Supplement Plan Comparison

Medicare Supplement plans, also known as Medigap, are provided by private insurance companies and they help to offset the out-of-pocket costs associated with Original Medicare, such as copayments, coinsurance, and emergency care costs outside the country. 

When you buy a Medicare Supplement plan, you can get extra help with Medicare Part A and Part B deductibles, copayments, and coinsurance costs. Supplement plans are standardized in every state where they’re available and are labeled from Plan A to Plan N. Medigap policies offer various benefits and have different plan premiums. In this article, we’ll make a comparison of the ten Medicare Supplement plans.

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Medigap Plan Comparison

Medigap Plan A: Medicare Supplement plan A provides some basic benefits. It covers the cost of Part A coinsurance, hospice care coinsurance, and hospital costs. Medicare Supplement Plan A also covers the coinsurance, copayments, and the first three pints of blood for a blood transfusion under Medicare Part B.

Medigap Plan B: Medicare Supplement Plan B covers the same benefits Medicare Supplement Plan A covers, as well as the hospital costs, coinsurance costs, and deductibles for Medicare Part A.

Medigap Plan C: Medigap Plan C pays for all the out-of-pocket costs from Medicare Part A and Part B. This Supplement plan also covers 80% of the charges for foreign travel emergencies. However, there’s no provision for the excess charges for Part B under Medigap Plan C.

Medigap Plan D: Medicare Supplement Plan D covers almost all the out-of-pocket costs from Medicare Part A and Part B. However, the exception is the deductible and excess charges for Medicare Part B. Medigap Plan D also covers 80% of the charges for foreign travel emergencies.

Medigap Plan F: Medicare Supplement Plan F is the most comprehensive Medigap plan. It’s also one of the most popular Medicare Supplement plans due to the fact that it covers all of the remaining out-of-pocket costs from Original Medicare. Also, Medigap Plan F covers the deductible for Medicare Part B and 80% of the foreign travel emergency expenses.

Medigap Plan G: Medicare Supplement Plan G covers almost all of the out-of-pocket costs left from Medicare Part A and Part B. Plan G also covers 80% of the charges for foreign travel emergencies. However, this Supplement plan doesn’t cover the deductibles from Medicare Part B.

Medigap Plan K: Medigap Plan K covers all of the Medicare Part A coinsurance and hospital costs. Plan K also covers 50% of the Part A coinsurance costs and copays for hospice care, the coinsurance for skilled nursing facility care, Part A deductibles, 50% of the Part B coinsurance and copayment costs, and the first three pints of blood during a blood transfusion.

Medigap Plan L: Medicare Supplement Plan L is a cost-sharing policy. It covers all the coinsurance costs and hospital costs for Medicare Part A. The plan also covers 75% of the Part A deductible, Part A hospice care coinsurance, and the skilled nursing facility coinsurance. Plus, Plan L covers 75% of the copayments and coinsurance for Part B, and the first three pints of blood for blood transfusions.

Medigap Plan M: Plan M is another cost-sharing policy. It covers Part A hospice care coinsurance costs, the coinsurance for skilled nursing facility care, and 50% of the deductible for Medicare Part A. Medigap Plan M also covers the copayments and coinsurance left from Medicare Part B, the first three pints of blood for medical procedures, and 80% of the foreign travel emergency expenses.

Medigap Plan N: Except for the Part B excess charges and deductible ($203 in 2021), Medigap Plan N covers all the out-of-pocket costs left from Medicare Part A and Part B. It’s one of the most comprehensive and popular Medicare Supplement plans available.

For more info about Medicare Supplement and health insurance plans, reach out Better Place Insurance Group in Lakeland, Florida. We’ll give you quotes and recommend certain plans according to your needs and budget.