Medicare Supplement Plans Comparison Chart 2024

Compare affordable Medicare Plans

Russell Noga
by Russell Noga | Updated Austin 20th, 2023

In today’s economy, it’s not hard to see that every dollar counts. And this especially rings true for people on Medicare.

Choosing the right Medicare plan and company has never been as important as it is now. And with 12 different Medicare Supplement Plans in 2024 available, finding the right plan to fit your needs can seem overwhelming.

How to Compare Medicare Supplement Plans in 2024

This article helps easily break down the difference between the most popular plans and can help you decide which one is right for you in 2024.

Below you’ll find the Medicare Supplement comparison chart for 2024 showing 12 standardized Medigap plans in all. This includes 10 standard plans as well as 2 high-deductible options. 

Keep in mind, each insurance company offers the same Medigap plans and coverage, but they all charge different rates. 

While there are 10 Medicare Supplement plans listed on the comparison chart, the majority of Medicare beneficiaries who enroll in a Medigap plan choose just one of just a few options.

 

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The Best Medicare Supplement Plans for 2024?

Aetna Medicare Supplement plans

As in previous years, the majority of people enrolling in a Medigap plan in 2024 will likely choose one of the following three plans:

     Medicare Plan F*

    Medicare Plan G

      Medicare Plan N

 

*Plan F is only available to those who were enrolled in Medicare prior to January 1st of 2020

medicare experts

New to Medicare?

If you are new to Medicare, then you may not enroll in a Medicare Supplement Plan F as this is no longer available to anyone who enrolled in Medicare after January 1st of 2020.

Medicare Plan G is a better option though, as it will save you money and has nearly identical coverage to Plan F.

Medicare Supplement Plans Comparison Chart

Below is the Medicare Supplement Plans Comparison chart for 2024. There are no new plans being added for 2024, and no plans taken away.

In fact, the coverage for each Medigap plan is the same as it was in previous years. The rates from each company, however, may have changed so it’s a good idea to use our free quote engine on this website to compare rates and see if you’re currently paying too much.

Medicare Supplement plans comparison chart

What are Medicare Supplement Plans?

Medicare Supplement Insurance, or Medigap, is insurance offered by private insurance companies that works right alongside Original Medicare (Parts A and B). Medigap helps pay the gaps in Part A and B, and each plan offered has slightly different benefits and coverage.

Medicare “gaps” include expenses such as:

  • Coinsurance
  • Deductibles
  • Copayments

 

One of the gaps in coverage is the 20% of all medical bills that Medicare Part B (Doctors’ services) does not pay. All of the popular Medicare Supplement plans shown above pay the additional 20%, and actually, pay much more than that as well.

 

 

 

Medigap Plan Eligibility

You must be enrolled in both Parts A and B of Original Medicare to enroll in a Medigap plan, and you may not be enrolled in a Medicare Advantage plan at the same time. Of course, the company and plan must be available in your state and you must be at least 65 years old or have a qualifying disability to have Medicare.

Medigap plans and Medicare Advantage plans are two entirely different products. With a Medicare Advantage plan, you replace coverage from Original Medicare with a private health insurance company in a network-based plan. A Medigap plan works with Original Medicare and there is no network as Medicare is a federal program used nationwide.

Medicare Part B Deductible 2024

Out of the three plans mentioned above (Medicare Plan F, G, and N), only Plan F pays this deductible for you.

In fact, Medigap Plan F pays 100% of all the gaps in Medicare, but as mentioned it has limited availability and the highest monthly premiums.

How the deductible works

Prior to Medicare Part B paying any bills for you, a deductible needs to be met each year. This is called the annual Medicare Part B deductible and in 2024 this deductible is $240.

With Medicare Plan G, you pay the annual Part B deductible yourself, and then it pays 100% of the gaps in Medicare just like Plan F. But, the monthly premiums for Plan G are much less than Plan F making it a far better option for most people.

What is the Best Supplemental Insurance for Medicare?

There isn’t a best Medicare supplement plan for everyone, because each person has different needs and a different budget. This is why there are so many Medigap plans offered.

Below is a description of the most popular Medicare Supplement plans in 2024 to help you decide which plan will fit well with your own personal situation. Our licensed insurance agents are also available to answer any questions you have an help find a plan for your own needs and budget.

Medigap Plan F

Medicare Plan F is the most comprehensive plan offered, but as mentioned you must have been enrolled in Medicare prior to January 1st of 2020 to be eligible for the plan. It covers 100% of the gaps in Medicare which made it the most popular plan for the last several years.

Plan F is the highest-priced plan out of all 10 Medigap plans, and anyone still enrolled in Plan F can keep the plan. People who are new to Medicare are better off looking at Plan G or Plan N, as they still have very comprehensive coverage but for far less in monthly premiums.

