How Do I Decide Between Medicare Supplement Plan F and Plan G?

How Do I Decide Between Medicare Supplement Plan F and Plan G?

What Benefits Does Medicare Supplement Plan F Cover?

Of the ten Medicare Supplement plans, Medicare Supplement Plan F offers you the most comprehensive coverage. Plan F covers the gaps in both Part A and Part B. This includes:

  • Part A hospital deductible and coinsurance
  • Hospital costs up to an additional 365 days after Medicare benefits are exhausted
  • Part A Hospice care coinsurance or copayment
  • Blood (the first three pints)
  • Other Medicare-approved expenses associated with Part A hospitalization
  • Medicare Part B coinsurance and copayment
  • Medicare approved doctor’s office fees
  • Part B deductible
  • Medicare Part B excess charges
  • Other Medicare-approved expenses associated with Part B coverage
  • 80% of your foreign travel emergency

Many people choose Medicare Supplement Plan F because of its full coverage. If you choose Plan F, you will essentially only pay your monthly premium. Because it offers the most benefits, Plan F premiums are generally the most expensive.

If you do not become eligible for Medicare until 2020 or later, Plan F will not be available to you.  However, if you were Medicare-eligible before 2020, you can keep or pick up Plan F, even if you do not have a plan before 2020.

What Benefits Does Medicare Supplement Plan G Cover?

Medicare Supplement Plan G is almost identical to Plan F, except for the Part B deductible. If you select Plan G, you will need to pay your Part B deductible ($185 for 2019), yourself. After you pay your deductible, you have no other out-of-pocket costs, just like the Plan F. In addition to the similar coverage, Medigap Plan G monthly premiums are typically much less expensive than the Plan F premiums. The difference in premiums means that even after paying the yearly deductible, you could save money by choosing Plan G.

Ultimately, Plan G has the same benefits as the Plan F, minus coverage for the Part B deductible ($185 for 2019). Once you pay the Part B deductible, the coverage is the same for both plans.

Which Medicare Supplement Plan Is Right for Me?

It’s important that know what rates are available to you for each plan before you decide which one is the best fit for you. Most people choose Medicare Supplement Plan G if the premium is low enough to provide a savings compared to Plan F. Your monthly Medicare Supplement premium depends on many factors, such as your zip code, age, and the company you choose for your Medicare Supplement insurance. If you currently have Plan F, you may want to consider switching.

Nothing on this website should ever be used as a substitute for professional medical advice. You should always consult with your medical provider regarding diagnosis or treatment for a health condition, including decisions about the correct medication for your condition, as well as prior to undertaking any specific exercise or dietary routine.

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