Medicare Supplement Plan Comparison

Medicare Supplements are one of the best ways to cover Medicare costs. But, with 10 plans to choose from, which one is right for you?

The Low-Cost, Low-Coverage Plans

The Medicare Supplements with the lowest overall price point are Plan A and Plan B. Plan A covers your:

  • Part A coinsurance and hospital costs
  • Part B coinsurance or copayment
  • First 3 pints of blood for transfusions
  • Part A hospice care coinsurance or copayment

Part B is virtually identical, except that it also covers your Part A deductible, which equals $1,484 per benefit period in 2021. The more coverage in the supplement, the more you will pay for your premium. So, the lowest premiums for any supplements goes to Plans A and B, but just remember that you will have much less coverage than others.

The Cost-Sharing Plans

Plans K, L, and M utilize a system known as cost-sharing to lower your monthly premium. Cost sharing means that, when you receive a covered item or service, your Medicare policy will cover a portion, and you will cover the rest. With Plan K, for instance, your plan will cover:

  • 100% of Part A coinsurance and hospital costs
  • 50% of your Part B Coinsurance/Copayment
  • 50% of the First 3 Pints of Blood for Transfusions
  • 50% of your Part A Hospice Care Coinsurance or Copayment
  • 50% of Skilled Nursing Care Facility Coinsurance
  • 50% of your Part A Deductible

Plan L is identical, but covers 75% rather than 50%. Plan M is a bit bigger, and covers 50% of your Part A deductible, but 100% of the other benefits.

How do these cost-sharing options compare to other supplements? Compared to higher-cost, higher-coverage options, these plans have a similar number of benefits, but at a lower overall cost. Because the plan does not cover 100%, your premium is smaller. Those who want coverage on a variety of benefits but don’t want to pay quite as much on a monthly basis.

The High-Coverage Plans

Supplements C, F, G, and N are the highest-coverage options out there. These plans will cover a number of benefits with a higher monthly premium to account for it. Plan F covers your:

  • Part A Coinsurance & Hospital Costs
  • Part B Coinsurance/Copayment
  • First 3 Pints of Blood for Transfusions
  • Part A Hospice Care Coinsurance/Copayment
  • Skilled Nursing Care Facility Coinsurance
  • Part A Deductible
  • 80% of foreign travel emergency care
  • Part B Deductible
  • Part B Excess Charges

This is the largest of all 10 plans, but is far more expensive even than the other high-coverage options. Plan C, on the other hand, does not include Part B excess charges, making the premium much more reasonable. The same can be said for Plan G, which includes Part B excess charges, but not your deductible. These plans are ideal for those who don’t mind a higher premium to avoid paying virtually all out-of-pocket costs.

Plan N has a lower premium, however, because you pay for certain coinsurance fees out-of-pocket. This plan will also cover everything except the Part B deductible and excess charges.

The Average-Coverage Plans

Plans D falls somewhere in the middle of the high and low cost options. Here’s what it covers:

  • Part A Coinsurance & Hospital Costs
  • Part B Coinsurance/Copayment
  • First 3 Pints of Blood for Transfusions
  • Part A Hospice Care Coinsurance/Copayment
  • Skilled Nursing Care Facility Coinsurance
  • Part A Deductible
  • 80% of foreign travel emergency care

Get Medicare Advice From The Experts—Call The Coleman Agency

You have a tough decision to make. If you are interested in a supplement plan, which is right for you, and where can you find it from a good provider at a good price? Let us do it for you. Call The Coleman Agency for peace-of-mind today.

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