There are 10 Medicare Supplement Insurance plans (also called Medigap plans) to choose from in most states. Medigap plans can help cover some of the out-of-pocket costs that Medicare Part A and Part B (Original Medicare) do not cover.
This guide will help you learn what to look for as you compare Medicare Supplement Insurance plans in your area.
Comparing Medicare Supplement Insurance plans side-by-side allows you to see which policies cover the health care services you need. There are three steps involved in comparing Medicare Supplement Insurance plans:
Medicare Supplement Insurance plans are sold by private insurance companies, and not every company sells every plan. As a result, not every plan is made available in each area.
If you’re looking for the right Medigap plan for your needs, you can get help comparing available plans in your area by visiting MedicareSupplement.com.
|Medicare Supplement Benefits||A||B||C||D||F1||G||K2||L3||M||N4|
|Part A co-insurance and hospital costs||✓||✓||✓||✓||✓||✓||✓||✓||✓||✓|
|Part B co-insurance or co-payment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|First 3 pints of blood||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Part A hospice care co-insurance or co-payment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Co-insurance for skilled nursing facility||✓||✓||✓||✓||50%||75%||✓||✓|
|Medicare Part A deductible||✓||✓||✓||✓||✓||50%||75%||50%||✓|
|Medicare Part B deductible||✓||✓|
|Medicare Part B excess charges||✓||✓|
|Foreign travel emergency||80%||80%||80%||80%||80%||80%|
|1. Plan F offers a high-deductible plan. This plan requires you to pay a $2,300 deductible in 2019 before it covers anything.
2. Plan K has an out-of-pocket yearly limit of $5,560 in 2019. After you pay the out-of-pocket yearly limit and yearly Part B deductible, it pays 100% of covered services for the rest of the calendar year.
3. Plan L has an out-of-pocket yearly limit of $2,780 in 2019. After you pay the out-of-pocket yearly limit and yearly Part B deductible, it pays 100% of covered services for the rest of the calendar year.
4. Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don’t result in an inpatient admission.
View an image version of this table.
Once you find out which plans are available where you live, it’s time to compare coverage.
There are nine benefit areas that Medicare Supplement Insurance plans can potentially cover, and each benefit addresses some of Original Medicare’s out-of-pocket expenses.
Once you’re familiar with the expenses that can covered by some Medicare Supplement Insurance plans, you can consult the chart above to see which plans provide which benefits.
This comparison chart can help you decide which Medicare Supplement Insurance plan may be the best fit for your needs.
If you're a new Medicare beneficiary starting on or after January 1, 2020, you will not be able to enroll in Plan F or Plan C. If you were enrolled in Medicare before that date, you may be able to enroll in either plan if one is available in your area.
Although the coverage offered by each type of Medicare Supplement Insurance plan is standardized and remains consistent no matter where a plan is sold, the cost can vary from one location or company to another.
When you visit MedicareSupplement.com, you’ll be able to compare prices from insurance companies in your area to find the best Medicare Supplement Insurance plan for your needs.