To shop over the phone call855-249-0191

Speak with a licensed agent and get expert advice on choosing a plan that’s right for you

Medicare Supplement Plans 2021

The current year has been a roller-coaster. With the health situation all over the world, it is easier to appreciate the importance of health insurance coverage. However, the year is running out and 2021 is fast coming at us. It’s not too early to start comparing the different Medicare plans to enroll for. If your 65th birthday falls in the last three months of the year, your initial enrollment period for Medicare only lasts a couple of months into the next year.

The process for enrolling in Original Medicare may be easy. But often you want to add another Medicare plan to increase your coverage. The other available plans are usually:

  • Medicare Advantage or Part C Plan
  • Prescription Drug Plan or Part D
  • Medicare Supplement Plans or Medigap

Choosing one of these plans may require some thought and comparing the different plans that each part offers needs time. Surely, you want to choose what is best for you. This also applies if you want to switch from one Medicare plan to another. For example, switching from a Medicare Advantage to a Medicare Supplement plan.

All of these plans are government-approved, and they have their coverages that are extensions of Original Medicare. There are private insurance companies like Aetna and AARP that offer comprehensive Medicare Supplement plans and other products. But as a rule, you cannot have a Medicare Advantage plan and a Medicare Supplement plan at the same time.

What does Medicare Supplement Offer for 2021?

Medicare Supplement is also known as Medigap. Have you ever wondered why? Beyond Original Medicare, Medigap fills some gaps between what your Parts A and B pay, and the CMS-approved charges for those services.

In short, Medicare Supplement helps you to cover the cost that Original Medicare leaves you to pay out-of-pocket. But What are the Best Medicare Supplement Plans for 2021?

In 2021, there are up to 10 standardized Medicare Supplement plans available for you. These include Plans A, B, C, D, High deductible F, G, K, L, M, and N. All of these plans serve to make your healthcare journey easier and more affordable.

To get a Medicare Supplement plan 2021, you should already be enrolled in Original Medicare Parts A and B. All your Medigap plans will cover:

  • 100% of Original Medicare  coinsurance and hospital bills up to one year after you have used up your Medicare benefits
  • Medicare Part A hospice care copayment or coinsurance (All plans except K and L cover 100% of the cost)
  • Medicare Part B coinsurance or copayment. (All the plans except K and L cover 100% of the cost)
  • First three pints of blood in a medical emergency (All plans except K and L cover 100% of the cost)
Medicare Supplement Plans 2021

Usually, Plan L pays 50%, and Plan K pays for 75% of these costs. Other benefits of Medigap include skilled nursing facility coinsurance, Foreign travel emergency, and Plan A deductible.

In 2021, Plan G will be the plan with the highest number of enrollments. This is because it offers the most encompassing benefits. In addition to the benefits listed earlier, Plan G will cover your Parts A and B deductibles and copayments, and Part B excess charges. Plan G will also pay for up to 80% of your foreign travel emergency.

Very close to Plan G, is the Plan N for 2021. Plan G is the second supplemental plan that offers the most benefits. There are only a few differences in the benefits both plans offer. Plan N does not cover your Original Medicare Part B excesses. Also, there are copayments such as $50 for emergency care and $20 for doctor’s visits. However, Plan N is a bit cheaper than Plan G, which is how it makes up for the less coverage.

In 2021, Plan F will no longer be available for new subscribers. If you already have a Plan F, then you can continue using it. This is not bad news because Plan G offers the same coverage as Plan F. The only difference is that Plan F pays for your Part B deductibles.

Make sure you choose the best Medigap plan for you after careful consideration. We would love to help with your Medicare journey. So, Feel free to call or mail us for any inquiries about Medicare Supplement Plans.

Medicare Supplement Plans

5 out of 5
based on 75 reviews