Medicare Supplement Plans Comparison Chart 2021

 

 

Medicare Supplement Plans

Russell Noga

Well, 2021 is nearly upon us, and you might be wondering what changes are taking place for Medicare supplement insurance.

In 2020 we saw Plan F removed from the lineup for anyone new coming to Medicare.

This made Medicare Plan G and N the most popular plans available for those just turning 65 or coming on Medicare for the first time.

I’ll be talking about the Medicare supplement plans comparison chart for 2021. And believe me, reading this thing is like watching paint dry!

Well okay, maybe it’s not THAT bad. There are just far easier ways to learn about the differences in plan letters.

Start with my video below if you want to take the easy way, trust me!

But i’ll make it fun and easy, and most of all, inform you about the Medicare supplement plans for 2021 and help you determine which plan is best for you.

My name is Russell Noga with Medisupps.com.

We’ve been in business for over a decade helping seniors with their Medicare Medicare Supplement Plansinsurance nationwide in a total of 47 states.

So there’s a great chance we can easily help you in your state too!

I’m very grateful for you coming to our website to read about the plans chart and your different options.

This chart is not that complicated if you get a little guidance, and they’re really are only a few different plan letters that make the most sense.

So let’s dive into it!

 

Medicare Supplement Plans Comparison Chart

 

I personally think the chart is too hard to read for most people.

Only because people tell me all the time “Okay, how do I read this thing?!”

To make it easy, watch the video below!

 

Medicare Supplement Plans Chart – How to Read it

 

In the left column is a list of benefits, and to the right of them shows the amount that each plan letter pays.

On the top, you’ll see all of the Medigap plans for 2021 that are being offered, broken down by Plan letter.

Now, there’s a couple of letters missing if you were checking alphabetically (and I know you were!) because a few letters got eliminated back in 2010.

And a couple of different plan letters got added as well.

Medicare Part E F G

The main Medicare Parts which provide you the base of your coverage are Medicare Part A, Part B, and Part D.

There is a Medicare Part C which is a Medicare Advantage plan, that you can only obtain if you opt-out of Medicare Part A and B. You may not have an Advantage plan and a Medigap Plan together either.

The Medicare Parts stop at Part D though, there is no Part E, F, or G.

Many people do in fact get “part G” confused with Medicare Supplement Plan G. It is in fact a Medigap Plan though, not a part of Medicare.

 

Medicare Supplement Plans

 

Top 5 Medicare Supplement Plans for 2021

  • Medicare Supplement Plan G
  • Medicare Supplement Plan N
  • Medicare Plan D
  • High-Deductible Plan G
  • Medicare Supplement Plan K

Medicare Supplement Plans 2021

 

There are no major changes happening with Medigap plans for 2021, however, there are few things it should be taken into consideration particularly for people still on Medigap plan F.

As in previous years, the most popular Medicare supplement plans for 2021 will be:

  • Medicare plan G
  • Medicare plan N
  • Medicare plan F*

medicare supplement plans

Now, if you’re new to Medicare starting on January 1st of 2020 and beyond that, you’re not allowed to get a Plan F.

That being said, I realize there are still a lot of you out there that still have plan F.

Even though plan F went away, for now, people to enroll in, you were obviously allowed to keep it and that is fine, however, I would encourage you to look at Medicare supplement plan G for 2021 is the savings could be massive for you.

Plan F is now a closed plan, which means historically when anytime that’s happened, there have been very high rate increases because there are no new premiums coming into it to offset the claims being paid out, which is how rate increases are actually determined.

 

Medicare Supplement Rates

Medicare Supplement rates are determined by a number of factors. In fact, without giving this information to an agent you cannot get an accurate quote.

This is because there are different “risks” within each of these factors. For example, the premiums for Males are most costly than for Females, rates in Florida are higher than North Carolina, and tobacco users typically pay higher premiums.

The factors they use to calculate Medicare Supplement Rates are:

  • Gender
  • Age
  • Tobacco use
  • Zip Code
  • Household discounts

 

Medicare Supplement Comparison

 

Medicare Supplement PlansSo if you’ve got a Plan F, your premium is likely pretty high and is going to keep getting higher.

Give us a call to shop or discuss at least some other options, even to look for lower premiums on Plan F for you.

Keep in mind you don’t have to stay with the current company you have for Plan F.

So while I’m on the topic of Plan F we’ll discuss those benefits first.

 

Medicare Supplement Plan F

 

Medicare Supplement Plan fPlan F offers 100% coverage down the board, except for foreign travel, where they’re all paid that 80% for emergencies only. There are a couple of other benefits.

I’ll get into that in a little bit here.

But 100% of your main medical expenses picked up by Medicare as well as Plan F. And that’s from day one.

Again, people new to Medicare can’t get a Plan F, but that’s a good thing.

Why?

It’s too expensive with too little benefit.

Only folks who were enrolled in Medicare Part A and B prior to January 1st of 2020 may enroll in a plan F.

What is the Best Medicare Supplement Plan F?

There is no “best” plan F because Medicare supplement plans are standardized by the government. This means they set the rules, and every single insurance carrier offers identical plan letters and coverage.

This Means an AARP Medicare supplement Plan F is identical to an Aetna Plan F. The premiums, however, can be dramatically different!

Medicare Supplement Plan F Rates

To view Medicare supplement Plan F rates online just fill out the form to the right. You will see quotes instantly displayed for Plan G, F, and N from the top carriers!

Plan F is 100% coverage. But when you compare Plan F to Medicare Plan G, the premiums for Plan G are far less. You’ll find that Medicare Supplement Plan F rates are typically far more expensive than Plan G.

