Medicare Supplement Plans
How Medicare Supplement Plans Work
There are 10 plan types available in most states, with each plan labeled with a different letter that corresponds with a certain level of basic benefits. This means that all plan “G” plans provide a specific standardized benefit, or all plan “K” plans provide the same standardized benefit. This makes it easier to navigate and understand being the main difference between plans under the same letter will be the premium cost.
How Much Does A Medicare Supplement Plan Cost?
The cost of a Medicare supplement plan varies by plan type, which determines how much additional coverage you have. Because these plans are sold by private insurance companies, • Different insurance companies may charge different premiums for the same exact policy. As you shop for a policy, be sure you’re comparing the same policy (for example, compare Plan A from one company with Plan A from another company).