For those on Medicare and wishing obtain a Medigap policy, there are several plans available that you have to choose from. In fact Medicare now offers 10 plans in total that you can pick from, each with slightly different benefits. So how exactly do you choose the right plan? Well, there are three plans in particular that offer outstanding benefits for relatively low premiums (if you shop correctly for them) and these three are by far the most popular of all the plans offered. These are Medicare Supplement Plan F and Plan G, as well as relatively new one called Medigap Plan N.
Medicare Supplement Plan F head’s up the list. This plan is extremely popular due to the fact that it covers 100 percent of the expenses that Medicare Part A and B do not. This means that you visit your doctor, show you card, and go home. That’s it. No medical bills will come in the mail (Provided you went for a Medicare-approved expense which is likely), you will not pay a deductible, and you don’t even need to pay a co-pay for your visit.
Another extremely popular Medigap policy is Plan G. This plan offers 100 percent coverage just as Plan F does, however you must pay the annual Part B deductible out-of-pocket yourself first before Medicare and the plan begin paying. Currently this deductible is $147, and you can likely save more, in fact sometimes much more, in annual premiums by paying this yourself. You can check rates at the top of this website for both Plan F and G to see the difference in price.
Another Plan that rounds out the mix is Plan N. With this plan you still must pay that Part B deductible yourself, then you will have up to a $20 co-pay per doctor’s visit after that. Plan N is also slightly different in that it does not cover Part B excess charges, and you would have to pay a $50 co-pay for a visit to the emergency room if you are not admitted. The good news is, it’s estimated that over 90% of doctor’s in this country that accept Medicare do not charge any excess charges. Another great thing about this plan is that the premiums can be substantially lower than both Plan F and Plan G together.
For those who are healthy or wishing to return to original Medicare off a Medicare Advantage plan, this plan just might be the very best choice you can make. Be sure to check Rates on Medigap Plan N, as well as Plans F and G using our website.