Compare Medicare Supplement Plans 2024

What are the Best Medicare Supplement Plans for 2024?

There are a total of 10 standardized Medigap plans.

Benefits vary from plan to plan; however, the following plans have historically been some of the most popular options among Medicare beneficiaries, and are projected to remain popular in 2024:

• Plan F,
• Plan G,
• and Plan N.

Medicare Supplement Plan F

Of all the Medicare Supplement policies, Medicare Plan F is the most comprehensive, meaning that it offers the most coverage for the out-of-pocket expenses that Part A and Part B don’t cover.

The downside of this plan is that only those who became eligible for Medicare before January 1, 2020 can purchase this plan.

If you already had this plan before that date, you can keep it, and if you became eligible for Medicare benefits before the beginning of 2020 but you haven’t yet signed up for benefits and are planning on doing so for 2024, you may be able to purchase Plan F.

What does Medicare Plan F Cover?

Medigap Plan F provides coverage for the following Original Medicare out-of-pocket expenses:

•         Part A deductible
•         Part B deductible
•         Part A coinsurance and hospital expenses
•         Part A hospice care coinsurance and copayment
•         Part B excess charges (in the event that you see a doctor who doesn’t accept Medicare and they charge more than Medicare has approved for the service you received)
•         Coinsurance for skilled nursing facility care
•         First three pints of blood for medical procedures
•         80 percent of emergency health care that’s deemed medically necessary while traveling abroad

Medicare Supplement Plan G

Medicare Supplement Plan G is an alternative Medigap option for those who would like as much coverage for out-of-pocket Medicare expenses as possible, but who are not eligible to purchase Plan F.

This plan offers all of the same benefits as Plan F, the only exception being the Part B deductible.

What does Medicare Plan G Cover?

With the exception of the Part B deduction, which you will be responsible for, the following Medicare Part A and Part B out-of-pocket expenses will be paid for by Plan G:

•         Part A deductible
•         Part A coinsurance and hospital expenses
•         Part A Hospice care coinsurance and copayment
•         Part B excess charges (in the event that you see a doctor who doesn’t accept Medicare and they charge more than Medicare has approved for the service you received)
•         Coinsurance for skilled nursing facility care
•         First three pints of blood for medical procedures
•         80 percent of emergency health care that’s deemed medically necessary while traveling abroad

Medicare Supplement Plan N

Medigap Plan N is designed for Medicare beneficiaries who are okay with paying a portion of their copays, as well as a minimum yearly deductible in exchange for lower premiums.

If you don’t foresee needing a lot of healthcare in 2024, yet you want coverage for some of the out-of-pocket expenses that are associated with Part A and Part B, this might be the right Medicare Supplement plan for you in 2024.

What does Medicare Plan N Cover?

If you purchase Medigap Plan N, the following Medicare expenses will be paid for:

•         Part A deductible
•         Part A coinsurance and hospital expenses
•         Part A Hospice care coinsurance and copayment
•         Part B coinsurance
•         Coinsurance for skilled nursing facility care
•         First three pints of blood for medical procedures
•         80 percent of emergency health care that’s deemed medically necessary while traveling abroad

With Plan N, you’ll need to pay copayments of up to $20 for each doctor visit and up to $50 for each emergency room visit (the ER fee is waived if you are admitted to the hospital).