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. According to AHIP “the state of Medigap 2020” most people are enrolled in Plan F or Plan G. So Plan F and Plan G are the most popular by enrollment. A few states offer something called F Extra, Innovative F or Innovative G which you should definitely consider. Learn more about Innovative Medigap Extra plans here.
In case you are considered newly eligible, meaning people who turned 65 years of age or became 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:
- Medigap plan F offers the most coverage but will not be available to those new to Medicare after 2020. It is usually the most expensive because it fills in the most “gaps” not covered by Medicare.
- Medigap plan G has the same coverage as F except it will not pay for the Part B Deductible of $203. This plan has recently been priced very competitively so most people select this one.
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|
|Doctor Network||Every doctor that accepts Medicare||Every doctor that accepts Medicare||Every doctor that accepts Medicare|
|Part A Hospital Benefit Period Deductible||You pay $1,484*||You pay $0||You pay $0|
|Hospital days Coinsurance||You pay $371 for days 61-90, $742 per day for 60 lifetime reserve days||You pay $0||You pay $0|
|Skilled Nursing Facility Coinsurance||You pay $185.5 per day from Day 21-100||You pay $0||You pay $0|
|First 3 Pints of Blood||You pay 100%||You pay $0||You pay $0|
|Part B Annual Deductible||You pay $203||You pay $0||You pay $203|
|Part B Copays/Coinsurance||You pay 20% (Part B deductible applies)||You pay $0||You pay $0 after Part B deductible|
|Part B Excess Charges||You pay 100% (Part B deductible applies)||You pay $0||You pay $0 after Part B deductible|
|Foreign Travel Emergency||You pay 100%||You pay 20%***||You pay 20%***|
|More Info||Learn More about Original Medicare||Learn More about Plan F||Learn More about Plan G|
Next Steps to Enroll in Medigap
Feel free to compare the prices by entering our quote page. If you need any assistance please don’t hesitate to give us a call!