How do you determine what the best Medicare Supplement Plans for 2018 are for you? You have to start with the choices.
And there are many choices when it comes to Medicare Supplement Plans. At one end of the spectrum, you have the high coverage plans, like F, G and N. Plan F even covers all supplemental expenses, often making it the go to choice for the title of “best” plan. But that’s not really a true label for it. After all, everybody needs something different when it comes to medical care and coverage for that care.
Where one person will be just fine with Medicare basic, others will need much more coverage to be able to afford their medical expenses. No one can truthfully slap a label onto any Medicare Supplement Plan and call it the best. The actual best plan is whichever one fits you properly. That means it is affordable and covers what it needs to cover in your particular situation.
For example, if you have some serious health issues but you don’t need to visit the hospital often, then Plan G is a better plan for you than Plan F. That’s because Plan G offers more or less the same coverage as Plan F. The only difference lies in a single deductible, which is charged to you every time you go to hospital. If you don’t go that often, then you don’t need that extra coverage and you don’t need Plan F. In that situation, Plan F is not one of the best Medicare Supplement Plans for 2018 for you. And that is the key to finding out he best plan- looking at what you need and what works for you.
Everyone has different needs. What is a suitable plan for you may not work for someone else, so no one can tell you what the best plan is for you until they have examined your coverage needs and your budget. You have to find a plan that is affordable for you but still manages to offer ample coverage. Ideally, your plan should be coverage all the medical expenses you encounter regularly as well as a little bit extra. That extra is your buffer, in case something unexpected happens. You cannot always predict what your health will be like, and you want to be prepared for things that you can’t plan for.
But even then, you may not benefit from something as full coverage as Plan F. That’s because it is such a prohibitively expensive plan. You have other options, but you won’t know what they are unless you research them and find out what kind of coverage each plan offers. The plans that are in place right now are probably the same ones that will be around for 2018.
That means you can start planning now what for you will be the best Medicare Supplement Plans of 2018. The answer is different for everyone, so you have to find it out for yourself.