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What is the Best Medicare Supplement Plan for 2022?


Original Medicare (Medicare Part A and Part B) doesn’t cover your healthcare in full. Because of this, many seniors choose to enroll in a Medicare Supplement (Medigap) plan to help cover the cost that isn’t covered by Original Medicare. By knowing what the best Medicare Supplement plans for 2022 are, you can be sure you’re receiving the highest level of coverage possible.

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Top 3 Medicare Supplement Plans for 2022

After reviewing all 12 Medicare Supplement plans, we have compiled a list of the top three best Medicare Supplement Plans for 2022. These plans have been chosen based on their coverage, monthly premium, accessibility, and overall client satisfaction. Below we will review the top three plans and how you can benefit from their coverage.

  1. Medicare Supplement Plan F
  2. Medicare Supplement Plan G
  3. Medicare Supplement Plan N

What Is The Best Medicare Supplement Plan For 2022?

The best Medicare Supplement plans for 2022 include Medicare Supplement Plan F, Plan G, and Plan N. Remember, all Medicare Supplement plans are standardized, meaning the carrier does not affect the plan’s coverage.

However, when it comes to finding the right plan for you, there is no one size fits all policy. Meaning, the best Medicare Supplement plan for you may not be the best plan for your Bridge partner and vice versa.

Medicare Supplement Plan F vs G vs N Comparison

Medicare Supplement Plan F: The Premium-Only Plan

Medicare Supplement Plan F is the most comprehensive Medicare Supplement plan available. It leaves you with 100% coverage after Medicare pays its portion. Medigap Plan F covers the Medicare Part A and Part B deductible and the Medicare Part B 20% coinsurance. You will never spend a dime on any Medicare-covered medical services outside of your monthly premium.

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Although this plan offers the most coverage, it is not the highest praised by lawmakers. After passing the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), those who receive Medicare Part A after January 1, 2020, are no longer eligible to apply for the Plan F.

Keep in mind this does not mean the plan has been discontinued for everyone on Medicare. Those who received Medicare Part A before January 1, 2020, are still eligible to keep their Medicare Supplement Plan F, enroll in Plan F, or switch to a Plan F if not already on the plan.

Medicare Supplement Plan F may be the best Medicare Supplement plan for those who:

  • Frequents doctors’ offices and hospitals
  • Live in a state that allows excess charges (if your state allows excess charges, it doesn’t mean your doctor will charge them)
  • Often travels outside the U.S.

Medicare Supplement High Deductible Plan F

For those looking to receive Medicare Supplement Plan F benefits but want to pay a lower monthly premium, the Medicare Supplement High Deductible Plan F might be the best option. This High Deductible Plan F offers the same benefits as standard Plan F, but there is a $2,490 deductible in 2022 that you must meet before all your coverage kicks in. This deductible makes the monthly premium significantly lower than the standard Medicare Supplement Plan F premium.

To be eligible for High Deductible Medicare Supplement Plan F, you must also be eligible for Medicare Supplement Plan F. Thus, you are only eligible if you received Medicare before January 1, 2020

Medicare Supplement High Deductible Plan F is the best choice of Medicare Supplement plan for those who:

  • Are looking for a lower premium
  • Want comprehensive coverage
  • Want peace of mind when it comes to medical expenses

Medicare Supplement Plan G: The Budgeters Plan

Medicare Supplement Plan G allows beneficiaries to budget their medical spending by only being responsible for the annual Medicare Part B deductible before receiving 100% coverage on all Medicare-covered medical expenses. In 2022, the Medicare Part B deductible is $233. Thus, outside of your monthly premium, your only out-of-pocket medical cost for the entire year is $233.

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Due to Medicare Supplement Plan F’s enrollment regulations, Medicare Supplement Plan G is slowly becoming the most popular Medicare Supplement on the Market. Although still behind Plan F in terms of the number of policyholders, Plan G is expected to increase and surpass plan F in the coming years.

Medicare Supplement Plan G may be the best plan for those who:

  • Don’t want surprise out-of-pocket hospital costs
  • Want low annual rate increases
  • Like to travel outside of the United States
  • Live in a state that allows excess charges

Medicare Supplement High Deductible Plan G

Medicare Supplement High Deductible Plan G is just as it sounds. This plan covers the same benefits as the standard Medicare Supplement Plan G and offers a lower monthly premium. Keep in mind the High Deductible G comes with the same high deductible as High Deductible Medicare Supplement Plan F, which is $2,490 in 2022.

