Medicare supplement Plans F, G and N (and sometimes High Deductible Plan F) are usually the most requested plans by our clients. Their popularity can be explained by the fact that these three plans cover most of the coverage gaps left behind by Medicare.
Most supplemental insurance carriers offer Plans F & G, but N is not offered by every insurance company. By working with an experienced and independent insurance agency like ours, you can compare the direct rates with all of the popular Medicare supplement plans you are most interested in side by side.
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Medicare Supplement Plan F – The Most Comprehensive Plan
Plan F may be the most popular Medicare supplement plan purchased today. It fills in all of the gaps in Medicare. In other words, if your health care services are a Medicare approved expense, then Plan F will cover the remaining balance.
Because Plan F is the most comprehensive, it is the most expensive as well. Depending on where you live, your gender and your age, Plan F can be around $150 more or less per month. But there are no holes with Plan F
It is important to note that Plan F does not cover Part D prescription drug coverage, but no Medicare supplement plan sold today covers this benefit. If you want a Part D plan, then you must purchase that separately.
Medicare Supplement Plan G – Also A Good Choice
Plan G covers everything that Plan F does except for the Part B deductible. This amount fluctuates each year, but has been around $150 for the last few years. When the monthly Plan G premiums are more than $12 a month less than Plan F, then Plan G can save you money as well.
Plan G is popular because it is not a guaranteed issue Medicare supplement. This simply means that it can be a little less crowded and therefore the rates will go up more slowly. I recommend that most of my clients consider Plan G when they want one of the more comprehensive supplements.
It is also worth noting that some companies offer a preferred discount to those who are in their Medicare open enrollment window. Healthy consumers can also receive a preferred rating if they meet certain criteria. And some plans will offer spousal discounts even when the other spouse does not apply.
Other Popular Medicare Supplement Plans – Like N and High Deductible Plan F
Of course, there are various other plans to choose from including Medicare supplement plans A, B, C, D, K, L, M & N. These plans are less expensive than their more comprehensive counterparts, but will provide benefits for the most common claims.
Plan N covers everything that Plan G does except for Part B Excess Charges. These charges (when doctors don’t accept Medicare assignment) are very rare however. And Plan N has a $20 office copay and $50 emergency room copay. In many places, Plan N can be less than $100 per month.
Additionally, some carriers also offer High Deductible Plan F. HD Plan F won’t cover it’s portion of your bill until the yearly deductible has been met. Medicare, of course, will still pay its portion first. High Deductible Plan F is very popular because the premiums can be very low. In many places, the premiums are around $35 a month.
Contact Us For Medicare Supplement Quotes & Consultation
We are an independent insurance agency and we license with all of the popular Medicare supplement provider direct. Contact us today to compare the lowest rates on the plans you are most interested in and to ask more about your best options.