The best and cheapest Medicare supplemental insurance plan in your state is probably the one with the lowest premium
Paying more does not get you a better plan, so more often than not the cheapest plan is the best plan.
Seniors that use tobacco will pay 20% more than those who do not use tobacco..
The most expensive Medicare supplement insurance plan is F. It is also the most popular)
You can sometimes find instant Medicare supplement insurance quotes but keep in mind the lowest rates are usually not illustrated online.
#GeorgiaMedicarePlans
Independent Agent & Medicare Supplement Specialist, reMEDIGAP, USA
The best Medigap Plan is the one that has the benefits you want at a great price. All Medigap Plans are standardized, so Plan G benefits with ABC insurance company are the same Plan G benefits with XYZ insurance company. The only difference is the price.
The most expensive Medigap Plan is Plan F, because it has the most comprehensive coverage. It can be found at a great rate in many areas of the country, but it will still be more expensive than other Medigap Plans.
Medigap Plan G acts like Medigap Plan F after you meet the annual Part B deductible ($147 in 2014). It's premium is typically lower than Plan F.
There are other Medigap Plans with varying benefits and premiums. But the two listed above are considered to be the most popular. An independent agent specializing in Medicare Supplement insurance will be able to see if you qualify for the lowest premiums available.
Thank you for reading my response. Please let me know if I can be of further assistance.
The question is difficult to answer because of the amount of variables involved but I will try to cover all the bases.
If you want a Medicare supplement that is going to cover all Medical expenses approved but not covered in full by Medicare, you would go with a plan G or Plan F. Plan G has a deductible of $166 but after it has been met, it is the same as a plan F which covers the $166 Part B deductible.
So for full coverage, go with Plan F or G but they will cost you the most a well. If you have a high amount of medical care, the math will work on these plans. If you do not utilize a lot of care, you will be spending the money on premium every month but getting your moneys worth out of it.
For those that have low/basic medical needs, you could try a lower cost option. Plans K, L and High F supplements can all be good options to consider. Like all Medicare supplements, you can still go to any doctor that accepts Medicare when using these plans. Depending on the state you live in and company you choose the price points will vary between the three plans. In a nutshell here is what they cover.
Plan L- covers 75% of the costs not covered by Original Medicare
Plan K- covers 50% of the costs not covered by Original Medicare
High F- covers 100% of costs not covered by Medicare after a deductible of $2,180 has been met. The deductible is not a true deductible but means that you only pay the deductibles and copays not covered by original Medicare. Original Medicare still provides the benefits you would normally get but the High F plan does not cover the left over costs until the $2,180 has been met.
High F usually has the lowest price point of the three plans. In some states, the premium can be as low as $28 a month for the plan. Given it is a supplement, you would still need to buy a drug plan if you wanted RX coverage.
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Paying more does not get you a better plan, so more often than not the cheapest plan is the best plan.
Seniors that use tobacco will pay 20% more than those who do not use tobacco..
The most expensive Medicare supplement insurance plan is F. It is also the most popular)
You can sometimes find instant Medicare supplement insurance quotes but keep in mind the lowest rates are usually not illustrated online.
#GeorgiaMedicarePlans
The most expensive Medigap Plan is Plan F, because it has the most comprehensive coverage. It can be found at a great rate in many areas of the country, but it will still be more expensive than other Medigap Plans.
Medigap Plan G acts like Medigap Plan F after you meet the annual Part B deductible ($147 in 2014). It's premium is typically lower than Plan F.
There are other Medigap Plans with varying benefits and premiums. But the two listed above are considered to be the most popular. An independent agent specializing in Medicare Supplement insurance will be able to see if you qualify for the lowest premiums available.
Thank you for reading my response. Please let me know if I can be of further assistance.
If you want a Medicare supplement that is going to cover all Medical expenses approved but not covered in full by Medicare, you would go with a plan G or Plan F. Plan G has a deductible of $166 but after it has been met, it is the same as a plan F which covers the $166 Part B deductible.
So for full coverage, go with Plan F or G but they will cost you the most a well. If you have a high amount of medical care, the math will work on these plans. If you do not utilize a lot of care, you will be spending the money on premium every month but getting your moneys worth out of it.
For those that have low/basic medical needs, you could try a lower cost option. Plans K, L and High F supplements can all be good options to consider. Like all Medicare supplements, you can still go to any doctor that accepts Medicare when using these plans. Depending on the state you live in and company you choose the price points will vary between the three plans. In a nutshell here is what they cover.
Plan L- covers 75% of the costs not covered by Original Medicare
Plan K- covers 50% of the costs not covered by Original Medicare
High F- covers 100% of costs not covered by Medicare after a deductible of $2,180 has been met. The deductible is not a true deductible but means that you only pay the deductibles and copays not covered by original Medicare. Original Medicare still provides the benefits you would normally get but the High F plan does not cover the left over costs until the $2,180 has been met.
High F usually has the lowest price point of the three plans. In some states, the premium can be as low as $28 a month for the plan. Given it is a supplement, you would still need to buy a drug plan if you wanted RX coverage.