When you look at all that coverage, you may see a few items stick out as something that applies to you. You know better than anyone what your out-of-pocket healthcare costs are, so if you find a plan that covers most of those for you, then that is probably the one to go with. Because there are so many Supplement plans to pick from, though, you need to take some time to compare them. You will want to choose a plan that fits your needs well and that will cover you adequately for the coming year.
You are welcome to use our website to compare the plans. That’s what it is here for. We have detailed information on every Medicare Supplement plan, and it is in your best interests to take the time to compare them so that you get enough coverage or don’t end up paying for coverage you do not need. Our site can be used for free as often as you need to compare rates and coverage and to help you find the right plan for your needs. We will also be happy to answer any questions you have about the Medicare Supplements or Medicare in general. Feel free to contact us for advice and assistance.
When you want to compare the plans, you will need to learn what each plan covers. Let’s look at a few of the most notable ones, which are primarily the most popular plans for 2020.
Plan F is the only one of the Medicare Supplements to give you full coverage. That means it covers all of the items we listed above as supplemental coverage items. Plan F covers all of that for you, and as you can imagine, it is an expensive plan. You always pay more for the higher coverage plans, which makes sense, but Plan F is usually priced way higher than even the plans that are similar to it. That often high price is what caused the government to step in and limit who Plan F can be sold to. Now, for 2020, only those who have Plan F already can choose it for the coming year. It’s not a plan that new subscribers can pick.
Plan F is relegated to a closed pool that limits who can sign up for it, and that includes Plan C as well. Neither of these plans will be available to the general public, and only renewals are allowed it them. They are going to get very expensive because of this. The insurers cannot earn any profit off of new customers, so all their expenses for these plans have to come from the current subscribers, and that is a base that is quickly dwindling with this new legislation.
If you want a good alternative to Plan F, though, then you should consider Medicare Supplement Plan G. When you compare Medicare Supplement plans for 2020, you will find that Plan G tends to be the one with the best chance to save you the most money. It is a high coverage plan that is second only to Plan F, really. Yet it is priced much lower, in many cases, making it far more economical. For anyone who needs extensive coverage, Plan G is an obvious choice. If you look at that list of supplemental items above, then you will see all that Plan G covers for you, except it will not cover the Part B deductible. That’s a $185 charge you will have to pay on your own, if you choose Plan G.
Due to the new legislative changes, Medicare Supplement plans will have to find a replacement for Plan F. Plan G is decent enough for that purpose, but some people will miss the variety offered by having Plan F in the basic lineup. That is remedied by the creation of High Deductible Plan G. This will cover all the same expenses for you as the normal Plan G. The only difference is in how much it costs. It has a lower premium than the average Plan G but a higher deductible. You can compare and examine those prices here to make sure you get a good deal or to see how this new Supplement plan stacks up to the other plans.
Plan N is another high coverage Medicare Supplement, and you’ll definitely want to compare this one as well, since it offers similar coverage to Plan G but cuts off just a bit of what some might consider to be extraneous coverage. Plan N covers all the above listed supplementary items with a few exceptions. It won’t cover the cost of Medicare Part B excess charges or the Part B deductible, and it requires that you pay a couple of smaller copayments on your own. It’s still a pretty full coverage plan that is very economical, as you can see when you use our site to look at the rates for it.
Plan G is definitely the most popular of the Supplement plans for now, and that’s even truer as Plan F is being restricted, but it doesn’t mean that Plan G is the best choice for you. Be sure to use our site to compare these plans and see how they match up to what you need from a medical coverage plan. You may even find that you don’t need a Supplement plan at all, and there are some alternatives like Advantage plans or Medicare Part D that may work better for you.