No matter whether you have already enrolled in any of the 2020 Medical Supplement plans or are eligible to be enrolled this year, you need to choose the best plan out there. This is because your choice of the plan determines how much you will have to pay the out-of-pocket costs after the insurance company is done paying its part. You have to weigh the cons and pros of every plan and have to fit them on your situation to determine which one is the best for you. Here is the top Medicare Supplement Plans out there and you can choose your pick from here:
Medicare Supplement Plan N
With a significantly low premium and a lot of benefits, Plan N is the one of the best one out there in 2018. The amount that you will have to pay for an office visit and for the emergency room visit is significantly low as well. The copayments for an office visit are $20 and for that in case of an emergency is $50. However, if you are required to be admitted to a hospital after a general checkup in an emergency, then there will not be any out-of-pocket costs for you. With plan N, there are a lot of added benefits as well. For example, if you need skilled nursing care, then for the first 20 days, you will not have to pay anything at all. Another benefit is that the insurance will cover any emergency care that you may require when you are travelling outside the country.
Medicare Supplement Plan G
After plan N comes to the very famous plan G. This plan has a lot in common with the plan N. It offers almost the same advantages and benefits with a few added perks of its own. Unlike Plan N, you will not be required to copay the visit to the doctor’s office or the emergency room. Its skilled nursing care service is also exactly the same as the plan N as well. One thing that you must know is that this plan does not cover Medicare Part B deductible which you need to think about before making a final decision.
Unlike other plans, it at least covers some of the Medicare Part B excess charges. This means that if you go to a doctor who charges you above the pay scale of Medicare approval on that service, then the plan will pay for excess charges as well. This is only applicable if the excess charges are up to 15% of the amount that Medicare has approved.
Medicare Supplement Plan F
This plan is also popular because just like Plan G, it covers the excess charges as well on Medicare Part B deductible. Other than that, it also offers the same benefits as the plans G and N.
There are a lot of things that need to be taken into consideration while choosing a healthcare plan. Talk to a professional before making a final decision and you will be good to go.