Medicare Plans F, G and N are Medicare Supplemental Insurance plans that can be purchased to help supplement your Original Medicare benefits. These popular plan options can help you cover the extra out-of-pocket costs that Original Medicare doesn’t cover. 

All about Plan F 

Plan F is no longer available to new enrollees as of 2020, though it is still an option for people who were eligible for Medicare before 2020. People who already are enrolled in this plan are also able to keep it. It is also the only plan which covers the yearly Part B deductible (which is $198 in 2020).  

Plan F covers 100% of all of your Medicare covered expenses under Part A and Part B including the following:

  • Inpatient hospital costs and coinsurance under Medicare Part A plus an additional 365 days after Medicare coverage runs out
  • Part A deductible
  • Part B deductible
  • Medicare Part B coinsurance/copayments
  • Part B excess charges
  • First three pints of blood
  • Coinsurance for skilled nursing care facilities
  • Hospice care coinsurance/copayments 
  • Foreign travel emergency care (80%, up to plan limits of $50,000)

All about Plan G

For new enrollees looking for a comprehensive plan that is very similar to Plan F, Plan G is a great option. This plan covers everything that Plan F covers EXCEPT the $198 Part B annual deductible that may need to be paid out-of-pocket. Because Plan G offers slightly less coverage than Plan F, it will usually have a less expensive monthly premiums, though these prices will vary depending on the insurance company offering the plan.

Plan G covers 100% of all of your Medicare covered expenses under Part A and Part B including the following:

  • Medicare Part A hospital coinsurance and other costs, up to an additional 365 days after Original Medicare benefits are exhausted
  • Medicare Part A inpatient hospitalization deductible
  • Medicare Part B coinsurance or copayments (except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that do not result in inpatient admission)
  • Part B coinsurance and copayment
  • Part B excess charges
  • First three pints of blood used in a medical procedure (annually)
  • Hospice care coinsurance or copayment
  • Skilled nursing facility care coinsurance
  • Foreign travel emergency care (80%, up to plan limits of $50,000

All about plan N

Plan N covers many of the out-of-pocket expenses that Original Medicare doesn’t cover with a few important exceptions. This plan doesn’t cover the Part B deductible or any Part B excess charges. Part B excess charges may be accrued if you visit certain providers that are allowed to charge up to 15% more than Medicare approved amounts. If you choose this plan, to avoid extra out-of-pocket expenses make sure all the doctor’s you visit accept Medicare as full payment. Also unlike with Plans F or G, you may also be responsible for some copays including up to $20 for office visits and $50 for visiting the ER (this copay is waived if you are admitted to the hospital). Plan N typically has a lower monthly premium, compared to the more comprehensive Plans F and G. 

Plan N covers 100% of all of your Medicare covered expenses under Part A and Part B including the following:

  • Medicare Part A hospital coinsurance and other costs, up to an additional 365 days after Original Medicare benefits are exhausted
  • Medicare Part A inpatient hospitalization deductible
  • Medicare Part B coinsurance or copayments (except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that do not result in inpatient admission)
  • First three pints of blood used in a medical procedure (annually)
  • Hospice care coinsurance or copayment
  • Skilled nursing facility care coinsurance
  • Foreign travel emergency care (80%, up to plan limits of $50,000)

Plans F, G and N are three of the most comprehensive Medicare Supplemental Insurance plans that can help you reduce unexpected, out-of-pocket expenses and stabilize your health care spending. If you have Medicare Parts A and B, then you are eligible to apply for and purchase these plans. What plan you choose will depend on your unique needs, preferences and budget. Call one of our friendly, licensed insurance agents at (800) 549-1664 today to discuss what plans might be a good fit for you.