Top Medigap Options for 2023: Find the Best Coverage for Your Needs

Medigap, also known as Medicare Supplement insurance, provides additional coverage to Original Medicare for a monthly premium. It is available exclusively to individuals enrolled in Medicare Parts A and B, helping to offset expenses like copayments, coinsurance, and deductibles. These plans are standardized across most states, with variations in Massachusetts, Minnesota, and Wisconsin. When exploring Medigap plans, it's important to consider not only premiums but also extra benefits and unique services offered by insurance providers.

When comparing Medigap quotes, consider options from providers such as AARP, Mutual of Omaha, Transamerica, and Cigna. These companies offer reliable Medigap plans worth reviewing.

The 2023 Medigap plans are labeled A, B, C, D, F, G, K, L, M, and N. Plans F, G, and N are the most comprehensive. Plan N features lower premiums, with coinsurance fully covered beginning from day 21, after the first 20 days covered by Part A. It also covers deductibles up to $1,400 annually and includes foreign travel emergency coverage within plan limits. Plan G offers similar benefits, but does not cover the Medicare Part B deductible. Conversely, Plan F includes all Plan G benefits plus coverage for Part B deductibles. The High Deductible Plan F offers a lower premium but requires the insured to pay out-of-pocket costs until reaching the deductible amount. Comparing plans between providers helps identify reasons for premium differences, including enrollment periods, discounts, and provider restrictions.