If you're not sure which Medicare Supplement plan to enroll in, don't go anywhere! Today, we're going to review the top Medicare Supplement plans.
Hi everyone, my name is Lindsay Engle. I'm the Medicare expert for Elite Insurance Partners and MedicareFAQ.com.
The top Medicare Supplement plans include Plan F, Plan G, and Plan N.
First, we'll talk about Plan F. Medicare Supplement Plan F is one of the most popular plans due to it leaving you with zero out-of-pocket costs outside of your monthly premium. Plan F is considered first-dollar coverage. This means that when you go to the doctor or the hospital, you'll never have to pay any copays, coinsurance, or deductibles. It's important to remember, though, that more benefits come with a higher monthly premium. So, Plan F is one of the more expensive plans because it includes the most benefits.
Plan F is only available to those eligible for Medicare prior to 2020. Regardless of if you have enrolled in Part B and a Medigap plan already, you are still eligible to enroll in Plan F. Those who were not eligible to enroll in Medicare before 2020 are not eligible to enroll in Plan F.
The runner-up plan to Plan F is Plan G. If you are not eligible for Medicare until after 2020, Plan G is the plan with the most benefits you are eligible for. Plan G covers all the same things as Plan F. The only difference is the Part B deductible. So, when you go to the doctor's office, you'll be responsible for paying the Part B deductible. Once you've met the Part B deductible, your benefits will kick in at 100% and you'll have no additional out-of-pocket costs.
Last but not least on our top Medigap plan list is Plan N. With Plan N, you'll still be responsible for the Part B deductible. In addition, you'll be responsible for a $20 copay at the doctor's office and a $50 copay at the emergency room. These copays keep your monthly premium lower. The only other out-of-pocket cost you'll be responsible for with Plan N is in the form of excess charges. The majority of beneficiaries don't need to worry about excess charges. To learn more about excess charges, read our article below.
That about wraps it up! We hope you found this video on the top Medigap plans helpful. If you did, make sure to subscribe to our YouTube channel. Don't forget to turn notifications on so that you're notified every time we upload a new video. We also have a fantastic Medicare Community on Facebook. Click the link below to join!
https://www.facebook.com/groups/MedicareFAQ
1
00:00:00,700 --> 00:00:03,500
Welcome Medicare Community! If you're not sure which Medicare
2
00:00:03,500 --> 00:00:06,099
Supplement plan to enroll in, don't go anywhere.
3
00:00:06,099 --> 00:00:10,699
Today, we're going to go over the top Medicare Supplement plans.
4
00:00:14,400 --> 00:00:18,699
Hi everyone. My name is Lindsay Engle. I'm the Medicare expert for Elite Insurance Partners
5
00:00:18,699 --> 00:00:24,500
and MedicareFAQ.com. The top Medicare Supplement plans include Plan F, Plan G,
6
00:00:24,500 --> 00:00:26,100
and Plan N. The first plan
7
00:00:26,100 --> 00:00:29,800
we're going to talk about is Plan F. Medicare Supplement Plan F is one
8
00:00:29,800 --> 00:00:32,000
of the most popular plans due to it leaving
9
00:00:32,000 --> 00:00:35,799
you with $0 out-of-pocket cost outside of your monthly premium. Plan F
10
00:00:35,799 --> 00:00:38,200
is considered first-dollar coverage.
11
00:00:38,200 --> 00:00:40,799
What this means is that when you go to the doctor or the hospital,
12
00:00:40,799 --> 00:00:44,799
you'll never have to pay any co-pays, coinsurance, or deductibles.
13
00:00:44,799 --> 00:00:49,200
Just remember when you have more benefits, you can expect to have a higher monthly premium.
14
00:00:49,200 --> 00:00:53,200
Therefore, you can expect Plan F to be one of the more expensive plans
15
00:00:53,200 --> 00:00:56,700
because it includes the most benefits. Now before I move on to Plan
16
00:00:56,700 --> 00:00:59,399
G and Plan N, I need to mention who's eligible
17
00:00:59,399 --> 00:01:01,600
for Plan F. If you are eligible
18
00:01:01,600 --> 00:01:06,700
for Medicare prior to 2020, regardless if you had enrolled in Part B and a Medigap
19
00:01:06,700 --> 00:01:10,700
plan already. You are eligible to enroll in Plan F.
20
00:01:10,700 --> 00:01:15,200
However, if you were not eligible for Medicare until after 2020,
21
00:01:15,200 --> 00:01:19,799
you won't be eligible to enroll in Plan F. For more information on Plan F,
22
00:01:19,799 --> 00:01:22,799
make sure to check out our video by clicking here.
23
00:01:22,799 --> 00:01:25,299
The runner-up plan is Plan G. Now
24
00:01:25,299 --> 00:01:29,900
it's important to remember again if you are not eligible for Medicare until after
25
00:01:29,900 --> 00:01:33,799
2020, Plan G is the plan with the most benefits that you're eligible
26
00:01:33,799 --> 00:01:37,200
for. Plan G covers all the same things as Plan F.
27
00:01:37,200 --> 00:01:39,900
The only difference is the Part B deductible.
28
00:01:39,900 --> 00:01:44,099
So when you go to the doctor's office, you'll be responsible to pay the Part B deductible.
29
00:01:44,099 --> 00:01:47,799
Once you've met the Part B deductible, your benefits will kick in at 100%
30
00:01:47,799 --> 00:01:52,599
and you'll have no additional out-of-pocket cost. For more information on Plan G,
31
00:01:52,599 --> 00:01:55,700
make sure to check out our video by clicking here. Last
32
00:01:55,700 --> 00:02:00,000
but not least on our top Medigap plan list is Plan N. With Plan N
33
00:02:00,000 --> 00:02:03,799
you'll still be responsible for the Part B deductible. In addition,
34
00:02:03,799 --> 00:02:07,500
you'll have a small copay that you'll be responsible for to pay out-of-pocket
35
00:02:07,500 --> 00:02:10,699
when you go to the doctor's office. This small copay is $20.
36
00:02:10,699 --> 00:02:14,000
There's also a copay at the emergency room, which is $50.
37
00:02:14,000 --> 00:02:16,900
These co-pays are what keep your monthly premium lower.
38
00:02:16,900 --> 00:02:21,699
The only other out-of-pocket cost you'll be responsible for with Plan N are excess charges.
39
00:02:21,699 --> 00:02:24,500
Now, the majority of beneficiaries don't need to worry about those.
40
00:02:24,500 --> 00:02:27,800
We'll make sure to include a link below to our article on excess charges
41
00:02:27,800 --> 00:02:30,099
that will explain everything you need to know.
42
00:02:30,099 --> 00:02:31,699
For additional information on Plan N
43
00:02:31,699 --> 00:02:36,199
you can check out our video by clicking here. That about wraps it up.
44
00:02:36,199 --> 00:02:39,300
I hope you found this video on The Top Medigap Plans helpful,
45
00:02:39,300 --> 00:02:42,300
and if you did make sure to subscribe to our YouTube channel.
46
00:02:42,300 --> 00:02:45,199
Don't forget to turn notifications on so that you’re notified each time
47
00:02:45,199 --> 00:02:48,900
we upload a new video. We also have a fantastic Medicare community on
48
00:02:48,900 --> 00:02:51,400
Facebook. We’ll include a link in the description below
49
00:02:51,400 --> 00:02:53,599
so that you can join. Until next time.
50
00:02:53,599 --> 00:02:56,199
Bye.