You can compare Medicare supplement plans side-by-side using the Medicare supplement plans comparison chart below. This makes comparing Medicare supplement plans pretty easy. ( Medicare supplements and Medigap plans are the same thing). Medicare supplements plans are lettered A – N and each plan covers a different set of the gaps in Medicare (Government).

Although most plans do not have benefit changes from year to year, the Centers for Medicare and Medicaid Services updates the Medicare Supplement plans comparison chart every year.

Some Medicare Supplement plans will have lower premiums because you agree to pay some of the gaps in Medicare yourself. Other Medicare Supplement plans will have higher premiums and offer more coverage. If you compare Medicare supplements, you’ll be able to see which plans cover what’s most important to you.

See the Medicare supplement plans comparison chart below:

Medicare Supplement plans are also known as Medigap. Both names are the same. They are policies that pay after Medicare (Government) to fill the in the gaps. You can choose a Medicare Supplement plan that will help you to pay for your deductibles, co-pays and coinsurance. (Again, these plans are also called and known as Medigap – same thing, just two different terms.)

You’ll find that the major brand carriers you are familiar with are offering these plans when you compare Medicare supplement plans in 2020.

Which is the Best Medicare Plan?

Currently Plan G and Plan N are the two most popular comprehensive Medigap plans. As you can see in the Medigap comparison chart, Plan G covers most of the gaps in Medicare. Plan N is only slightly different, so it is also a popular among newly eligible. Plan F was the most complete Medicare Supplement that covered everything but is being phased out. If you become eligible for Medicare on or after January 1, 2020, you won’t be able to buy Plan F. If you already have Plan F – you can generally keep your plan. However, you can apply to buy Plan F if you become eligible for Medicare before 2020.

When you compare Plans G and N side by side, you’ll immediately notice that Plan G has only one difference: the Part B deductible and Part B excess charges. If you compare annual premiums for Plan N and the premiums save you more than you will pay out for the Part B deductible and excess charges, then enrolling in Plan N makes sense.

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This Medicare supplement comparison chart allows you to see and compare Medicare supplement plans side by side. The Medicare supplement comparison chart below shows you exactly which benefits each plan covers.

 

 

  • Medigap Plan F also offered as a high-deductible plan by some insurance companies in some states. If you choose the high-deductible option, it means you must pay for Medicare-covered costs (coinsurance, co-payments, deductibles) up to the deductible amount of $2340 in 2020 before your policy will pay anything.
  • For Medigap Plans K and L, after you meet your annual out-of-pocket limit and your annual Part B deductible ($198 in 2020), the Medigap plan pays 100% of covered services for the rest of that calendar year.
  • Medigap Plan G also has a high-deductible option. In 2020, the HDG deductible is $2340.
  • Plan N pays 100% of the Part B coinsurance, except for a co-payment of up to $20 for some office visits and up to a $50 co-payment for emergency room visits that don’t result in an inpatient admission.

Below is a list with a brief overview on each plan so that you can compare Medicare supplement plans easily:

Medicare Supplement Plan A

Plan A is the most basic of the 10 Medicare Supplement insurance plans, covering the fewest benefits. Although it offers the fewest benefits covered it will still cover the 20% that Medicare (Government) doesn’t pay for on outpatient treatments. Supplement Plan A is ideal for people who want more coverage than Medicare (Government) Parts A and B, but don’t anticipate using a lot of healthcare services. Most Medicare insurance carriers must offer Plan A.

Medicare Supplement Plan B

Like all other Medicare Supplement Insurance plans, Plan B provides basic benefits for hospitalization and medical expenses, and adds a little bit more coverage for hospitalization. This plan might be a good fit if you want more coverage than just Medicare Parts A and B, especially for hospital expenses. Don’t confuse it with Part B, which is part of your Original Medicare (Government) benefits that pays for outpatient medical. Part B is not Plan B.

Medicare Supplement Plan C

Plan C covers most of the costs you’d have to pay for Medicare-approved medical expenses. It offers all the benefits of Plans A & B, plus coverage for skilled nursing facility care coinsurance, your Medicare Part A deductible for hospitalization, your Medicare Part B deductible for medical and hospital outpatient expenses, and medical emergency help when traveling out of the country.

