When comparing Medicare Supplement plans, it is important to understand the differences in benefits. For Medigap Plan F and Plan G, you’ll see that there is only one major difference between them. Plan G costs less because it won’t reimburse you for the Medicare Part B deductible.
That deductible is dropping from $162 in 2011 to $140 next year, so if Plan G premiums are low enough to save you more than $140 a year, why pay more for Plan F? You’d be wasting your money because you’d spend more on premiums than Plan F would reimburse you. Remember, too, that Medicare is now picking up all of the cost for preventive health care.
See how easy it is to save when you look at what you’ll actually be spending for premiums and for health care that’s not covered. Medigap Plans actually come in 10 different coverage packages. Yes, that does complicate things, but it also lets you buy just the coverage you expect to need without paying for something you may not use.
You can learn more about the 10 Medigap Plans here with our educational resources. If you have questions, though, just call and ask for a free confidential consultation. We’ll show you the plans available for your state, discuss what they can do for your and compare rates from various insurance companies. You can also learn a lot from our live Question and Answer Telephone Seminar. You can sign up right now – at no cost.
Jim McFadden has over 11 years of executive-level experience in the health insurance industry, is a youth baseball, softball and football coach, and has one of the worst fantasy football records in the world.