A. We have introduced Medicare plan here. Now we will discuss how to choose the right Medicare Supplement plan.
Medicare Supplement plans (Medigap plans) pay out-of-pocket costs not covered by Medicare, it has 10 letter designations (A through D, F, G, and K through N). All plans with the same letter have the same coverage, but prices can vary by company.
- Plan F has been the most popular. It covers the Medicare Part A hospital deductible and co-payments, Part B deductible, and some emergency care outside of U.S. Plan F will be discontinued for new Medicare enrollees in 2020.
- Plan G provides the same coverage except for the $185 Plan B deductible.
- Plan N is the best if you don't anticipate many Doctors' visits as it usually has lower premiums in return for some cost sharing.
Most state insurance departments describe the types of medigap policies and list the premiums for plans in their area. You can find your state's insurance department at www.NAIC.org.