Medicare Supplements

Finding the best Medicare Supplement plan to meet your needs is key to ensuring your future health care.
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Written by Brian Greenberg
CEO / Founder & Licensed Insurance Agent

Last updated: July 21st, 2022

Reviewed by Grant Desselle
Licensed Insurance Agent

What Type of Medicare Supplement Are You Looking for?

Most affordable

Medicare Supplement plans with a low monthly cost will have less coverage or higher out-of-pocket costs.

These are a popular option for individuals who have no concerns about paying out of pocket for some usual health care costs but want something in place to help cover more expensive costs if an emergency crops up.

Our recommendation:
To save the most money, a high-deductible Plan F policy provides a low monthly payment with a plan deductible of $2,240.

Best coverage

Medicare Supplements With the Best Benefits
Finding the best Medicare Supplement plan to meet your needs is key to ensuring your future health care.

Paying a little more for comprehensive coverage can save you hundreds, if not thousands, in out-of-pocket expenses with Medicare.

Our recommendation:
If you’re shopping for a Medicare Supplement plan that offers the best coverage, Plan F provides the optimal benefits that many Medicare beneficiaries seek.

Foreign travel

Be Covered While You Travel
Enjoy your traveling years without worry, with a Medicare Supplement plan that provides coverage for emergency treatment overseas.

Not every Medicare Supplement plan provides the protection needed for international travel, making the proper choice crucial for your future plans.

Our recommendation:
If international travel is on your list of things to do, we recommend Plan C, F, or G to provide the coverage you’re looking for.

Medicare Plan Comparison

Part A coinsurance and hospital costs* Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Part B coinsurance or Copayment Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Blood** Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Part A hospice care coinsurance or copayment Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Skilled nursing facility care coinsurance No No Yes Yes Yes Yes 50% 75% Yes Yes
Part A deductible No Yes Yes Yes Yes Yes 50% 75% 50% Yes
Part B deductible No No Yes No Yes No No No No No
Part B excess charges*** No No No No Yes Yes No No No No
Foreign travel exchange No No 80% 80% 80% 80% No No 80% 80%
Out-of-pocket limit**** N/A N/A N/A N/A N/A N/A N/A $5120 $2560 N/A

* Up to an additional 365 days after Medicare benefits are used up

** First 3 pints

*** This is the difference between what your doctor charges and what Original Medicare covers.

**** After you meet your out-of-pocket yearly limit and your yearly Part B deductible, the Medicare Supplement plan pays 100% of covered services for the rest of the calendar year.

Note: In Massachusetts, Minnesota, and Wisconsin, Medicare Supplement is standardized in a different way.

Understanding What the Best Medicare Supplement Plan Is

The best Medicare Supplement (or Medigap) plan is the one that best suits your needs.

Some people find that having the most coverage possible is optimal for their long-term situation, whereas others opt for more affordable options to supplement their Original Medicare coverage.

Based on industry reports, over 65% of Medicare beneficiaries find Medicare Supplement Plan F to be the best option for the additional health care coverage they need.

Understanding the Cost of Medicare Supplement Plans

The monthly cost (known as premiums) is determined by different factors, including your location and the age at which you purchase the policy.

During open enrollment, your previous health history has no bearing on the price you pay. But, if you miss your open enrollment window, the price you pay for Medigap coverage can go up based on your pre-existing health issues, if the company requires the policy to be fully underwritten.

To keep your premiums low, it’s important that you take full advantage of your open enrollment window and lock in the lowest rates possible.

Understanding How Medigap Open Enrollment Works

Ideally, you’ll want to purchase Medicare Supplement insurance (Medigap insurance) when your open enrollment period starts. Medigap Open Enrollment lasts six months, beginning on the first day of the month of your 65th birthday and Medicare Part B enrollment.

After the open enrollment window is over, applying for a Medigap policy may require medical underwriting — and there’s no guarantee that you’ll be accepted if you don’t meet the health requirements. If you are approved, you may be placed in a lower health class and be required to pay slightly higher premiums for your Medicare Supplement coverage.

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