by Steve Donohue NH Medicare Supplement Broker
Here in NH for the past several years the NH Medicare Supplemental (Medigap) Plan F has been the go-to plan for seniors looking for deluxe coverage. However in 2018 I have seen NH Medicare Supplement Plan G emerge as a great value for the following 5 reasons:
If you would like to learn more about the NH Medicare Supplemental Plans please give us a call at 603-882-2909.
Atlantic Insurance in Nashua helps seniors with ALL their insurance needs including special programs for home, car, umbrella, life insurance and of course Medicare Insurance plans.
Here in NH for the past several years the NH Medicare Supplemental (Medigap) Plan F has been the go-to plan for seniors looking for deluxe coverage. However in 2018 I have seen NH Medicare Supplement Plan G emerge as a great value for the following 5 reasons:
- Medigap Plan G is SIMILAR to Plan F- I like to say that the Plan G is the Plan F's nice looking younger sister. The Plan G covers hospital, nursing home, and MANY things the SAME EXACT WAY that the Plan F does. What is the difference..? The Plan G does NOT cover the Part B deductible of $183.
- Plan G Supplement offers SIGNIFICANT Monthly Premium Savings- Today in NH the Plan G Supplement has premiums that are SIGNIFICANTLY LOWER than the Plan F. In 2018 Anthem's Blue Cross Blue Shield of NH Plan F for a Male Age 65 is $193.09 a month- the NH Plan G Medigap with Anthem is only $149.64 - that's a savings of $43.45/month or $521.40 annually.
- Plan G Still Covers Excess Charges- Like the Plan F the Plan G DOES COVER EXCESS CHARGES! Now excess charges are not frequent- and also often not significant but conservative shoppers enjoy that extra protection.
- Plan F is Going Away in 2020 - It has been announced that in 2020 the Plan F will no longer be offered to new enrollees (see article). People who ALREADY HAVE PLAN F can keep it after 2020 - but what historically happens when a plan is no longer offered is the cost for that discontinued plan tends to increase. (The Medicare Supplement Plan J is an excellent example of this.) So if Plan G is going to be available in the future it is likely that the rates may be more stable.
- Set it and Forget It- As a NH Medicare insurance agent who has specialized in Medicare plans for over a decade I see seniors that are now in their 70's that still have the same Medicare Supplement plan they bought years ago. So seniors looking for a long term solution- or plan that will fit for years to come- the Plan G supplement is an excellent idea.
If you would like to learn more about the NH Medicare Supplemental Plans please give us a call at 603-882-2909.
Atlantic Insurance in Nashua helps seniors with ALL their insurance needs including special programs for home, car, umbrella, life insurance and of course Medicare Insurance plans.
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