Medicare is the United States’ health insurance program for people aged 65 or older. Certain people younger than age 65 can qualify for Medicare, including those with disabilities or permanent kidney failure. The program helps with the cost of healthcare, but it does not cover all medical expenses or the cost of most long-term care.
Medicare Supplement Plans Comparison Chart 2023
|Plan A||Plan B||Plan C||Plan D||Plan F*||Plan G*||Plan
|Plan M||Plan N|
|Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes|
|Part B coinsurance or copayment||Yes||Yes||Yes||Yes||Yes||Yes||50%||75%||Yes||Yes|
|Blood (first 3 pints)||Yes||Yes||Yes||Yes||Yes||Yes||50%||75%||Yes||Yes|
|Part A hospice care coinsurance or copayment||Yes||Yes||Yes||Yes||Yes||Yes||50%||75%||Yes||Yes|
|Skilled nursing facility care coinsurance||No||No||Yes||Yes||Yes||Yes||50%||75%||Yes||Yes|
|Part A deductible||No||Yes||Yes||Yes||Yes||Yes||50%||75%||50%||Yes|
|Part B deductible||No||No||Yes||No||Yes||No||No||No||No||No|
|Part B excess charge||No||No||No||No||Yes||Yes||No||No||No||No|
|Foreign travel exchange (up to plan limits)||No||No||80%||80%||80%||80%||No||No||80%||80%|
|Out-of-pocket limit**||N/A||N/A||N/A||N/A||N/A||N/A||$6,940 in 2023||$3,470 in 2023||N/A||N/A|
Most Popular Medigap Plans for 2023
The most popular Medigap plans for 2023 include Medicare Supplement Plan G.
Medigap Plan G
Original Medicare covers hospital care, doctor’s visits,and related services, but does not cover all care. You’ll still have a deductible and may have copays or coinsurance fees.
Medigap supplemental insurance covers the cost of Original Medicare deductibles, coinsurance, and copays. Medigap Plan G is available in some states as a high-deductible plan. The specific additional benefits of Medigap Plan G include:
- Coverage for an additional 365 days of hospital care after Original Medicare benefits are exhausted, as well as coverage for hospital coinsurance and deductibles.
- Coverage for Medicare Part B coinsurance and copays.
- Coverage for the first three pints of a blood transfusion.
- Medicare Part A’s hospice copayment or coinsurance.
- Medicare Part A deductibles.
- Up to 80% of foreign travel exchange.
- Care in a skilled nursing facility.
Medigap Plan G does not cover dental care, cosmetic procedures, or acupuncture.
Medigap Plan N
Medigap Plan N is a privately administered type of Medicare supplement insurance. It’s designed to help cover specific out-of-pocket costs that Medicare Part A and B don’t cover.
Plan N covers things like Medicare Part A coinsurance, and Medicare Part B coinsurance for outpatient care. If you spend a lot each year on coinsurance and copays, Medicare Supplement Plan N is for you.
How to Enroll for 2023
To enroll for a Medicare Supplement plan for 2023, make sure to be aware of the enrollment start and end dates. Additionally, you can:
- Find a Medigap policy
- Call your State Health Insurance Assistance Program (SHIP)
- Call your State Insurance Department
How to Change Medicare Supplement Plans
To change Medicare Supplement insurance plans, call the insurance company who is selling the plan you want. If they accept your application, call your current Medicare Supplement insurance company and ask how to end your coverage with your current plan.
What Happened to Medicare Plan F?
Medicare Plan F has not been discontinued, however it is no longer an option for those newly applying to Medicare. Medicare Supplement plans are now no longer allowed to provide coverage for Part B deductibles.
What do Medicare Supplement Plans Cover?
Medicare Supplement Plans cover costs you’re typically responsible for with Original Medicare, such as deductibles, coinsurance, hospital costs, and skilled nursing facility costs.
When to Apply for Medicare Supplemental Insurance?
You should apply for Medicare Supplemental Insurance during your 6 month Open Enrollment Period.
How Much Does Medicare Supplement Insurance Cost?
Costs vary from coverage to coverage, so it is best to find a plan that suits your needs and discuss your interest in applying for Medicare Supplement Insurance with your carrier.