Comparison chart of Medicare Supplement plans in 2024
Medigap plans are standardized supplemental plans for Medicare. The policies available are currently labeled A, B, D, G, K, L, M and N. Each plan offers different options to fill the ‘gaps’ left by original Medicare. Benefits vary from plan to plan. The plan policies are offered by private insurance companies that have to adhere to strict regulations set by the government. Comparing Medigap plans is not as difficult as it may look at first view. However, many Medicare beneficiaries do not take the time to evaluate all their options and may end up with a plan that may not best be suited to their individual health care needs.
As each private insurance company is free to set their own rates for the exact same standardized plan benefits, unfortunately many seniors pay hundreds of dollars too much each year if they don’t take the time to compare quotes from different health insurance companies.
It is a good idea to re-evaluate your Medicare Supplement plan coverage, as Medicare health insurance is a rapidly changing market. In many local areas, due to the high competition in the health insurance sector, Medicare Supplemental insurance companies adjust their premiums each year and often time you may find a better deal when change your insurer.
Before you decide to switch your Medigap policy, make sure to consult with your doctor’s office and pharmacy to make sure they will accept the new plan.
Medigap Comparison Chart for 2024
| A | B | D | G** | K | L | M | N | |||
| Medicare Part A Coinsurance and Hospital Costs up to an additional 365 days after Medicare benefits are used up |  |
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| Medicare Part B Coinsurance or Co-payment | |
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50% | 75% | |
Copay**** |
| Blood (First Three Pints) | |
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50% | 75% | |
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| Part A Hospice Care Coinsurance or Co-payment | |
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50% | 75% | |
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| Skilled Nursing Facility Care Coinsurance | – | – | |
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50% | 75% | |
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| Medicare Part A Deductible | – | |
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50% | 75% | 50% | |
| Medicare Part B Deductible | – | – | |
– | |
– | – | – | – | – |
| Medicare Part B Excess Charge | – | – | – | – | |
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– | – | – | – |
| Foreign travel exchange (up to plan limits) | – | – | 80% | 80% | 80% | 80% | – | – | 80% | 80% |
| Out-of-Pocket Limit*** | $7,060 | $3,530 | ||||||||
| * Plan C and F are not sold anymore. If you already have it, you are allowed to keep your plan.
** Plan G also offers a high-deductible plan in some states. If you choose this option, this means you must pay for Medicare-covered costs up to the deductible before your Medigap plan pays anything. *** After you meet your out-of-pocket yearly limit and your yearly Part B deductible, the Medigap plan pays 100% of covered services for the rest of the calendar year. **** Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don’t result in inpatient admission. Source: https://www.medicare.gov/ |
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