Nevada has the lowest average Medicare Advantage costs for 2019, according to a study from HealthMarkets, a health insurance agency.
To rank states, researchers examined CMS data to determine the total average annual cost of Medicare Advantage (Part C) plans for 2019. This total cost includes the average cost of monthly premiums, drug deductibles and maximum out-of-pocket cost.
Here are the states with the lowest Medicare Advantage average annual costs for 2019, based on the study:
1.Nevada
Total average cost: $4,678.74
2. Iowa
Total average cost: $5,126.42
3. California
Total average cost: $5,234.43
4. Rhode Island
Total average cost: $5,430.25
5. Florida
Total average cost: $5,647.83
6. Ohio
Total average cost: $5,749.93
7. Michigan
Total average cost: $5,817.10
8. Nebraska
Total average cost: $5,823.92
9. Illinois
Total average cost: $5,859.88
10. Colorado
Total average cost: $5,881.56
Access the full study here.