Are You Overpaying for Medicare in 2025? Here’s How to Find Out

1. You’re Stuck on an Expensive Medicare Supplement Plan

Medicare Supplement (Medigap) plans like Plan G and Plan N are standardized, which means the coverage is the same across all insurance companies. But the price is not.

Here’s what that looks like:

• One person pays $240/month for Plan G
• Another pays $180/month—for the exact same coverage

That’s a $60/month difference, or over $700 per year in savings just by switching carriers.

Action Step:
If it’s been more than 2 years since you reviewed your Medigap policy, it’s time to compare your options. You could be paying more than necessary for the same exact plan.

2. Your Part D Drug Plan Doesn’t Match Your Needs Anymore

Part D prescription drug plans change every single year:

• Drug formularies (lists of covered medications)
• Pharmacy networks
• Copays and premiums

If your plan no longer covers your prescriptions affordably, you could be wasting money. We’ve seen cases where clients overpay $500 or more annually simply because they didn’t update their Part D plan.

Key Enrollment Period:
Medicare Open Enrollment runs from October 15 to December 7 each year. This is the best time to review and switch your drug plan to ensure it fits your current medications and pharmacy preferences.

3. You Haven’t Reviewed Your Medicare Advantage Plan

Just like Part D plans, Medicare Advantage plans change annually. If you enrolled in a plan at age 65 and haven’t looked at it since, you might be missing out on:

• Lower out-of-pocket costs
• Improved dental, vision, and hearing benefits
• Better prescription coverage
• Stronger provider networks

There are even $0 PPO plans entering markets with enhanced benefits, but if you haven’t compared plans recently, you’d never know.

Real Talk:
We’ve helped countless retirees across cities like Phoenix and Dallas find better Advantage plans that save them money and improve their coverage. Don’t assume your current plan is still your best option.

Bonus: You Might Be Paying IRMAA—And It Could Be Appealed

If your income exceeds certain limits, Medicare may charge you extra for:

• Part B
• Part D

This additional cost is called IRMAA (Income-Related Monthly Adjustment Amount). What many don’t realize is that IRMAA is appealable if your income has dropped due to life events like:

• Retirement
• Divorce
• Death of a spouse

We help clients file successful IRMAA appeals all the time—saving them over $100/month in many cases.

Final Recap: Are You Overpaying?

Here are the top signs you’re spending more on Medicare than you need to:

✅ You haven’t reviewed your Medicare Supplement plan in 2+ years
✅ Your Part D drug plan no longer fits your medications
✅ You’ve stayed on the same Medicare Advantage plan without annual reviews
✅ You’re paying IRMAA and haven’t filed an appeal despite a life change

Get Help Reviewing Your Medicare Plan

Medicare is too important—and too expensive—to set it and forget it.

Call us today at 800-208-4974. Our team will help you:

• Compare plans and rates
• Review drug coverage
• Evaluate Advantage vs. Supplement options
• Appeal IRMAA if eligible

We make Medicare simple, personalized, and budget-friendly.