The Medicare Supplement High Deductible Plan is a more affordable plan option for those who:

  • Are unable to afford Medicare Supplement Plan G’s premium
  • Are looking for catastrophic coverage

Medicare Supplement Plan N: The Pay-As-You-Go Plan

Medicare Supplement Plan N is the most budget-friendly of the top Medicare Supplement Plans. With this, however, comes more out-of-pocket costs. Medicare Supplement Plan N covers the complete Medicare Part A deductible and Medicare Part B 20% coinsurance. This leaves the policyholder responsible for the deductible, $20-$50 copays when visiting the doctor or hospital, and excess charges if applicable.

Medicare Supplement Plan N is a fantastic option for those who do not regularly go to the doctor or hospital but still look for coverage in emergencies.

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The Medicare Supplement Plan N may be the best choice for those who:

  • Are looking for a relatively low monthly premium
  • Do not mind small copayments
  • Are not concerned about excess charges

This Medigap Plan N requires you to pay small copayments when receiving particular services, such as $20 at the doctor and $50 for an emergency visit. However, you won’t have copays if you visit one of your local urgent care facilities.

Also, Medigap Plan N doesn’t cover the excess charges. However, Medicare Part B excess charges are not allowed in all states or charged by all doctors. The best way to avoid excess charges is to speak with your doctor.

Even though Medicare Supplement Plan N isn’t as comprehensive as other letter plans, it’s one of our clients’ most popular Medicare Supplement plans. This plan makes the list due to its lower premiums and accessibility for those who have stayed relatively healthy.

FAQs

Is Medicare Supplement Plan F the best Medicare Supplement plan?
Medicare Supplement Plan F is known as the best Medicare Supplement plan due to it being the most comprehensive coverage option. With supplement plans, the best choice for one individual may not be the best plan for another. The best plan would be the one that has the lowest premium in your area.
How do I find the best Medicare Supplement insurance plans?
Contact a licensed Medicare agent that you can trust to provide you a non-biased quote with all carriers in your area. Our licensed insurance agents are 100% non-biased. If you want a Mutual of Omaha Medicare Supplement plan, that’s okay! If you prefer Aetna Medicare Supplement plans, that’s fine too.
What's the next best Medicare Supplement plan after Plan F is discontinued?
For those newly Medicare-eligible, the next most comprehensive Medicare Supplement plan would be Medicare Supplement Plan G. If you’re looking for the next best option compared to Medicare Supplement high-deductible Plan F, then you would want to look into high deductible Plan G. But it’s important to remember those options may not be the best for YOU. Consider the things you find most important in your coverage and go from there.

How to Compare the Top Medicare Supplement Plans for 2022

You can easily compare Medicare Supplement plans and rates for 2022 by filling out our online rate form or giving us a call. Our licensed insurance agents can help you compare the best Medicare plans and carriers in your area. Let our Medicare experts help you find a plan in your area today!

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Sources:

  1. Supplements and Other Insurance, Medicare. Accessed May 2022.
    https://www.medicare.gov/supplements-other-insurance/how-to-compare-medigap-policies
  2. Medicare Supplement Insurance, Medicare. Accessed May 2022.
    https://www.medicare.gov/Pubs/pdf/11575-Medigap-Getting-Started.pdf
  3. How to Compare Medigap Policies, Medicare. Accessed May 2022.
    https://www.medicare.gov/supplements-other-insurance

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.

16 thoughts on “What is the Best Medicare Supplement Plan for 2022?

  1. Good Morning
    I’m a retired Union Carpenter from Philadelphia with Health Care for life, but I understand everyone must get Medicare at 65 and my Blue Cross/ Blue Shield now becomes a secondary insurance. I have to look into Medicare 6 months prior.
    My Birthdate is 02/06/1957. What would be the best plan to have if I have BC/BS also?
    We do travel weather here in the US and Europe too. I will need insurance to travel with. Please help me make this choice. Thank you

    1. Hi James! Unfortunately, I cannot give you a good answer without knowing more information. If you have a benefits administrator from your union, your best bet is to reach out to them. They will know what your summary of benefits is with your current BCBS coverage and determine what parts of Medicare you should enroll in. You will want to make a choice during your Initial Enrollment Period. Your IEP begins 3 months prior to your 65th birthday and ends 3 months after your 65th birthday.

