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Medicare Plan F vs Plan G vs Plan N


When comparing Medicare Supplement Plan F vs. Plan G vs. Plan N, you can see why these are the most popular Medicare Supplement plans. If you are like most people, you want your supplemental policy to cover as many healthcare costs as possible without breaking the bank. This is precisely what a Medicare Supplement (Medigap) plan aims to accomplish.

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Although Medicare Supplement plans are standardized, the differences between each plan letter can be significant. Below we will compare the top three Medicare Supplement plans nationwide; Medicare Supplement Plan F vs. Plan G vs. Plan N.

What’s the Difference Between Medicare Plan F vs Plan G vs Plan N?

Medicare Supplement plans work alongside Original Medicare to cover the costs that would typically be left for the beneficiary to pay. The level of coverage you receive depends on the Medicare Supplement plan you enroll in. Nationwide, the most popular Medicare Supplement plans are Plan F, Plan G, and Plan N. These plans are the most popular due to their comprehensive coverage.

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When comparing Medicare Plan F vs. Plan G vs. Plan N, you’ll notice they provide similar coverage. Note that all premiums are different per state and carrier, but the benefits remain the same.

Medicare Supplement Plan F vs G vs N Comparison

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With Medicare Supplement Plan F, you’ll have zero out-of-pocket costs outside your monthly premium. This is because Medicare Supplement Plan F is a first-dollar coverage plan. Your Medicare Supplement Plan F plan will cover benefits from the first dollar remaining after Original Medicare pays its portion. You have no deductible, no coinsurance, and no copays. All you have to pay is your monthly premium. Additionally, due to its high level of coverage, Medicare Supplement Plan F has the highest monthly premium of the three plans. A typical Medicare Supplement Plan F can range from $180-$300.

With Medicare Supplement Plan G, the only cost you have to pay out of pocket is the Medicare Part B deductible. After you’ve met the deductible, Medigap Plan G will cover the rest, just like Plan F. The average monthly premium for Medigap Plan G is between $150-$220, putting it in the middle of the three plans for both coverage and cost.

Additionally, Medicare Supplement Plan N is excellent for those that are okay paying a small copay when they visit the doctors or hospital. These small copays keep the monthly premium low. If you often go to the doctor’s office, you may want to consider Medigap Plan G. On this plan, you will also be responsible for any excess charges under Medicare Part B. However, these charges are not standard. Some states don’t even allow them.

When it comes to premiums, Medicare Supplement Plan N has the lowest average cost among the three plans. The average Medicare Supplement Plan N monthly premium cost nationwide is $110-$200.

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With Medicare Supplement plans, the benefits are standardized by the federal government. This means it doesn’t matter which carrier you choose to enroll with. The benefits across each letter plan are the same. So, if you like Medicare Supplement Plan G the most, the benefits will not change, no matter what carrier you go with.

Plan F vs Plan G vs Plan N Costs Comparison Chart

Which is Better Medicare Supplement Plan F vs Plan G?

When it comes to coverage, Medicare Supplement Plan F will give you the most coverage since it’s a first-dollar coverage plan and leaves you with zero out-of-pocket costs. However, when it comes to the monthly premium, if you think lower is better, then Medicare Supplement Plan G may be better for you. So, the answer to the question depends on your own needs.

Additionally, if you are deciding between Medicare Supplement Plan F vs. Plan G, you will want to be sure you are eligible for both plans. Those new to Medicare are no longer eligible for Plan F. Thus, many are enrolling in Medicare Supplement Plan G.

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Which is Better Medicare Supplement Plan G vs Plan N?

When you compare Medicare Supplement Plan G vs Plan N, you’ll see that Plan G comes with more coverage. However, Medicare supplement Plan N will come with a lower monthly premium. In exchange for a lower monthly premium, you agree to pay small copays when visiting the doctor or hospital.

So, if you prefer to pay out less as you use the benefits, then Medicare Supplement Plan G may be better since you won’t have any copays when visiting the doctor or hospital. If you prefer to have a lower premium and pay more out-of-pocket over time, then Medicare Supplement Plan N benefits may be better for you.

