Medicare supplement plans in 2018 work in conjunction with Medicare Part A and Part B to offer a variety of ways for subscribers to receive more coverage for medical expenses. With Medicare Supplement Plans, many people are saving quite a bit of money on their medical bills, but only by choosing the right plans at the best rates.
Who is Eligible?
For those who don’t have Medicare, there may be a question as to what supplemental plans do. But those who are already subscribed to Medicare understand that the government insurance does not cover all their medical expenses. That’s where these supplemental plans come in, offering additional coverage based on the premiums subscribers pay.
Medicare comes directly from the government, but the supplemental plans are offered by individual insurance companies. Each company is allowed to set their own rates for the plans, but they have to stick to the same coverage that everyone else is providing, coverage that is determined by Medicare.
This means every company has the same benefits within each plan letter, but they all charge different monthly premiums. Doesn’t it make sense to shop around? Or better yet, let us help! It’s easy, fast, and FREE.
Best Medicare Supplemental Plans for 2018
This is a question many seniors have when they hear about supplemental plans for the first time. But the answer is that there isn’t a clearly superior plan to all the others. Each pan has its own merits, and seniors will have to determine individually which plan suits them.
Suitability is based on what kind of coverage a person needs and what they can afford to pay for. So while Medicare Supplemental Plan F may provide the most coverage, it is also the most expensive, and not everyone actually needs all the coverage it provides. There are a number of Medicare Supplement Plans for 2018, and each one offers benefits to particular individuals and situations.
And the plan that is best suited to you can change over time. As your health changes, you may require more coverage. So while Plan F may have worked well for you in the past, Plan G may be more in line with what you really need and save you money. It is worth examining your coverage from time to time to see if your needs are being met and if you are paying for more coverage than you need.
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How to Choose Medicare Supplement Plans in 2018
Some of the most popular plans are F, G and N. These offer the most coverage out of all available plans. Plan F covers all supplemental Medicare expenses, including hospitalization, medical tests, nursing care, more pints of blood, excess charges from Part B, deductibles, co-payments and a foreign emergency medical travel benefit.
Plan F also has the highest premiums, and actually in most cases you will end up paying extra on Plan F for a benefit that provides very little value.
Medicare Supplement Plan G
Plan G covers 100 percent of the gaps in Medicare except for Medicare the Part B deductible. So why not just get Plan F and have the deductible paid for you? Well currently this deductible is $183 per year (2017). So the only difference is Plan F pays that for you, however you pay higher premiums each year for that one benefit.
So simple logic tells us that if you pay more than $183 per year in premiums for Plan F over Plan G, you’re giving them extra money to write a check with the money you’re giving them in premiums to pay the deductible!
The easiest way to see how much you can save on Plan G is to compare quotes at the top of this page with our FREE quote engine.
Medicare Supplement Plan N
Plan N is another great choice that could also save you money over Plan F. People on plan N still pay the Part B deductible each year, and they also might have a small co-pay per doctor’s visit after they meet this amount. As well on Plan N you could have a $50 co-pay if you visit the emergency room, and the plan doesn’t cover Part B excess charges.
You do enjoy lower premiums on Plan N than F or G so it’s absolutely worth looking at and getting quotes to compare costs. Many people who are healthy and don’t visit the doctor often are loving Plan N because of it’s great benefits and lower premiums. People looking to end their Medicare Advantage plans and return to Original Medicare should also consider Plan N with it’s lower monthly rates and cost-sharing options.
Medicare subscribers should keep in mind that the more coverage they receive from a supplemental plan the more it will cost them in monthly or annual premiums.
The best way to ensure that you are getting the lowest prices on premiums possible is to compare prices from different providers. It doesn’t matter where you get your supplemental insurance, as they all provide the same coverage. And our site makes it easy to compare prices and get a great deal on Medicare Supplement Plans 2018. Our quote generator tool is fast, free and easy to use.
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