Choosing a
Medicare Supplement

Research and Compare:

• Compare plans to find the best fit.

• Plans offer different benefits: some include deductibles and coinsurance, while others cover home health care and prescription drugs.

• Deductible: Amount you pay before Medicare begins to pay.

• Coinsurance: Amount you pay after the deductible.

 

Popular Plans:

• Plan F: Covers 100% of Medicare costs, including deductibles and copays. (It is not available to new enrollees after 1/1/20.)

• Plan G: Similar to Plan F, you must pay the $240 Part B deductible for 2024.

• Plan N: Lower premiums with cost-sharing. You pay up to $20 for doctor visits, $50 for ER visits, and any excess charges above Medicare’s rate.

 

Medigap Plan F:

• It covers all costs that Medicare typically bills you, with no deductibles or copays. (Note: Not available for those newly eligible after 1/1/20).

 

Medigap Plan G:

• It functions like Plan F but requires paying the Part B deductible. After that, it covers everything else.

 

Medigap Plan N:

• Lower premiums with cost-sharing. You pay up to $20 for doctor visits, $50 for ER visits, and any excess charges.

 

Key Points:

• Medigap plans are standardized and guaranteed renewable.

• Plans vary by cost and coverage, so research is essential.

• Popular plans include F, G, and N, each with different cost-sharing requirements.

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If you're unsure which Medicare Supplement plan is right for you, Torain White at TWhite Insurance can guide you. With his expertise, you'll find the plan that best meets your needs and budget. Contact Torain today for personalized assistance in choosing the right health and financial security coverage.​