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There are 12 different Medigap plans on the market in 2021. Our easy-to-read Medicare Supplement plan comparison chart makes comparing them side by side simple.
Medicare Supplement Plans Comparision for 2021
Don’t confuse Medigap Plans A and B with Medicare Parts A and B. Original Medicare includes Part A, which is inpatient hospital coverage, and Part B, which covers outpatient physician visits. Medigap Plans A and B are supplemental insurance to cover what Medicare doesn’t.
What is Medigap Insurance?
Medigap insurance is supplemental Medicare insurance, also known as Medicare Supplement insurance, that helps cover “gaps” in coverage under Original Medicare. These plans are sold by private insurance companies. Since Original Medicare doesn’t pay 100% of your medical costs, Medigap insurance helps cover the remaining out-of-pocket costs that Medicare leaves up to the beneficiary to pay.
What are the Different Medigap Plans?
There are 12 Medigap plans, lettered A-N. Each lettered plan covers the core policy benefits. Depending on the letter plan you enroll in, you will have coverage for out-of-pocket medical costs such as deductibles, copays, and coinsurance.
Plan A is the basic benefits supplement plan; it’s required by every Medicare insurance carrier to offer this coverage. However, each additional plan must have more coverage than Plan A.
Plan B offers slightly more coverage than Plan A. The only benefit Plan B covers that Plan A doesn’t is the Part A deductible.
Plan C offers first-dollar coverage. The only benefit left uncovered with Plan C is excess charges.
Plan D covers everything except for the Part B deductible and excess charges.
Those with Plan F have no out-of-pocket expenses outside the monthly premium, making it a first-dollar coverage plan. This plan is only available to certain beneficiaries.
High Deductible Plan F
High Deductible Plan F is also a first-dollar coverage plan with lower premiums in exchange for a high deductible.
Plan G is one of the most popular Medigap plans. The only benefit it doesn’t cover is the Part B deductible.
High Deductible Plan G
High Deductible Plan G offers the same benefits as standard Plan G but offers lower monthly premiums in exchange for a high deductible.
Plan K covers 50% of certain benefits that other plans cover 100% of.
Plan L covers 75% of certain benefits that other plans cover 100% of.
Plan M is another cost-sharing plan due to it only covering 50% of the inpatient deductible. It also does not cover excess charges or the Part B deductible.
Plan N comes with small copays. It covers everything on the benefits chart with the exception of the Part B deductible and excess charges.
How to Compare Medicare Medigap Plans for 2021
We make comparing Medigap plans, as well as keeping up with changes to Medicare, simple. Call the number above to speak to one of our Medicare experts and get your free rate comparison. Or submit an online rate form to see rates in your area now.