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Factors Affecting Medigap Premiums
Medigap premiums can vary widely based on several factors, including your age, location, and the insurance company you choose. Generally, premiums increase as you age, but they can also be influenced by whether your plan is community-rated, issue-age-rated, or attained-age-rated. Community-rated plans charge the same premium to everyone in a specific geographic area, while issue-age-rated plans are based on your age at the time of purchase. Attained-age-rated plans increase in cost as you grow older1.