Thanks to government regulations, Medicare Supplement plans have standardized coverage across all states.
Meaning, if you live in South Carolina and choose Medicare Supplement Plan G and your sister living in Washington State chooses the same plan, you will both have the exact same coverage.
The only difference between plans would be premium prices. You may buy Plan G from United Health for $120 per month in South Carolina, but your sister may pay $130 for the same plan through a different company.
Each company may charge different premium prices. Keeping this in mind, it is important to research and compare several different companies. We’ve done a lot of the work for you. Check our list of the Top Medicare Supplement Insurance Companies to narrow your search.
What is a Medicare Supplement?
Medicare is divided into four parts: A,B,C, and D. Each part covers certain costs.
Medicare Supplement Plans fill in any gaps in coverage left behind by Medicare Part A and B.
If you need to be hospitalized or tend to go to the doctor a lot, a supplement plan will help protect your bank account from deductibles and coinsurance payments.
Medicare Supplement Plans Available in Your Area
There are 10 different Medicare Supplement Plans, each assigned a letter: A, B, C, D, F, G, K, L, M, & N.
Here’s a quick break down of each plan:
- Medicare Supplement Plan A: Great for tight budgets, Plan A has low monthly premiums but doesn’t cover a lot of gaps.
- Medicare Supplement Plan B: This plan will protect you from 5 of the 9 gaps left behind by Medicare.
- Medicare Supplement Plan C: Covering all gaps but one, Plan C is a popular plan. As of January 1st, 2020, all new Medicare enrollees will NOT have access to this plan. If you enrolled in Medicare BEFORE January 1st, 2020, you may still choose Plan C.
- Medicare Supplement Plan D: Not to be confused with Medicare PART D, it’s a good plan, covering 2 gaps.
- Medicare Supplement Plan F: The most popular plan. It covers all gaps but does have one of the highest monthly premiums. Just like Part C, Plan F is being phased out. If you have enrolled in Medicare before January 1st, 2020, you may still choose Plan F.
- Medicare Supplement Plan G: Quickly rising in popularity as an alternative to Plan F, Plan G offers a great amount of gap coverage except for the Medicare Part B deductible.
- Medicare Supplement Plan K: This plan offers partial coverage of an out of pocket maximum. After the 2020 change, once you pay all the Part B deductible and out of pocket maximum, this plan covers all other costs.
- Medicare Supplement Plan L: Just like Plan K, once you meet your annual out of pocket and Part B deductible, any other expenses will be covered.
- Medicare Supplement Plan M: Provides coverage from other gaps, but only covers 50% of the Part A deductible.
- Medicare Supplement Plan N: Starting in 2020, Plan N covers 100% of Part B coinsurance $50 ER copays and except for $20 copays for office visits.
Medicare Supplement Plans By State
Want to know more about Medicare supplement plans in your area?
Click on the link below to research and compare your state’s rates.
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia