Compare Medicare Supplement Insurance Plans

Medicare Supplement insurance plan comparison overview:

  • A letter designates each Medigap policy: Plans A, B, C, D, F, G, K, L, M, N.
  • They are standardized in 47 states. This means each plan letter offers the same benefits regardless of which insurance company sells the policy. The exceptions are Wisconsin, Minnesota, and Massachusetts.
  • Not all states offer all 10 Medicare Supplement insurance plans.
  • You must keep paying your Medicare Part B premium to keep your Medigap plan in force.

Medicare Supplement Plan A

All Medicare insurance companies that provide Medigap plans are required to sell Medicare Supplement Plan A. Medigap Plan A offers the most basic benefits among the Medicare Supplement plans. However, even though it is the most basic supplement policy available to compare, Plan A covers the 20% Medicare Part A coinsurance, which could add up to a considerable amount.

What Medigap Plan A does not cover:

Medicare Supplement Plan C

Medicare Supplement Plan C provides broad coverage, so seniors consider it one of the more attractive Medicare Supplement plans.

What Plan C does not cover:

  • Part B excess charges

Medicare Supplement Plan D

Nationally, 43% of insurance companies selling Medicare Supplement plans offer Medicare Plan D.

What Plan B does not cover:

  • Part B deductible
  • Part B excess charges

Medicare Supplement Plan F

With around 55% of Medigap policyholders choosing it for their supplemental health insurance, Medicare Supplement insurance Plan F is the most popular among the plans available. It is also the most comprehensive, paying 100% of covered services.

Medicare Supplement Plan G

Medigap Plan G is one of the fastest-growing options among Medigap policies. Historically, it has provided one of the best Medicare Supplement plan rates in return for reasonably comprehensive coverage. After Jan. 1, 2020, it will give the most comprehensive benefits package.

What Medicare Plan G does not cover:

  • Medicare Part B deductible

Medicare Supplement Plan K

Medigap Plan K has the highest cost-sharing among the Medicare Supplement plans. In 2020, Plan K had a $5,880 out-of-pocket limit you must meet before it pays any benefits.

After you meet your out-of-pocket limit, Plan K pays 50% on the following services:

  • Part B coinsurance and doctor’s office visits copays
  • First 3 pints of blood
  • Part A hospice care coinsurance and copays
  • Skilled nursing care coinsurance
  • Part A deductible

What Medicare Supplement Plan K does not cover at all:

  • Part B deductible
  • Part B excess charges
  • Foreign travel emergencies

Medicare Supplement Plan L

Medicare Plan L is another Medicare Supplement plan that features a significant amount of cost-sharing by the policyholder. Plan L has a $2,480 out-of-pocket limit you must meet before it pays any benefits.

After you meet your out-of-pocket limit, Plan L pays 75% on the following services:

  • Part B coinsurance and copays
  • First 3 pints of blood
  • Coinsurance and copays for hospice care
  • Coinsurance for care in a skilled nursing facility
  • Part A deductible

What Plan L does not cover at all:

  • Part B deductible
  • Part B excess charges
  • Foreign travel emergencies

Medicare Supplement Plan M

Medicare Plan M is considered “middle-of-the-road” coverage. It includes more benefits than Plans A and B but is not as extensive as Medicare Supplement Plan F, Medigap Plan G, or Medicare Supplement Plan C.

What Plan M does not cover:

  • 50% of the Part A deductible
  • Part B deductible
  • Part B excess charges

Medicare Supplement Plan N

Medicare Plan N continues to see growth as a supplemental health insurance policy. As a result, it typically offers lower premiums for a modest amount of cost-sharing.

What it does not cover:

  • Medicare Part B deductible
  • Medicare Part B excess charges
  • Copayments for some doctor’s office visits and emergency room services

Medicare Supplement Insurance High Deductible Plan F

Like regular Medicare Supplement Insurance Plan F, high-deductible Medicare Supplement Plan F pays for all Medicare Part A and Part B covered services. However, beginning in 2020, newly eligible Medicare beneficiaries will not have access to high-deductible Plan F.

Medicare Supplement Insurance High Deductible Plan G

After Jan. 1, 2020, seniors can also choose a high-deductible version of Medigap Plan G. This high-deductible Medigap plan covers everything except for your Medicare Part B deductible. However, you must meet a high deductible before your Medicare Plan G policy pays for covered services. The federal government has not yet determined the amount of the deductible.

Medicare Supplement health insurance coverage offers freedom and flexibility for beneficiaries. Medicare Supplement plans pay for health care anywhere in the country as long as the provider who delivers the medical services is signed up with Medicare. Once you have found the best plan, you have guaranteed life coverage as long as you pay your Medigap monthly premium and your Medicare Part B premium.

If you want us to help you compare plans, please call and talk with one of our insurance agents. We can streamline the process of identifying which Medicare Supplement plan is best for you.