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Medicare Supplement Plans 2024

Summary: The three most popular Medicare Supplement Plans in 2024 by enrollment include Medicare Supplement Plan F, Plan G, and Plan N. The best time to enroll in a Medicare Supplement plan in 2024 is during your Initial Enrollment Period or a Special Enrollment Period. Estimated Read Time: 5 min

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Table of Contents:

  1. Why Should You Enroll in a Medicare Supplement Plan in 2024?
  2. What Are the Top 3 Medicare Supplement Plans 2024
  3. Medicare Supplement Plan F 2024 Highlights
  4. Medicare Supplement Plan G 2024 Highlights
  5. Medicare Supplement Plan N 2024 Highlights
  6. 2024 Medicare Supplement Plan Carriers
  7. Medicare Supplement 2024 Enrollment Periods
  8. Which Medicare Supplement Plan in 2024 is Right For You?

Medicare Supplement plans in 2024 act as secondary coverage to Original Medicare benefits. When you are enrolled in a 2024 Medicare Supplement plan, you will save Medicare Part A and Part B related out-of-pocket costs, thus lowering your total out-of-pocket healthcare expenses.

Also known as Medigap plans, Medicare Supplement plans in 2024 offer comprehensive benefits to help meet the diverse needs of individuals enrolled in Medicare. With 10 standard and two high deductible plans available, there is a plan for all budgets and coverage requirements.

Why Should You Enroll in a Medicare Supplement Plan in 2024?

There are several perks of enrolling in a Medicare Supplement plan. Aside from covering the costs left over by original Medicare, individuals who enroll in Medigap plans are typically attracted to the plans due to their lack of network restrictions. This means that you can use your Medicare Supplement plan – regardless of the carrier – at any hospital or doctor’s office nationwide that accepts Medicare.

Additionally, Medicare Supplement plans will never require a referral or prior authorization to pay out its benefits. This allows you to skip the hassle of unnecessary visits and allows for faster solutions to your health concerns.

What Are the Top 3 Medicare Supplement Plans 2024

With a total of 12 Medicare Supplement plans available in 2024, it may be difficult to understand which plan best fits your needs. Although there are a high number of plans available, the majority of enrollees enroll in one of three plans. In fact, nearly 83% of enrollees choose one of the three most popular plans.

“Enrolling in Medicare Supplement Plan G is a no-brainer if you visit your doctor regularly and like to plan ahead for your future” says Jagger Esch, President and CEO of Elite Insurance Partners.

“Like Medicare Supplement Plan F, Plan G does a great job of covering your costs and reducing the amount you pay for care.” He continues, “If Plan G is out of reach in terms of budget, Medicare Supplement Plan N is a great back-up plan if you don’t mind paying the copays when you receive services. Overall, you can’t go wrong when enrolling in a Medicare Supplement plan.”

In order of enrollees, the top three most popular Medicare Supplement plans in 2024 are:

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

Let’s break them down:

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Medicare Supplement Plan F 2024 Highlights

After January 1, 2020, Medicare Supplement Plan F is no longer available to new Medicare enrollees. However, if you became eligible for Medicare prior to this date, you can still enroll in Plan F coverage.

In 2024, Medicare Supplement Plan F benefits include:

  • 100% coverage for the Medicare Part B deductible
  • 100% coverage for Medicare Part B coinsurance
  • 100% coverage for the Medicare Part A deductible
  • 100% coverage for Medicare Part A copayments and coinsurance
  • Foreign travel emergency coverage

Medicare Supplement Plan G 2024 Highlights

Medicare Supplement Plan G is available to all Medicare enrollees in 2024 regardless of when you became eligible.

In 2024, Medicare Supplement Plan G benefits include:

  • 100% coverage for Medicare Part B coinsurance
  • 100% coverage for the Medicare Part A deductible
  • 100% coverage for Medicare Part A copayments and coinsurance
  • Foreign travel emergency coverage

Medicare Supplement Plan N 2024 Highlights

Like Plan G, Medicare Supplement Plan N is available to anyone enrolled in Medicare in 2024.

In 2024, Medicare Supplement Plan N benefits include:

  • 100% coverage for the Medicare part A deductible
  • 100% coverage for Medicare Part A copayments and coinsurance
  • $20-$50 copayments for Medicare Part B covered services
  • Foreign travel emergency coverage

2024 Medicare Supplement Plan Carriers

Medicare Supplement plans in 2024 provide the exact same benefits regardless of the state you live in or the carrier you choose to enroll through. Thus, the carrier you choose to enroll in can actually play a large part in your overall satisfaction.

Each carrier is given free range to price their Medicare Supplement plans how they see fit. Meaning, carriers offering the Medicare Supplement plan of your choice at the lowest cost is often the most appealing.

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However, when deciding between Medicare Supplement carriers, it is important to take note of their rate increase history, customer satisfaction ratings, and financial stability ratings. These factors will be helpful indicators in determining the right carrier for you.

Popular Medicare Supplement plan carriers in 2024 include:

  • Aetna
  • Allstate
  • Cigna
  • Humana
  • Lumico
  • Manhattan Life
  • Mutual of Omaha
  • National General
  • United American
  • United Healthcare
  • And more!

The list of carriers above are not the only carriers offering Medicare Supplement plans nationwide. There may be other carriers in your area. When selecting a carrier, it is essential to review all of your options before determining which carrier is right for you.

Medicare Supplement 2024 Enrollment Periods

You can enroll in or change your Medicare Supplement any time once you have enrolled in both Medicare Part A and Medicare Part B. However, the best time to enroll in a Medicare Supplement plan in 2024 is during your Medicare Supplement Open Enrollment Period.

During this time, you receive guaranteed issue rights to enroll in a Medicare Supplement plan without having to answer medical underwriting questions.

If you do not have guaranteed issue rights, you will likely need to go through medical underwriting which can cause your application to be denied for any reason. To avoid this, enrolling during your Open Enrollment Period or a Special Enrollment Period is your best option when it comes to Medicare Supplement enrollment in 2024.

Which Medicare Supplement Plan in 2024 is Right For You?

To determine which 2024 Medicare Supplement plan is best for you, it is important to compare Medicare Supplement plans in your area and determine which plan matches your needs. At MedciareFAQ, our team of licensed agents are highly knowledgeable about all things Medicare.

We help assist you in the process of finding the right Medicare Supplement plan for your lifestyle, and we even review Medicare Advantage, Medicare Part D, and additional ancillary coverage as well.

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Our services are always 100% free with no obligation to enroll. To speak with a licensed insurance agent, complete our online rate form or give us a call at the number above.

Kayla Hopkins

Kayla Hopkins

Content Editor
Kayla Hopkins is an accomplished writer and Medicare guru serving as the Editor of MedicareFAQ.com. Upon completing her Communications degree from Ohio University, Kayla dedicated her time to understanding the ever-evolving landscape of healthcare. With her extensive background as a Licensed Medicare Insurance Agent, she brings a wealth of knowledge and expertise to her writing.
Ashlee Zareczny

Ashlee Zareczny

Compliance Manager
Ashlee Zareczny is the Compliance Manager for MedicareFAQ. As a licensed Medicare agent in all 50 states, she is dedicated to educating those eligible for Medicare by providing the necessary resources and tools. Additionally, Ashlee trains new and tenured Medicare agents on CMS compliance guidelines. Ashlee is a Medicare expert who specializes in Medicare Supplement, Medicare Advantage, and Medicare Part D education.

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