![]() If you are turning 65 and your spouse isn’t too far behind, I would look at one of these companies first. My favorites are Aetna and Mutual of Omaha. There are a few companies in NJ that offer discounts for spouses and even for people that are in the same household. Time will tell, but I still feel confident in recommending Plan G as the best option for most people. Although, with Plan F being removed for Medicare beneficiaries, it’s very possible Plan G will have higher than normal increases just as Plan F did. You are also guaranteed to save in premium when compared to Plan F. I personally would choose Plan G, followed by Plan N and lastly Plan F(if eligible).įrom what I have seen for at least the ten years, Plan G has much lower increases over time when compared to Plan F. If you are considering Plan N, we should definitely look to see if your providers take Medicare assignment prior to you enrolling. Excess charges aren’t that common, but they do come up from time to time. It is 15% above what Medicare would allow for that expense. Excess charges can happen if your provider does not accept Medicare assignment and it gives them the right to bill you a little extra. One last thing to note is that Plan N does not cover excess charges. For emergency rooms, you have a $50 copay. Just like Plan G, you will need to pay your Part B deductible and then also once that is met, you will need to pay a copay of up to $20 at your doctor. Plan N: The lowest plan we usually look at is Plan N and will fall right around $20-$50 less per month than Plan G. ![]() Once you meet that deductible, this plan will work exactly like Plan F with everything covered 100%. in 2021, the Part B deductible is $203 and is expected to be $217 in 2022. Plan G: Plan G is identical to Plan F except you need to pay your annual Part B deductible. If you already had the plan or were 65 prior to Januyou can keep what you had or change to this if you want to. The laws changed in regards to Plan F so if you weren’t 65 and enrolled in Medicare Part A prior to January 1, 2020, you unfortunately can’t enroll in this plan anymore. This means it is also the most expensive plan. It is the easiest plan to work with because you will never have to pay a copay or worry about a bill. Plan F: Plan F will cover all of your expenses except for prescriptions 100%. Most people will purchase either Plan F, Plan G or Plan N. What do each of the different Medigap Plans in New Jersey Cover? What is the best Medigap Policy to Buy in New Jersey? ![]() Cost is usually the only difference between Medigap policies with the same letter sold by different insurance companies. Each standardized Medigap policy must offer the same basic benefits, no matter which insurance company sells it. Every Medigap policy must follow Federal and state laws designed to protect you, and the policy must be clearly identified as “Medicare Supplement Insurance.” Medigap insurance companies in most states can only sell you a “standardized” Medigap policy identified by letters A through N. Note: Medicare doesn’t pay any of the costs for you to get a Medigap policy. A Medigap policy is different from a Medicare Advantage Plan (like an HMO or PPO) because those plans are ways to get Medicare benefits, while a Medigap policy only supplements your Original Medicare benefits. If you have Original Medicare and a Medigap policy, Medicare will pay its share of the Medicare approved amounts for covered health care costs. This means it helps pay some of the health care costs (“gaps”) that Original Medicare doesn’t cover (like copayments, coinsurance, and deductibles). ![]() What is a Medigap policy?Ī Medigap policy (also called “Medicare Supplement Insurance”) is private health insurance that’s designed to supplement Original Medicare. Quotes are always free and I’m happy to give you my opinion on all the Medigap plans. I usually can respond within the hour or will get to you as soon as I can. The fastest way to get the information you need is to go ahead and send me a quote request. If you already know what a Medigap Plan is, feel free to skip ahead or reach out to me for quotes or other questions you may have. ![]() These plans are also referred to as Medicare Supplement plans in NJ. This will be a resource post to New Jersey residents that are shopping for a Medigap Plan in NJ. ![]()
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