When it comes to covering the gaps in Original Medicare, Medicare Supplement (Medigap) plans can be a valuable resource, Ankeny seniors ask me all the time which plan letter is right for them. These plans help pay for out-of-pocket expenses such as copayments, coinsurance, and deductibles. With several different plan options available, it’s important to understand what each one covers to find the best fit for your healthcare needs.
Medicare Supplement Plan List
Medigap plans are standardized and labeled with letters: A, B, C, D, F, G, K, L, M, and N. Each plan offers a different level of coverage, but the benefits remain the same across different insurance companies. Here’s an overview of what each plan covers:
Plan F – The most comprehensive plan, covering all gaps, including deductibles. Like Plan C, it’s only available to those eligible before January 1, 2020.
Plan G – Offers the same coverage as Plan F except for the Medicare Part B deductible, making it a popular choice for new enrollees.
Plan N – A cost-effective option that covers most benefits but requires some cost-sharing, such as small copays for doctor visits and emergency room trips.
Choosing the Right Medigap Plan
Selecting the right Medicare Supplement plan depends on factors such as budget, healthcare needs, and future medical expenses. Plan G is often recommended for new Medicare enrollees due to its comprehensive coverage and long-term value. Meanwhile, Plan N is great for those looking to save on monthly premiums while still receiving solid coverage.
We represent many of the top carriers available in the market, this includes Ace Medicare Supplement, Physician's Mutual Medicare Supplement, and many others!
I recommend pairing your Medicare Supplement plan with a Cancer Insurance or a Vision Insurance policy.
If you’re unsure which Medicare Supplement plan is right for you, Pierce Insurance can help. Contact us at 515-257-6663 or visit medicareankeny.com to get personalized guidance. Pierce Insurance is proud to serve Ankeny, and all it's surrounding communities such as Des Moines, Polk City, Altoona, Slater, Ames, and many more.
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