Medicare Supplement (Medigap) plans can help you cover the gaps in Original Medicare, but many Medicare beneficiaries have difficulty deciding which Medigap plan is right for them. If you are not sure which Medigap plan to choose, you are not alone.
If you’re interested in getting the most comprehensive coverage possible, Medicare Plan F, Plan G, and Plan N are the three most popular plans that can help bridge the gaps in Original Medicare.
Medicare Supplement Plan F
This Medicare Supplement plan provides the most coverage of any Medicare Supplement plan. Here are the benefits covered by Medicare Plan F:
- Medicare Part A deductible
- Medicare Part A hospital coinsurance and hospice care coinsurance
- Medicare Part B deductible
- Medicare Part B coinsurance or copayment
- Part B excess charges
- First three pints of blood for a transfusion
- Skilled nursing facility care coinsurance
- Foreign travel emergency care
Do note that Medicare Supplement Plan F is no longer available to new Medicare beneficiaries, but those that were eligible for Medicare before 2020 can still sign up for this plan.
Medicare Supplement Plan G
Medicare Supplement Plan G is at present the most popular and sought after Medicare Supplement plan because it provides the same comprehensive coverage offered by Medigap Plan F except for the Medicare Part B deductible. The Medicare Supplement Plan G premium is also less expensive compared to Plan F.
If you don’t qualify for Plan F, then Plan G can serve as a great alternative option.
Medicare Supplement Plan N
This is another popular and fast-selling Medicare Supplement plan because it provides a good balance between affordable premiums and protection against out-of-pocket costs. With Medicare Supplement Plan N, you have all the same benefits covered by Medicare Supplement Plan F except:
- Medicare Part B deductible
- Medicare Part B excess charges
- You may be required to have a copay of about $20 for doctor visits and $50 for hospital visits if you visit the emergency room and are not admitted to the hospital.
Plan N is one of the latest Medicare Supplement plans and is a good option for beneficiaries who are comfortable with a little cost-sharing and lower premiums.
Need Medigap? We Can Help
Advocate Health Advisors can help you get the right Medicare Supplement plan for your needs. If you need help comparing these plans, as well as any other Medicare plans, reach out to us today. Our goal is to help you get the coverage you need and deserve.
