In most states, you can compare ten different Medicare Supplement plans. Having so many choices might seem like a good thing overall, but it makes it a little harder to decide. This Medicare Supplement comparisons chart lists the ten standardized Medicare Supplement plans available in most states. Each standardized plan has its basic benefits, but some plans have similar benefits.
Below is an outline of benefits listed on the Medicare Supplement Comparison chart:
Plans F and Plan G also offer a high-deductible alternative in certain states. This option requires you to cover your Medicare-related expenses (coinsurance, copayments, and deductibles) up to $2,490 in 2022 before the policy begins paying out any benefits. It’s important to note that Plans C and F are no longer available for individuals who became eligible for Medicare on January 1st of 2020 or after.
Plans K and L offer a comprehensive level of coverage. Once you’ve paid your out-of-pocket yearly limit plus Part B deductible, the Medigap plan will pay 100% for all covered services throughout the calendar year.
With Plan N, you can expect 100% coverage of your Part B coinsurance – except for some office visits that may incur a copayment of up to $20 and emergency room visits without admission yielding a maximum copayment of $50.
On January 1st, 2020, a significant change was implemented for those new to Medicare – Medigap plans no longer cover the Part B deductible. Therefore Plans C and F are not available for purchase by anyone who enrolled in Medicare after this date. However, if you already had one of these two options (or a high-deductible version of Plan F), your plan remains intact! Even better news; if you were eligible before the new year but hadn’t yet signed up – there’s still a chance that either Plan C or Plan F is accessible.
Please be aware that the states of Massachusetts, Minnesota, and Wisconsin each have their own individualized Medicare Supplement Insurance plan.