Plans A and B offer the least amount of coverage of the 10 supplement plans. However, they are also significantly less expensive than the others. So, if you’re looking for decent coverage at a comparatively low rate, either of these may work for you.
Plan A covers:
Plan B offers identical coverage, also including, however, your Part A deductible.
Plan C covers:
Plan G, rather than covering your Part B deductible, covers Part B excess charges instead.
Plan F is the highest-coverage option of the 10 plans. It includes coverage for both the Part B deductible and excess charges, unlike Plans C and G, which only cover one or the other.
These plans cover a certain percentage of benefits. Plan K, for example, covers:
Plan K will cover the first 50% of these expenses, while you pay the remaining costs out-of-pocket. This helps to reduce your overall monthly premiums.
If you want more than 50% coverage but still want a smaller monthly premium than the higher coverage plans (Plans C, G, and F), Plan L covers the exact same benefits (including 100% of Part A coinsurance and hospital costs) but at 75% rather than 50%.
Plan M is a good “middle-of-the-road” option. It offers similar coverage to plans D and N, but with a lower percent of your Part A deductible. This means a slightly lower cost than the other two, and significantly less expensive than the highest coverage options (Plans C, F, and G).
Plan M covers:
These two plans are seemingly out of place. Why are they grouped together here? Well, let’s first take a look at what coverage Plan D has to offer.
Plan D covers:
Plans D and N offer the exact same list of benefits, down to the percentage. The difference, then lies in your copayments. With Plan N, you will have to pay a copayment for doctor’s visits and emergency care. With Plan D, these costs are accounted for in your monthly premium.
If you are trying to choose between these plans, you will have to decide by preference—would you rather pay a bit more out-of-pocket when you receive medical care, or, would you rather pay it in advance on a monthly basis?
The more often you anticipate needing doctor care or hospitalization, the more you may want to consider Plan D, and vice versa.
With so many options, it can seem impossible to compare plans—thankfully, we can do that for you. We will work carefully to find the best plan for your health and budgetary needs. If you’re ready to get started, call Texas Medicare Advisors at 512-900-3008.
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