Medicare Supplement Plans Comparison Chart For 2024

Medicare Supplement Plans: What You Need to Know

Many seniors are surprised to discover that Medicare does not cover all healthcare expenses, leaving gaps in coverage for coinsurance, copayments, and deductibles. To fill these gaps, you can opt for a Medicare Supplement (Medigap) plan, which comes in ten different options, labeled A through N, each covering different aspects of healthcare costs.

This article provides a brief overview of each plan.

To compare quotes from over 15 top Medicare supplement companies, fill out our quote form to receive free instant rates.

Table Of Contents

1. What Do Medicare Supplements Cover?
2. What Is The Best Medicare Supplement Plan?
3. Plan A
4. Plan B
5. Plan C
6. Plan D
7. Plan F
8. Plan G
9. Plan K
10. Plan L
11. Plan M
12. Plan N
13. Medicare Supplement Rates

What Do Medicare Supplements Cover?

Contrary to popular belief, Medicare only covers about 80% of healthcare expenses, leaving substantial costs for hospital stays, serious medical treatments, and more. Medicare Supplements, offered by private insurance companies, cover these gaps to varying extents and have different monthly premiums.

Medicare pays its share, and your Medigap plan covers the rest.

What Is The Best Medicare Supplement Plan?

There is no single “best” Medicare supplement plan; each comes with different levels of coverage and costs. However, Plan F, G, and N are the most popular, accounting for over 80% of purchases in 2023. Your best option depends on your location, health, and coverage preferences.

We can help you find the best plan for your needs and provide the lowest pricing from over 15 different companies.

Medicare Supplement Plan Options

Here’s a brief breakdown of the ten available Medigap plans:

• Plan A: The most basic and generally cheapest plan, does not cover skilled nursing facilities, Part A & B deductibles, or foreign travel medical emergencies.

• Plan B: Similar to Plan A but includes coverage for the Part A (Hospital) deductible.

• Plan C: Available only to those eligible before January 1, 2020. Covers all gaps except Part B excess charges.

• Plan D: Covers everything except Part B excess charges and Part B deductible.

• Plan F: The most comprehensive and expensive plan, available only to those eligible before January 1, 2020. Covers 100% of Medicare gaps.

• Plan G: The most popular plan for new enrollees, covers everything except the Part B deductible.

• Plan K: A high-deductible plan that covers a percentage of Medicare gaps and includes an out-of-pocket limit.

• Plan L: Another high-deductible plan with higher coverage than Plan K and a lower out-of-pocket limit.

• Plan M: Similar to Plan G but does not cover the full Plan A deductible or Part B excess charges.

• Plan N: Popular for its affordability, similar to Plan G but does not cover Part B excess charges.

Medicare Supplement Comparison Rates

Medicare supplement plans have different monthly premiums. To compare rates from over 15 insurance companies, fill out our quote form for free.

Note that Medicare supplement rates are not fixed for life; they increase annually, so consider the history of rate increases when choosing a plan.

Summary

At Seniors Mutual, we have access to top Medicare insurance companies to find the best rates for you. We hope this article helps you understand your options and save on Medicare insurance.

For questions or comments, leave one below or contact us. We look forward to helping you!

FAQs

• Can I change Medicare supplement plans?
• Which Medicare supplement is best for me?

The most popular plans are Plan F, G, and N. If you’re new to Medicare, you’ll likely choose between Plan G and N. Compare quotes on our website to find the best option.