Which Medicare Supplement Plan is Better: Plan F or Plan G?
Plan F or Plan G? This is a question that we hear all the time. We understand – it’s confusing. Let’s deep dive a bit into what each plan covers.
Overview of Medigap Plan F Benefits
Of the ten Medicare supplement plans, Medicare Supplement Plan F offers the most comprehensive coverage. This plan covers the gaps in both Part A and Part B. This includes:
- Part A hospital deductible and coinsurance
- Hospital costs up to an additional 365 days after Medicare benefits are exhausted
- Part A Hospice care coinsurance or copayment
- Blood (the first three pints)
- Other Medicare approved expenses associated with Part A hospitalization
- Medicare Part B coinsurance and copayment
- Medicare approved doctor’s office fees
- Part B deductible
- Medicare Part B excess charges
- Other Medicare approved expenses associated with Part B coverage
- 80% of your foreign travel emergency
In the end, Plan F policyholders will essentially only pay their monthly premium. They will not incur any out-of-pocket costs for medical expenses. Because of this, the Plan F premium is generally the most expensive. Many people choose the Plan F because of its full coverage. The main difference between Plan F and Plan G are the premiums. Because of the difference in premiums, Plan G can sometimes be the smartest option.
Learn more about Medicare supplement Plan F: What Does Medicare Supplement Plan F Cover?
Overview of Medigap Plan G Benefits
Medicare supplement Plan G is identical to Plan F, with the exception of the Part B deductible. Once Plan G policyholders pay their Part B deductible ($185 for 2019), they essentially have the Plan F. Plan G monthly premiums are typically much less expensive than the Plan F premiums. Although the Part B deductible is not covered, Plan G policyholders will typically save money overall with Plan G due to the premium difference.
Ultimately, Plan G has the same benefits as the Plan F, minus the Part B deductible ($185 for 2019). Once the Part B deductible is paid, they both offer full coverage.
Learn more about Medicare supplement Plan G: Medicare Supplement Plan G
Which Medicare Supplement Plan Is Best for Me?
Your monthly Medigap premium depends on many factors such as your current health conditions, age, gender, and the company you choose for your Medicare Supplement Insurance. Although the Plan F premium is more expensive, many individuals forego the less expensive Plan G and choose the Plan F simply because it offers full coverage.
In order to understand all of your options and which plan best fits your health conditions and lifestyle, we recommend that you speak with a Medicare Supplement Insurance agency like GoMedigap. At GoMedigap, we review your rates online from 30+ of the top Medicare Supplement Insurance providers, including AARP, Blue Cross Blue Shield, Mutual of Omaha and more. Our agents are professional, friendly, and treat their clients respectfully with unbiased advice and recommendations.
Feel free to view your Plan F or Plan G Medicare supplement rates online. Or, you can give us a call at (800) 310-2550, and one of our agents will be readily available to help you. We look forward to speaking with you soon!