Medigap Monday: What is the Only Difference Between Plan F and Plan G in 2019

The Medicare Supplement Plan F has been the most popular Medicare Supplement plan over the last 25-30 years. I call it the “Full Coverage” plan because you can go to any doctor or any hospital in the country that accepts Original Medicare and as long as it’s a Medicare covered service, there are no co-pays or deductibles, all the bills are paid. However, in 2019 the better choice is Medicare Supplement Plan G, which I call “Greatest Value”.

The only difference in benefits between the Medicare Supplement Plan F and the Medicare Supplement Plan G is Medicare’s Part B annual deductible, which for 2019 is $185. Once that deductible has been paid, the Medicare Supplement Plan G covers exactly like the Medicare Supplement Plan F. There are two reasons why I recommend the Medicare Supplement Plan G over the Medicare Supplement Plan F.

  1. The difference in premiums between the two plans will save you money. The average cost of the Plan F is $600-$800 more a year in premiums than the Plan G. If the only difference between the two plans is $185, why pay that much more in premiums to Plan F for it to only pay $185 on your behalf? For those of you that have been on the Plan F for more than a few years, you could probably save $800-$1,200 in the year by switching from the Plan F to the Plan G.
  2. With the changes being made to the Plan F by MACRA in 2020, the Plan G has a much more stable premium than the Plan F and I’m anticipating that to continue.