Medicare brings you some new and improved plans for the year 2021, with a new and hopefully better year. Plan F was removed from the lineup for anyone new to Medicare last year, and by doing so, Medicare Plan G and N became the most popular plans available for those who turn 65 or are first on Medicare. We’ve been in business for over a decade now, helping seniors with their Medicare Medicare Supplement Plans insurance nationwide in a total of 47 states.
Below is the information about the Medicare supplement plans for 2021 and it will help you determine which plan is best for you.
Medicare Supplement Plans Comparison Chart
Medicare Supplement Plans Chart – How to Read it
In the left column is a list of benefits, and to the right of them shows the amount that each plan pays.
On the top, you’ll see all of the Medicare plans for 2021 that are being offered, broken down by Plan letter.
Top 5 Medicare Supplement Plans for 2021
Here are some of out top plans for the upcoming year:
- Medicare Supplement Plan G
- Medicare Supplement Plan N
- Medicare Plan D
- High-Deductible Plan G
- Medicare Supplement Plan K
There are no major changes happening with Medicare plans for 2021, however, there are few things that should be taken into account specifically for people still on Medicare plan F.
The first and foremost thing is that if you’re new to Medicare (starting from January 1st of 2020 and beyond) you’re not allowed to get a Plan F.
Only people who were enrolled in Medicare Plan A and B prior to January 1st, 2020 are allowed to enroll in Plan F.
That being said, we realize there are still a lot of you out there who still have plan F.
Even though plan F went away, for now, people to enroll in, you were obviously allowed to keep it. However, we would encourage you to look at Medicare supplement Plan G for 2021 and you can save a considerable amount on it.
Medicare Supplement Plan F
Medicare Supplement Plan F offers 100% coverage, except for foreign travels, where they’re 80% for emergencies only. There are a couple of other benefits.
But 100% of your basic medical expenses are covered by Medicare as well as Plan F. And that’s from day one.
Again, people new to Medicare can’t enroll in Plan F, but that’s because most of them might not benefit from it completely.
Medicare Supplement Rates
A number of factors add up to make Medicare Supplement plan rates. Therefore without consulting a professional you might not get an accurate quote.
The factors they use to calculate Medicare Supplement Rates are
- Tobacco use
- Zip Code
- Household discounts
Medicare Plan B Deductible
Plan B deductible is what’s required to be paid by your Plan GMedicare Supplement Plans.
So keep in mind with Medicare Supplement Plan F, the plan gives you a benefit of $198, meaning it pays the deductible for you, and in 2020 it’s at least $198.
With Medicare Plan G, after the deductible is met it’s 100% coverage for the rest of the year.
We assure you that you’re paying at least $300 a year or more in premiums for Plan F over G, simply to get a $198 + benefit.
Medicare Supplemental Plan G
As described above Part B deductible is paid 100% by Plan F, and with Plan G you pay it yourself.
That’s the only difference. Well, aside from much lower premiums and rate increase for Plan G.
The question here is, “Well, how much is the deductible?”
Well, it changes a little every year. For 2020 the amount is $198 and it will go up slightly for 2021.
Now, the plan chart you see below on our web page is for 2021, which means this coverage is not changing through 2021. And probably stay the same for a couple of years after that.
Medicare Supplement Plan N
“What about all the other letters on this Medicare Plan chart?” amd that is the question you might ask, right?
We understand, it seems like there are so many other options and you want to know the best one, but most of them would be a terrible option for you.
K and L, however, have 50 percent coverage for some benefits and 75 percent coverage for others. If you can see on the map, on all of those same things, the next plan up, which is Plan N, gives 100 percent.
So if you spend an additional $2 or $3 a month for Plan N over other options to get 100% coverage, you can see that’s the way to go.