Plan F vs. Plan G: Which Plan Should I Choose?

Plan F vs. Plan G… This is a question that we hear all of the time. We understand – it’s confusing. First, let’s deep dive a bit into what each plan covers.

Plan F offers the most comprehensive coverage of all Medicare Supplement plans. It covers your Parts A and B deductibles, Parts A and B coinsurance or copayments, blood, Part B excess charges and 80% of your foreign travel emergency. Essentially, Plan F policyholders will only pay their monthly premium. They will not incur any out-of-pocket costs for medical expenses. Because of this, the Plan F premium is generally the most expensive. Many people choose the Plan F because of its full coverage. However, because of the difference in premiums between the Plan F and the Plan G, Plan G can sometimes be the smartest option.

Plan G is identical to Plan F, with the exception of the Part B deductible. Once Plan G policyholders pay their Part B deductible ($183 for 2017), they essentially have the Plan F. Plan G monthly premiums are typically much less expensive than the Plan F premiums. Therefore, although the deductible is not covered, Plan G policyholders will typically save money overall with the Plan G due to the premium difference.

Ultimately, Plan G has the same benefits as the Plan F, minus the Part B deductible ($183 for 2017). Once the Part B deductible is paid, they both offer full coverage.

Your monthly premiums depend on many factors: current health conditions, age, gender and the company you choose for your Medicare Supplement Insurance. Although the Plan F premium is more expensive, many individuals forego the less expensive Plan G and choose the Plan F simply because it offers full coverage.

In order to understand all of your options and which plan best fits your health conditions and lifestyle, we recommend that you speak with a Medicare Supplement Insurance agency like Insurance Brokers Direct Inc. At Insurance Brokers Direct Inc, we review your rates online from 30+ of the top Medicare Supplement Insurance providers, including AARP, Blue Cross Blue Shield, Mutual of Omaha and more. Our agents are professional, friendly, and treat their clients respectfully with unbiased advice and recommendations. If you are interested in receiving more information about your coverage options, please call at 1.800.423.5511, and one of our agents will be readily available to help you. We look forward to speaking with you soon!