AARP Medicare Supplement plans are provided and sold by private insurance companies such as UnitedHealthcare to help reduce out-of-pocket costs associated with Medicare Parts A and B. Supplemental plans can help pay for some or all of the costs not covered by original Medicare, such as coinsurance and deductibles. They are available to retirees age 65 and older who are enrolled in both Original Medicare Part A and B. Supplemental plans are not available with Medicare Advantage (Part C) plans.
What are the best AARP Medicare supplement plans
Medicare Supplement (Medigap) plans are secondary payers, meaning Original Medicare pays its share. Each Medigap plan is labeled with a different letter A through N.
There are 12 Medicare Supplement plans available to people enrolled in Original Medicare; Ten letter plans and two plans have high deductibles. The benefits of the uniform regulation are the same for all carriers.
However, the top three AARP Medicare Supplement plans are the ones with the most benefits. These plans are popular for their coverage, low out-of-pocket costs, affordability and overall customer satisfaction.
Below we discuss the three best Medicare supplement plans and how you can take advantage of their coverage.
- Medigap Plan F
- Medigap Plan G
- Medigap Plan N
- Medicare Supplement Plan F: Premium-only plan
Medicare Supplement Plan F is the most comprehensive Medigap option available, which is why it is considered one of the best Medicare Supplement Plans. This option gives you 100% coverage after Original Medicare pays its share.
Medigap Plan F includes Medicare Part A and Part B deductibles and coinsurance. While on Medicare Supplement Plan F, you won’t spend a dime on Medicare-covered medical services outside of your monthly premium. The insurance also includes coverage for urgent care abroad.
If you enjoy the benefits of Medicare Supplement Plan F but want to pay lower monthly premiums, Medigap High Deductible Plan F may be for you. The high deductible Plan F offers the same benefits as the standard Plan F, but the deductible in 2023 is $2,700. You must reach this additional amount before your cover takes full effect. This makes the deductible monthly premium much lower than the standard Medicare Supplement Plan F premium.
AARP Medicare Supplement Plan G: The budgeter’s plan
With Medicare Supplement Plan G, you can only budget your medical expenses based on the Medicare Part B annual deductible. After that, you get 100% coverage for all Medicare-covered medical expenses.
Therefore, in addition to your monthly premium, your only medical expense for the entire year is $226. Because of this low out-of-pocket cost, Medigap Plan G is one of the best Medicare supplement plans in 2023.
Due to Medicare Supplement Plan F enrollment rules, Plan G is becoming the most popular Medigap alternative.
AARP Medicare Supplement Plan G may be the best plan for people who
- Want to avoid unexpected hospital costs
- Look for low annual rate increases
- prefers to travel outside the United States
live in a state that allows extra spending
This plan offers the same benefits as the standard Medicare Supplement Plan G, but offers lower monthly premiums because of the higher deductible.
If you enjoy the benefits of Medicare Supplement Plan F but want to pay lower monthly premiums, Medigap High Deductible Plan F may be for you. The high deductible Plan F offers the same benefits as the standard Plan F, but the deductible in 2023 is $2,700. You must reach this additional amount before your cover takes full effect. This makes the deductible monthly premium much lower than the standard Medicare Supplement Plan F premium.
AARP Medicare Supplement Plan G: The budgeter’s plan
With Medicare Supplement Plan G, you can only budget your medical expenses based on the Medicare Part B annual deductible. After that, you get 100% coverage for all Medicare-covered medical expenses.
Therefore, in addition to your monthly premium, your only medical expense for the entire year is $226. Because of this low out-of-pocket cost, Medigap Plan G is one of the best Medicare supplement plans in 2023.
Due to Medicare Supplement Plan F enrollment rules, Plan G is becoming the most popular Medigap alternative.
AARP Medicare Supplement Plan G may be the best plan for people who
- Want to avoid unexpected hospital costs
- Look for low annual rate increases
- prefers to travel outside the United States
- live in a state that allows extra spending
This plan offers the same benefits as the standard Medicare Supplement Plan G, but offers lower monthly premiums because of the higher deductible.
Most Affordable AARP Medicare Supplement Plan
There is no universal Medicare supplement plan. Everyone who enrolls in Medigap has different healthcare needs and budgets.
It’s no secret that supplementary insurance policies have the cheapest monthly premiums. Depending on your state, a high deductible Medicare supplement Plan F or Plan G costs anywhere from $40 to $80 per month.
However, if you look at the overall cost with high-deductible Medicare Supplement plans, you’ll find that you have a more affordable option. If you enroll in a Medigap high-deductible plan, you must meet the full deductible before you can get any coverage. So if you have major surgery or need to be hospitalized, you’ll have to pay most of the costs out of pocket.
In terms of total cost, Medigap Plan G is the most affordable Medicare Supplement plan for most people. This plan has an average monthly premium compared to other Medicare Supplement plans. However, when you combine the premium and cash, the cash cost makes it one of the cheapest plans out there. In addition to your monthly premium, you have a Medicare Part B deductible for the costs you incur under this plan.
How to Compare the Best AARI Medicare Supplement Plans for 2023
We have licensed Medicare agents to help you find the best coverage. You can easily compare aarp Medicare supplement plans and rates for 2023 by filling out our online rate form or giving us a call. Our licensed insurance agents can help you compare the best Medicare plans and providers in your area. Let our experts help you find a plan near you today
Find the right Medicare supplement insurance plan
Because Medigap plans are standardized, you can get the exact same Medicare benefits from any company that offers the plan. So keep these points in mind as you shop to find the best policy for your needs:
- Is your preferred plan available? Health insurers do not always sell all insurance policies, so check carefully who in your area sells the insurance you want to buy.
- What are premiums? Prices for the same plan may vary by company, so check to find the most competitive rates.
- Does your premium change over time? Most policies cost more as you get older, but some companies offer policies that let you lock in a price when you sign up.
- What are the extras? The main Medigap membership benefits are standardized, but in some cases, some companies offer benefits such as discount programs or gym memberships.