Medicare Plan F vs Plan G vs Plan N
Choosing the best Medigap plan for you depends on your individual needs, preferences, and budget. Plan F offers the most comprehensive coverage but is only available to those eligible for Medicare before January 1, 2020. Plan G provides a balance between coverage and cost, and Plan N offers lower premiums with some cost-sharing.
By understanding the differences between these plans and considering your unique circumstances, you’ll be able to choose the plan that best suits your healthcare needs. Keep reading to learn the key benefits and differences of the different Medicare Supplement Plans prior to making your decision.
Comparing Medicare Plan F vs Plan G vs Plan N
We’re comparing Medicare Plan F vs Plan G vs Plan N because they are the three most popular Medicare Supplement Plans. But, what’s the difference between them? And which one is right for you?
Do you want Full Coverage, Great Coverage or Nice Coverage?
Fun Fact: Over 90% of all Medigap enrollees have a Plan F, Plan G or Plan N!
Fun Fact #2: First, all three plans have no networks. This means that you can go to any doctor, hospital or facility that takes Medicare. The Kaiser Family Foundation research showed that less than 1% of physicians have chosen to opt-out of Medicare.
Today, All of these plans cover you in all 50 states and US territories and all of these plans have some international coverage.
Medicare Plan F is the most comprehensive plan available. It covers all the costs for Medicare Part A and Part B services, including deductibles, coinsurance and copays.
Medicare Plan G is very similar to Plan F. The only difference is that Plan G requires you to pay the Medicare Part B deductible.
Medicare Plan N is the least expensive option of the three. It covers most of the same services as Plan F and Plan G.
Medicare Supplement Plan N covers Part B coinsurance, but it doesn’t cover the Part B deductible or the Part B excess charges. If you’re looking for a Medigap plan with low premiums and still provides great benefits, Plan N might be a right choice for you.
All three plans have similar coverage, but the premiums will vary by state and insurance carrier.
Please keep the following in mind:
Plan F = Full Coverage, Plan G = Great Coverage and Plan N = Nice Coverage
No matter which Medicare Supplement plan you choose, you’ll have peace of mind knowing that you’ve got coverage that works with Original Medicare and covers 100% at the hospital (what-if situations).
It’s also important to know that Medigap plans are standardized. This means that, regardless of the insurance company you choose, the benefits offered under each plan type will be the same.
Do you have questions or need help choosing a Medicare Plan? We’re here to help! Give us a call at 866-633-4427 to speak with a licensed insurance agent today. We represent over 25 top-rated insurance companies and can quickly and easily compare Medicare Supplement (Medigap) Plans for you.
Plan F vs Plan G vs Plan N Comparison Chart 2023
Which Medicare Supplement Plan Costs More?
The cost of Medicare Supplement Plan F is most expensive, followed by Plan G and then Plan N. In this case, the more coverage you have, the higher the monthly premium you pay. The average cost of Medicare Supplemental Insurance Plans can vary between companies, amongst many others, such as; zip code, age, gender and more.
Our friendly, licensed insurance agents at Senior HealthCare Solutions will help you compare Medicare Plans and prices from over 25+ top-rated Medicare Insurance carriers. We represent over 25 top-rated insurance companies and can quickly and easily compare Medicare Supplement (Medigap) Plans for you.
What’s The difference Between Medicare F and G Plans?
There is only one difference in coverage between these two Medigap Plans and that is the Medicare Part B annual deductible. The Medicare Part B Deductible: $226 in 2023. In exchange for paying the Part B deductible, you can expect to have a lower monthly premium with Plan G vs. Plan F. Both plans offer a high-deductible option with much lower monthly premiums.
Medicare Plan F vs Plan G Comparison
The graphic below shows the benefits of Medigap Plan F and Medigap Plan G. You can see, the only difference between Medicare Supplement Plan F and Medicare Supplement Plan G is the Part B annual deductible.
Is Plan F better Than Plan G?
What’s The difference between Plan N and Plan F?
Medicare Supplement Plan N has lower premiums and less coverage than Medicare Supplement Plan F.
Medicare Supplement Plan F provides full coverage for Medicare Part A and Part B services (deductibles, coinsurance, and copays). Plan F also has a high-deductible Plan F option, whereas Plan N does not.
Medigap Plan N provides full coverage if you are admitted to the hospital. Otherwise, you’ll pay the following:
- $50 copay Emergency Room Visits (waived if admitted)
- Medicare Part B Deductible: $233 in 2022
- Up to $20 copay for some doctor office visits
- Medicare Part B excess charges (if or when applicable)
Neither of these Medigap Policies include coverage for prescription drugs.
Plan F vs Plan N
You can see below that there are a few differences between the Medigap Plan F and Medigap Plan N. Additionally, Plan F has higher monthly premiums than Plan N.
Is Plan N Better Than Plan F?
No, Plan N is not better than Plan F, if we’re comparing benefits only. However, if you are someone that doesn’t have frequent office visits to the doctor, consider comparing Plan N rates before enrolling in another Medigap Plan. Plan N provides a lot of Nice coverage for the premium you’ll pay!
