Medicare Supplement Plan F
There was a time when Plan F was the top-selling Supplement plan. Seniors would choose it over the other options time and again because of its comprehensive insurance coverage. It offers full supplemental benefits, which means it covers this entire list:
Medicare Part A copayments (hospital visits)
Medicare Part B copayments (doctor’s office visits, emergency room visits)
Medicare Part A hospice copayments
Medicare Part B excess costs
Medicare Part A annual deductible
Medicare Part B annual deductible
First three pints of blood for the year
Foreign travel costs for emergency medical services (up to $50,000 over your lifetime and up to 80% for each occurrence)
Nursing care coinsurance
Plan F offers all of this coverage and leaves you with no supplemental expenses to pay. That can provide you with a lot of peace of mind about your healthcare. You won’t have to wonder what you’ll be covered for and if you will have to pay a lot out of pocket. That can be helpful for those people who are wary of going to the hospital or visiting the doctor because they are concerned with how much they will be responsible for paying.
The downside to enrolling in Plan F is that it is prohibitively expensive. It doesn’t make sense for most people to have Medicare Supplement Pan F as their insurance plan because of how expensive it is, especially when compared to the other Medicare Supplements. Plan F is simply overpriced, and it is because of that high cost that the government actually stepped in with some legislation a few years ago and delisted Plan F, along with Supplement Plan C.
Now, if you wanted to enroll in Plan F, you would be out of luck. Those who were enrolled in this plan when it was delisted were able to keep the plan, if they wanted, but no one new could sign up for it. The only people who even have Plan F anymore and who have access to it are those who stayed enrolled when it was delisted. So, if you are looking for this once popular plan and cannot find it any longer, you now know what has happened to it.
Medicare Supplement Plan G
This Supplement plan is now the most popular and best-selling one available. It offers almost full supplemental coverage, which explains why it is so popular. There is simply something appealing about knowing that most of your medical expenses will be covered when you go for a stay at the hospital or you go to visit your doctor. You don’t have to worry about how much you’ll have to pay out of pocket because your health insurance plan does such a good job of covering you.
Plan G covers you for foreign travel exchange costs, three pints of blood, the Part A deductible, Part A and Part B’s copayments, the Part B excess charges, Part A hospice coinsurance, and nursing coinsurance. It doesn’t leave much for you to pay out of pocket, as far as supplemental expenses are concerned.
While Medicare Supplement Plan G is a pretty good deal, it can be kind expensive for some seniors. In most cases, the value it offers is worth the price, but not every insurance company sells Plan G at a a reasonable, competitive price. As the top-selling Supplement, Plan G can be priced a little on the high side just because of its prestigious status. This was the same problem with Plan F when it was widely available. Due to its status and popularity, some insurers were able to get away with overpricing it.
Medicare Supplement Plan N
For a more economic choice, we suggest you consider Plan N. This one is more restrained than Plan G, and if you look at our Medicare Supplement plans comparison chart 2021, you will see that the coverage is very similar between the two.
Plan N covers all the same benefits as Plan G, with a few small exceptions. It does not cover the Medicare Part B excess charges, and it does not cover a couple of the smaller Part B copayments. These it leaves for you to pay, but those are going to be either very small expenses or rare ones, so you can actually save money by choosing Plan N as your coverage policy and then paying those leftover expenses out of your own pockets. This what we mean by it being an economical plan. It strips away the unnecessary and superfluous coverage that some of the other Supplement plans provide, and it gives you just the essentials. That way, your money isn’t being wasted on medical benefits that are cheaper to pay on your own or that are unlikely for you to ever have to experience.