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Compare Medicare Supplement (Medigap) Plans and Rates in Your Area
"Times have changed since my mother had an AARP J plan and I was totally confused by the options available. Stan walked me through the process in a very educational, methodical, friendly way, and I feel secure now that we’re making the correct decision to provide the best possible coverage for my husband." – Pat K.
Medicare Supplement Plans
To be eligible to enroll in a Medicare Supplement plan, you must be enrolled in both Medicare Part A and Part B. A good time to enroll in a plan is generally during the Medigap Open Enrollment Period, which begins on the first day of the month that you are both age 65 or older and enrolled in Part B, and lasts for six months. During this period, you have the guaranteed-issue right to join any Medicare Supplement plan available where you live. You may not be denied coverage based on any pre-existing conditions during this enrollment period (although a waiting period may apply). If you miss this enrollment period and attempt to enroll in the future, you may be denied coverage or charged a higher premium based on your medical history.
Compare Medicare Supplement Plans
Medicare Supplement F is one of the only two Medicare Supplement Insurance plans that covers Part B Excess charges. This is extremely important to remember as Medicare reimbursement to health care providers is declining. With reduction in payment, doctors are beginning to not accept Medicare assignment, which means they can charge 15% above the Medicare approved amount. This additional 15% is referred to as Part B excess charges, and Medicare Supplement F & G are the only two standardized Medicare Supplement Plans that include this benefit. People who purchase Medicare Supplement Plan F rarely have any out of pocket expenses for medical charges.
Compare Medicare Supplement Plans Side by Side
Last but not least is the coverage you desire from your Medigap plan. There are ten plans to choose from that are labeled Plan A – Plan N (plans E, H, I, and J are no longer offered). Plan F is the most popular Medicare Supplement, because it offers the most comprehensive coverage on the market. Plan G is a great plan because it also has extensive coverage, with lower premiums and rate increases than Plan F. Another popular plan is Plan N, which has more cost sharing but lower premiums than the other Medigap policies.