  2. Hi Lindsey, I am 66 and my wife is turning 65 December 12, 2020. My last day of work is the same day, and that is when my company insurance will end. Both of us are enrolled in Medicare A & B beginning in December 2020. What are our best options if we plan on living in two separate states as we get ready for retirement?

    1. Hi Dale! If you live in two separate states your best option is to enroll in a Medigap plan since it will travel with you. Medicare Advantage plans are county-specific and will not travel with you from state to state. Your Medigap Open Enrollment Period will begin the month your Part B goes into effect. That is your 6-month window to enroll without having to answer health questions.

  3. Thinking about changing from supplement plan to advantage because advantage is 0 premium plan.are advantage plans worry free

    1. Hi Gerald! Medicare Advantage plan premiums are low, and in some areas zero dollars, because your out of pocket costs are high. It’s important to understand what you’re enrolling in before you make the change. If you leave your Medigap plan for a Medicare Advantage plan, you may never be able to enroll back into another Medigap plan in the future in case you need better coverage. We have a great video and article that explains in detail the differences between Medigap plans vs Medicare Advantage plans.

  4. My husband is retired and has Part A only because he is covered by my employer’s health insurance. I plan on retiring in Jan. 29th, 2021 and need to get coverage for him. He needs Part B & D But I read that Advantage plans called Part C cover all of these. Is this the best way to go as far as price and coverage. He does have to go to the Dr pretty often. No major issues like heart problems. Mainly vascular, clotting issues and arthritis. Knee replacement in his future.

    1. Hi Cheryl! The answer to that question depends on many different factors. Factors that include what your comfortable paying out of pocket as you use the benefits, do you travel, do you have more than one doctor, etc. Medicare Advantage does not work the same as Medigap. It’s important to understand the differences, we have a great article that compares Medicare Supplements and Medicare Advantage you can read.

  5. I am under 65 and became covered under Medicare (disability) after January 2020. Do I have to pay for my part A and B? Also, if I was already enrolled in vision and dental insurance through the healthcare marketplace is it more beneficial for me to continue that coverage through the marketplace or do I need to purchase supplemental insurance (Medigap) or (Medicare Advantage) that includes vision and dental?

    1. Hi Sonya! If you’re collecting SSDI, you won’t be eligible for Medicare until you’ve received SSDI benefits for 24 months. On the 25th month, you’ll qualify for Medicare. As long as you paid into Medicare for at least 40 quarters, your Part A benefits will be premium free. You don’t have to enroll in Part B if you don’t want to, but you’ll be automatically enrolled in the 25th month of collecting benefits. You’ll want to call your local Social Security office to tell them you don’t want to be automatically enrolled to avoid your SSDI checks from being automatically drafted the Part B premium. Neither Medicare or Medigap include vision or dental benefits. You’ll want to either continue your vision and dental insurance through the Marketplace, or look into enrolling in a separate stand-alone dental, vision, and hearing plan outside of the Marketplace. Some Medicare Advantage plans include dental benefits, however, those benefits are very limited. Since you’re under 65, depending on the state you live in, you will more than likely have sky-high premiums for a Medigap plan. You may find that a Medicare Advantage plan is more affordable until you age into Medicare at 65. Once you turn 65, your premiums will be much cheaper for a Medigap plan. However, you will only have Guaranteed Issue for the first six months after turning 65 and enrolling in Part B. You will want to make sure you enroll in a Medigap plan within the first six months, otherwise your disability could get you denied coverage. It’s only during the first six months you have Guaranteed Issue and cannot be denied coverage. I hope this helps!

  6. Is it still possible to find a medicare supplemental plan that offers unlimited lifetime hospitalization? thanks…

    1. Hi Jeff! Thank you for your question. Unfortunately, there are no Medigap plans that offer unlimited lifetime hospitalization.

    1. Hi Peggy! It’s more based on the carriers than the state. There is not an up to date list of states available at the moment. Give us a call and our agents can see what carriers offer high-deductible Plan G in your state as of now.

  7. I am interested in changing my medicare coverage. I became disabled in Mississippi and became covered by Medicare before I turned 65. I have since had my 65th birthday. I would like to learn what may be the best plan option for me at this time.

    1. Hi William! Those who enroll in Medicare before 65 get a second Medicare Supplement Open Enrollment Period when they do turn 65. The first 6 months you’re 65 & your Part B is in effect you’ll be able to enroll in any Medigap plan that’s available in your area. To be able to see what plan is the best option for you, we would need some more information. Give us a call so we can help!

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