Medigap Plans Comparison

Medigap plans range from A – N, and each plan covers a different set of the gaps in Medicare coverage. You can compare Medigap plans side-by-side using the Medigap comparison chart below. This makes comparing Medicare supplement plans pretty easy.medicare-supplement-plan-insurance

Some Medigap plans will have higher premiums in exchange for more coverage. Other Medigap plans will have lower premiums because you agree to pay some of the gaps in Medicare yourself. If you compare Supplement plans, you’ll be able to see which plan’s coverage is the most suitable for you.

What is Medigap Insurance?

Medigap plans are policies that pay after Medicare to fill the in the gaps. You can choose a Medigap plan that will help you to pay for your deductibles, copays and coinsurance. These plans are also called Medicare supplements – same thing, just two different terms.

You can read more about these plans here.

 

Which is the Best Medicare Plan?

The two most popular Medigap plans are Plan F and Plan G. You can see in the Medigap comparison chart, Plan F has the most comprehensive coverage. Plan G is only slightly different, in that it does not cover the Part B deductible.

If you find yourself torn between these two plans, take a look at the plans’ premiums. If you will end up saving more than the Part B deductible, then Plan G may be a better option.

In recent years, there has been a growing interest in Plan N. Plan N offers lower premiums in exchange for some cost-sharing. However, unlike Plans F and G, Plan N does not cover excess charges.

 

How to Compare Medigap Plan Benefits

Medicare publishes a booklet each year that includes this Medicare Supplements Plans comparison chart. The Medigap comparison chart allows you to see and compare Medicare supplement plans side by side. The Medigap comparison chart below shows you exactly which benefits each plan covers. In New York, Medigap plan costs are standardized for all ages and sexes. To view a rate comparison chart, visit this page.

Important to Note

Medigap Plan F may also be offered as a high-deductible plan by some insurance companies in some states. If you choose this option, it means you must pay for Medicare-covered costs (coinsurance, copayments, deductibles) up to the deductible amount of $2200 before your policy will begin to pay anything.

For plans K and L, after you meet your annual out-of-pocket limit and your annual Part B deductible ($183), the Medigap plan pays for all covered services for the rest of that calendar year.

Plan N pays all of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to $50 copayment for emergency room visits that don’t result in an inpatient admission. 

Medigap Plans Comparison Chart

Below is a list of Medicare supplement plans with a brief overview on each plan:

Medigap Plan A

Medigap Plan A is the most basic of the Medigap plans. However, it will still cover the 20% that Medicare doesn’t pay for on outpatient treatments. This is an incredibly crucial aspect of Medigap plans. All Medicare insurance carriers must offer Plan A. However, there are some exception in some states. Companies may not have to offer it to people under age 65 on Medicare disability.

Medigap Plan B

Medigap Plan B covers everything that Plan A covers  but it also picks up the Medicare Part A hospital deductible. Plan B is a Medigap plan that pays after Medicare pays.  Don’t confuse it with Part B, which is part of your Original Medicare benefits that pays for outpatient medical.

Medigap Plan C

Medigap Plan C is a very comprehensive supplement. It covers everything except Medicare excess charges. In other words, it pays both of your deductibles and the 20% that you normally owe for outpatient expenses. Plans C & F are very popular.

Medigap Plan D

Plan D covers most things but does not pay the Part B deductible nor any Medicare excess charges. It is currently one of the least popular Medigap plans. 

Medigap Plan F

Medigap Plan F is one of the most popular Medigap plans in the Medicare supplement world. It covers all of the items that you would normally pay. It leaves you with no out-of-pocket costs for covered services. 

There a high-deductible version of Plan F that provides Medigap coverage after you meet a deductible.

Medigap Plan G

Medigap Plan G has been gaining in popularity in recent years. It covers everything that Plan F does except the Part B deductible. When we compare Medicare supplements between Plan F and G in most states, we often find that Plan G is a better value annually.

Medigap Plans K, L, and M

These plans offer partial coverage of some benefits. For example, Plan K covers 50% of most items and Plan K covers 75%.  It’s important to not that not all insurance carriers cover these Medigap plans because they are rarely requested. However, you can often find good Medicare supplement rates for these plans in certain areas.

Medigap Plan N

Medigap Plan N offers lower premiums because you pay copays for certain things like doctor and emergency room visits. Plan N also does not cover Medicare excess charges. Lower premiums have been attractive to many beneficiaries, but be sure to ask yourself if you want to receive small bills for your excess charges. People interested in the Medigap policies which offer the most affordable rates are usually interested in Plan N. However, keep in mind that you will still have to pay copays for doctor and E.R. visits.

Access to Providers on Medigap Plans

Another great aspect of Medigap policies is that they enable you to see any doctor that participates in Medicare. You will have access to hundreds of thousands of providers across the country.

As long as the doctor accepts Medicare, he/she will accept your Medicare supplement. Visiting a doctor is easy with Medigap plans because it doesn’t matter which insurance company you purchased your plan through.

Make sure you don’t confuse Medigap plans with Medicare Advantage plans. With Medicare Advantage, you may be restricted to what is called a provider network. As long as you stay with Original Medicare, then you can see any doctor who participates in Medicare. Around 93% of all U.S. primary care physicians accept Medicare.

Compare Medigap Plan Rates

When you compare Medicare supplement insurance prices, keep in mind that plans are standardized. Each company sets their own rates, but the benefits of any lettered plan are standard no matter who you buy from. 

We will help you find a plan that gives you the coverage you’re looking for and at the best prices. We can also check to see if you are eligible for a household discount. We then look into the history of rate increases at the insurance carriers.

Finally, we review financial ratings. We make sure you’re only dealing with top-rated companies.

To view rates these Medigap plans for different companies, see our rates chart.