Medicare Supplements F vs G

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Drew McCormick - Benefits Consultant at Healthcare Solutions Team

I'll take a dive into the differences between Medicare Supplement F and G and hopefully clarify some of the confusion.

Pretty common question - what is the difference and there really isn't a huge difference between the two. Supplement F is the most comprehensive supplement, it covers all of your out of pocket expenses, with no co-pays, no deductibles. Plan F is the most comprehensive supplement that's offered. It pick up picks up the 20% that's not covered by A and B with no out of pocket costs for you, so as long as it's a Medicare approved expense, your supplement will pay 100% of that cost.

Now, versus Plan G. Plan G works the exact same way. With the exception of $183 deductible, which is what it's at currently, it just changes a little bit every year. But it's currently at $183. Once you've met that $183 deductible then Plan G is also going to pay 100% of your medical expenses, the same way as, F is going to.

Between the two, in a lot of cases Plan G will actually work out to be less expensive. When you do the math on it. Meaning plan F has no out of pocket expenses so you're going to pay your monthly premium over the course of the year 12 times, so if you do the cost of Plan F x 12 you'll have your total annual cost for that.

Now if you do versus Plan G. So once again, cost of Plan G x 12 plus that $183 deductible, in a lot of cases plan G can actually work out to be less expensive so when you simply do the math on it, G typically makes more sense, which is also one of the reasons plan F is going to be phased out here in 2020. But for the time being. It's currently offered so that's the differences between F and G.
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I'm Drew McCormick with The McCormick Agency. I provide both national and local health insurance coverages and solutions to the Chicago and surrounding areas (Elmhurst, Park Ridge, Rosemont, Norridge, Des Plaines, Schiller Park, and Edison Park). If you have any questions, please feel free to reach out!