You areready to take out an extended health insurance plan and you want to make themost of your money. You may have heard that Medicare’s Supplement F plan is themost comprehensive, but have you consulted Plan G? Supplement Gof Medicare plan is not as popular as Plan F, but it deserves to be considered.There are ten (10) standardized plans called Medigap Insurance only, Medicaresupplements or supplements. If the policy has more insurance, it will take ahigher cost. So how do you find a balance between what you pay in bonds andwhat you decide to pay when you receive insurance? To answerthat, you need to consider your budget, your health and your general attitudetowards insurance. Let’s first look at the differences between the two plans. The F plan covers 100% of the cost of Medicare-insured services, which includes:
• Part A deductible
• Part A co insurance
• Part A Hospice Co Insurance or extra Payment
• Part B additional payment or co insurance
• Part B deductible
• Excess of Part B
• Preventive co-insurance, Part B
• The first 3 pints of blood.
• Specialized co-insurance insurance.
• Emergency travel abroad (within the limits of the policy).
That’s all the cost of insured services. If you are not insured by Medicare, a supplement will not help you. A supplement fills the gaps in insured services.
Well, the Medicare G supplemental plan provides everything but the Medicare Part B deductible, which now stands at 147 USD. Frankly, there is not much difference between these two plans. What is the main factor when choosing?
Plan F vs. Politics G: Mathematics and Probability
ComparingMedicare supplemental plans to insurance companies is quite easy because the plansare standardized. The benefits of Plan F are the same, regardless of thecompany being evaluated. When you have discovered the minimum premiums for both standards, you must do the calculations. These are primarily numbers, as the possibilities of requesting outpatient services (e.g. Part B) are a bit high. In most years, you will probably need services and you will have to pay the entire deductible.
A majorfactor is the difference between annual premiums. For instance, if the annualallocation of plan F is greater than or equal to $ 147 compared to plan G, youmust choose plan G. If it is lower, select plan F. The exception is if you aresure that you will not be needing outpatient services throughout the year You willfind that why insurance companies will not get a lower margin for all plansunless they have reliable actuarial data showing different levels of demandgrowth between the two plans. The choice between the Medicare F supplementary insurance plan and the Medicare G supplementary insurance plan may be influenced by the philosophy of general insurance. If you want to buy it and forget about it, take the plan F.