How Do I Change from One Medigap Plan to Another?

The good thing about Medicare Supplement plans is there’s no Annual Enrollment Period like there is with Original Medicare. You can enroll or change plans at any time. The best time to enroll is during the Medigap Open Enrollment Period during this time carriers can’t deny you coverage or charge you more in monthly premiums due to pre-existing health conditions.

Outside this enrollment window, you can still apply or change your plan. However, you may need to answer underwriting health questions to gain enrollment.

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FAQs About Medicare Supplement Plan F vs. Plan G vs. Plan N

What is the most common Medicare Supplement plan?
In recent years, the most popular Medicare Supplement plan has been Medicare Supplement Plan F with Plan G trailing behind. However, Plan N is quickly gaining popularity due to its lower monthly premium.
Is Medicare Supplement Plan F the best Medicare Supplement plan?
Medicare Supplement Plan F is the plan that will give you the most comprehensive coverage. So, in regard to coverage, yes, Plan F is the best Medicare Supplement plan since it gives you the most coverage. Keep in mind, Medicare changes eliminated Medicare Supplement Plan F for newly eligible beneficiaries.
Can I change from a Medicare Advantage plan to Medicare Supplement Plan G, Plan N, or Plan F?
Yes, you can switch from a Medicare Advantage plan to a Medicare Supplement plan with Guarantee Issue Rights during the first 12 months of enrolling in a Medicare Advantage plan. After that, you may need to wait until the Annual Enrollment Period to switch.

How to Compare Medigap Plan N vs Plan F vs Plan G

Understanding all of your Medicare Supplement plan options is essential when finding the best plan for your individual needs. At MedicareFAQ, we help you choose the Medigap policy that’s best for you.
We work with all of the top carriers and can provide you with unbiased options so that you can get the most affordable Medicare Supplement plan with the best coverage. We’ll answer all your questions and help you enroll in a policy that works for you.

Give us a call at the number above or complete our online rate comparison tool to see what plans are available in your area.

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Sources:

MedicareFAQ is dedicated to providing you with authentic and trustworthy Medicare information. We have strict sourcing guidelines and work diligently to serve our readers with accurate and up-to-date content.

  1. How to Compare Medigap Policies, Medicare . Accessed April 2022.
    https://www.medicare.gov/supplements-other-insurance/how-to-compare-medigap-policies
  2. Source of Coverage Among Medicare Beneficiaries, KFF. Accessed April 2022.
    https://www.kff.org/medicare/issue-brief/a-snapshot-of-sources-of-coverage-among-medicare-beneficiaries-in-2018/
  3. Medicare and the Marketplace, Healthcare.Gov. Accessed April 2022.
    https://www.healthcare.gov/medicare/medicare-and-the-marketplace/

Jagger Esch

Jagger Esch is the Medicare expert for MedicareFAQ and the founder, president, and CEO of Elite Insurance Partners and MedicareFAQ.com. Since the inception of his first company in 2012, he has been dedicated to helping those eligible for Medicare by providing them with resources to educate themselves on all their Medicare options. He is featured in many publications as well as writes regularly for other expert columns regarding Medicare.

14 thoughts on “Medicare Plan F vs Plan G vs Plan N

  1. I have pretty much decided that I want a Plan F (or possibly Plan G) for our (my wife Cheryl and I) supplemental Medicare insurance. We will both be turning 65 in September 2019. I couple of issues for us to consider. 1) We will be splitting time between Cobb county GA and Beaufort county SC – so we need a plan/carrier where we will be covered in both places. 2) I am very interested in Silver Sneakers, so we need a plan/carrier that would cover this in both locations. Thanks, John

    1. Hi John! To answer your questions… 1) All Medigap plans will cover you across all 50 states 2) Some carriers do offer SilverSneakers in their Medigap plans, but this varies across states. Your best option is to talk to one of our agents so they can research the plans in your area that include SilverSneakers in both states.

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