So just what is the most popular Medicare supplement plan?
Well, we get asked that a lot around here. And it’s because Medicare decided to put out so many different plan letters that it really just confuses everybody.
Top 5 Medicare Supplement Plans for 2022
- Medicare Supplement Plan G
- Medicare Supplement N
- Medicare Supplement Plan F
- High Deductible Plan G
- Medicare Supplement Plan K
Watch the video below to learn what the most popular Medicare supplement plan is!
Medicare Supplement Plan G
The most popular Medicare supplement plan available now is Medicare supplement Plan G. Plan G offers great coverage with only one small deductible you have to pay each year.
With Plan G, you only pay the annual Part B deductible first before Medicare and your plan start paying your medical bills.
After that, you get 100% coverage on all Medicare-approved expenses for the rest of the year!
Medicare Part B Deductible
Before I go on let me just quickly explain what a deductible is for those who don’t understand it…
A deductible is a set amount of money that you must pay prior to Medicare, as well as the supplement plan coming in and picking up the difference.
Now again, with Plan G, you just have that one deductible.
It’s called the Medicare Part B deductible, and in 2021 it’s $203. It will go up as it does every year a bit in 2021.
Now once you pay that amount (the first $203 of your Medical bills of 2021) Medicare and the supplement will begin paying.
Between the two they will pay the difference 100% with a Plan G up to no limit.
So now you can see why Medicare Supplement Plan G is the most popular plan!
Medicare Supplement Plan N
Now, coming in to close second is Medicare Supplement Plan N, which I happen to love.
It’s a great plan, and it has lower premiums than Plan G.
Now, you don’t get the same coverage with lower premiums.
There are a few additional out-of-pocket expenses that you could get with Plan N.
So let’s talk about what some of those out-of-pocket expenses could be.
Plan N, it’s very similar to Plan G.
You pay the Part B deductible and then you get your coverage from Medicare and then the plan.
But with a Plan N, if you visit the doctor after you meet that deductible, you could get up to a $20 co-pay.
Now, it could be less than that, or it could be no co-pay, but it just depends on how they code it.
Another expense with Plan N is if you visit the emergency room and you’re not admitted, they will charge you a $50 co-pay.
That’s just to keep people out of the emergency room for small things.
One more thing with Plan N, it doesn’t cover what’s called Part B Excess Charges.
Don’t let that worry you. Nobody really ever gets these, although you could if you see a doctor’s that doesn’t accept Medicare assignments.
All that means is if your doctor doesn’t take the assigned rates for Medicare, they could charge a little extra and you would have to pay a percentage of that.
In the 13 years, I’ve been in business, none of my clients have ever seen a Part B Excess Charge and Plan N with its lower premiums than Plan G makes for a great option.
Especially for those who are healthy but want NO network and great coverage!
The Top Medicare Supplement Companies
While there are many companies out there that offer Medicare supplement plans, not all of them have competitive premiums.
Perhaps they’re new to Medicare, or they simply got priced out of the market due to high health claims.
Either way, below is a list of the strongest and most popular companies that we represent.
Remember, never just pick a company out of thin air! Allow us to shop the rates from all of them to help get you in the best spot.
Aetna Medicare Supplement
Aetna is an insurance company providing a wide range of packages that includes household and dental covers.
The dieting and exercise plan is a plus for Aetna considering the increased rate of lifestyle diseases.
Some plans under PPO and HMO provide transport services during an appointment and several meals after hospitalization.
Mutual of Omaha Medicare Supplement
This supplement plan provider is based in Omaha, Nebraska, and has reputable customer service. It is one of the most stable underwriters for decades and offers steady rates to its customers.
With over 100 years of experience and up to a 12% household discount, Mutual of Omaha is a leader in Medicare supplement insurance and provides outstanding client service.
Cigna Medicare Supplement
Cigna is a global giant in insurance offering assorted insurance plans. It is based in Bloomfield, Connecticut, and Philadelphia, Pennsylvania.
Cigna covers medical insurance, life insurance, and accident plans. There are no network restrictions with Cigna.
This company has dedicated its resources to the well-being of the senior class and retirees. It operates as a nonprofit-making organization.
Their insurance packages are customer-oriented providing them with enormous gains. Every member is entitled to a nurse 24/7, a fitness plan, and visual and hearing aids under this provider.
This makes them stand out from other insurers.
BCBS Medicare Plans
BCBS is an assemblage of 36 smaller companies with personalized member benefits. It is among the most competitive insurer in the US due to its specialized low rates.
BCBS rarely has the best rates, however, and we can certainly check them at any time for you if you like.
But keep in mind, they’re just a name, and there’s no reason to overpay as every company has the same Medicare supplement coverage!
So What is the Most Popular Medicare Supplement plan?
By a longshot, it’s Medicare Plan G. However, Plan N is also a great option.
So the easiest way to see which one is going to be best for you is to just give us a quick call at 1-888-891-0229.
We’ll check the rates in your area and see which one matches up to your personal situation the best.