If you have decided you want a Medicare Supplement, your next decision is what Plan you want to have. You can easily compare Medicare Supplement plans below.
Medicare Plan F
Plan F is the most popular plan because it covers all of the gaps left by Medicare. As long as Medicare approves your services, Plan F will pay for all of the related co-pays and deductibles. You should not have any bills for your doctor or hospital visits outside of your monthly premium for the plan. This is normally the most expensive Medigap plan.
Medicare Plan G
Plan G works the same way as Plan F except that you will be responsible for the Part B Annual Deductible ($183 in 2018). This is usually the most economical plan.
Medicare Plan N
Plan N has a much lower premium than the other supplemental plans so some of the co-pays are passed along to you. You will be responsible for:
- Part B Annual Deductible ($183 in 2018)
- Up to $20 co-pays at the doctors office
- Up to $50 co-pays at the emergency room
- Part B Excess Charges
Although the Medicare Supplement Plans cover all of your medical expenses, almost none of them, cover Prescriptions, Dental, Vision or Long Term Care. These are all separate plans you need to consider.
Also, keep in mind, you will still be responsible for the Part B Monthly Premium ($134 if enrolling in 2018 and earning less than $85,000 per year in income) in addition to the Plan premium.
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Once you’ve chosen the Supplemental Plan you want, you need to choose a company and enroll. Remember, there is no difference in the coverage between the companies. The only difference is the price.
Related Post: Tips on choosing the right Medicare Supplement Plan