There are 10 Medicare Supplement Plans for 2018 that are available, so which one is the best? We are going to look at how to identify the best Medicare Supplement Plans for 2018 and how to save money on your plan once you have found the right one.
What Would Be Covered
Before we get into the best overall plan, let’s talk about what these plans can cover. They don’t all cover the same thing, obviously, but they all draw from the same coverage list. So, there is definitely some overlap between the plans, which is why you can only sign up for one at a time. You can also only sign up for a supplement plan if you already have a Medicare plan.
These plans can cover all sorts of medical expenses. Some of them you may need to pay quite often without the coverage plan while others would be far less common. One of the least commonly needed bits of coverage provided is the cover for foreign travel exchange that pays up to 80% of this expense after you have paid for the deductible. While most people won’t need this coverage, those that do travel often or live near a border may appreciate it.
You also get covered for some expenses that Medicare pays to some degree. For instance, you can be covered for three more pints of blood every year than Medicare covers you for and for 365 more days of hospital expenses than you get with Medicare’s basic plan.
A lot of common expenses are covered as well with this plans, such as deductibles, co-payments coinsurance and excess charges. You will really only need these expenses covered, however, if you visit the hospital often and the charges are recurring ones for you.
Which Is the Best?
There is a lot of debate over which of the supplement plans is the best one overall. Most people will go with Plan G over any of the other ones, because it has the potential to save them the most money. In that way, it is the best, but not everyone needs all the coverage it comes with. If you only need a little bit of coverage, then Plan G won’t save you money and will actually be wasteful.
Medicare Supplement Plans for 2018
Plan F is another popular plan, as it covers all the supplemental expenses we already listed. It’s also the costliest plan by far, and that’s going to make it a bad deal for most people. The little bit of coverage it offers over Plan G isn’t worth the price tag that comes with it.