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Medigap Plans Comparison


There are 12 different Medicare Supplement (Medigap) plans available to most seniors in 2023. If you’re looking to compare Medigap plans, our easy-to-read chart makes reviewing these options easier than ever.

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Medicare Supplement Plans Comparison Chart for 2023

The chart below depicts all 12 Medigap plans and what they cover after Original Medicare pays its portion.

Medicare Supplement Plans Comparison Chart 2023

Don’t confuse Medigap Plan A and Plan B with Medicare Part A and Part B. Original Medicare includes Medicare Part A, which is inpatient hospital coverage, and Medicare Part B, which covers outpatient physician visits. Medigap Plans A and Plan B are supplemental insurance to cover the costs Original Medicare leaves behind.

No matter which Medigap plan you choose, you can use its coverage at any doctor or hospital nationwide that accepts Original Medicare. A Medicare-accepting doctor can never turn you away because of the carrier you choose for your Medigap plan.

Medigap Cost Comparison Chart for 2023

When choosing a Medigap policy, price is likely at the forefront of your mind. Each Medigap plan requires a monthly premium.

Your premium will range based on various factors, including your gender, age, whether or not you are a smoker, and your ZIP Code. It is crucial to remember that the most significant factor in determining your Medigap premium is the plan letter.

This letter reflects your plan’s level of coverage. Unsurprisingly, the Medigap plans offering the highest levels of coverage cost more than the more basic options.

Below, we compare sample monthly Medigap premiums for the below demographics – all non-smokers living in Tampa, Florida (33634 ZIP Code):

  • A male aged 65 years (non-smoker)
  • A male aged 75 years (non-smoker)
  • A female aged 65 years (non-smoker)
  • A female aged 75 years (non-smoker)
Medigap Plan Monthly Premium (Age 65, Male) Monthly Premium (Age 75, Male) Monthly Premium (Age 65, Female) Monthly Premium (Age 75, Female)
Medigap Plan A $135-$262 $156-$308 $135-$238 $156-$280
Medigap Plan B $178-$263 $212-$300 $178-$229 $212-$261
Medigap Plan C $198-$281* $244-$351* $186-$249* $230-$305*
Medigap Plan D $198-$250 $262-$336 $196-$218 $248-$293
Medigap Plan F $198-$320* $245-$376* $186-$291* $230-$342*
Medigap High Deductible Plan F $52-$118* $86-$146* $46-$103* $75-$127*
Medigap Plan G $181-$274 $224-$341 $170-$243 $206-$297
Medigap High Deductible Plan G $52-$118 $87-$146 $46-$103 $75-$127
Medigap Plan K $64-$151 $90-$176 $62-$131 $86-$153
Medigap Plan L $124-$223 $165-$260 $124-$194 $165-$226
Medigap Plan M $184-$251 $240-$298 $184-$218 $240-$259
Medigap Plan N $145-$207 $176-$247 $129-$188 $163-$241

* If on Medicare before 01/01/2020

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How Much Does Medigap Insurance Cost?

When you compare each Medigap plan, you will notice the average monthly premiums and out-of-pocket costs vary. When you have Original Medicare and a Medigap plan, you will still be responsible for the following expenses.

  • Medicare Part B premium (and IRMAA, if applicable)
  • Medicare Part A premium (if applicable)
  • Medigap plan premium
  • Medicare Part B Deductible – All Medigap plans except Medigap Plan C and Plan F
  • Copayments – Not applicable on all plans
  • Coinsurance – Not applicable on all plans

Medigap insurance cost varies by plan. Some options require copayments and deductibles, whereas others, such as Medicare Supplement Plan F, only require seniors to pay a deductible before coverage kicks in at 100%. Examples are Medigap Plan F and Plan C.

However, first-dollar coverage – meaning no deductible – is no longer available for those new to Medicare. Still, getting affordable, comprehensive coverage through policies like Medigap Plan G is possible if you signed up for Medicare in 2020 or later.

Understanding your out-of-pocket responsibility on each plan is essential before deciding which is best for you.

