What are the top three Medicare Supplement Plans?

medicare suppliments

How to Pick a Medicare Supplement Plan

Medicare Supplement Plans are plans offered by private insurers meant to help you reduce your out-of-pocket expenses associated with Original Medicare. For an additional monthly premium, these plans cover the out-of-pocket expenses that you would normally have to pay with Original Medicare. For example, Original Medicare Part A covers hospital costs for a certain number of days, but the patient is responsible for costs after that time period. Supplement plans can cover that additional cost.
Although private insurers offer these plans, they must adhere to the ten templates set by the Centers for Medicare and Medicaid Services (CMS). These ten plans are: A, B, C, D, F, G, K, L, M, N. Each of these templates covers out-of-pocket costs to a different extent. While private insurance companies can offer these plans at different rates, they have to adhere to the coverage rates outlined by each of these templates. Plans C and F are no longer offered to people who are newly eligible for Medicare as of January 2020. Plans F and G are special because they have a high deductible option.

Most Popular Plan Types

The three most popular Medicare Supplement Plan types are: F, G, and N. While F is no longer offered to people who are newly eligible, it is still available to people who were eligible prior to 2020. Compare all three plans below.

Medicare Part A Coinsurance and Hospital Costs

  • Plan F – 100%
  • Plan G – 100%
  • Plan N – 100%

Medicare Part B Coinsurance or Copayment

  • Plan F – 100%
  • Plan G – 100%
  • Plan N – 100%

First 3 Units of Blood

  • Plan F – 100%
  • Plan G – 100%
  • Plan N – 100%

Skilled Nursing Facility Care Coinsurance

  • Plan F – 100%
  • Plan G – 100%
  • Plan N – 100%

Part A Deductible

  • Plan F – 100%
  • Plan G – 100%
  • Plan N – 100%
Part B Deductible
  • Plan F – 100%
  • Plan G – 0%
  • Plan N – 0%
Part B Excess Charges
  • Plan F – 100%
  • Plan G – 100%
  • Plan N – 0%
Foreign Travel Emergency
  • Plan F – 80%
  • Plan G – 80%
  • Plan N – 80%
Out of Pocket Limit (2020)
  • Plan F – No limit
  • Plan G – No limit
  • Plan N – No limit
You can compare Plans F, G, and N to the other Supplement Plans on our web page. These plans have the most comprehensive coverage out of all ten plans.
For all of your Medicare Supplement questions and concerns, feel free to contact us at Proinsurance Hawaii today.