best medicare supplement plan

What is the best Medicare Supplement Plan?

What is the best Medicare Supplement Plan?

We compare the best Medicare Supplement plans for 2020: Plan F vs. Plan G vs. Plan N. Figuring out the best Medicare plan on your own can be difficult. We help you determine the best Medigap plan for you.

best medicare supplement plan
We help you figure out the best Medigap Plan

Which Medicare Supplement Plan is best for you?

The following three factors will help you determine the best Medigap Plan for you:

  • Eligibility – Who is eligible for the plan?
  • Coverage – What does each plan cover?
  • Expense – What are the costs of each plan?

Your Medigap Plan Eligibility

In general, you must have Medicare Part A and Part B to be eligible for a Medigap plan. In 2020, anyone new to Medicare is eligible for Plan G and Plan N. However, Plan F is not available to people new to Medicare starting on January 1, 2020. On the other hand, if you are covered by Plan F before January 1, 2020, you can keep Plan F. 

Best Medigap Plan Coverage and Cost

Medigap Plan F provides you with full coverage benefits. Medigap Plan G offers the same coverage benefits of Plan F except you pay Part B deductible of $198 in 2020. Likewise, Medigap Plan N provides the same coverage benefits of Plan G, except you pay up to $20 for outpatient doctor visits and up to $50 for outpatient emergency room visits. The Best Medigap Plans chart summarizes the coverage benefits and costs.

Best Medicare Supplement Plans chart
Embed and Download the Best Medigap Plans infographic.

Best Medicare Plan for 2020

The best Medicare Plan for 2020 is Plan G. When you compare Plan G vs. Plan F, the Medicare plan with the best value is Plan G.

Why is Plan G the best Medicare plan for 2020?

There are many reasons why Plan G is the best in 2020. Plan G saves you more money on premiums over Plan F. Moreover, the only out-of-pocket difference is $198 one-time annual deductible. Other than this deductible, Plan G coverage is the same as Plan F. So why pay more for Plan F when Plan G has the same coverage benefits? There is no reason to pay more for Plan F. Therefore, the best Medicare Plan for 2020 is Plan G.

All Medigap Plans are standardized

In total, there are ten standard Medigap Plans in all states except Massachusetts, Minnesota, and Wisconsin. All Medicare Supplement plans include plans A, B, C, D, F, G, K, L, M, and N. You can compare all Medigap plans with our 2020 comparison chart.

How to Shop for the Best Medigap Plan?

Standard Medigap Plans offer the same coverage benefits in all states. So you can shop Medicare Supplement Plan G, and the coverage benefits will be the same no matter what insurance carrier you choose. For example, you may select Plan G through AARP or Aetna or Mutual of Omaha. Whichever insurance carrier you pick, you will get the same Plan G benefits. However, the monthly premiums between these companies will vary. Thus, a Medicare insurance broker makes it easy for you to compare rates with multiple insurance companies and save you money.

A Medicare Broker can save you money!

The smart move is to shop your Medigap plan with a Medicare insurance broker who represents all the top A-rated carriers. Such a broker is Senior Healthcare Direct, where you can compare prices with multiple insurance carriers, so you save money on the best Medigap plan. Speak to a licensed agent at 1-855-368-4717 or get a quote.