While there is some debate as to the Best Medicare Supplement Plans in 2016, before choosing a plan there are some things you should be aware of so you don’t get into trouble. Four facts in regards to Medicare supplement insurance are to be considered before the person tries to sign up for a specific plan.
Four essential facts to know
The Best Medicare Supplement Plans for 2016
Most people will likely consider the best Medicare Supplement plans for 2016 to be Plan F, C, G, and Plan N. Let’s cover the differences of each:
Medicare Supplement Plan F
This plan pays 100 percent of the gaps in Medicare. This leaves you with no medical bills on any Medicare approved expenses. Plan F has the highest premium, so be careful and use our online quoting system to check rates for Plan F against other Medicare supplement plans 2016.
Medicare Supplement Plan G
Plan G is quickly gaining in popularity due to its great coverage and lower premiums than Plan F. In fact Plan G is almost identical to Plan F in coverage except you must pay the annual Part B deductible ($147 in 2015) yourself with Plan G. After you pay this the plan pays 100 percent just like Plan F does. Many people already on Plan G will remain there as they consider it to be one of the best Medicare supplement plans for 2016.
Plan G is often the best deal however, because you will pay lower premiums for this plan over Plan F. This means you’ll save money in most cases even after you pay your own deductible with Plan G
Medicare Supplement Plan N
Just like Plan G, you must pay the annual Part B deductible on Plan N each year. After you meet this, you might have up to a $20 co-pay per doctor’s visit. It could be no co-pay, or just a small amount depending on what you go for and how the doctor codes it, but it’s never more than $20.
Also on Plan N if you visit the ER and you’re not admitted you’ll have to pay a $50 co-pay. Plan N also doesn’t cover Medicare Part B excess charges, although these are rare. The great thing is Plan N has lower premiums than both Plan F and G, making it a great choice for those who are healthy.
Shopping for the Best Medicare Supplement Plans in 2016
Choosing a plan is easier than you might think. Start with the benefits and see which matches your needs best. Then, be sure to check the rates for that plan amongst multiple carriers to see who has the lowest premium. Remember every carrier has the same coverage but they all charge different premiums for it.
Using our free, online quote engine is the best way to ensure you don’t pay too much for your coverage. Find one of the best Medicare supplement plans in 2016 that offers great coverage, at an affordable premium now.