Medicare isn't enough for retirees - here's how much extra coverage costs in every state, ranked

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Medicare isn't enough for retirees - here's how much extra coverage costs in every state, ranked

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The cost of Medigap plans can be overlooked when saving for retirement.

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  • Medicare doesn't cover every health cost - retirees need to save for Medigap plans, extra health insurance policies that help pay for some of the health care costs traditional Medicare doesn't cover.
  • HealthView Services provided Business Insider with average annual cost projections for Medigap Plan F, the most popular level of Medigap coverage, in every state.
  • Medigap plans are most affordable in Hawaii and most expensive in Washington, DC.

Saving for retirement seems to be never ending.

It's twice as expensive to retire today as it was 25 years ago, writes James Moore in MarketWatch. And according to one financial planner, millennials need more than $1 million saved by the time they retire.

One cost often overlooked when it comes to saving for retirement? Medigap plans. Because Medicare doesn't cover everything.

Medigap plans are extra health insurance policies sold by private companies that help pay for some of the health care costs traditional Medicare doesn't cover, such as copayments, coinsurance, and deductibles. Some Medigap plans even cover services, such as medical care when traveling outside the US.

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Retirees must have Medicare Part A and Medicare Part B to have a Medigap plan.

HealthView Services provided Business Insider with the average annual cost projections for Medigap Plan F, the most popular level of Medigap coverage, across every state.

The national average cost for Medigap Plan F is $1,712 annually, which is around $143 a month.

Medigap Plan F is the most affordable in Hawaii, with an average annual projected cost of just $1,310 a year, or around $109 a month. In Massachusetts, it's much higher: The average annual projected cost of Medigap Plan F is $1,947, which is equivalent to roughly $162 a month.

Scroll through below to see how much Medigap Plan F costs in every state, plus Washington, DC.

