Not every Medicare subscriber chooses the best plan for themselves. It’s not intentional; they simply don’t understand the best coverage in their case. They may rely on friends to tell them or they may just kind of jump into a plan blindly. That happens a lot, and with the Medigap plans for 2019 it is bound to happen again.
A lot of people just don’t want to take the time to choose the most suitable plan. That can take too much work, they may think, but that work definitely pays off. There can be a massive cost difference between two different plans, much less between the ten plans that make up the list of Medigap offerings.
You definitely want to know what kinds of plans are available and how they relate to the coverage you need. Some people are going to tell you that a certain plan is better than others, but you need to know that each plan has its merits and no plan is the best one.
You may heart a lot about Plan F from Medigap, as it is the only plan offering full coverage. That’s probably tempting for many people who just want to narrow down the list of bills they pay every month and place it all on Plan F, or as much of it as they can. While it will bear the brunt of your expenses, it is also quite expensive itself. Most people don’t need this plan and would be better off with a different one of the Medigap plans for 2019.
For those who require much coverage, Plan G is actually a good alternative. Like Plan F, it comes with tons of coverage. It takes care of nursing expenses, most deductibles and copayments, hospice care, emergency medical costs for countries outside the US (to an extent), more blood each year and excess charges from Medicare Part B. Plan G is a cheaper plan overall, and it comes with coverage that is pretty much the same as Plan F. You won’t see those small differences that really make a big difference in cost over time unless you examine the plans closely, though.
That’s where many Medicare subscribers mess up. They just don’t put enough effort into looking closely at the plans. But you should if you want to save as much money as possible. Bear in mind that the plans for 2019 may be a bit different from what you are expecting. There may be some tweaks to the coverage, and the price may have gone up as well. But just keep tabs on the plans and try to find the one that you think will best fit you for the coming years.
You may need to change your plan at a later date, and that’s fine, but just learning about what the plans are offering and checking some prices can goa long way towards helping you have a really good coverage strategy in place. And that is the kind of strategy every Medicare subscriber (and soon-to-be subscriber) needs to have in place. You can do that by getting to know the Medigap plans for 2019.