Medicare supplement plans unlike from Medicare plans sponsored by Federal government are provided by private insurance company and have policy to cover extra health care cost out of scope of Part A and Part B Medicare plans. Medicare supplement plans A, B, C, D, F, G, K, L, M, and N are the available plans in United States of America. Medicare supplement plans have their own pros and cons alongside the coverage.
According to reports published by various insurance companies in United States of America Plan F, G and N are the most popular Medicare supplement plans for 2019 available at http://www.medigapplansguide.com and in US. They are popular in sense that they are mostly requested by their clients or these plans are frequently applied by their clients. Moreover, above mentioned plans fill all the gap of Medicare. Most of the insurance company offers plan F and G while plan N is not offered by every insurance company.
Why is Plan F so popular?
Medicare supplement plan F is considered the most popular plan purchased these days. Moreover, being popular means higher cost among the other. It is similar to stocks in share market. More popular is the company higher is the stock rates and vice versa. Depending on your age and place you live the cost of Plan F can differ slightly. Plan F is said to have only one drawback and that is it doesn’t cover the drug prescription cost covered by plan D.
Why is Plan G so popular?
Medicare supplement plan G is popular among people due to its low premium cost compared to other Medicare supplement plans available with huge coverage. Plan G covers all the topics covered by Plan F except the deductibles. Moreover, it is believed that plan G also saves our money due to little fluctuation in its rate. Thus, plan G is so popular among people who are interested in Medicare supplement plans.
Why is plan N so popular?
Among various option available for selection while taking Medicare supplement plans like A, B, C, D, F, G, K, L, M, and plan N is also considered one of the popular plans available. Plan N covers everything covered by plan G except excess charges. Moreover, plan N is said to have very low premium rates compared to other popular Medicare supplement plans listed above in this article.
Thus, one should make a good choice of supplement plan so that he could make huge benefits my investing little amount of money.