How Many Medigap Plans Are There?

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2 responses to “How Many Medigap Plans Are There?”

1. 

   July 29, 2014

   Jason Goldenzweig

   There are a total of 11 Medigap plans (when you include the high-deductible plan F) – plans A, B, C, D, F, Hi-F, G, K, L, M, and N. High-deductible plan F is just the regular plan F, but features a deductible on the plan to reduce the premiums ($2,140 in 2014).

   Plans F and G are your most comprehensive plans and by far the most popular plans people choose – the reason being that they create the most predictable healthcare expense structure possible for Medicare beneficiaries. In short, you’re paying your premiums and you’re done – you won’t get hit with any massive hospital bills after an emergency room visit, surgery, examinations, tests, scans, etc.

   Plan F is your “cadillac plan” that covers all of the benefits at 100%. Plan G is your second most comprehensive plan as it features the same structure of Plan F, except you would pay the Medicare Part B deductible ($147 in 2014). When you’re deciding between which of these two plans to apply for, look at the annualized premiums of the two options and if you save more than $147 in Plan G premiums, it will be the better option (and vice versa – if it’s less than $147, go with the Plan F).

   I hope the information is helpful – please feel free to contact me for assistance with your coverage and if you have any other questions. Thanks very much.
2. 

   July 29, 2014

   Joann Quinn

   There are 10 standardized Medigap Plans (A, B, C, D, F, G, K, L, M, N).  Plans E, H, I and J are no longer available to purchase.

   In some states, you may be able to buy a Medigap SELECT policy or a High-Deductible Plan F.  The SELECT plans requires you to use specific hospitals.  The deductible for High-Deductible Plan F is $2,140 in 2014. 

   Plans F, G, and N are widely sold by most Medicare Supplement insurance companies.  They are popular with Medicare beneficiaries for various reasons.
   
   Plan F covers all Medicare approved charges.  You are not responsible for paying any deductibles, co-pays or excess charges.

   Plan G is covers all Medicare approved charges after you’ve met the annual Part B deductible of $147.  You have all the same benefits of Plan F after meeting the small deductible.

   Plan N covers all Medicare approved charges after you’ve met the annual Part B deductible of $147.  You also have co-pays that are never more than $20 to any doctor/specialist who accepts Medicare.

   If you have more questions about Medigap Plans, please feel free to contact me 1-888-411-1329.