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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:

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. 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.

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

  1. 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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