There are a lot of Medicare Supplement (Medigap) Plans out there. We know it can be overwhelming. The trick is to understand that there are only a few plans based on price and benefits worth considering. These are Plan F, Plan G, High Deductible F. That is basically it. All the other lettered ones are typically overpriced or leave out key benefits such as excess charges to be dealt with. A few states offer something called F extra, Innovative F or innovative G which you should definitely consider. Learn more about Innovative Medigap plans here.
In case you are considered newly eligible, meaning people who are 65 years of age or become first eligible for Medicare because of age, disability or end-stage renal sickness on or after January 1, 2020, you should check our article on Medigap’s Most Popular Plans in 2020.
In a nutshell here is the quick breakdown of the main Medigap plans you should consider.
- F is the most comprehensive plan but will not be available to those new to medicare after 2020. it is usually the most expensive because it offers the most comprehensive coverage.
- G has the same coverage as F except it will not pay for the Part B Deductible of $185. This plan has recently been priced very competitively so most people settle on this one.
- High F has the same coverage as F except that first you need to meet a deductible of $2,300. This plan has the lowest monthly premium so it should be considered if you cannot afford F or G.
We have prepared a chart below to make it easy to understand every benefit of these plans:
Medigap’s Most Popular Plans Complete Coverage
|Benefits||Original Medicare Alone||Original Medicare With Medigap Plan F||Original Medicare With Medigap Plan G||Original Medicare With Medigap Plan High Deductible F|
|Doctor Network||All Doctors that accept Medicare||All Doctors that accept Medicare||All Doctors that accept Medicare||All Doctors that accept Medicare|
|Part A Hospital Benefit Period Deductible||You pay $1,364*||You pay $0||You pay $0||You pay $0 after $2,300 deductible|
|Hospital days Coinsurance||You pay $335 per day for days 61-90, $670 per day for 60 lifetime reserve days||You pay $0||You pay $0||You pay $0 after you meet High F deductible|
|Skilled Nursing Facility Coinsurance||You pay $170.50 per day from Day 21-100||You pay $0||You pay $0||You pay $0 after you meet High F deductible|
|First 3 Pints of Blood||You pay 100%||You pay $0||You pay $0||You pay $0 after you meet High F deductible|
|Part B Annual Deductible||You pay $185||You pay $0||You pay $185||You pay $0 after you meet High F deductible|
|Part B Copays/Coinsurance||You pay 20% (Part B deductible applies)||You pay $0||You pay $0 after Part B deductible||You pay $0 after you meet High F deductible|
|Part B Excess Charges||You pay 100% (Part B deductible applies)||You pay $0||You pay $0 after Part B deductible||You pay $0 after you meet High F deductible|
|Foreign Travel Emergency||You pay 100%||You pay 20%***||You pay 20%***||You pay 20%***|
|More Info||Learn More about Original Medicare||Learn More about Plan F||Learn More about Plan G||Learn More about Plan High F|
Next Steps to Enroll in Medigap
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