What is the difference between F and G supplement plans?

Asked by: Dr. Kathryne Reilly Sr.  |  Last update: August 16, 2023
Score: 4.8/5 (54 votes)

This part is easy to answer because there is only one benefit difference between Medigap plan G and F. Plan F covers the Medicare Part B deductible and Plan G doesn't. The Part B deductible is a one-time deductible you must pay each year when you see the doctor for non-preventive visits.

What is the difference in Plan G and Plan F?

The major difference between these two plans is that Plan F covers the annual Medicare Part B deductible while Plan G does not. Even with the increasing cost of Original Medicare Part B deductible over time, it may make sense financially to opt for Plan G since it usually has a lower monthly premium than Plan F.

Is Medicare Supplement Plan F better than Plan G?

With Plan F, you have no out of pocket costs, no co-pays or deductibles to pay. Plan G is almost identical to Plan F, with only one exception. That exception is that Plan G does not cover the Medicare Part B deductible. For 2022, the Medicare Part B deductible is $233/year.

Should I change from Plan F to Plan G?

Two Reasons to switch from Plan F to G

You can often save $50 a month moving from F to G. Even though you will have to pay the one time $226 for the Part B deductible on Medigap G, the monthly savings will be worth it in the long run. 2) Plan G will be a better deal in the future.

What is the difference between high deductible Plan F and Plan G?

The Plan F High Deductible is for those who were eligible for Medicare prior to 2020. The Plan G High deductible is for everyone else. They have the same benefits and should have the same premium. With that aside, here is what you need to know going into 2022.

Medicare Supplement Plan F vs Plan G

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Why is Plan F more expensive than Plan G?

The difference between F and G is the cost of Part B deductible. Plan G doesn't cover the Part B deductible (In 2023, it is $226.) After the deductible is met, Plan G benefits are exactly the same as Plan F. Plan F benefits include coverage for all copays, deductibles and coinsurance.

What is the advantage of Medicare Plan F?

Medicare Supplement Plan F offers basic Medicare benefits including: Hospitalization: pays Part A coinsurance plus coverage for 365 additional days after Medicare benefits end. Medical Expenses: pays Part B coinsurance—generally 20% of Medicare-approved expenses—or copayments for hospital outpatient services.

Is Medicare getting rid of Plan F?

In case you missed the news, Medicare Supplement Plan F is being phased out starting January 1, 2020. If you currently have a Plan F, don't panic. You can keep your plan as long as you want. However, if you become eligible for Medicare after January 1, 2020, you can't purchase a Plan F.

Why is Plan F being eliminated?

Medicare Supplement Plan F is being phased out as a result of “The Medicare Access and CHIP Reauthorization Act of 2015”, also known as MACRA. As a result of MACRA, anybody who becomes eligible for Medicare in 2020 will not be able to purchase Plan F.

What is the advantage of Plan G?

Plan G covers everything that Medicare Part A and B cover at 100% except for the Part B deductible. This means that you won't pay anything out-of-pocket for covered services and treatments after you pay the deductible.

Does Plan G have an out-of-pocket maximum?

Original Medicare doesn't have an out-of-pocket limit. Similarly, Plan G has no out-of-pocket limit to protect you from spending too much on covered health care in a year. If you are interested in an out-of-pocket limit, consider Plan K or Plan L. Plan G is most similar in coverage to Plan F.

What is the deductible for Plan F in 2023?

Effective January 1, 2023, the annual deductible amount for these three plans is $2,700. The deductible amount for the high deductible version of plans G, F and J represents the annual out-of-pocket expenses (excluding premiums) that a beneficiary must pay before these policies begin paying benefits.

Are all Medicare Plan F the same coverage?

Remember, all Plan F policies offer the exact same benefits. This is true no matter where you buy the plan. Different insurance companies may charge different premiums, deductibles, copayments or coinsurance for it, but they can't change its coverage.

When should I take Plan G?

Buy Medigap Plan G during Medigap open enrollment

The best time to buy your Medigap Plan G policy is during the six-month Medigap open enrollment period. This period happens only once. It starts once you're 65 and enrolled in Medicare Part B, and lasts for six months.

Do all Plan G cost the same?

Further, because the federal government standardizes Medicare Supplement plans, Medigap Plan G provides the same benefits regardless of the carrier. However, monthly premium rates vary by state and carrier.

Does Plan G include drugs?

Unfortunately, Medigap plans, including Plan G, do not cover the cost of prescription medications.

Is Medicare plan F grandfathered in?

If you already have Plan F, you can your grandfathered in. As long as you were eligible for Medicare before 2020, you can still enroll in Plan F with any carrier that offers it in your area.

Does Medicare plan F cover cataract surgery?

Generally speaking, if you are enrolled in Original Medicare or a private Medicare insurance plan, you have coverage for cataract surgery. It's always best to research and have an open conversation with your medical provider about any additional charges before the procedure is done.

What happened to Plan F Medicare Supplement?

Is Medicare Supplement Plan F being discontinued? Yes. Medicare Supplement insurance plans that pay the Medicare Part B deductible are not available to you if you became eligible for Medicare on January 1, 2020 or later. This change is part of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA).

Is Medigap being phased out?

The Medicare Access and CHIP Reauthorization Act of 2015 states that, after January 1, 2020, insurance companies can no longer offer any new Medigap plan that covers the Original Medicare Part B deductible. On that date, insurance carriers cannot offer Medigap plans C and F to new enrollees.

What Medicare plan is closest to Plan F?

If you're not eligible for Medigap Plan F but want a similar option, Plan G is the closest alternative.

Are Medigap plans being phased out?

Medicare Supplement plans are the most comprehensive coverage you can add to Original Medicare. However, changes in legislation discontinued some of the most popular Medicare Supplement plans. Medigap Plans C and F are no longer available to new Medicare beneficiaries.

Which is better Medicare Part C or F?

Of the 10 Medigap plans, C and F currently pay that deductible, which is $233 for 2022. The difference between plans C and F is that C does not cover the 15 percent in excess charges that doctors who don't participate in Medicare are allowed to charge their patients; Plan F does.

What is Medicare Plan G?

What does Medicare Supplement Plan G cover? Plan G includes all the benefits of Medicare Supplement Plans A, B and C with the exception of the Medicare Part B deductible. It's a good fit for people who want some coverage for hospitalization, but are willing to pay the Medicare Part B deductible on their own.

What is the most comprehensive Medicare Supplement plan?

Medicare Supplement Plan F is the most comprehensive Medigap option available, providing beneficiaries with 100% coverage of Medicare-covered medical expenses after Original Medicare pays its portion.