Independent Agent & Medicare Supplement Specialist, reMEDIGAP, USA
There are 10 standardized Medigap Plans (A, B, C, D, F, G, K, L, M, N). Plans E, H, I and J are no longer available to purchase.
In some states, you may be able to buy a Medigap SELECT policy or a High-Deductible Plan F. The SELECT plans requires you to use specific hospitals. The deductible for High-Deductible Plan F is $2,140 in 2014.
Plans F, G, and N are widely sold by most Medicare Supplement insurance companies. They are popular with Medicare beneficiaries for various reasons.
Plan F covers all Medicare approved charges. You are not responsible for paying any deductibles, co-pays or excess charges.
Plan G is covers all Medicare approved charges after you've met the annual Part B deductible of $147. You have all the same benefits of Plan F after meeting the small deductible.
Plan N covers all Medicare approved charges after you've met the annual Part B deductible of $147. You also have co-pays that are never more than $20 to any doctor/specialist who accepts Medicare.
If you have more questions about Medigap Plans, please feel free to contact me 1-888-411-1329.
Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
There are a total of 11 Medigap plans (when you include the high-deductible plan F) - plans A, B, C, D, F, Hi-F, G, K, L, M, and N. High-deductible plan F is just the regular plan F, but features a deductible on the plan to reduce the premiums ($2,140 in 2014).
Plans F and G are your most comprehensive plans and by far the most popular plans people choose - the reason being that they create the most predictable healthcare expense structure possible for Medicare beneficiaries. In short, you're paying your premiums and you're done - you won't get hit with any massive hospital bills after an emergency room visit, surgery, examinations, tests, scans, etc.
Plan F is your "cadillac plan" that covers all of the benefits at 100%. Plan G is your second most comprehensive plan as it features the same structure of Plan F, except you would pay the Medicare Part B deductible ($147 in 2014). When you're deciding between which of these two plans to apply for, look at the annualized premiums of the two options and if you save more than $147 in Plan G premiums, it will be the better option (and vice versa - if it's less than $147, go with the Plan F).
I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions. Thanks very much.
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In some states, you may be able to buy a Medigap SELECT policy or a High-Deductible Plan F. The SELECT plans requires you to use specific hospitals. The deductible for High-Deductible Plan F is $2,140 in 2014.
Plans F, G, and N are widely sold by most Medicare Supplement insurance companies. They are popular with Medicare beneficiaries for various reasons.
Plan F covers all Medicare approved charges. You are not responsible for paying any deductibles, co-pays or excess charges.
Plan G is covers all Medicare approved charges after you've met the annual Part B deductible of $147. You have all the same benefits of Plan F after meeting the small deductible.
Plan N covers all Medicare approved charges after you've met the annual Part B deductible of $147. You also have co-pays that are never more than $20 to any doctor/specialist who accepts Medicare.
If you have more questions about Medigap Plans, please feel free to contact me 1-888-411-1329.
Plans F and G are your most comprehensive plans and by far the most popular plans people choose - the reason being that they create the most predictable healthcare expense structure possible for Medicare beneficiaries. In short, you're paying your premiums and you're done - you won't get hit with any massive hospital bills after an emergency room visit, surgery, examinations, tests, scans, etc.
Plan F is your "cadillac plan" that covers all of the benefits at 100%. Plan G is your second most comprehensive plan as it features the same structure of Plan F, except you would pay the Medicare Part B deductible ($147 in 2014). When you're deciding between which of these two plans to apply for, look at the annualized premiums of the two options and if you save more than $147 in Plan G premiums, it will be the better option (and vice versa - if it's less than $147, go with the Plan F).
I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions. Thanks very much.