Medicare Plan F 2023

Medicare Plan F Coverage

Items covered by Medicare Plan F include things like:

  • Medicare Part A and B dedutibles
  • Skilled nursing facility coverage
  • All copays, coinsurance, and deductibles found in Part A and B Medicare

Medicare Plan F Cost

Medicare Supplement plan rates vary depending on different factors such as age, gender, zip code, and more.

Several insurance companies in the country offer Plan F, and while the coverage from each is the same, their monthly premiums are entirely different.

Use our free quote engine on this site to compare rates from top companies in your area to see how much Plan F is.

 

Who is Eligible for Plan F?

Anyone enrolled in Medicare Part A prior to January 1st of 2020 may enroll in a Medigap Plan F, but they must have Medicare Part B in place as well.

If you are disenrolling for a Medicare Advantage plan then you will likely have to wait until the Medicare Annual Enrollment Period (AEP) to apply for any Medigap plan.

Medicare Plan G

Medicare Plan G

Medigap Plan G is the most popular Medigap plan in 2024 for people new to Medicare.  For those who currently are enrolled in Plan F, it’s a good idea to compare rates for Plan G in your area as you could end up saving quite a bit of money by just paying the Medicare Part B deductible yourself with Plan G.

Medigap Plan G Coverage

With Plan G, your only out-of-pocket expense outside of your monthly premium is the Medicare Part B deductible. Once this is met, Plan G pays 100% of what Medicare does not.

This makes it very easy to budget with just one small expense, knowing all of your medical bills will be paid beyond that each year.

Medicare Plan G Cost in 2024

Medicare Plan G cost in 2024 will likely range from $100-$150 on average, however, these rates vary based on a number of factors. Where you live in the country affects the rate, as does your age, gender, and if you use tobacco.

Feel free to call us today, or use our FREE online quote engine to get accurate rates from top insurance companies for Medigap Plan F in your zip code.

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Medicare Supplement Plan N

Medigap Plan N is becoming one of the most popular supplement plans as each year goes by. This is due to its low premiums and outstanding coverage. 

On average, Medicare Plan N is up to $30 less per month in premiums than Medicare Plan G. In exchange for lower premiums, there are a few out-of-pocket expenses that you might incur on Plan N.

If you are enrolled in Medigap Plan N you may have to pay a small copayment ($20) for doctor visits in-person (Telehealth visits do not apply). As well there is a copayment ($50) for emergency room visits if you are not admitted to the hospital, though this does not apply to urgent care center visits.

Medicare Plan N

Medicare Part B Excess Charges

Medigap Plan N also does not cover what is called Medicare Part B excess charges. There is a Medicare-approved amount for all medical services, and a small percentage of doctors in the country do not accept these rates.

In this case, they can charge up to 15% extra. It’s estimated that less than 1% of doctors in the United States charge these, so Part B excess charges are extremely rare. The average excess charge has been shown to be less than $20, and in the rare event one does come up if you have Medicare plan N you will have to pay for these out of pocket.

The lower monthly premiums for Plan N could really add up in savings, even with the extra copays that could come up. To check the rates of any of these plans just enter your zip code above.

Medicare Plan N vs Plan G

Medicare Supplement Plan N and Plan G have similar coverage but can vary widely in cost.

Our agent can help you determine which of these plans will fit your needs the best. As mentioned, in today’s economy it’s best to get the help of one of our experienced and licensed insurance agents to help you save a much money as possible.

Call us today at 1-888-891-0229.

Medicare Plan N vs G

Medicare Supplement Rates in 2024

Medicare Supplement insurance rates are determined using a number of different variables in mind. In order to get an accurate quote you must input this information into a quote engine. We have a free quoting tool above for you to use to help you.

 

Medigap Rates are based on:

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

  How Do Medicare Supplement Plans Work?

First, to get a Medigap plan you must be enrolled in Original Medicare Part A and B.

Once any deductibles are met, Original Medicare Part A or B will pay their portion, and the Medigap plan will pay whatever remaining bills are covered within the plan’s terms.

  What Does a Medicare Supplement Plan Cover?

Each Medicare Supplement insurance offers slightly different coverage, as shown above on the chart. They all contain basic coverage, with some plans covering much more beyond that.

In addition, some Medicare Supplement plans offer extra benefits, such as copayments and foreign travel emergency coverage.

 

  How do I Enroll in a Medigap Plan?

To enroll in a Medicare Supplement insurance plan it’s best if you call us today. Using an independent, licensed agency such as ours makes the process easy from start to finish. We don’t work for the insurance companies, we work for you. And our service is entirely free each year to help you save money.

 

  How do I Choose the Right Medigap Plan?

Choosing the right plan can seem overwhelming. Your needs, budget, and health conditions all need to be considered.

When you speak with one of our licensed insurance agents we will analyze all those factors and pair you up with a plan that we feel will fit your needs best, at the lowest premium we can find.

How to Get Quotes and Enroll in 2024

Our experienced insurance agents can help answer questions you might have about Medicare.

We’ll also show you the rates in your area from top insurance companies in your area and find the best plan to fit your needs.

Call today to get started.

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