medicare-supplements-plan

Medigap plans offer different coverage and pricing depending on where you live. Although they don’t include dental, prescription drugs, or vision care, they help seniors bridge the coverage gaps in Original Medicare. Below is an overview of what each plan typically covers.

What Do Medigap Plans Cost?

When it comes to the expense of Medicare Supplement plans, there are various factors to take into account. Monthly premiums typically fall between $50 and $300 on average. It’s important to note that costs differ depending on individual policyholder details, and plans with higher premiums usually feature lower deductibles, whereas those with lower premiums tend to have higher deductibles. We’re here to assist you in understanding pricing choices and selecting a plan that aligns with your financial needs.

Which Medigap Plans Are the Most Popular?

Let’s spotlight some of the popular Medicare Supplement plans: F, G, and N. Although Plan F is no longer open to new enrollees born after 1955, it remains favored for its extensive coverage, including 100% coverage of Part A and B deductibles, excess charges, and coinsurance. Plan G also offers comprehensive coverage, except for the Part B deductible. Plan N provides a value-oriented choice, covering most out-of-pocket expenses, except for copayments for office and outpatient ER visits.

 

To determine which Medicare Supplement plans suit your needs and explore various coverage options, feel free to schedule a complimentary consultation with our specialists. Contact us today at (901) 460-7220 and take a proactive approach to securing the appropriate Medicare coverage for your health and financial security.

 

Koran Smith

Owner & Licensed Agent

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