The varied Medicare supplement plans all have their benefits, and it would be unreasonable to label any of them as the best Medicare Supplement Plans of 2018. After all, the plan that works best for one person might be a poor choice for someone else. We’re going to look at these plans and show you why there isn’t a best plan at all.
The Supplemental Plans
Let’s start by looking at what these plans can cover for you. They can take care of a lot of different medical expenses, but you should know that all this coverage may not be helpful to you. Each plan comes with pre-chosen coverage that cannot be changed by anyone but Medicare. Medicare will choose to change these plans up every now and then, but they will let their Medicare subscribers know about incoming changes in advance. They won’t just spring a new change to coverage on them.
The plans cover some very basic medical expenses that Medicare subscribers have to pay regularly, such as co-payments and deductibles as well as coinsurance and pints of blood. These expenses stem from parts A and B of Medicare, from nursing care and hospital expenses. The plans can also cover you for foreign travel exchange, or at least a sizable portion of it after you pay the deductible.
They won’t cover any of the same expenses that Medicare’s basic plan does, so there is no overlap to be concerned about. They also won’t provide full coverage for every leftover expense, and you may still have to pay for some healthcare costs, even with the fullest coverage plan available.
That plan with the most coverage is Plan F. It was once seen as the most desirable supplement plan, but opinion has changed on it over the years. Now, Plan G ranks as the most popular. That’s because it is the most economical of the plans, meaning it saves you the most money for the coverage it offers. It comes with a lot of coverage too, taking care of all the expenses we listed above, except for a deductible for Medicare part B.
If Plan G is too much for you and you want something with a bit less coverage and a lower cost, then you may want to look at Plan N. It covers all the above expenses except for some small copayments you would have to pay from time to time and the excess charges and deductible for Medicare Part B.
Plan G has been saving people a lot of money for a while now, and most informed Medicare subscribers choose it over the other plans, when they want a high-coverage plan. They know that it takes care of a lot of their medical expenses and that it is far more conservatively priced than Medicare Supplement Plan F. If you wanted to put a label on one of these as the best Medicare Supplement Plans for 2018, Plan G would probably take the best spot.
That’s not to say it is for everyone, though. In fact, if you can afford to pay your medical expenses quite well, you don’t even need a supplemental plan. And even if you do, you might be better off with a lower coverage plan than Plan G. It all depends on your situation and what your needs are. It’s different for everyone, and Plan G is really only the best plan for a portion of Medicare subscribers.
How to Pay Less for the Best Plans
The best plan is always the one that saves you the most money. If you choose a Medicare supplement plan, it should be because it will fit your budget and provide the kind of coverage you need in order to make your medical expenses manageable. You don’t need a lot of coverage you will never use, and you shouldn’t try to get the cheapest plan out there if it barely covers what you need to have covered.
You want a plan with some cushion on it that can cover all you need it to and a bit extra. You never know when you will have an emergency or when you will need that extra coverage, and it’s good to have that extra just in case.
But saving money on Medicare supplement plans is done in more ways than just picking the right plan. You also have to pick the right insurance company. each company that sells these plans has their own rates for them. You can find all sorts of different rates for every single plan. So, even though Plan G is usually the most economical plans, that doesn’t mean that every company offering the plan will sell it at a price point that would be advantageous to you.
You should be shopping around and looking for the best rates on these plans. You can do that one of two ways. You can just go from one insurance company to the next, contacting them by phone or visiting their website, and ask for rates on the plan you are interested in. that can take a while, and it may not give you the most accurate results. That’s because those prices change every so often, and if you aren’t keeping up with those changes, you will have the wrong price recorded for the plan you want.
The other way is much easier, and we highly recommend it. You can come to our website and see what the prices are for the plan you want. You’ll be able to see a few different prices so you can compare and contrast to find the lowest one. You don’t have to pay more than the rock bottom price for any of the supplement plans, and there is no reason why you should be taken advantage of on pricing for these plans when it is so easy to find out the best rate. Come see us and save money on Medicare Supplement Plans for 2018.
Get Rates for Medicare Supplement Plans in 2018