Flash Sale! to get a free eCookbook with our top 25 recipes.

Medicare Supplement Plans for 2022

Are you interested in a Medicare Supplement plan for 2022? Well, you’re not alone. Medicare Supplement plans are an extremely popular option for Medicare beneficiaries in 2022. Especially since in 2022, premiums, coinsurance, and deductibles went up for Medicare. Purchasing a supplement, such as a High Deductible Plan G, could be helpful to those who are looking for some help on gap costs. What are the Medicare Supplement plans for 2022? Keep reading to find out!

The Types of Medigap Plans

There are ten plan options for Medicare Supplement plans in 2022. These Medigap plans are Plan A, B, C, D, F, G, K, L, M, and N. The next section covers more details over these plans and what each plan includes.

Medigap Plan A

Medigap Plan A is the basic Medigap plan. It covers 20% of Medicare gap costs on outpatient care. The benefits include:

  • Medicare Part A coinsurance and hospital costs
  • Medicare Part B coinsurance or copayment
  • First 3 pints of blood
  • Part A hospice care coinsurance

All insurance carriers that sell Medicare Supplement plans must sell Plan A.

Medigap Plan B

Medigap Plan B is the coverage that covers everything Plan A does plus the Part A hospital deductible. This plan pays after Medicare has paid. The benefits include:

  • Medicare Part A coinsurance and hospital costs
  • Medicare Part B coinsurance
  • First 3 pints of blood
  • Part A hospice care coinsurance
  • Medicare Part A deductible

Medigap Plan C

Medigap Plan C is said to be one of the most comprehensive supplements. Everything is covered except Medicare excess charges. Plan C pays both deductibles and 20% you usually owe on outpatient costs. The benefits include:

  • Medicare Part A coinsurance and hospital costs
  • Medicare Part B coinsurance
  • First 3 pints of blood
  • Part A hospice care coinsurance
  • Skilled nursing facility coinsurance
  • Medicare Part A and B deductible
  • Foreign travel emergency

Medigap Plan D

Medigap Plan D primarily covers everything except your Part B deductible or excess Medicare charges. The benefits include:

  • Medicare Part A coinsurance and hospital costs
  • Medicare Part B coinsurance
  • First 3 pints of blood
  • Part A hospice care coinsurance
  • Skilled nursing facility coinsurance
  • Medicare Part A deductible
  • Foreign travel emergency

Medigap Plan F

Medigap Plan F is known as the most popular selling Medigap plan. This plan covers all items you would typically pay for. Many enjoy the peace of mind that comes with having the Medicare gaps paid for. The benefits include:

  • Medicare Part A coinsurance and hospital costs
  • Medicare Part B coinsurance
  • First 3 pints of blood
  • Part A hospice care coinsurance
  • Skilled nursing facility coinsurance
  • Medicare Part A and B deductible
  • Medicare Part B excess charges
  • Foreign travel emergency

There is also a High Deductible Plan F which has excellent coverage after paying your deductible.

Medigap Plan G

Medigap Plan G is a plan that has been gaining extreme popularity. Premiums are competitive for Plan G. It is a similar plan compared to Plan F. Plan G, however, has a better value annually. The benefits include:

  • Medicare Part A coinsurance
  • Medicare Part B coinsurance
  • First 3 pints of blood
  • Part A hospice care coinsurance
  • Skilled nursing facility coinsurance
  • Medicare Part A and B deductible
  • Medicare Part B excess charges
  • Foreign travel emergency 

High Deductible Plan G

There is also a High Deductible Plan G. High deductible Plan G has a few things you should know about:

  • Original Medicare pays 80%
  • Until you meet the $2,490 deductible, you will pay 80% of the portion
  • The plan pays the same benefits as Plan G after your out-of-pocket deductible is met
  • The Part B deductible that is paid will count toward your out-of-pocket deductible

Just as Plan G covers your entire medical costs that are left over after Original Medicare has paid minus your Part B deductible. High Deductible Plan G has the same coverage, but this coverage is available after you reach the Part B annual deductible. 

Medigap Plans K, L, and M

Medigap Plans K, L, and M offer some coverage of certain benefits. Plan K will cover 50% of Medicare costs, and Plan L will cover 75% of costs. Medicare beneficiaries hardly request these plans, so not every carrier offers the plan. 

Medigap Plan N

Medigap Plan N offers low premiums in return for copays for certain things like doctor and emergency room visits. It doesn’t cover Medicare excess charges, doctor, or ER visits. Paying for bills like these can make beneficiaries feel like the plan isn’t worth it. Plan N does have affordable rates, which can be beneficial if you don’t have a lot of excess charges.

The benefits include:

  • Medicare Part A coinsurance and hospital costs
  • Medicare Part B coinsurance
  • First 3 pints of blood
  • Part A hospice care coinsurance
  • Skilled nursing facility coinsurance
  • Medicare Part A deductible
  • Foreign travel emergency

Conclusion

Medicare Supplement plans can be an excellent option for beneficiaries seeking to get the gaps in their Original Medicare covered. There are ten types of Medicare Supplement plans you can choose from. Choosing the one that best meets your needs will benefit you in the long run. After researching the plans, go for the plan that you feel confident will benefit you and your health needs.