Medicare in itself can be confusing, Our goal is to try and make this decision clearer for you. For instance, Medicare Supplement plans are lettered A – N and each plan covers a different set of the gaps in Medicare. As you will see, you can compare Medicare Supplement plans side-by-side using the Medicare Supplement plans comparison chart below. As a result, this makes comparing Medicare Supplement plans pretty easy. Again, so there is clarity, Medicare Supplements and Medigap plans are the same thing.
Additionally, some Medigap plans are priced based on what it’s paying in the coverage gaps in Medicare you agree to pay. Of course, if you compare Medicare Supplements, you’ll be able to see which plans cover what’s most important to you.
What is Medigap Insurance?
Medigap plans are policies that pay after Medicare to fill in the gaps. You can choose a Medigap plan that will help you to pay for your deductibles, copays and coinsurance.
Which is the Best Medicare Plan?
Plan F and Plan G are the two most popular Medigap plans. As you can see, in the Medigap comparison chart, Plan F covers all the gaps in Medicare. Plan G is only slightly different. However, according to congress.gov, starting in 2020, Medicare Supplement plans that pay the Medicare Part B deductible will no longer be sold to those newly eligible. Unfortunately, that includes Plan F. Provided you were eligible for Medicare before January 1, 2020, you may be able to buy Medicare Supplement Plan F. Assuming you currently have Plan F, you can keep it. Furthermore, if you have it, don’t ever get rid of it. It will be gone forever.
How to Compare Medigap Plans – Benefits
Learning how to compare Medicare Supplement plans is pretty easy. The Medicare Supplement comparison chart below shows you exactly which benefits each plan covers. Finally, no matter what plan your relative or neighbor has, everyone’s Medicare plan or carrier decision is unique. Choose what’s best for you!
There are other Medicare options available. Read our article on, What is Medicare Advantage?
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