People who first became eligible for Medicare before January 1, 2020
If you were eligible for Medicare prior to December 31, 2019, Plan F is the most comprehensive Medicare Supplement plan. With Plan F, you essentially pay nothing out-of-pocket for Medicare-covered services. Plan F pays all Part A and Part B deductibles, coinsurance amounts, excess charges, leaving you with nothing out-of-pocket.
Medicare supplement plans sold to people new to Medicare can no longer cover the Part B deductible. Because of this, Plan F is no longer available to people new to Medicare on or after January 1, 2020. However, if you were eligible for Medicare before January 1, 2020, but not yet enrolled, you may be able to buy one of these plans that cover the Part B deductible (Plan C or F). If you already have or were covered by Plan C or F (or the Plan F high deductible version) before January 1, 2020, you can keep your plan.
The most comprehensive Medicare Supplement if you became eligible after January 1, 2022
Medicare Supplement Plan G is a supplemental policy that has become more common since it was first made available a few years ago. And thanks to the phasing out of Plan F in 2022, Plan G is now the plan of choice for many.
Plan G has essentially the same comprehensive benefits as Plan F, except that it does not cover the Part B deductible. Plan G pays 100 percent of your out-of-pocket costs for covered services once you meet your Part B deductible.
Plan G offers top coverage for preventive visits, emergency care or chronic conditions. It is a comprehensive option you should consider for supplementing your Medicare coverage.
There are 10 standardized lettered Medicare supplement policies to choose from. Each standardized Medicare supplement policy with the same lettered plan must offer the same basic benefits, no matter which insurance company sells it.
Cost is usually the only difference between Medicare supplement policies with the same letter sold by different insurance companies
All Medicare supplement policies must follow federal and state laws designed to protect you, and policies must be clearly identified as “Medicare Supplement Insurance.”