Medigap Out-of-Pocket Maximum

Navigating the Medigap maximum out-of-pocket (MOOP) limits for your plan can feel confusing. One of the keys to remember is that both Medigap Plan K and Plan L are cost-sharing plans. This means that your plan covers each benefit it provides with a limit set to help seniors avoid paying over a set limit:

  • Medicare Supplement Plan K covers 50% of each benefit.
  • Medicare Supplement Plan L covers 75% of each benefit.

The Centers for Medicare & Medicaid Services (CMS) developed the United States Per Capita Costs (USPCC) estimates to calculate these increases in Medicare’s per capita limits. Medigap plans K and L have maximum out-of-pocket (MOOP) limits of $6,940 and $3,470, respectively, for 2023.

Calculations for the 2023 OOP limits come from estimates published by CMS of the USPCC for Medicare. Using the current estimates of the Total USPCC – non-ESRD for Medicare Part A and Part B for 2022 and 2023, the inflation adjustment for 2023 is calculated. For corrected estimates from prior years, an adjustment is made.

Remember, the more benefits you receive, the higher your premiums will also be. Therefore, seniors can expect the cost of Medigap Plan L to cost more than Medigap Plan K on average.

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How Many Medigap Plans are Available?

There are 12 Medigap plans in most states, lettered A through N. This number includes two high-deductible plan versions; Medigap High Deductible Plan F and High Deductible Plan G. Each lettered plan covers the core policy benefits and different levels of additional benefits.

When comparing Medigap plans, it is essential to consider what each covers and how it aligns with your healthcare needs. Depending on the letter plan, you will receive coverage for out-of-pocket medical costs such as deductibles, copays, coinsurances, and more.

How to Enroll in a Medigap Plan

You can enroll in Medigap plans at any time throughout the year. However, your Medicare Supplement Open Enrollment window is the best time to enroll in a Medigap plan.

If you apply during this opportunity, carriers cannot deny you coverage. You will be eligible for any Medigap plan of your choice.

If you miss your Medigap Open Enrollment Period or decide to enroll in a Medigap plan later in life, you can still do so. Yet, you will need to answer underwriting health questions in most states. Consequently, you can face denial or higher premium charges due to pre-existing conditions.

Medigap Plan Comparison in Massachusetts, Minnesota, and Wisconsin

In 47 of 50 states – plus Washington, D.C. – Medigap plans are standardized using the above-mentioned lettered naming convention. However, that is not the case in Massachusetts, Minnesota, and Wisconsin. The Medigap offerings in these three states are unique.

Although plans with their naming conventions are only available in their respective state, their benefits are comparable to the top Medigap plans. Seniors can use these policies with Medicare-accepting practitioners nationwide, just like the standardized Medigap plans in other states.

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How to Compare Medicare Medigap Plans for 2023

Comparing Medigap plans is a reasonably simple but critical task when enrolling in coverage. We simplify comparing policies and keeping up with changes regarding Medicare.

Our goal is to educate you on all there is to know about Medicare. From there, you can make the best decision for your needs. Our agents are ready to help you compare Medigap plans for the best healthcare based on those needs.

Call the number above now to speak to one of our Medicare experts and get your free rate comparison. Or submit an online rate form to see policies 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. What's Medicare Supplement Insurance, Medicare. Accessed April 2022.
    https://www.medicare.gov/supplements-other-insurance/whats-medicare-supplement-insurance-medigap
  3. Medigap, CMS. Accessed April 2022.
    https://www.cms.gov/Medicare/Health-Plans/Medigap

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.

9 thoughts on “Medigap Plans Comparison

  1. I’m on social security disability and pension. I’m very low income I can’t afford the copays and I haven’ seen my doctors because I go often and cannot afford them. I’m soon to be without anything but Medicare and severely depressed due to this. I need help, please can you help me?

    1. Hi Michele! I’m sorry to hear you’re struggling. I will do my best to help! Do you know what parts of Medicare you have? Do you have Part A, Part B, or a Medicare Advantage plan? I’m assuming since you are paying copays, you have a Medicare Advantage plan. If you’re low-income, you could qualify for a Medicare Savings Program & Extra Help. The MSP will cover most if not all of your cost-sharing, like deductibles, coinsurance, etc. Depending on which one you’re eligible for, it could also help you pay your Part B premium.Then Extra Help will cover your prescription costs.

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