Medigap plans help cover out-of-pocket costs that Medicare Parts A and B don’t, like deductibles, coinsurance, and copayments. Two popular plans, Plan G and Plan F, offer varying levels of coverage and costs, making it essential to understand their differences before choosing.
- Plan G: Covers most expenses except the Medicare Part B deductible. It’s available to new Medicare enrollees and typically has lower, more stable premiums.
- Plan F: Offers full coverage, including the Part B deductible, but is only available to those eligible for Medicare before January 1, 2020. Premiums are higher and tend to increase faster due to its aging risk pool.
Premiums for both plans vary based on your location, age, and insurer pricing methods. Plan G is generally a better option for those seeking lower costs and predictable increases, while Plan F is ideal for those who prioritize maximum coverage and are already eligible. [Read more…] about Medigap Costs: Average Premiums Explained