My Medigap Plan F premium is now $314/mo, but it covers all deductibles (including Part B and hospital) and no copays. Part B deductible is $240 in 2024.
Given my chronic form of lung cancer (multifocal) with nodules always to treat, I do constant testing and treatments - very expensive. So $3768/year for a premium is a lot less than max out of pocket in any insurance plans year after year. I see how much they pay and it is twice the premium total for the year.
When I bought my Plan F, I asked the sales rep how much typical annual increases were. He told me 10%. Several years later with the Affordable Care Act (Obama Care), my plan's increase percents were smaller - They are in the 3%/5% range. People don't realize that one of the things Obamacare did was to mandate that insurance companies must pay out 80% in benefits or give a credit at the end of the year. This applies to all health insurance including employer health insurance plans. When I bought my Medigap policy the brochure said it paid out 67% in benefits. So that is a big difference compared to 80%!
But I tell friend and family to not to try to save money on health insurance. When you get older you don't get healthier. I was very healthy until 80. When you need it, you want to be able to go where the expertise is and where they offer the best treatment options...because not all places can do the same thing! I could self-refer to Mayo Clinic and go where I want. I shudder to think what would have happened to me if I had an Advantage plan.