What are Medicare Supplement Plans?
Medicare supplements are supplemental health insurance policies that private companies sell to cover the gaps in Medicare benefits. Medicare supplement insurance plans are also referred to as Medigap Plans.
How doe Medicare Supplement Works?
The Medicare Supplement works with original Medicare Part A and Part B, which only pays the first 80% of Medicare-approved healthcare costs. Depending on which plan you choose, the Supplement will pay all or part of the remaining 20%.
Why get Medicare Supplement Plan?
Freedom and Flexibility!!
- Covers All or Most of your out-of-pocket costs for Medicare-approved services
- Visit any doctor, specialist, or hospital that takes Medicare, anywhere in the U.S.
- No restrictive networks
- No referrals needed to visit a specialist
- Guaranteed Renewable as long as premiums are paid on time
- Foreign Travel Emergency benefits cover you when traveling outside the U.S on vacation
What are the Top Medicare Supplement Plans?
Medicare Supplement Benefits Chart 2022 – Top Plans F, G, N, HDF, HDG
| Medicare Benefits | Plan F/HDF | Plan G/HDG | Plan N |
|---|---|---|---|
| Medicare Part A coinsurance & hospital coverage (Plus, coverage for additional 365 days after Medicare benefits are used up) | 100% | 100% | 100% |
| Medicare Part B coinsurance (20%) or copay | 100% | 100% | 100% (copays may apply) |
| Blood: First 3 pints each year | 100% | 100% | 100% |
| Medicare Part A deductible ($1,556 in 2022) | 100% | 100% | 100% |
| Medicare Part B deductible annually ($233 in 2022) | 100% | ✘ | ✘ |
| Medicare Part B excess doctor charges (possible charge above Medicare-approved amount) | 100% | 100% | ✘ |
| Skilled Nursing Facility coinsurance | 100% | 100% | 100% |
| Hospice: Part A coinsurance or copay | 100% | 100% | 100% |
| Foreign Travel Emergency (up to plan limits) | 80% | 80% | 80% |
PLAN F
Plan F “most comprehensive”- 100% first dollar coverage on ALL Medicare expenses
Plan F pays for ALL Medicare expenses. You pay NOTHING out of pocket-Not available for turning 65 after January 2020.
$0 Deductibles
$0 Copays
$0 Additional Costs out-of-pocket
PLAN G
Plan G pays 100% of Medicare expenses after you pay the annual deductible
$233 Annual Deductible
$0 Copays
$0 Additional costs out-of-pocket
PLAN N
Plan N pays 100% of Medicare expenses after you pay the annual deductible & some possible copays
$233 Annual Deductible
Possible up to $20 copay for some doctor office visits & up to $50 copay for emergency room visit
Possible excess charges up to 15% above Medicare-approved amount if the doctor doesn’t accept Medicare assignment
Plan HDF & HDG (High-Deductible F or G)
Plan HDF or HDG pays 100% of Medicare expenses after you reach the max-out-of-pocket deductible
$2,490 Annual Deductible max-out-of-pocket
You pay 20% coinsurance of Medicare-approved amounts until the annual maximum is reached. $233 annual Part B deductible counts towards the annual max deductible
$0 Copays
$0 Additional costs out-of-pocket