What’s The Difference Between Plan G and Plan N?
Medicare Supplemental Plan G and Plan N require you pay the Part B annual deductible. Plan N will require you to pay some additional costs that Plan G otherwise covers, such as:
- $50 copay Emergency Room Visits (waived if admitted)
- Part B Annual Deductible (Medicare Part B Deductible: $233 in 2022)
- Up to $20 copy for some physician office visits
- Medicare Part B Excess Charges (not always applicable)
Overall, Plan G offers better coverage and more comprehensive benefits than Plan N, but with a higher monthly premium.
Plan G vs Plan N
Please review the Plan G vs Plan N graphic below to see the plan benefits side by side.
Is Medicare Plan G Better Than Plan N?
Yes, Plan G is better than Plan N when comparing Medigap benefits. But, there is no “one-size-fits-all” Medigap Plan and that’s why you have choices. Remember, the term “better” can mean better benefits or better premium. Plan N has the better premium than Plan G.
How To Get Help With Medicare Plans
At Senior HealthCare Solutions, we try our best to make comparing Medicare Plans simple. You can compare Medicare Supplement Rates without speaking to an agent, just click the link for our online quoting tool. If you have questions or find a plan you’d like to enroll in, give us a call at 866-MEDIGAP (866-633-4427) or schedule an appointment.
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Frequently Asked Questions
What's the best Medicare Supplement Plan?
That depends on your needs and budget. Each Medicare Supplement Plan has something great to offer. Plan F has the most coverage, but Plan N has the best premiums. Call us today at 866-633-4427 and let one of our licensed insurance agents help you compare plans and Premiums, which will help making your choice much easier!
When can I change my Medigap Plan?
Great news! If you have a Medigap Plan, you can apply to change plans anytime throughout the year. There’s no Annual Enrollment Period or Open Enrollment Period that you have to wait for. Medical underwriting will likely be required to qualify for new coverage. Our team will help compare over 25+ top-rated insurance companies and assist with submitting the application for coverage. Call now, 866-633-4427!
Can I change my Medicare Advantage Plan to any Medigap Plan?
Yes, you can change your Medicare Advantage Plan to any Medigap Plan you’d like. However, in most cases and unless you have a Special Enrollment Period, you will likely have to wait until the Annual Enrollment Period (AEP) to make such plan changes. The Annual Enrollment Period runs every year from October 15th-December 7th. Our team of agents are happy to review your plans and let you know if and when you can change plans. Give us a call at 866-633-4427.
Are Medigap plans available to people under 65?
Medigap plans are available to people under 65 in some states if they qualify for Medicare due to disability. However, availability and pricing may vary, and not all plan types may be offered. It’s essential to check with your state’s insurance department or a licensed insurance agent to determine your eligibility and available options.
Is Medicare Plan G the best Plan?
Medicare Plan G is probably the most popular Medicare Supplement Plan. However, Plan F is technically the “best” Medigap Plan, as it offers the most comprehensive coverage. Just keep in mind Plan F is more expensive than Plan G. Plan G covers most of the same benefits as Plan F, with the exception of the Medicare Part B deductible.
Can I switch from Plan N to Plan G?
Yes, you can switch from Medicare Plan N to Plan G. Before making any changes, it’s a good idea to compare the benefits and costs of Plan N and Plan G to determine if the switch is beneficial for you. Additionally, consulting with a licensed insurance agent or a Medicare specialist can help you navigate the process and make the best decision for your specific needs.
Does Plan N have a deductible?
Medicare Plan N does not have its own deductible. However, it doesn’t cover the Medicare Part B deductible, which is an annual deductible you must pay before your Medicare Part B benefits start covering your healthcare costs. As of 2023, the Part B deductible is (insert SC), but it may change in subsequent years.
Is Plan F the best Medicare Supplement Plan?
Plan F is often considered the most comprehensive Medicare Supplement Plan, as it covers all of the gaps in Original Medicare (Part A and Part B). This includes deductibles, coinsurance, and copayments. However, whether it is the best plan for you depends on your individual needs, preferences, and budget. It’s important to note that Plan F is no longer available for new Medicare beneficiaries who became eligible for Medicare on or after January 1, 2020. If you were eligible for Medicare before this date, you can still enroll in or maintain your Plan F coverage.
Is Medigap Plan F better than Medicare Advantage?
Comparing Medigap Plan F and Medicare Advantage is not a straightforward task, as they serve different purposes and have distinct features. It’s essential to understand the differences between these two options to determine which one is better suited to your needs and preferences. Consulting with a licensed insurance agent can help you weigh the pros and cons of each option and choose the one that best meets your needs. Give us a call at 866-633-4427.
Does my spouse need to purchase a separate Medigap policy?
Yes, Medigap policies only cover one person, so you and your spouse would each need your own Medigap policy. This also means that you’ll need to pay separate premiums for each policy. It’s essential to compare options and costs for both you and your spouse to ensure you both have the best possible coverage.