How to Compare Medicare Supplement Plans

Medicare Supplemental Insurance, also referred to as Medigap, was designed to fill “gaps” in your Original Medicare plan. These supplemental plans are only sold by private companies.

Your Original Medicare plan covers a large portion of your medical bills, but not all of them. Having a supplemental plan can help cover things like deductibles, copayments and coinsurance.

There are ten Medicare Supplement Plans (Medigap), with two having high deductible options. Each plan covers the same standard benefits but varies slightly. You can choose the plan that best fits your individual needs, but keep in mind that Plans C and F are only available to those who became eligible for Medicare before January 1, 2020!

With all these things in mind, one of the biggest factors you should consider when comparing Medigap plans are the coverage provided by each and the coverage you are looking for in particular. Fortunately, we can help you with this by providing you with a breakdown of each plan.

Plan A

Medicare Supplement Plan A Is the standard supplemental plan for Medicare. Every Medicare insurance provider is required to offer this plan. This plan includes Medicare Part A coinsurance hospital costs, Medicare Part B coinsurance, blood transfusions, and Part A hospice care coinsurance.

Plan B

Medicare Supplement Plan B varies slightly from Part A but does offer more coverage. The Supplemental Plan B offers all the benefits that Part A covers with the additional benefit of Medicare Part A deductible.

Plan C

Medicare Supplement Plan C offers a wide range of benefits. It offers all the benefits received in Plans A and B as well as skilled nursing facility coinsurance, Medicare Part B deductible and foreign travel emergency.

Plan D

Plan D is only slightly different from Plan C. It covers everything that Plan C covers, except for the Medicare Part B deductible.

Plan F

Medicare Supplement Plan F covers everything that a supplemental plan can offer. This plan covers everything that Plan C does, with the addition of Medicare Part B excess charges. Besides your monthly premium, there are no other out-of-pocket charges with Plan F.

High Deductible Plan F

The High Deductible Plan F is the same as Plan F with one exception. With this plan, you will have lower premiums with a higher deductible.

Plan G

Medicare Plan G offers many great benefits. It includes Medicare Part A coinsurance, Medicare Part B coinsurance, blood transfusions, Part A hospice care coinsurance, skilled nursing care coinsurance, Medicare Part A deductible, Medicare Part B excess charges, and foreign travel emergency.

High Deductible Plan G

The High Deductible Plan F features the same benefits as Plan G. In this plan, you will pay a lower premium but will have a higher deductible.

Plan K

Medicare Plan K offers a slightly different percentage of benefits for some categories. You will receive 100% coverage for Medicare Part A hospital coinsurance. You will be covered at 50% for Medicare Part B coinsurance, blood transfusions, Part A hospice care coinsurance, skilled nursing facility coinsurance and Medicare Part A deductible.

Plan L

The Medicare Plan L is very similar to Plan K. You will receive the same benefits as K, but the percentage of coverage is 75% for the benefits listed above.

Plan M

Supplement Plan M only covers 50% of the Medicare Part A deductible and will not cover the Medicare Part B deductible and excess charges. This plan will also cover 80% of foreign travel emergencies, and 100% for Part A coinsurance, Part B coinsurance, blood transfusions, Part A hospice care coinsurance, and skilled nursing facility coinsurance.

Plan N

Supplement Plan N will provide the same coverage as Plan M, but instead of covering 50% for the Part A deductible, it covers 100%.

Give Us A Call Today To Learn More!

We hope that our comparison of each Medicare Supplement Plan has been helpful to you, but we are always a phone call away if you have any questions or want a more personalized approach to knowing what your specific options are.

Call us today for more information and to set up your free consultation with the Medicare Detectives!