Medicare Supplement Plan Comparison

Medicare Supplement plans come in a range of coverage levels. Of the ten plans, C, F, and G offer the most comprehensive coverage. Plans A and B have basic coverage, D, M, and N are mid-range, and K and L have cost-sharing. To choose the Medicare Supplement plan that meets your criteria, look at the premiums they charge, the cost-sharing, and expenses left over.

Basic Coverage

Plans A and B offer a lower level of benefits. Plan A covers Part A coinsurance and hospital costs, Part B copayments and coinsurance, your first three pints of blood, and Part A hospice. Plan B covers those same items along with the Part A deductible.

These plans leave you with a potentially greater amount of out-of-pocket costs, depending on your anticipated healthcare needs.

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Comprehensive Coverage

Plans C, F, and G offer the most comprehensive coverage. Plan F covers Part A coinsurance and hospital costs, Part B copayments and coinsurance, your first three pints of blood, Part A hospice, skilled nursing facility care, the Part A deductible, the Part B deductible, Part B excess charges, and 80% of foreign travel emergency care. Plan C covers all except the Part B excess charges and Plan G covers all except the Part B deductible.

With the higher degree of coverage comes a higher premium. Plans C and F are only available to people who became eligible for Medicare before 2020.

Plans F and G also have high-deductible options in some states. Once you meet the deductible, all covered expenses are paid in full by your insurance company. These plans have low monthly premiums in exchange for the high deductible. People who are in good health or anticipate few healthcare needs would do well with this plan as long as they could afford the high deductible if a medical crisis were to happen.

Mid-range Premiums

Plans D, M, and N are the middle ground in coverage and costs. Plan D covers Part A coinsurance and hospital costs, Part B copayments and coinsurance, your first three pints of blood, Part A hospice, skilled nursing facility care, the Part A deductible, and foreign travel emergency care. Plan M covers all of these in full except the Part A deductible, which is covered at 50%. Plan N has the same coverage as D and pays 100% for all Part B covered services except for office visit copayments. 

Cost-sharing

Plans K and L cover only the Part A coinsurance and hospital costs in full. For Part B copayments and coinsurance, your first three pints of blood, Part A hospice, skilled nursing facility care, and the Part A deductible, Plan K covers 50% and Plan L covers 75%.

Choosing a Medicare Supplement

With the range of plans to choose from and their differing costs and coverage, it can be challenging to select a Medicare Supplement plan on your own. Refer to the experts at Almond Insurance for assistance in finding a supplement plan that suits your budget and your anticipated healthcare needs.

To learn more about Medicare Supplements in the Northern Illinois area, give me a call at 815-494-4399.