Plan F or Plan G: Best Medicare Supplement for 2020

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Plan F and Plan G are Medicare Supplements. They are designed to work with your Medicare, so Medicare pays 80% of your medical bills and the supplement would come in and pay the rest. The Plan F is the "Full Coverage" plan. It covers 20% completely. You have no bills except for your monthly premium. Plan G is almost exactly the same and Plan F, the only difference is that Plan G doesn't pay Medicare's Part B annual deductible of $198.00. After you meet that deductible, you have no medical bills, everything is covered just like Plan F. There are three main reasons Plan G is a better choice than Plan F:
1) Simple Math: Plan F costs $600 more per year in premium than Plan G, so why pay plan F $600 more when the only difference in benefits is that Plan G has a small deductible ($203 for 2021)? That is just giving more money to these big insurance Carriers for no reason.
2) Rate Stability: No one that turns 65 after 01/01/2020 will be able to purchase Plan F. This will cause the Plan F premiums to increase quickly.
3) The Part B Deductible is likely to continue increasing. This will also cause the F Premiums to increase at a higher rate than Plan G.

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I say the G stands for GREAT!! best coverage I've ever had!

oldsmartian
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I love the pure honesty you give....too lazy or too sick. Can't save money any easier way! Don't be scared...make the move now!

shadowzz
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Wow. This is incredible information. Thank you. It is so hard to find real details on F and G. I usually end up going down a rabbit hole of bad info. Keep up the good work!

cookietpa
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I am on plan G. I have peace of mind that I am covered.

lindaberg
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Great information as usual! I have Plan G and and I also live in Florida. I prefer Plan G over Plan N because I only want my out of pocket to be Part B's annual premium. I don't want to worry about copays and excess charges! Thank you, Medicare Bob!

audreystrait
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What state sells Plan G for $80 to $120. Yeah right!! Plan G in Florida for a 65 year old female is $207. And the $207 is the cheapest. Higher with other carriers. There you have it!! Plan N should be your favorite plan as MACRA impacted Plan G as is now a guarantee issue plan and premiums shall rise right behind F. Is G better than F absolutely but not better than N over time for many people!!

christinedaley