Top Medicare Supplement Plans (0:20)
Medigap Plan F (0:28)
Medigap Plan F Eligibility (0:55)
Medigap Plan G (1:22)
Medigap Plan N (1:55)
If you’re not sure which Medicare Supplement plan to enroll in, don’t go anywhere! Today, we’re going to review the top Medicare Supplement plans.
Hi everyone, my name is Lindsay Engle. I’m the Medicare expert for Elite Insurance Partners and MedicareFAQ.com.
The top Medicare Supplement plans include Plan F, Plan G, and Plan N.
First, we’ll talk about Plan F. Medicare Supplement Plan F is one of the most popular plans due to it leaving you with zero out-of-pocket costs outside of your monthly premium. Plan F is considered first-dollar coverage. This means that when you go to the doctor or the hospital, you’ll never have to pay any copays, coinsurance, or deductibles. It’s important to remember, though, that more benefits come with a higher monthly premium. So, Plan F is one of the more expensive plans because it includes the most benefits.
Plan F is only available to those eligible for Medicare prior to 2020. Regardless of if you have enrolled in Part B and a Medigap plan already, you are still eligible to enroll in Plan F. Those who were not eligible to enroll in Medicare before 2020 are not eligible to enroll in Plan F.
The runner-up plan to Plan F is Plan G. If you are not eligible for Medicare until after 2020, Plan G is the plan with the most benefits you are eligible for. Plan G covers all the same things as Plan F. The only difference is the Part B deductible. So, when you go to the doctor’s office, you’ll be responsible for paying the Part B deductible. Once you’ve met the Part B deductible, your benefits will kick in at 100% and you’ll have no additional out-of-pocket costs.
Last but not least on our top Medigap plan list is Plan N. With Plan N, you’ll still be responsible for the Part B deductible. In addition, you’ll be responsible for a $20 copay at the doctor’s office and a $50 copay at the emergency room. These copays keep your monthly premium lower. The only other out-of-pocket cost you’ll be responsible for with Plan N is in the form of excess charges. The majority of beneficiaries don’t need to worry about excess charges. To learn more about excess charges, read our article below.
Top Medigap Plans:
Medicare Supplement Open Enrollment Period:
Annual Enrollment Period:
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