What Is the
Most Popular
Medigap Plan?
What is the Most Popular Medigap Plan?
If you’re new to Medicare, one of the most important decisions you’ll face is whether to get a Medigap (Medicare Supplement) plan. Medigap plans are designed to help cover the gaps in Original Medicare, like deductibles, coinsurance, and copayments, so you can have more predictable healthcare costs.
As a licensed agent, I often hear from clients who are overwhelmed by all the choices. To make it simple, I’ll focus on the three most common Medigap plans that suit the average person: Plan G, Plan N, and Plan F.
Understanding Medigap
Unlike most insurance, Medigap plans are standardized by letter, meaning Plan G in one state offers the same core benefits as Plan G in another, though premiums can vary widely—making the letter more important than the price.
1. Medigap Plan G
Plan G is widely considered the most popular choice for many new Medicare enrollees. It covers almost everything Original Medicare doesn’t, except the Part B deductible. This means you’re responsible for paying your Part B deductible each year, which is a set amount determined by Medicare.
Pros:
Covers most out-of-pocket costs, including coinsurance and excess charges.
No annual or lifetime limits on covered services.
Predictable healthcare costs throughout the year.
Cons:
You must pay the Part B deductible, which can be several hundred dollars annually.
Premiums may be slightly higher than Plan N, though generally lower than Plan F for new enrollees.
Plan G is a strong choice if you want comprehensive coverage and predictable costs without paying the highest premiums available.
2. Medigap Plan N
Plan N is another popular option, especially for people who are looking for slightly lower monthly premiums. It covers nearly everything that Plan G does, except you may have small copayments for office visits or emergency room visits that don’t result in admission. It also doesn’t cover Part B excess charges, which are rare but can occur if a provider charges more than Medicare allows.
Pros:
Lower premiums than Plan G and Plan F.
Covers most out-of-pocket expenses.
Predictable costs for routine healthcare.
Cons:
You may have small copays for office visits and ER visits.
Does not cover Part B excess charges, which could add up if you see providers who charge above Medicare rates.
Plan N works well for people who are healthy, rarely visit the doctor, and want to save on monthly premiums while still having solid coverage.
3. Medigap Plan F (for those eligible)
Plan F used to be the most comprehensive plan and covers all out-of-pocket costs, including the Part B deductible. However, Plan F is only available to people who were eligible for Medicare before January 1, 2020. If you fall into this category, Plan F provides the most peace of mind, with no copays, coinsurance, or deductibles to worry about.
Pros:
Covers everything Original Medicare doesn’t.
Offers complete financial protection against unexpected medical costs.
No surprises for out-of-pocket expenses.
Cons:
Only available to people who were already eligible for Medicare before 2020.
Premiums are higher than Plan G and Plan N.
Making the Right Choice
Choosing the right Medigap plan comes down to your health, financial situation, and comfort with paying out-of-pocket costs. If you want nearly complete coverage and don’t mind paying the Part B deductible, Plan G is often the best option. If you want lower premiums and don’t mind occasional copays, Plan N is a solid choice. And for those lucky enough to still qualify, Plan F remains the ultimate in coverage.
As a licensed agent, I recommend starting by comparing monthly premiums, out-of-pocket costs, and how often you see doctors. Your ideal plan should give you confidence that you’re protected without overpaying. If you’re unsure which plan fits your needs, I can walk you through your options and help you choose the Medigap plan that’s right for you.
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295 Worth Ave #1052 Stafford, VA 22556
Call/Text: 540-992-0332
Medicare Disclaimer: I do not offer every plan available in your area. I represent a number of Medicare Advantage organizations, which offer products in your area. Any information I provide is limited to those plans I do offer in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.
Disclaimer: I am not affiliated with or endorsed by Medicare or any US government agency. Insurance related solicitation.