Medicare Supplement Plan C is being phased out. If you become eligible for Medicare on or after January 1, 2020, you won’t be able to buy Plan C. If you already have Plan C – you can generally keep your plan. You can apply to buy Plan C if you become eligible for Medicare before 2020.

Medicare Supplement Plan D

Plan D is one of the “middle of the road” supplemental plans. It’s not the smallest, but it’s also not the most comprehensive. Plan D covers most things but does not pay the Part B deductible nor any Medicare excess charges. Don’t confuse it with Part D, which is your drug coverage – they are two different things.

Medicare Supplement Plan F

For a long while Plan F has been the most popular Medigap plan in the Medicare supplement world. It covers ALL of the items that you would normally pay. It leaves you with nothing out-of-pocket for covered services. People that have Plan F do not owe a copay for doctor visits or hospital stays.

Medicare Supplement Plan F will no longer be available. If you become eligible for Medicare on or after January 1, 2020, you won’t be able to buy Plan F. If you already have Plan F – you can generally keep your plan. You can apply to buy Plan F if you become eligible for Medicare before 2020.

There is also a high-deductible version of Plan F that provides great Supplement coverage after you meet a deductible first.

Medicare Supplement Plan G

Plan G includes all the benefits of Medicare Supplement Plans A, B and C with the exception of the Medicare Part B deductible. It’s a good fit for you if you want some coverage for hospitalization, but are willing to pay the Medicare Part B deductible on your own.When comparing Medicare supplements between Plan F and G in Nevada, we often find that Plan G is a better value annually.

Medicare Supplement Plans K, L, and M

These plans offer the same basic benefits as other Medicare Supplement insurance plans, all with a lower monthly premium. In exchange for a lower premium, these cost-sharing plans cover less of the coinsurance and co-payments than other Medicare Supplement insurance plans, but you’ll have the added security of a maximum out-of-pocket cost each year. Not all carriers offer these plans, however, you can often find good Medicare supplement rates for these plans in certain areas.

Medicare Supplement Plan N

Plan N covers 100% of your Medicare Part B coinsurance costs, with the exception of a $20 copay for office visits and a $50 copay for ER visits. Plan N offers lower premiums in exchange for you paying co-pays for visits. It also does not cover the Medicare excess charges. People interested in Supplement policies which offer the most affordable rates are usually interested in Plan N. The lower premiums have been attractive to many seniors, but some people find the small bills for excess charges to be annoying.

Yes! You will have access to hundreds of thousands of providers across the United States. This is another great feature of Medicare Supplement (Medigap) policies, it allows you to see any doctor that accepts Medicare.

With a Medicare Supplement plan, visiting a doctor can be easier because it doesn’t matter which insurance company your Medicare Supplement plan is through. As long as the doctor accepts Medicare, he or she will accept your Medicare supplement as well.

As long as you stay with Original Medicare (Government), then you can see any doctor who participates in Medicare. Around 93% of all U.S. primary care physicians accept Medicare. People often get confused about being in a network because there are other types of plans, like Medicare Advantage plans, which require you to use networks. This is not the case with a Medicare Supplement (Medigap).

This can include community-rated, issue age rated or attained age rated. Be aware that any Medicare Supplement policy that is issue age rated still has annual rate increases due to inflation in the cost of healthcare.

Keep in mind that plans are standardized, each insurance company sets their own rates but the benefits for a Plan G are the same no matter where you buy. The same goes for all other Medicare Supplement plans. This allows you to shop prices between policies fairly easy.

We will provide you a customized report to compare Medicare supplement plans in your zip code. This will help you compare current rates AND rate increases over the last few years. This helps you choose a carrier with stable long-term rates. We generally look at the top 3-6 lowest priced carriers and also look at the history of rate increases. Finally, we review their financial ratings.

Contact Us to request your free comparison of Medicare Supplement plans in your area. Our Medicare supplemental insurance cost comparison software can provide all the details you need.

Once you determine which Medicare Supplement plan feels right for you, you can then shop rates through Nevada Medicare. We can make this easy by giving you our free Medicare Supplement rate comparison, which you can request by contacting us. We also provide education for people to new to Medicare.

Once you learn the basics, you’ll understand what your Original Medicare (Government) benefits cover. Then it’s much easier to choose the right supplement from the supplement plan chart. For free help with what supplement plans cover, reach out to us for free assistance at (702) 840-1111 today!