.23), West Virginia ($7,230.34), New Jersey ($7,210.30), New York ($7,149.53), Wyoming ($7,139.67), Idaho ($6,974.25), Arkansas ($6,971.82) and Kansas ($6,963.95).
While Iowa, Ohio, Michigan, Nebraska and Illinois had the lowest costs in the Midwest region, Missouri had the fifth lowest costs in the region with a national ranking in 11th and total average costs at $5,886.79, followed by Wisconsin (12th, $5,890.76), Minnesota (14th, $6,087.97), Indiana (16th, $6,112.96), South Dakota (20th, $6,296.12) and North Dakota (25th, $6,573.87).
Kansas, which was among the highest costs states, also had the highest costs in the Midwest region.
But the total average costs of Kansas' 2018 plans decreased more than 10 percent from the previous year.
Ohio had the 12th highest decrease with a cost difference $248.76.
The other top states with the biggest decreases in Medicare Advantage plans were Delaware, Nebraska, North Carolina, Missouri, Florida, Kentucky, Michigan, Pennsylvania and Colorado.
New Hampshire had the highest increase in its plans, followed by Washington D.C., Maryland, Vermont, Oregon, Massachusetts, Minnesota, Hawaii, Montana and North Dakota.
The study is based on data from the Center for Medicare and Medicaid Services.
Date Published: January 23, 2019