MoST pOPULAR PlanS

MOST POPULAR MEDICARE SUPPLEMENT PLANS

Medicare Supplement Plans, also called Medigap Plans, offer ten different options for coverage. However, like anything that comes in groups, there are a few standouts. These Medigap plans are popular because of how well-suited they are for prospective policyholders.

The most popular Medigap Plans are:

The most popular Medigap Plans are:

● Medigap Plan F
● Medigap Plan G
● Medigap Plan N
● Medigap Plan High Deductible G

MEDIGAP PLAN F

Medigap Plan F is among the most popular due to the scope of its coverage. Every single cost category, without exception, is covered 100%. No other Medigap Plan accomplishes this. Unfortunately, no other Medigap Plan is allowed to, as this Plan is only available to those who qualified for Medicare before January 1, 2020.

Plan F will cover these out-of-pocket costs:

● Medicare Part A hospital costs and coinsurance
● The first three pints of blood when getting bloodwork
● Medicare Part B coinsurance or copay
● Medicare Part B deductible
● Medicare Part B excess charges
● Medicare Part A hospice care coinsurance or copay
● Medicare Part A deductible
● Coinsurance for skilled nursing facility care
● Plan F also covers 80% of the out-of-pocket emergency expenses when receiving treatment in a foreign country.

MEDIGAP PLAN G

Medigap Plan G is the closest someone newly eligible to Medicare can get to Plan F. There’s coverage in every category – except for Part B deductibles.

Your plan will cover your other deductibles, coinsurances, and copays. This plan will not cover your Part B deductible. Like Plan F, this plan covers 80% of emergency costs incurred abroad as well.

MEDIGAP PLAN N

Plan N is only a step behind Plans F and G in terms of overall coverage. While Plan F covers every cost category, and Plan G covers all but one, Plan N covers all but two – the Part B deductible and excess charges.

The biggest benefit of this plan is its relatively low monthly premium cost. In addition, this Medigap Plan takes the stress away from leftover healthcare costs.

A unique feature here is how it approaches Part B coinsurance and copayment. Plan N will cover 100% of the Part B coinsurance. Plan N doesn’t cover the entirety of the copay, however. On the other hand, your Part B copay will be up to $20 for outpatient visits and $50 for inpatient visits. Therefore, your specific Medigap Plan may require you to pay less than the previously mentioned copays.

HIGH DEDUCTIBLE PLAN G

The motive for joining High Deductible Plan G is similar to that of Plan N, for this is an attractive option for anyone looking to get a Medigap Plan with lower premiums. High Deductible Plan G doesn’t cover your costs right away, but after paying the $2,370 in deductibles, the traditional Plan G coverage starts immediately. That’s all the benefits of Plan G at a lower monthly expense. For some, this is an option too good to turn down.

We are here to help you get your questions answered and pick the right Medigap plan for you. Reach out to our Medicare Specialist today to get a free no-obligation consultation!