Medigap Plans Cost

 

Medigap Plans Cost ranges from $35 all the way up to $300 depending on several factors. There are ten different Medigap Plans available and the cost varies based on the plan, age, zip code, tobacco use, gender, and any household discounts that might apply.

Our websites will help you learn about the different plans and their benefits as well as their cost.

In fact, we are one of the only websites in existence that actually shows you the rates of the plans!

 

Click below to learn more!

What is Medigap?

 

Medigap plans are insurance policies designed to help pay the gaps, or expenses, in Medicare Parts A and B. You are responsible to pay these expenses, so enrolling in a Medigap plan can cut down your out-of-pocket expenses considerably.

When you start on Medicare you enroll in both Part A and B Medicare.

Part A covers your hospitalization and Part B covers your doctor services.

They don’t pay everything though. You have co-pays, deductibles, and coinsurance that you’re required to pay. These are called the “gaps”, or expenses, of Medicare.

 

what each part of Medicare covers

 

A Medigap Plan helps pay those gaps and that’s where they get the name Medigap from.

Now, Medigap plans are “standardized” by the Federal government. This is a good thing because it makes it easy to choose a plan.

Standardized means that each company has the exact same coverage within each plan letter.

What that means is a Medicare Plan G offered by Aetna is identical to a Medicare Plan G from Mutual of Omaha.

The government did allow them to offer different premiums for each one. Another great thing! We don’t want the government too involved in choosing the prices for these.

Plus it allows us to shop the rates for you each year and save you money.

 

 

Medigap Plans – What’s Best

Currently, there are ten different Medigap plans to choose from that are offered by Medicare and the insurance companies.  This is far too many!

 

Medicare Supplement Plans

 

 

Many of these are not even worth looking at and several provide less coverage for higher premiums than the most popular plans.

So we’re going to focus on the most popular plans, which are the ones you likely enroll in.

 

The Best Medigap Plans are:

  • Medicare plan G
  • Medicare plan N
  • High-deductible Plan G

 

 

Medigap Plan F

 

Medicare Supplement Plan fIn January of 2020 Medicare removed plan F from the lineup.  This is only for people just coming on Medicare on or after that date.  If this is you, you’re not allowed to enroll in a Medicare plan F.

Don’t worry though that’s not a bad thing there are better options.

Medicare supplement plan F covers 100% of the gaps of Medicare parts A and B.  This means you get no medical bills.

This plan became very expensive as you might imagine, which is why it’s no longer offered to new beneficiaries on Medicare.

For anyone who still has a plan F, I can understand why you love the 100% coverage.  However, you are paying far too extra for too little benefit on plan F.green arrow

We highly encourage you to use our FREE online quote engine to check the rates of Plan G and Plan N to save you money. Just complete the form you see to the right, and you will view the rates of each plan in your area from the top companies.

Medigap Plan G

 

medicare part g The only difference between Medicare plan G and plan F is who pays the annual part B deductible from Medicare.  Remember part B pays for doctor’s services.

Prior to Medicare Part B pays 80% of your medical bills, you need to pay the part B deductible.  Medicare plan F pays this for you.

Now, this deductible in 2021 is $203, and in 2022 it will likely go closer to $210.

If you have a plan F you are likely paying far more than $203 extra in premiums over plan G, just to get the deductible paid for you.  Does that make sense?

In other words, you might be paying 400 extra dollars a year, to get a $203 benefit.

With Medicare Plan G you simply pay the part B deductible yourself each year.  However, your premiums are far lower each month, which results in more money staying in your pocket.

As far as out-of-pocket expenses, that is it for plan G other than your monthly premium which of course you need to pay for any Medicare supplement plan.

With plan G, you simply pay the deductible and then get 100% of your bills paid for the rest of the calendar year.  I say calendar year because this deductible resets each January.

 

Click below to learn more about Medicare Plan G!

 

Medigap Plan N

 

Behind plan G, the next most popular plan is absolutely Medicare supplement plan N.  This Medigap plan is very close to the coverage of a Medicare plan G, and that you still pay the annual part B deductible yourself.

The big difference is the fact that Medicare plan N has lower premiums each month than plan G.  In exchange for lower premiums you have some additional responsibilities of costs that could come up over the course of the year.

 

Medicare Plan N Co-pays

Medicare Plan NSome of these included a small co-pay per doctor’s visit after you pay your part B deductible.  With each visit you have a chance to get a small co-pay, however will never be more than $20.00.

There could be no co-pay or just a small amount for doctors’ visits as it just depends on how they code the medical procedure that you had.

Another expense that could come upon plan N is if you visit the emergency room and you’re not admitted, you be required to pay a $50.00 co-pay.

 

Medicare Part B Excess Charges

 

As well, Medicare plan N does not cover what is called part B excess charges. Medicare part B These are extremely rare.

What this means is if the doctors that you visit do not accept the assigned rates for Medicare they can charge up to 15% extra on top of what Medicare charges.

You’d be required to pay a percentage of this 15% which would actually be quite small.

Most doctors in the country do not do this, so just call your Dr. To see if they do or not.  They should not prevent you from looking at plan N is a great option.

Many people who are very healthy but do want a Medigap plan due to the flexibility of no network love a Medicare plan N.

Its lower premiums and lower rate increases each year over plan G make it a fantastic choice.

 

Click below to learn more about Medicare Plan N!

 

 

 

Medigap Cost – How much is it?

 

By now you likely have come to the conclusion that Medigap insurance is fantastic coverage.

Again the most important thing to keep in mind is the difference in premiums from insurance companies, for exactly the same coverage.

Getting quotes from multiple companies online for Medigap plans cost is nearly impossible.

This is because it’s very expensive to list the quotes, and most agencies just want to call you and try to sell you something. They’re not interested in giving quotes away free while risking never speaking to you.

Medicare Supplement PlansWell here at Medisupps.com, we’ve helped well over 20,000 people over the last 12 years with their Medigap insurance, and we’ve always shown the rates on our website!

So by clicking the button below you’ll be brought to a quick form. Once you complete that the rates from the top companies will display for the most popular Medigap plans.

These are real, accurate, up-to-date rates!

 

 

But the easiest way to get quotes and find out the cost of Medigap plans is to just give us a call now at 1-888-891-0229.

We will get you in the best spot with your Medigap insurance now and for years to come, especially when you get those rate increases that happen every year with these plans.

We’ll help you get the best Medigap insurance now, and for years to come!

 

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