Medicare Plan F vs Plan G in Utah

Undeniably, the most popular Medicare supplement plans in Utah are Plan F and Plan G.  A Medicare supplement (also known as Medigap) is a health insurance plan that helps pay what original Medicare does not pay.  Let’s talk about Medicare plan F vs Plan G in Utah and see which one is right for you.

 

Medicare supplement plan F in Utah has probably been the most popular plan for a really long time. Although plan G is catching up, I still think more people have plan F in Utah than any other plan.

 

So what is the difference between Plan F and Plan G in Utah?

Plan F pretty much covers everything original Medicare doesn’t cover. 

 

See the table on Medicare’s website here.

 

Because plan F picks up the tab for what the original Medicare doesn’t, it is very popular among people that don’t want to deal with any kind out-of-pocket medical bill.  Plan F is the “Cadillac” of medicare supplements (or Mercedes, or Porsche, or what every you think is the best car).  

 

Plan G is almost as good as plan F, but plan G does not cover the part B deductible, which in 2020 is $198. 

 

See medicare supplement table.

 

So, if you go with plan G, you are responsible for the part B deductible each year.  Once you reach your deductible of $198, then your plan will pay 100% of everything else just like plan F. 

 

Example

Here is an example of hitting your part B deductible.  Part B covers things like doctor visits so we will use that in our example. 

 

Let’s say you have plan G and you go to your doctors office at the first of the year.  Let’s say the total bill is $100.  You would pay that $100 out-of-pocket because you haven’t hit your deductible of $198 yet.  Let’s say your next visit is the same and it’s a total bill of $100.  Well, you have already paid $100, so you would pay the rest of your deductible which would be $98.  Now, you have hit your deductible and you won’t have anymore out-of-pocket medical expenses the rest of the year. 

 

Why go with plan G?

The reason to go with Plan G in Utah is because of the premium savings.  If you save more than $198 a year in premiums going with plan G, then it makes sense. 

 

We save our clients on average of about $500 to $1,000 per year in premium savings by switching to plan G.  In those cases, it’s a no-brainer. If you don’t save more than $198 by going with plan G, then it doesn’t make sense to switch from plan F.   

 

Why go with Plan F?  

Some people would rather pay a little more premium, so they don’t have to deal with the part B deductible.  If this is you, then plan F would be your plan. My biggest advice to those that have had plan F for a long time is, shop plan F and G and see what the difference is. 

 

Shop plan F and Plan G in Utah

Rates are always changing for plan F and Plan G in Utah.  If you like your Plan F or plan G, but feel your price has gone up a lot or feel you are paying too much, it doesn’t hurt to price another company’s plan F or plan G in Utah because you could get the exact same plan for a lot less premium. 

 

Give us a call, and we can give you a quote in about 20 seconds on plan F or plan G to see if you can save a lot of money.  

 

Remember, medicare sets the standards for medicare supplements plans, so whether you have plan F with ABC insurance company or plan F with XYZ insurance company, the plan is the exact same.  The only difference is the premium you are paying, so lets make sure you aren’t paying more than you have too. 

 

Hopefully that gave you a good idea of medicare plan F vs plan G in Utah.  If you have any questions whatsoever, let us know anytime!