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Medicare Supplemental Plans: What Are The 5 Best Plans?

Medigap, also known as medicare supplemental plan in folder next to stethoscope

Medicare supplemental plans also referred to as “Medigap,” are plans that private insurers offer to fulfill individual needs. Medicare has four parts: A, B, C, and D. Each component of Medicare offers coverage for different medical expenses. However, many out-of-pocket costs come with Medicare. Begus Insurance Group helps reduce out-of-pocket costs stemming from medical payments that are not fully covered by Medicare by offering the best plans.

What Exactly Are Medicare Supplemental Plans?

Medicare supplemental plans are offered as plans A through N. Moreover, each plan offers different coverage for each facet of original Medicare (Parts A & B). However, supplemental plans for Medicare are not Medicare Advantage plans. Medicare Advantage merges the forms of Medicare part A (Hospital Insurance) and Medicare part B (Medical Insurance). 

A Medicare supplemental plan will utilize the structure of original Medicare while providing coverage for any out-of-pocket costs related to coinsurance, copayments, deductibles, and other expenses.

What Are the Best Supplemental Plans For Medicare?

Finding the best Medicare supplemental plan for you depends on many factors. Your condition and required hospital and medical services are always taken into account by insurance agents to provide sufficient insight. If you require Hospice, Skilled Nursing Care, or Foreign Travel, there are plans available that will cover those expenses as well as any additional ones. So, what are the best plans?

1. Plan F

Medicare supplement Plan F extends complete coverage for all coinsurance, copayments, deductibles, hospice, skilled nursing care, and hospital cost requirements. Plan F also covers 80% of foreign travel emergency costs.

2. Plan C

Medicare supplement Plan C offers complete coverage for coinsurance, copayments, deductibles, hospice, skilled nursing care, hospital costs, and 80% of foreign travel emergency costs. Nevertheless, Plan C does not cover Medicare Part B (Medical Insurance) excess charges. 

3. Plan D

Medicare supplement Plan D offers full coverage for coinsurance, copayments, Medicare Part A deductible, hospice, skilled nursing care, hospital costs, and 80% of foreign travel emergency costs. However, Plan D does not cover Medicare Part B (Medical Insurance) deductibles or excess charges. 

4. Plan G

Medicare supplement Plan G covers coinsurance, copayments, deductibles, hospice, skilled nursing care, hospital costs, and 80% of foreign travel emergency costs. Nevertheless, Plan G does not cover Medicare Part B (Medical Insurance) excess charges. 

5. Plan L

Medicare supplement Plan L offers 100% coverage for Medicare Part A coinsurance and hospital costs. And Medicare Part B coinsurance and copayments, bloodwork (first 3 pints), Medicare Part A hospice, skilled nursing care, and Medicare Part A deductibles are all covered up to 75% by Plan L. Medicare Part B deductibles and excess charges are not covered. There is also no coverage for foreign emergency travel. Also, plan L has an out-of-pocket limit of $2,940.00.

Finding The Right Plan For You

Finding the right Medicare supplement plan shouldn’t be stressful. At Begus Insurance Group, we pride ourselves in our ability to make the process informative, beneficial, and easy. Also, Begus Insurance Group believes that no one should have to deal with costly out-of-pocket payments. Therefore we offer cost-effective Medicare supplement plans at a decent rate that will suit your budget. Contact us today for more information on which Medicare supplement plan may be right for you!