Medicare Supplement Plan Comparison

Medicare Supplements are labeled by letters of the alphabet. Supplement Plan A is the most basic of all supplement plans, and all other plans include the benefits of plan A. Supplement plan F is the most comprehensive plan and includes all benefits available in a Medicare supplement. Supplement plans: C, D, G, and N all have different mix of benefits. All insurance companies sell Florida Medicare Supplement plans A and F , insurance companies can offer other plans at their discretion.

Which Medicare supplement plans should I choose? The answer depends on how many times you visit a doctor in a year and your financial situation. You should have a plan A, if you are on a limited budget and want to keep expenses low, never get sick and want protection just in case you have a hospital stay or major surgery. A plan M includes major protection but does not cover excess charges or some deductibles to keep premiums down, but it will protect you from the major costs of health care. If protection from the cost of medical bills is what you seek a plan F is the best choice for you , a Medicare supplement plan F offers the most complete coverage in a medicare supplement available. A plan F covers the part A deductible, part B coinsurance, excess charges, and foreign travel emergency.

 

Click here to compare: Medicare Supplement to Medicare Advantage

 

Outline of what Medicare Pays:

Medicare

Medicare Part A Hospital

  • Days 1-60 All but $1156
  • Days 61-90 All but $289 per day
  • Days 91-150 All but $578 per day
  • Medicare pays $0 after day 150
  • Blood: All but first 3 pints of blood each year

Medicare Part A Skilled Nursing Facility

  • Days 1-20 100% of approved amounts
  • Days 21-100 All but144.50 per day

Medicare Part B Doctors Services

  • First : $0 until you meet $140 Part B deductible
  • Then: Generally 80%/20% your charge is 20%"

"If the Medical Bill for heart surgery is $100,000 then the coinsurance charge to you is $ 20,000"

Foreign Travel Emergency

Medicare Pays $0

 

Medicare Supplement Plans A - N - F

Differences between plans are identified by BLUE print

Medicare Supplement Plan A Covers: (basic coverage)

  • Hospitalization: Part A coinsurance plus coverage for 365 additional days after Medicare benefits end.
  • Medical Expenses: Part B coinsurance (generally 20% of Medicare-approved expenses) or copayments for hospital outpatient services.
  • Blood: First 3 pints of blood each year.
  • Hospice: Part A coinsurance.

Medicare Supplement Plan N Covers:

  • Hospitalization: Part A coinsurance plus coverage for 365 additional days after Medicare benefits end.
  • Medical Expenses: Part B coinsurance (generally 20% of Medicare-approved expenses) or copayments for hospital outpatient services.
  • Blood: First 3 pints of blood each year.
  • Hospice: Part A coinsurance.

  • also Includes:

  • Part A Deductible
  • Skilled Nursing Facility Co-insurance ($141.50 daily after day 20)
  • Foreign Travel Emergency

Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50
copayment for emergency room visits that does not result in an inpatient admission.

Medicare Supplement Plan F

 

Medicare Supplement Plan F Covers:

  • Hospitalization: Part A coinsurance plus coverage for 365 additional days after Medicare benefits end.
  • Medical Expenses: Part B coinsurance (generally 20% of Medicare-approved expenses) or copayments for hospital outpatient services.
  • Blood: First 3 pints of blood each year.
  • Hospice: Part A coinsurance.
  • also Includes:

  • Part A Deductible ($1156)
  • Skilled Nursing Facility Co-insurance ($144.50 daily after day 20)
  • Part B Deductible
  • Part B Excess (100%) What are Medicare Part B Excess charges ?
  • Foreign Travel Emergency

 

 

Basic Benefits are included in all Plans, they are:

  • Hospitalization, Part A coinsurance plus coverage for 365 additional days during your lifetime after Medicare benefits end.
  • Medical Expenses, Part B coinsurance generally (20% of Medicare approved expenses).
  • Blood, first three pints of blood each year.
  • Hospice Care, Covers Part A Coinsurance year.
A B C D F G M N
Basic Benefits Basic Benefits Basic Benefits Basic Benefits Basic Benefits Basic Benefits Basic Benefits Basic Benefits***
Skilled Nursing Coinsurance (100%) Skilled Nursing Coinsurance (100%) Skilled Nursing Coinsurance (100%) Skilled Nursing Coinsurance (100%) Skilled Nursing Coinsurance (100%) Skilled Nursing Coinsurance (100%)
Part A Deductible (100%) Part A Deductible (100%) Part A Deductible (100%) Part A Deductible (100%) Part A Deductible (100%) Part A Deductible (50%) Part A Deductible (100%)
Part B Deductible Part B Deductible
Part B Excess Part B Excess
Foreign Travel Emergency Foreign Travel Emergency Foreign Travel Emergency Foreign Travel Emergency Foreign Travel Emergency Foreign Travel Emergency


*** Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50
copayment for emergency room visits that don't result in an inpatient admission.

10 Steps to understand Medicare Supplemental Insurance

Medicare Part A - Hospital Insurance is coverage for inpatient hospital care, skilled nursing, hospice and some home healthcare, it can be thought of as room and board.

Medicare Part B - Medical Insurance is coverage for the services of medical professionals and supplies such as durable medical goods.

Medicare Part C - Medicare Advantage is private insurance that you can obtain by dropping traditional Medicare. It is also called Medicare Advantage..

Medicare Part D - Prescription Drug Coverage is insurance coverage that is added to traditional Medicare. It is usually purchased in addition to a Medicare Supplement.
Deciding between Medicare Supplement or Medicare Advantage? Choosing between Medicare Supplement and Medicare Advantage is an important decision we have provided a side by side comparison.

Gaps in Medicare Coverage Medicare part A and B recipients still have out-of-pocket charges in the form of deductibles, copayments, coinsurance, and benefit periods. We have outlined the current out of pocket charges.

Compare the different Medicare Supplement Plans Medicare Supplement plans A, N, and F are the most popular. Depending on your specific needs you may find one of the other plans more beneficial for you.
Medicare Supplemental Plan F is by far the most popular Medigap policy, it is also the most comprehensive covering more than any other plan.

Medicare Part B - Excess Charges are charges above the Medicare approved amount for a procedure, most doctors accept Medicare assignment but some specialists charge 115% of the Medicare approved amount.

Get Quotes for Medicare Supplements in your area click on the previouse link to get quotes for Medicare Insurance products in your area.

**The information on this website is intended for informational purposes only and may change at any time.   Medicare Supplement Advisor and V. Reed Speas himself are not connected with or endorsed by the U.S. government or the federal Medicare program.

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