Close  

Medicare Supplement 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.

Find Medicare Plans in 3 Easy Steps

We can help find the right Medicare plans for you today

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 Medigap Plan F vs. Plan G vs. Plan N?

Medicare Supplement plans work alongside Original Medicare (Part A and Part B) to cover the costs it typically leaves you to pay. The level of coverage you receive depends on the Medicare Supplement plan in which you enroll. Nationally, the most popular Medicare Supplement plans are Medigap Plan F, Plan G, and Plan N. These are the most popular due to their comprehensive coverage.

Listen to this Podcast Episode Now! Listen to this Podcast Episode Now!
 

When comparing Medicare Supplement 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

With Medicare Supplement Plan F, you’ll have zero out-of-pocket costs outside your monthly premium. This is because Medigap 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 policy can range from $180-$300 per month.

With Medicare Supplement Plan G, your only out-of-pocket expense is the Medicare Part B deductible. After you meet 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 coverage and cost.

Lastly, Medicare Supplement Plan N is excellent for those who 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.

Find Medicare Plans in 3 Easy Steps

We can help find the right Medicare plans for you today

On Medigap Plan N, you will also be responsible for any applicable Medicare Part B excess charges. However, these charges are not standard. Some states don’t even allow them.

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

The federal government standardizes benefits for Medicare Supplement plans. This means the benefits across each letter plan are the same, regardless of the carrier you choose. So, if you like Medicare Supplement Plan G the most, the benefits will not change, no matter what carrier you choose.

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 because it’s a first-dollar coverage plan and leaves you with zero out-of-pocket costs. However, if you’re looking for a lower monthly premium, 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 ensure you are eligible for both plans. Those new to Medicare are no longer eligible for Plan F. Thus, many enroll in Medicare Supplement Plan G.

Should I Switch from Medigap Plan F to Plan G Without Underwriting?

If you can switch Medigap plans without medical underwriting, you should consider the pros and cons of changing plans. Depending on your needs, switching from one Medigap plan to another may be ideal for future healthcare costs. This can be the right decision when it comes to changing from Medicare Supplement Plan F to Plan G.

Due to the discontinuation of Medigap Plan F for those new to Medicare, fewer enrollees join the plan each year. Therefore, those on the plan continue to age, become sick, and eventually, insurance companies must raise monthly premiums to keep up with costs.

Find Medicare Plans in 3 Easy Steps

We can help find the right Medicare plans for you today

Thus, Medicare Supplement Plan F monthly premiums are rising at an annual rate almost double the other Medicare Supplement plans. So, Medicare Supplement Plan G is quickly becoming the most cost-effective plan, even after you pay the Medicare Part B deductible out-of-pocket.

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 involves lower monthly premiums. In exchange for this, however, you agree to pay small copays when visiting the doctor or hospital.

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

Medicare Supplement Plan G vs. Plan N Cost

Medigap Plan G and Plan N are similar. However, there are differences in cost and out-of-pocket responsibilities between plans. The chart below reviews Medicare Supplement Plan G vs. Plan N costs.

Costs Medicare Supplement Plan N Medicare Supplement Plan G
Medicare Part A copays/coinsurance Covers 100% Covers 100%
Medicare Part A deductible Covers 100% Covers 100%
Medicare Part B copays/coinsurance $20 copay at doctor

$50 copay at ER

Covers 100%
Medicare Part B deductible Does not cover Does not cover
Medicare excess charges Does not cover Covers 100%
Average monthly premium $76 – $349 $100 – $368

As you can see, the main difference between Medicare Supplement Plan N and Plan G is the Medicare Part B copayments and excess charges. Medigap Plan G covers these expenses at 100%. Yet, on Medicare Supplement Plan N, you are responsible for covering these costs out-of-pocket.

The right plan for you depends on your needs. If you rarely visit the doctor, Medigap Plan N may be right for you. On the other hand, if you wish to have full coverage with the lowest out-of-pocket costs possible, Medicare Supplement Plan G may be your best option.

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 Medicare Advantage and Part D prescription drug coverage. You can enroll or change plans at any time. The best time to enroll is during your Medigap Open Enrollment. During this time, carriers can’t deny you coverage or charge you more in monthly premiums due to pre-existing health conditions.

Find Medicare Plans in 3 Easy Steps

We can help find the right Medicare plans for you today

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

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

Understanding your Medicare Supplement plan options is essential when choosing the best coverage for your needs. At MedicareFAQ, we help you choose the Medigap policy that’s best for you.

We work with all the top carriers and can provide you with unbiased options to 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.

Complete our online rate form to begin your free Medicare Supplement Plan F vs. Plan G vs. Plan N rate comparison today!

Enter ZIP Code

Enter ZIP Code

Enter your ZIP code to pull plan options available in your area.

Compare Plans

Compare Plans

Select which Medicare plans you would like to compare in your area.

Get Quote

Get Quote

Compare rates side by side with plans & carriers available in your area.

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 Supplement 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.

    Comment

    Your email address will not be published.