With Plan F going away in 2020 for new Medicare participants, many people new to Medicare will be looking at Plan G and N for their medigap coverage. This supplement insurance plan offers the same benefits from one insurance company to another, but the costs can differ, so shopping any supplement plan should include meeting with a Medicare professional.
Because Original Medicare Parts A and B don’t pay for all your healthcare costs, you may want to buy a Medigap policy to supplement your coverage and help pay the uncovered expenses, including your deductibles, copayments, and co- insurance. Some plan also covers services that Medicare doesn’t, including medical care outside the United States.
You can choose among a number of plans, identified by letters of the alphabet, from a range of providers. Each plan offers a slightly different combination of benefits, but all plans identified by the same letter offer identical coverage—except in Massachusetts, Minnesota, and Wisconsin. The premiums, however, vary based on the insurer, and some costs are never covered.
You can find more information on the various plans in “Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare,” a booklet you can download from the Medicare website or in “Medicare & You,” which you should receive in the mail each year.
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