The best Medicare supplement plan is something you will have to decide on your own.
Medicare supplement plans are standardized. Medicare supplement plans are assigned a letter from A to N and each plan has specific benefits as set by Medicare.
Plan F is the most popular plan. All plan F's are identical in every way except for price.
Over 90% of my clients want value and pick a plan OTHER THAN plan F.
You should pick a plan that fits your needs and budget.
Medicare supplement plans are standardized by the federal government. The only difference between Plan F with one company and Plan F with another is the monthly premiums you pay. So, when shopping make sure you are not over paying for the exact same benefits.
Most people like Plan F because it covers the 20% Medicare approved treatment doesn't, with NO co-pays or deductibles. If you are looking to save money and still have great coverage then Plan G is great, because the savings more than offsets the small annual deductible it doesn't cover, usually.
The best plan is based on your situation, but with a little information, and knowledge the choices become pretty easy. Especially, if you work with an agent who works with all the companies for your area.
You are the only one that can answer that question. Choose your Medicare supplement coverage based on your needs and budget. If you want $0 out of pocket for approved Medicare Part A and Part B expenses, buy Medigap plan F. If you are looking for value and willing to assume some risk, consider other plans.
Enrolled Agent-licensed to practice before the IRS, Samuel N Smith, EA, South Carolina
There are so many new companies trying to break into the medicare supplement business and they usually chase the market with lower premiums. How long will they keep the premiums low is anybody's guess. Just within the last two years I have seen companies throw in the towel and have exited the market. Do you want a company that has been in the market for a number of years or are you willing to assume that a new company will stay the course?
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Medicare supplement plans are standardized. Medicare supplement plans are assigned a letter from A to N and each plan has specific benefits as set by Medicare.
Plan F is the most popular plan. All plan F's are identical in every way except for price.
Over 90% of my clients want value and pick a plan OTHER THAN plan F.
You should pick a plan that fits your needs and budget.
Most people like Plan F because it covers the 20% Medicare approved treatment doesn't, with NO co-pays or deductibles. If you are looking to save money and still have great coverage then Plan G is great, because the savings more than offsets the small annual deductible it doesn't cover, usually.
The best plan is based on your situation, but with a little information, and knowledge the choices become pretty easy. Especially, if you work with an agent who works with all the companies for your area.