Medicare recipients have 10 different Medigap plans to choose from, but a full 51 percent of people who have purchased one of these plans have chosen Medicare Supplement Plan F. Why is this plan so popular? The reason is that Plan F covers practically every expense that Medicare leaves for members to pay. The second most popular plan is Plan C that covers everything that Plan F covers except the excess charges of Medicare Part B.
Plan G also covers everything that Plan F covers, but it leaves out the deductible that Medicare recipients must pay for their Medicare Part B coverage. People have the option of choosing Plan D over Plan F, but they would be forfeiting payment of their Medicare Part B deductibles and excess charges.
Plan B covers the patient’s co-insurance or co-payment for hospitalizations and offers them up to an extra 365 days of coverage for hospital stays after Medicare Part A stops paying. It also pays the Medicare Part B co-insurance or co-payment, the hospice co-insurance or co-payment, Medicare Part A’s deductible and for the first three pints of blood for those who need it. It does not pay the co-insurance amount for those who are living in a skilled nursing facility nor does it pay the deductible or the excess charges for Medicare Part B. If people leave the country and need emergency care, Plan B will not pay any of this cost. However, Plan F will cover the expenses listed above that Plan B does not.
Plan A covers even less than Plan B. Those who purchase Plan A will not have their Medicare Part A deductibles paid, but they would if they had purchased Plan F. Plan N pays for everything that Plan D pays for, but Medicare recipients will be responsible for some co-payments to their doctors and trips to the emergency room.
The last Medigap plans are Plan K and Plan L. Five of the six payments that Plan K makes will only cover half of the costs. Medigap Plan L covers 75 percent of the costs, but this falls short of Medigap Plan F that covers 100 percent of everything.