Medicare Supplement Plan F

Understanding Medicare Supplement options can be confusing.  That’s why MWG Senior Services is dedicated to helping you navigate the Medicare maze!

You may be familiar with the Medicare Supplement Plan F.  Although Plan F is the most popular plan because it pays everything after Medicare pays, historically it has higher rate increases.  In addition, Plan F will be phasing out in 2020 along with Plan C.

Plan G is another popular plan and can even save you money!  Everyone likes to save money, right?  What follows is a comparison of how you can save money should you choose Plan G over a Plan F.

Plan F

Plan G

Covers Part B Deductible Doesn’t Cover Part B Deductible
Historically higher rate increases Historically lower rate increases
Higher premiums More affordable premiums
Phasing out in 2020 Will still be on the market in 2020

The Medicare Supplement Plan F is a great plan to have if you go to the doctor frequently, because it picks up the remaining 20% after Medicare pays.  However, if you are a healthier individual, Plan G can not only save you money each month, but also in the long run.

Plan F and Plan C are going away in 2020 for any new Medicare beneficiaries, therefore, we predict, this will cause higher rate increases for those that already have either of these plans.  If that happens, call MWG Senior Services and let us help you find a cost effective alternative.

Yes, the Medicare Supplement Plan F may be the most popular plan, but it may not be your best option.  We can help you find a plan that fits your needs. The team at MWG Senior Services will be happy to help you change your current Medicare Supplement or even assist you in signing up for a Medicare Supplement for the first time!

Call MWG Senior Services at 877-759-5760 or email us at seniorservices@morganwhite.com.  To request a Medicare Supplement rate now, click HERE!

 

 

Medicare Health Insurance

We are MWG Senior Services and we want to tell you about Medicare Health Insurance and what they pay, and what you can expect to pay if you are ever admitted to the hospital. Medicare Health Insurance, Parts A and B, covers 80% of your medical expenses, leaving you responsible for the remaining 20%. For example, if you are admitted as an inpatient at a hospital, 20% would be equivalent to $335 per day for days 61-90 of each benefit period. For days 1-60, there is no cost for coinsurance for each benefit period.  For days 91 and beyond, the cost is $670 per each “Lifetime Reserve Day” after day 90, for each benefit period (up to 60 days over your lifetime). Beyond the lifetime reserve days, you will pay all cost. The Part A hospital inpatient deductible and coinsurance for 2018 is $1,340.

Medicare Health Insurance Part A and B and what they cover:

Part A covers:

  • Hospital Care
  • Skilled Nursing Facility Care
  • Nursing Home Care (as long as custodial care isn’t the only care you need)
  • Hospice
  • Home Health Services

Part B Covers things like:

  1. Ambulance Services
  2. Durable Medical Equipment
  3. Mental Health
  4. Inpatient
  5. Outpatient
  6. Partial Hospitalization
  7. Limited Outpatient Prescription Drugs

Since original Medicare only covers 80%, you can get a Medicare Supplement policy which would cover the cost of the other 20% you are responsible for.

Medicare Health Insurance/ Medicare Supplements:

  • Covers some of the health care cost that original Medicare doesn’t cover such as copayments, coinsurance, and deductibles.
  • Some Medigap policies also offer coverage for services that original Medicare doesn’t cover, like medical care when you travel outside the U.S.
  • Medigap policies generally DO NOT cover long-term care, vision or dental care, hearing aids, eyeglasses or private-duty nursing.

If you are in the market for a Medicare Supplement to help cover your 20%, we are here to help. Just click this link and to see rates in your area. Click here to view Medicare Supplement rates in your area.

Our advisors are always here to answer any questions you have, you can call MWG Senior Services at 877-759-5760 or email us at seniorservices@morganwhite.com.

Best Medicare Supplement Plans 2018

With Medicare changing costs each year, most people are searching the Internet for the best Medicare Supplement plans 2018. Let’s take a brief look at some of the differences between the best Medicare Supplement plans 2018. 

As you may know, Medicare Supplement plans are standardized.  This means that a plan of a certain letter has the same benefits no matter which carrier you choose.  For example, a Plan F with carrier has the same benefits as a Plan F with any other carrier. And although most plans, like Plan F and Plan G, offer similar basic benefits, some additional benefits may also be offered. Plan N and High Deductible Plan F are a little different. If you decide on a Plan N, you will pay up to $20 for a visit to the doctor and up to $50 for an emergency room visit.  You are also responsible for the $183 annual Part B deductible. If you decide on a High Deductible Plan F, then you will have a $2,240 deductible for 2018.  You have the flexibility to choose which plan best meets your specific needs.

The most popular plans are Plan F and Plan G; however, Plan F will phase out in 2020 and new Medicare members will not be able to sign up for this plan. But, if you currently have Plan F, you can keep your plan. 

Best Medicare Supplements Plans 2018:

  • Plan F
  • Plan G
  • Plan N
  • High Deductible Plan F

Medicare Supplement plan benefits adjust with the changing Medicare costs. For example, when Medicare deductibles rise, Medicare Supplement plan benefits will increase to match those increases.

Please review our two top plans (Plan F & Plan G) in the chart below. You will see the NEW Medicare costs for 2018 along with the comparison of what Medicare will pay, what Plan F or G will pay, and what you will pay.  You can click the image to enlarge it.

Plan F & G Chart 2018

To view the best Medicare Supplement plans 2018 in your area, from a variety of carriers, please CLICK HERE. If you have any further questions, feel free to contact MWG Senior Services at 877-759-5760, or by email at seniorservices@morganwhite.com. Our advisors are always ready to assist you with any questions or concerns you may have!