Plan M will use deductible sharing to lower your costs. With this plan you will be responsible for 50% of your part A and part B deductible. Your premiums will be approximately 15% lower than most companies charge for Plan F.
Plan N will also offer lower premiums, but will have co-payments involved for various services. With Plan N, you will pay a $20 co-pay for a doctor visit and a $50 co-pay for an emergency room visit. Plan N premiums are expected to be about 30% lower monthly premiums for a Medigap Plan F.
Wiley Long is founder and president of Medigap Advisors, and is passionate about helping people navigate the confusing waters of Medicare. He is the author of The Medicare Playbook: Designing Your Successful Health Coverage Strategy, a clear and simple explanation so you can make the most of your Medicare coverage. For more information visit www.MediGapAdvisors.com.