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51. Hawaii

51. Hawaii

Average annual Medigap plan cost: $1,310

Average monthly Medigap plan cost: $109.16

50. New Mexico

50. New Mexico

Average annual Medigap plan cost: $1,464

Average monthly Medigap plan cost: $122

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49. Iowa

49. Iowa

Average annual Medigap plan cost: $1,468

Average monthly Medigap plan cost: $122.33

48. Oregon

48. Oregon

Average annual Medigap plan cost: $1,468

Average monthly Medigap plan cost: $122.33

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47. Wisconsin

47. Wisconsin

Average annual Medigap plan cost: $1,495

Average monthly Medigap plan cost: $124.58

46. Maine

46. Maine

Average annual Medigap plan cost: $1,507

Average monthly Medigap plan cost: $125.58

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45. Idaho

45. Idaho

Average annual Medigap plan cost: $1,519

Average monthly Medigap plan cost: $126.58

44. Montana

44. Montana

Average annual Medigap plan cost: $1,526

Average monthly Medigap plan cost: $127.16

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43. Virginia

43. Virginia

Average annual Medigap plan cost: $1,558

Average monthly Medigap plan cost: $129.83

42. North Dakota

42. North Dakota

Average annual Medigap plan cost: $1,564

Average monthly Medigap plan cost: $130.33

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41. Missouri

41. Missouri

Average annual Medigap plan cost: $1,565

Average monthly Medigap plan cost: $130.42

40. North Carolina

40. North Carolina

Average annual Medigap plan cost: $1,574

Average monthly Medigap plan cost: $131.16

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39. Georgia

39. Georgia

Average annual Medigap plan cost: $1,579

Average monthly Medigap plan cost: $131.58

38. Minnesota

38. Minnesota

Average annual Medigap plan cost: $1,584

Average monthly Medigap plan cost: $132

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37. Vermont

37. Vermont

Average annual Medigap plan cost: $1,586

Average monthly Medigap plan cost: $132.16

36. Washington

36. Washington

Average annual Medigap plan cost: $1,589

Average monthly Medigap plan cost: $132.41

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35. Utah

35. Utah

Average annual Medigap plan cost: $1,596

Average monthly Medigap plan cost: $133

34. West Virginia

34. West Virginia

Average annual Medigap plan cost: $1,596

Average monthly Medigap plan cost: $133

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33. Arkansas

33. Arkansas

Average annual Medigap plan cost: $1,598

Average monthly Medigap plan cost: $133.16

32. Kansas

32. Kansas

Average annual Medigap plan cost: $1,608

Average monthly Medigap plan cost: $134

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31. South Dakota

31. South Dakota

Average annual Medigap plan cost: $1,611

Average monthly Medigap plan cost: $134.25

30. Tennessee

30. Tennessee

Average annual Medigap plan cost: $1,617

Average monthly Medigap plan cost: $134.75

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29. Colorado

29. Colorado

Average annual Medigap plan cost: $1,623

Average monthly Medigap plan cost: $135.25

28. South Carolina

28. South Carolina

Average annual Medigap plan cost: $1,625

Average monthly Medigap plan cost: $135.42

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27. Alabama

27. Alabama

Average annual Medigap plan cost: $1,627

Average monthly Medigap plan cost: $135.58

26. Ohio

26. Ohio

Average annual Medigap plan cost: $1,647

Average monthly Medigap plan cost: $137.25

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25. Nebraska

25. Nebraska

Average annual Medigap plan cost: $1,651

Average monthly Medigap plan cost: $137.58

24. Indiana

24. Indiana

Average annual Medigap plan cost: $1,668

Average monthly Medigap plan cost: $139

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23. Kentucky

23. Kentucky

Average annual Medigap plan cost: $1,670

Average monthly Medigap plan cost: $139.16

22. Washington DC

22. Washington DC

Average annual Medigap plan cost: $1,677

Average monthly Medigap plan cost: $139.75

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21. Pennsylvania

21. Pennsylvania

Average annual Medigap plan cost: $1,687

Average monthly Medigap plan cost: $140.58

20. New Hampshire

20. New Hampshire

Average annual Medigap plan cost: $1,704

Average monthly Medigap plan cost: $142

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19. Oklahoma

19. Oklahoma

Average annual Medigap plan cost: $1,712

Average monthly Medigap plan cost: $142.66

18. Arizona

18. Arizona

Average annual Medigap plan cost: $1,714

Average monthly Medigap plan cost: $142.83

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17. Delaware

17. Delaware

Average annual Medigap plan cost: $1,730

Average monthly Medigap plan cost: $144.16

16. Michigan

16. Michigan

Average annual Medigap plan cost: $1,736

Average monthly Medigap plan cost: $144.66

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15. Wyoming

15. Wyoming

Average annual Medigap plan cost: $1,747

Average monthly Medigap plan cost: $145.58

14. Illinois

14. Illinois

Average annual Medigap plan cost: $1,788

Average monthly Medigap plan cost: $149

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13. Mississippi

13. Mississippi

Average annual Medigap plan cost: $1,790

Average monthly Medigap plan cost: $149.16

12. New York

12. New York

Average annual Medigap plan cost: $1,793

Average monthly Medigap plan cost: $149.42

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11. Rhode Island

11. Rhode Island

Average annual Medigap plan cost: $1,812

Average monthly Medigap plan cost: $151

10. California

10. California

Average annual Medigap plan cost: $1,817

Average monthly Medigap plan cost: $151.42

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9. Florida

9. Florida

Average annual Medigap plan cost: $1,831

Average monthly Medigap plan cost: $152.58

8. Alaska

8. Alaska

Average annual Medigap plan cost: $1,851

Average monthly Medigap plan cost: $154.25

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7. Texas

7. Texas

Average annual Medigap plan cost: $1,860

Average monthly Medigap plan cost: $155

6. Connecticut

6. Connecticut

Average annual Medigap plan cost: $1,861

Average monthly Medigap plan cost: $155.08

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5. Maryland

5. Maryland

Average annual Medigap plan cost: $1,865

Average monthly Medigap plan cost: $155.42

4. New Jersey

4. New Jersey

Average annual Medigap plan cost: $1,892

Average monthly Medigap plan cost: $157.66

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3. Louisiana

3. Louisiana

Average annual Medigap plan cost: $1,897

Average monthly Medigap plan cost: $158.08

2. Nevada

2. Nevada

Average annual Medigap plan cost: $1,904

Average monthly Medigap plan cost: $158.66

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1. Massachusetts

1. Massachusetts

Average annual Medigap plan cost: $1,947

Average monthly Medigap plan cost: $162.25