There are ten Medigap plans: A, B, C, D, F, G, K, L, M, and N. Each plan covers a different percentage of out-of-pocket costs. Both Plan C and F, however, are not available to anyone who did not become eligible for Medicare before January 1, 2020.
Because Plan F offers the most comprehensive coverage but has limited enrollment, Plan G is now the most comprehensive plan. The only difference is that Plan G does not cover the Part B deductible like Plan F.
Medigap Open Enrollment
You can enroll in a supplement plan during the Medigap Open Enrollment Period. This period is a one-time enrollment period that begins as soon as your Part B coverage becomes effective. You will have six months to enroll in a Medicare Supplement Plan with the advantages of not being turned down or charged extra because of health conditions.
However, if you miss this period, insurance companies can refuse to insure you and may undergo medical underwriting.
CJC Advisors knows that choosing a Medigap plan that fits your needs may be challenging. That’s why we’re here to help! Give us a call today and we will help you compare coverage and rates.