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Most Popular Medigap Plan

most popular medigap plan
Most Popular Medigap Plan

Mutual of Omaha Medicare supplement plans are highly popular nationwide. They usually with some of the lowest rates. The company takes an attained-age rating approach to the pricing of their Medicare supplements and have lower rates for non-tobacco users. Let’s take a look at the most popular medigap plan from Mutual of Omaha.

Plan F – the most popular medigap plan among baby boomers

Medicare Plan F is a most popular medigap plan which helps cover costly out of pocket expenses and includes Part A and B deductibles alongside coinsurance and copays for Part A hospital care and Part B outpatient care. Plan F also includes Part A coinsurance and hospice costs for an additional 365 days after you have used up your initial Medicare benefits. If you will be staying at the hospital for long, this can save you thousands of dollars.

Plan G

This is by far the most popular medigap plan. The only major variation between Plan F and Plan G is that Plan G does not pay Part B annual deductible, which is $240 in 2024. Part B coinsurance of 20% after the deductible is paid, while the Part A Benefit Period deductible, which is $1632, in 2024, and coinsurance is covered.

Plan N

This is a less popular plan compared to Plan G but still makes the list as a most popular medigap plan. Plan N delivers a unique blend of comprehensive benefits alongside an excellent monthly premium. Plan N is a wee bit different from F and G. Despite its designation as a most popular medigap plan, Plan N does not cover the Medicare Part B deductible, or the Part B excess charges. Also with Plan N, you can visit a physician for outpatient care, but you will be liable for a $20 copayment.

Medigap comparison chart

Each of the standardized plan has its own set of basic benefits illustrated in the medigap comparison chart, but some plans have overlapping benefits.

Medigap Benefits

Medigap Plans

A

B

C

D

F*

G*

K

L

M

N

Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Part B coinsurance or copayment

Yes

Yes

Yes

Yes

Yes

Yes

50%

75%

Yes

Yes***

Blood (first 3 pints)

Yes

Yes

Yes

Yes

Yes

Yes

50%

75%

Yes

Yes

Part A hospice care coinsurance or copayment

Yes

Yes

Yes

Yes

Yes

Yes

50%

75%

Yes

Yes

Skilled nursing facility care coinsurance

No

No

Yes

Yes

Yes

Yes

50%

75%

Yes

Yes

Part A deductible

No

Yes

Yes

Yes

Yes

Yes

50%

75%

50%

Yes

Part B deductible

No

No

Yes

No

Yes

No

No

No

No

No

Part B 

excess charge

No

No

No

No

Yes

Yes

No

No

No

No

Foreign travel exchange (up to plan limits)

No

No

80%

80%

80%

80%

No

No

80%

80%

Out-of-pocket limit**

N/A

N/A

N/A

N/A

N/A

N/A

$6,620 in 2022 ($6,220 in 2021)

$3,310 in 2022 ($3,110 in 2021)

N/A

N/A

Keys of the Medigap comparison chart

Yes = in the Medigap comparison chart means policy covers 100% of this benefit

No = in the Medigap comparison chart means the policy does not cover this benefit

% = in the Medigap comparison chart covers a percentage of this benefit

N/A = not applicable

*Plan F from the Medigap comparison chart also provides a high-deductible policy. If you choose the high-deductible option, you pay for Medicare-covered costs up to the deductible amount. After you attain that amount, your policy can pay your out-of-pocket healthcare costs.

As of January 1, 2020, people who are new to Medicare cannot purchase plans that cover the Medicare Part B deductible. From the Medigap comparison chart, this means that Medicare Supplement Plans C and F will no longer be available to newcomers to Medicare. Another significance of the Medigap comparison chart is that if you already have Plan C, Plan F or HD-F, you can retain it. If you are eligible for Medicare before January 1, 2020, you also may be able to purchase Medicare Supplement Plan C, F, or high-deductible Plan F.

** The provisions of the Medigap comparison chart hold that if you satisfy your annual out-of-pocket limit and Part B deductible, the plan generally pays 100% of covered services for the remainder of the calendar year.

*** Plan N from the Medigap comparison chart could pay 100% of the Part B coinsurance. For certain office visits, you will have to pay up to $20, and up to $50 for emergency room visits that do not lead to inpatient admittance.

**** Plan G will offer a high-deductible option starting January 1, 2020.

NB: If you qualify for Medicare January 1, 2020 or later, Medicare Supplement Plan C and F will no longer be obtainable. You can also retain your plan if you had one before that time. Another consequence of the Medigap comparison chart is that If you were eligible for Medicare before January 1, 2020, but not yet enrolled, you may be able to purchase one of these policies.

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