How do I compare Medigap plans?

Medigap Plans

Medigap Plans:

Medicare Supplement plans also known as Medigap plans have different coverage options based on the plan. The most two popular Medicare Plans are Plan F and G. Although for Medicare Plan F you can only enroll in in the plan if you were eligible for Medicare on or before 2020. For Medicare beneficiaries on or after 2020, they can not enroll in Medicare Plan F. 

What is the Difference between Plan F and Plan G?

The only difference between Plan F and Plan G, that Plan F covers Part B Deductible where plan G doesn’t over the Part B deductible. For this reason Plan G is generally cheaper than Plan F. All insurance carriers would have the some coverage with the same plan, the difference in rates is based on the insurance company competitiveness in the market. Remember that Medigap Plans or Medicare Supplement plans do not have a network and are accepted everywhere and anywhere Medicare is accepted. 

Medigap Plans Comparison Table:

A
Medicare Part A Coinsurance & Hospital costs
100%
Medicare Part B Coinsurance or Copayment
100%
Blood (first 3 pints)
100%
Part A Hospice care Coinsurance or Copayment
100%
Skilled Nursing facility care coinsurance
Part A Deductible
Part B Deductible
Part B excess charges
Foreign travel emergency (Up to plan limits)
B
Medicare Part A Coinsurance & Hospital costs
100%
Medicare Part B Coinsurance or Copayment
100%
Blood (first 3 pints)
100%
Part A Hospice care Coinsurance or Copayment
100%
Skilled Nursing facility care coinsurance
Part A Deductible
100%
Part B Deductible
Part B excess charges
Foreign travel emergency (Up to plan limits)
C
Medicare Part A Coinsurance & Hospital costs
100%
Medicare Part B Coinsurance or Copayment
100%
Blood (first 3 pints)
100%
Part A Hospice care Coinsurance or Copayment
100%
Skilled Nursing facility care coinsurance
100%
Part A Deductible
100%
Part B Deductible
100%
Part B excess charges
Foreign travel emergency (Up to plan limits)
80%
D
Medicare Part A Coinsurance & Hospital costs
100%
Medicare Part B Coinsurance or Copayment
100%
Blood (first 3 pints)
100%
Part A Hospice care Coinsurance or Copayment
100%
Skilled Nursing facility care coinsurance
100%
Part A Deductible
100%
Part B Deductible
Part B excess charges
Foreign travel emergency (Up to plan limits)
80%
F
Medicare Part A Coinsurance & Hospital costs
100%
Medicare Part B Coinsurance or Copayment
100%
Blood (first 3 pints)
100%
Part A Hospice care Coinsurance or Copayment
100%
Skilled Nursing facility care coinsurance
100%
Part A Deductible
100%
Part B Deductible
100%
Part B excess charges
100%
Foreign travel emergency (Up to plan limits)
80%
G
Medicare Part A Coinsurance & Hospital costs
100%
Medicare Part B Coinsurance or Copayment
100%
Blood (first 3 pints)
100%
Part A Hospice care Coinsurance or Copayment
100%
Skilled Nursing facility care coinsurance
100%
Part A Deductible
100%
Part B Deductible
Part B excess charges
100%
Foreign travel emergency (Up to plan limits)
80%
K
Medicare Part A Coinsurance & Hospital costs
100%
Medicare Part B Coinsurance or Copayment
50%
Blood (first 3 pints)
50%
Part A Hospice care Coinsurance or Copayment
50%
Skilled Nursing facility care coinsurance
50%
Part A Deductible
50%
Part B Deductible
Part B excess charges
Foreign travel emergency (Up to plan limits)
L
Medicare Part A Coinsurance & Hospital costs
100%
Medicare Part B Coinsurance or Copayment
75%
Blood (first 3 pints)
75%
Part A Hospice care Coinsurance or Copayment
75%
Skilled Nursing facility care coinsurance
75%
Part A Deductible
75%
Part B Deductible
Part B excess charges
Foreign travel emergency (Up to plan limits)
M
Medicare Part A Coinsurance & Hospital costs
100%
Medicare Part B Coinsurance or Copayment
100%
Blood (first 3 pints)
100%
Part A Hospice care Coinsurance or Copayment
100%
Skilled Nursing facility care coinsurance
100%
Part A Deductible
50%
Part B Deductible
Part B excess charges
Foreign travel emergency (Up to plan limits)
80%
N
Medicare Part A Coinsurance & Hospital costs
100%
Medicare Part B Coinsurance or Copayment
100%
Blood (first 3 pints)
100%
Part A Hospice care Coinsurance or Copayment
100%
Skilled Nursing facility care coinsurance
100%
Part A Deductible
100%
Part B Deductible
Part B excess charges
Foreign travel emergency (Up to plan limits)
80%

High Deductible Plan F and High Deductible Plan G:

These Medigap plans have cheaper premium per month but the annual deductible is higher than the standard Plan F and Plan G. You can sign up for a high deductible plan F or Plan G if you want to save on monthly premium and you don’t use the medicare supplement plan a lot.

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When and How Can I Enroll in a Medicare Supplement Plan?

You can enroll in a Medigap plan at anytime during the year. Typically the coverage will start the first day of the following month. You need to have both parts A and B to be eligible to enroll in a Medicare Supplement plan.

A licensed Medicare insurance agent can help you navigate your Medicare supplement insurance options. Our agents are highly trained and experienced to assist you the best Medicare supplement option for your needs. Remember, you may be eligible for a guaranteed issue Medicare Supplement plan. To learn more if you are eligible for a guaranteed issue Medigap plan, contact us today. In addition, some Medigap plans offer household discount to their members that could be up to 12% off the monthly premium. Our Smart Insurance Agents are able to assist you find the best Medicare supplement plan and apply all eligible discounts.

Do Medicare Supplement Plans Cover Drugs?

Medigap Plans or Medicare Supplement Plans do not cover prescription drugs. If you choose a Medicare Supplement plans for your medical benefits, you need to enroll in a standalone Part D (prescription drug coverage). Unless you have other coverage for your Part D, for example, through your employer health plan, Tricare, or state coverage. If you do not enroll in part D when you are first eligible you would be subject to Part D late enrollment penalty.

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