Medicarebob

Even though the Board of Trustees has recently announced that the Medicare Part B annual deductible is increasing by twelve dollars to $197, I am still recommending the Medicare Supplement Plan G as the most cost-effective Medicare Supplement plan over the Plan F for 2020. Some basic information, for those of you that don’t know, Plan F and Plan G are Medicare Supplements. They are designed to work with your Medicare, so Medicare pays 80% of your medical bills and the supplement would come in and pay the rest. The Plan F is the “Full Coverage” plan. It covers the 20% completely. You have no bills except for your monthly premium. The Plan G is almost exactly the same as the Plan F, the only difference is that the Plan G doesn’t pay Medicare’s Part B annual deductible of $197.00. After you meet that deductible, you have no medical bills, everything is covered just like Plan F.  Let’s look at this from the Insurance Carrier’s point of view: Imagine that Plan F and Plan G both have one million people in each