Independent Agent & Medicare Supplement Specialist, reMEDIGAP, USA
There are 10 standardized Medigap Plans available to Medicare Beneficiaries. They include Plan A, B, C, D, F, G, K, L, M, N with Plan F also offering a high-deductible plan. The most popular standardized Medigap Plans are F, G, and N.
Plan F will cover all your Medicare approved charges. You do not have to pay any co-pays, co-insurance or deductibles for Medicare covered costs. If you choose the high-deductible Plan F, you must pay for Medicare covered costs up to the deductible amount of $2,140 (2014) before your Medigap Plan F will pay anything.
Plan G will cover all your Medicare approved charges after you have satisfied the annual Part B deductible of $147 (2014). Once the small deductible is met, Medigap Plan G acts like Plan F and covers the co-pays, co-insurance and deductibles that Original Medicare does not cover.
Plan N covers 100% of the Part B co-insurance, except for a small co-pay for some office visits (never more than $20 per visit) and up to a co-pay of $50 for emergency room visits (waived if admitted as an inpatient). You are also responsible for satisfying the annual Part B deductible of $147 (2014) and any Medicare Part B Excess Charges.
If you have further questions regarding your specific situation, please feel free to contact me.
In all but three states, there are 10 "standardized" Medicare Supplement, aka Medigap, plans available. These plans are known by the letters Plan A, B, C, D, F, G, K, L, M, N, and a High-Deductible Plan F. If you are looking for the policy with the most coverage, that will always be Plan F. That said, many people benefit from Plan G, which covers all the same items as F, other than your annual Medicare Part B deductible, which is just $147 this year. If you can save more than $147 a year in premiums by going with G, that may well be the best plan for your personal situation.
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Plan F will cover all your Medicare approved charges. You do not have to pay any co-pays, co-insurance or deductibles for Medicare covered costs. If you choose the high-deductible Plan F, you must pay for Medicare covered costs up to the deductible amount of $2,140 (2014) before your Medigap Plan F will pay anything.
Plan G will cover all your Medicare approved charges after you have satisfied the annual Part B deductible of $147 (2014). Once the small deductible is met, Medigap Plan G acts like Plan F and covers the co-pays, co-insurance and deductibles that Original Medicare does not cover.
Plan N covers 100% of the Part B co-insurance, except for a small co-pay for some office visits (never more than $20 per visit) and up to a co-pay of $50 for emergency room visits (waived if admitted as an inpatient). You are also responsible for satisfying the annual Part B deductible of $147 (2014) and any Medicare Part B Excess Charges.
If you have further questions regarding your specific situation, please feel free to contact me.