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Choosing a
Medicare Supplement

Choosing a Medicare Supplement

Standardization:

  • Medigap plans are standardized; plans with the same letter designation cover identical benefits across carriers.

  • For example, all Plan F policies cover Part B excess charges, though premiums vary by carrier.

 

Guaranteed Renewability:

  • All Medicare Supplement plans are guaranteed renewable annually without reapplication.

  • Research is vital as prices vary among carriers.​

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Research and Compare:

  • Compare plans to find the best fit.

  • Plans offer different benefits: some include deductibles and coinsurance, while others cover home health care and prescription drugs.

  • Deductible: Amount you pay before Medicare begins to pay.

  • Coinsurance: Amount you pay after the deductible.

 

Popular Plans:

  • Plan F: Covers 100% of Medicare costs, including deductibles and copays. (It is not available to new enrollees after 1/1/20.)

  • Plan G: Similar to Plan F, you must pay the $240 Part B deductible for 2024.

  • Plan N: Lower premiums with cost-sharing. You pay up to $20 for doctor visits, $50 for ER visits, and any excess charges above Medicare’s rate.

 

Medigap Plan F:

  • It covers all costs that Medicare typically bills you, with no deductibles or copays. (Note: Not available for those newly eligible after 1/1/20).

 

Medigap Plan G:

  • It functions like Plan F but requires paying the Part B deductible. After that, it covers everything else.

 

Medigap Plan N:

  • Lower premiums with cost-sharing. You pay up to $20 for doctor visits, $50 for ER visits, and any excess charges.

 

Key Points:

  • Medigap plans are standardized and guaranteed renewable.

  • Plans vary by cost and coverage, so research is essential.

  • Popular plans include F, G, and N, each with different cost-sharing requirements.

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If you're unsure which Medicare Supplement plan is right for you, Torain White at TWhite Insurance can guide you. With his expertise, you'll find the plan that best meets your needs and budget. Contact Torain today for personalized assistance in choosing the right health and financial security coverage.​

Medicare has neither reviewed nor endorsed this information. Not connected with or endorsed by the United States government or the federal Medicare program.
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This is a proprietary website and is not associated, endorsed, or authorized by the Social Security Administration, the Department of Health and Human Services or the Center for Medicare and Medicaid Services. This site contains decision-support content and information about Medicare, services related to Medicare and services for people with Medicare. If you would like to find more information about the Medicare program please visit the Official U.S. Government Site for People with Medicare located at http://www.medicare.gov.
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