Medicare Supplement Plan F vs Plan G - Plan F vs Plan G: Why is Medicare Supplement Plan G Better?

Medicare Supplement Plan F vs Plan G - Plan F vs Plan G: Why is Medicare Supplement Plan G Better?

There is only one difference in coverage between the Medicare Supplement Plan F and the Plan G. That’s right, only ONE. The Plan F pays for Medicare’s Part B annual deductible of only $185.00 and the Plan G does not. The Plan F and Plan G are Medicare Supplements (Medigap). 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 the 20% completely. You have no bills except for your monthly premium. The Plan G is almost exactly the same and the Plan F, the only difference is that the Plan G doesn't pay Medicare's Part B annual deductible of $185.00. 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 $185 deductible? 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 the 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. The Plan F is a great plan. However, with the changes being made to the plan it is no longer the most cost-effective plan.
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