And there’s only one difference in coverage as you can see on the chart by the big white square under the Plan G column.

That means you don’t get any coverage for this. So let’s follow it over and you can see that is the Medicare Part B deductible that’s not covered under Plan G. But that’s it.

 

Plan G comparison chart

 

Medicare Part B Deductible

 

Well, the Part B deductible is what’s required to be paid by you Plan G.Medicare Supplement Plans

This is prior to Medicare and the supplement plan than coming in and paying the rest.

So with Medicare Supplement Plan F keep in mind, the plan is giving you a $198 benefit, meaning they’re paying the deductible for you, and it’s $198, at least in 2020.

This example works in every year, though.

With Medicare Plan G, after the deductible is met it’s 100% coverage for the remainder of the year.

I guarantee you you’re paying at least $300 a year or far more in premiums for Plan F over G, simply to get a $198 benefit.

In fact, based on what I just found out this week when I was running quotes for people, some were paying $400 or $500 extra a year.

A couple examples were with a couple, with a spouse, and it was even more than that, just to get a $198 benefit.

Medicare Supplement PlansThat’s like me saying, “You give me 400 bucks in cash and I’ll give you $200 back. How does that sound?”

It sounds like a really bad deal. That’s because it is.

And you’re subject to higher rate increases on Plan F now that the plan is closed.

 

Medicare Supplemental Plan G

 

So the Part B deductible is paid 100% by Plan F, and with Plan G you pay it yourself.

That’s the only difference. Well, aside from much lower premiums and rate increases for Plan G.

Now, you may be asking, “Well, how much is the deductible?”

Well, it changes a little every year. For 2020 the amount is $198 and it will go up slightly for 2021.

Now, the plan chart you see below on this web page is for 2021, which means this coverage is not changing through 2021. And probably won’t for a couple of years after that.

And Medicare has not released the deductible yet, at least at the time of this article.

So for 2020, that deductible is $198. Now again, with Plan G, you’re required to pay that yourself. Plan F pays it for you.

 

The Best Medicare Supplement Plan G

Often we get asked “What is the best Medicare supplement plan G?” Well, the answer is always the same, because Plan G is always the same no matter which company you enroll with!

Medigap plans are standardized which means they are identical benefits within each plan letter no matter which company offers the plan.

This makes making a Medicare supplement Plans comparison very important, as well as a rate comparison. There is no need to pay more than you should for any Medigap plan, and we can help!

 

What is the Most Popular Medicare Supplement Plan

Plan G is definitely the most popular plan now especially for new people turning 65, you simply write the check for your first medical bills in the amount of the deductible.

In 2020, it’s $198.

So the first $198 of your medical bills, you pay. After that, you get all that great, 100% coverage just like Plan F did, but you have much lower premiums.

So if you do currently have a Plan F and you’d like us to shop the rates for Plan G, I highly recommend it, just give me a call at 1-888-891-0229.

 

 

Medicare Supplement Plan N

 

One other plan we’ll discuss on this chart is Medicare Plan N.

But before I do, you’re probably wondering “What about all the other letters on this Medicare Plan Nchart?”

I understand, it seems like there are so many other options and you want to know about them.

Well, most of them in my experienced opinion, would be a terrible option for you.

The reason I skipped over K and L and M, well, nobody writes M. I’ve never written anybody on Plan M and I don’t even know many companies that even offer it.

However, K and L have 50% coverage on some benefits and 75% others. As you can see on the chart, the next plan up which is Plan N offers 100% on many of those same items.

My point is, if you like getting a lot of miscellaneous medical bills, in this case, 50% of these bills if it comes up and 25% for others, then those plans are for you.

I’ll find you a company if you’re dying to have one of them.

Medicare Supplement PlansI don’t recommend it, though. Here’s why.

K and L, with these miscellaneous gaps in there, are probably going to be almost the same price as a Plan N, even if I can find you a K and L.

So if you pay $2 or $3 extra a month for Plan N over those plans and have 100% coverage, you can see that’s the way to go.

 

Medigap Plan N is a better choice

 

Now, with Plan N, it’s very similar to Plan G, you pay that Part B deductible yourself.

After that, however, you might have a co-pay of up to $20 per doctor’s visit or a specialist visit.

The co-pay is $20. It will never be more than that. But it could be less. It could be $6 or $9, or maybe zero dollars.

A lot of clients don’t ever see a co-pay, or maybe they pay a small amount. And that’s per doctor’s or specialist that you could have a co-pay.

So if you go to the doctor a lot and you have a medical condition that requires frequent visits, we might want to look at Plan G instead of Plan N for you.

 

Medicare Supplement Plans

 

That’s only because those co-pays could add up with frequent visits.

But what’s most important, regardless of your situation, is that we check the premiums between the two and see how much difference there is.

In fact I just came across a great example of this. I just got done running quotes for a couple in Texas just prior to writing this article.

The premiums for Plan Medicare Supplement PlansN were $30 less per month for Plan G, for each of them.

And they were healthy.

So naturally, we signed them up on Plan N right away and they’re thrilled.

So that gives a little bit of a breakdown of how Plan N works.

 

How to Get Quotes and Enroll for 2021

 

To get quotes on any of these just simply give us a call. You can reach us at 1-888-891-0229.

We’ll show you the rates for all the top companies for these plan letters.

And we’ll save you money now as well as for years to come, especially when you get those rate increases because you will on all of these plans.

We look forward to speaking with you, and answering any questions you might have!

 

Click below to get quotes now!

 

Medicare Supplement Plans

 

 

Medicare Supplement Plans

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