What is the Best Medicare Supplement Plan for 2021?
With 2021 fast approaching, Robert Bache gives his recommendation for the best Medicare Supplement Plan. Medicare Open Enrollment, also called Annual Election Period (AEP), begins October 15 and ends December 7, 2020. Watch the video to discover which Medicare Plan Robert Bache recommends for the upcoming AEP. In the video, you will learn:
- Historically, his Medigap Plan recommendations have been “right on” since 2012.
- How this most comprehensive Medigap Plan works.
- Discover how this plan saves you on monthly premiums and is a better value than Plan F.
Furthermore, Robert compares Plan N to the best Medicare Supplement Plan he recommends in 2021. Watch the video and find out how Plan N compares.
Medigap Plans F, N, and G
Which Medigap Plan F, N, or G is best for you in 2021? To determine the best plan for you, we will consider the following three factors:
- Eligibility – who is and who is not eligible?
- Coverage – what are the benefit differences?
- Costs – what are the cost difference?
For Medicare Plans F, N, and G, we will determine whether you are eligible or not and compare plan benefits and costs.
Medigap Plan F Eligibility
Suppose you have Medigap Plan F before January 1, 2020. In that case, you can continue to buy Plan F. However, anyone new to Medicare in 2020 is not eligible and can not enroll in Plan F. In other words, if you turn age 65 in 2020, you can not buy Plan F.
However, if you turned 65 before January 1, 2020, and enrolled in Plan F, you can keep it! (Medicare.gov eligibility restrictions applies to Medigap Plans C and F.)
Medigap Plan N and Plan G Eligibility
To be eligible for any Medicare Supplement Plan, you must have Part A and Part B. Moreover, anyone eligible for a Medigap Plan is also eligible for Plan G and Plan N. Unlike Plan F, you are eligible to enroll in Plan N or Plan G whenever you turn 65 in 2020.
You can enroll in a Medigap Plan during your initial 7-month open enrollment period. It begins three months before you turn 65, continues the month of your birthday, and ends three months after your birthday. During this period, you have guaranteed issue rights!
When you turn 65 and enroll in a Medigap Plan, you are guaranteed the following:
- No medical underwriting questions
- No medical disqualification – all medical conditions qualify
- You pay the same premium as a healthy senior – even if you have health problems
However, if you do not enroll during your initial open enrollment period, you must answer medical underwriting questions. Furthermore, you can be medically disqualified or pay more for health problems. To get your Medigap Plan quote, call Senior Healthcare Direct at 1-855-368-4717.
Best Medicare Supplement Plans in 2021
The best Medigap Plans in 2021 recommended by Robert Bache is Plan G because it has the greatest value. It provides the same comprehensive coverage as Plan F at a much lower monthly premium. If you are eligible for Plan F, it has the highest monthly premium.
Plan F is a “first-dollar” plan because Medicare pays the first dollar once you pay the expensive monthly premium. With Plan F, you do not pay the Part B deductible.
However, with Plan G, you pay the $198 Part B deductible in 2020, and you save several hundred in premiums per year. As MedicareBob says in his video, “You come out ahead” with Plan G coverage.
Best Medigap Plans Coverage and Costs
The Best Medigap Plans chart compares the coverage and costs of plans F, N, and G. The green checkbox covers that benefit 100%. The red checkbox does not cover that benefit. Use this chart to compare Medigap benefits and the differences in coverage and costs.
Why Plan G is the best Medigap Plan
When you compare Medigap benefits of Plan F and G, the only difference is the Part B deductible. If you have Plan G, you pay a one-time annual Part B deductible. Since Plan G has lower premiums, you will save much more than the Part B deductible throughout the year.
So why pay more for Plan F when Plan G has the same coverage benefits? There is absolutely no reason to pay more for Plan F. Therefore, the best Medicare Supplement Plan for 2021 is Plan G.
Medigap Plan N coverage and costs
Medigap Plan N is a lower-cost alternative to Plan G. It has the same comprehensive coverage benefits as Plan G, except for Part B excess charges. Consequently, any medical provider who does not accept Medicare assignment can charge you up to 15% more than the Medicare-approved price.
Furthermore, anytime you have an outpatient doctor’s office visit, you owe $15 copayment with Plan N. Moreover, you have up to a $50 copayment for every outpatient visit to the emergency room.
Shop the Best Medigap Plans
As a Medicare insurance broker, Senior Healthcare Direct can shop the best Medigap Plans with all the top A-rated carriers. We save you money by comparing prices with many insurance providers. You can shop for the best 2021 Medicare Supplement Plans by calling Senior Healthcare Direct at 1-855-368-4717 or click the button to get your free quote!
Last Updated on October 7, 2020 by Brian Kondas