Although not actually correct, I am going to include the so-called “Medicare Advantage” plans in this discussion.
Technically, Medicare Advantage Plans (Plan C) is not a Medicare Supplement – it is a Medicare and Medicare Supplement alternative. But you only care about what is the best choice, so I will be referring to them in this post.
Medicare Advantage Plans were often viewed as the best choice by many – if for no other reason, some were zero cost (other than the Medicare Part B premium). It is my opinion that these are going to get less available each year, and except in rare situations, I am not a fan of Medicare Advantage plans. I would prefer my clients have something that is not likely to change at all … whereas Medicare Advantage plans, by their very design change every year! (And sometimes they get withdrawn in the middle of the year). I think people should be shown the dignity of allowing them to plan – and live their plan. I don’t think it respectful to constantly be forcing change. I therefore am not a fan of those plans.
Of the Medicare Supplements on the market, I still prefer Plan “F”. With Plan “F” and original Medicare, all normal medical expenses are generally covered in full. I think it good that a person can plan for their health insurance needs and know what they are going to be. I have had clients on “Plan F” plans for over 15 years – and they would not change for anything!
A good second choice is Plan “N” – one of the new plans. This plan works much like a group health plan that a person may be accustomed to. The premium on this plan is less than a Plan “F”, however, you do have co-pays and share of costs to consider. In my opinion – Plan “F” is the better choice over the long haul – but Plan “N” is a reasonable second choice if a person desires to save monthly premium.
No matter which insurance company you purchase these plans from, if they have the same letter designation, they are the same plan. Which company is best? By “best”, I find most people mean “lowest premium”. Assuming that the company handles claims properly. I too will use premium as one of the benchmarks I use to decide which company I feel is “best”.
To answer which company is “best”, several factors must be considered. Your home zip code, your date of birth and whether you are male or female.
I can help you find the “best” company. Just call and ask me. I can be reached at 209-390-1163. I am looking forward to talking to you.
