Medigap Plans F, G, and N have the most coverage

The Three Most Popular Medigap Plans

Medigap (Medicare Supplement) plans are standardized across the country. Each of the ten Medigap plans is denoted by a letter: Medigap Plan A, B, C, D, F, G, K, L, M, and N. While Medicare Supplement plans are provided through private health insurance companies approved by Medicare, the plan type with the same letter must provide the same set of basic benefits irrespective of the location.

If you are like most Medicare beneficiaries, you want your Medicare Supplement insurance plan to provide coverage for as many of your medical costs as possible. Medigap Plan F, G, and N are 3 of the most comprehensive plans. In this context, we will discuss the difference in Medigap plan F, G, and N so that you can make the right decision.

1) Medigap Plan F

Medigap Plan F is the favorite with Medicare beneficiaries who want comprehensive benefits. Medigap Plan F makes sense for Medicare beneficiaries that have serious or chronic health conditions and have several health expenses every year. With Medicare Supplement Plan F, your Original Medicare deductibles are covered. However, you will pay more in premiums. Here are the medical expenses covered by Medicare Supplement Plan F:

  • Part A deductible
  • Part B deductible
  • Part A coinsurance and/or copayment amounts
  • Skilled nursing care coinsurance
  • Part B coinsurance and/or copayment amounts
  • Part B excess charges
  • Foreign travel emergency care
  • Part A Hospice care coinsurance
  • First 3 pints of blood for approved procedures

You should know that Medigap Plan F has been phased out since 2020, so it’s no longer available to new members. However, those that already signed up for the plan can keep enjoying the benefits.  

2) Medigap Plan G

This is currently the most sought after Medigap insurance plan because it provides the same comprehensive benefits as Medigap Plan F except for the Medicare Part B deductible. The one vital feature that Medigap Plan F and Plan G have over all the other Medicare Supplement plans is that they provide coverage for Medicare Part B excess charges. 

A healthcare provider outside Medicare coverage can charge up to 15 percent more than the regular Medicare rate for your medical service. If you have Plan F or G, you won’t have to pay the cost out of your pocket.

3) Medigap Plan N

This Medicare Supplement plan is fast growing in popularity because it has good benefits with a little less coverage than Medigap Plan G. You have all the same benefits as Medicare Supplement Plan F under Medicare Supplement Plan N except Part B excess charges, Part B deductibles, and you may have a copayment amount of about $20 to $50 for doctor visits and hospital visits respectively if they don’t lead to admission. Medigap Plan N is ideal for those who don’t mind a slight cost-sharing in exchange for lower premiums.

Contact Generations Insurance for a FREE Quote

Are you looking to discuss your Medigap insurance options with an experienced Medicare expert? Contact Generations Insurance today! We provide FREE quotes and can help you find the best fit for your needs.