Best AARP Medicare Supplement Plans With Medigap

The famous Medigap plans are-

·         Medigap Plan F – Covers 100% of the gap but is very expensive. It had a higher rate of interest and is now eliminated. The plan includes a premium for Medicare Part A, i.e., hospitalization, deductible, and first 60 days of medical expenses at the hospital. The average premium of this plan is $169.14.

·         Medigap Plan G – In this plan, you have to pay the Part B deductible after then 100% coverage is provided to you. The cost in 2020 is $198. It has a lower premium than Plan F and is the most popular plan.

·         Medigap Plan N – It contains 100% of Medicare plan B as in Plan G but has lower premiums. A possible copay for a doctor's visit is $20. It could be less than this but never more. In this plan, you don't have to pay Part B excess charges.

How to be eligible for Medigap?

To be able to get benefits from the AARP Medicare Supplement plans, you must be associated with Medicare. It's available to US citizens of age 65 and above.

Medigap Vs. Medicare Advantage plan

Medicare Advantage plans have a lower premium than AARP Medicare Supplement plans or Medigap. Medigap expenses do increase with the age of the patient. But it covers fewer expenses than that of Medigap. There is more out-of-pocket expenditure hence may lead to greater expenses overall. Before choosing one between these two, one must keep one's lifestyle and health condition in perspective. One can only switch from Medicare Supplement plans to Medicare advantage plan and not vice versa.