You might have heard that there is one Medicare supplement plan that is better
than any other, but that’s not really true. Each plan has its own benefits. You
won’t know which will be the best Medicare supplement insurance for you just
by looking at the plan. You also have to take your budget and your health into
You Determine the Best Plan
The best plan is not determined by the amount of coverage it offers but by how
much it benefits you. Sure a full-coverage plan may be convenient, but you don’t
really need anything quite so robust if your health is in good shape.
People with poor health will need more coverage, because their medical bills
will be more extensive. But you shouldn’t automatically spring for the highest-
coverage plan if you are having some financial difficulties. There are other plans
that offer similar coverage to full-coverage plans but at a far reduced price. Let’s
look at some of them.
High Coverage Plans
Some of the best supplemental insurance plans are the ones that offer up the
most coverage. These aren’t suitable for everyone, but for those who need them,
they are a great way to lower costs and reduce stress and worry.
Plan F, for example, will cover all your medical expenses that Medicare is not
taking care of. This includes expenses such as foreign medical care, nursing home
care, pints of blood and all deductibles and co-payments.
Plan G offers a little less coverage, but usually at a lower price than Plan F. The
only difference you will see in these two plans’ coverage is the Part B deductible
you will have to pay with Plan G.
Plan N comes in third for total coverage. If provides everything that Plan G does,
but you will also be required to pay for any Part B excess charges you accrue.
The best Medicare supplement insurance for you is something only you can
determine. You have to take a long look at your finances and your health, and
then use a quote generator like ours to compare rates. This free tool will help you
find the provider with the best rates for your area.