How Do I Choose Between Medicare Supplement Plan F or Plan G?

Generally, you can get your Medicare coverage through Original Medicare (Part A and B) or Medicare Advantage Part C. While Original Medicare (Part A and B) pays for many of your healthcare services and supplies, it doesn’t pay for everything. Which is primarily why most people who want additional coverage will get Medicare Supplemental Insurance to help cover some of the hospital and medical costs that Original Medicare doesn’t cover, such as annual deductibles, coinsurance, and copayments.

Some Medicare Supplement plans also help pay for a few services such as emergency overseas travel coverage or Part B excess charges.  Standardized Medigap plans are available in most states and represented by the letters A-D, F, G, K, L-N and Plan F. Medicare Advantage Part C covers a substantial amount of services that Original Medicare and Medigap offer.  The difference is that with Medicare Advantage you are instructed on what providers you can see as they accept the Medicare Advantage.

Medicare supplemental insurance plan F offers the most comprehensive coverage of all Medigap plans. The benefits under Plan F are comparable but not mirror images to Medicare Advantage because Plan F pays the Part A and Part B, deductibles, including nearly all hospital expenses for the first 90 days of each benefit period. Basically, there is no limit with Plan F especially if you stay too long in a hospital or a skilled nursing facility and it also covers 80% of your foreign travel emergency in case you get sick or injured while overseas. Plan F premium is also the most expensive coverage because, with it, you will not incur any out-of-pocket costs for medical expenses.

Medicare Supplement Plan G offers the second most coverage out of all Medicare supplement plans. It covers part A and B of hospital cost, coinsurance, copayment, first three pints of blood and Part A of A hospice care coinsurance or copayment. Plan G is also a less expensive alternative to Plan F and covers skilled nursing facility care coinsurance, Medicare Part A deductible, Medicare Part B excess charges and foreign travel emergency up to plan limits. With only a difference in premiums, Medicare supplemental insurance plan G looks like an ideal option because you may not be covered for Part B deductible, but lower premiums do outweigh the cost of Part B deductible.

Learn more about Medicare Supplemental Insurance plans, rates and more at  Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans.  To talk to an expert in Medicare coverage toll free 877-202-9248 today!

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