Medigap vs Medicare Advantage — let me break this down so you can make an informed decision about your Medicare coverage.
I’m Michael Cubell with Triangle Life & Health, a licensed independent agent serving 15 states. Here’s what you need to know.
Key Points
- ✅ Medigap plans are standardized — Plan G is Plan G regardless of the carrier
- ✅ The ONLY difference between carriers is price and rate increase history
- ✅ Best time to buy is during your Medigap Open Enrollment (6 months starting at age 65 + Part B)
- ✅ Plan G is the most popular — covers everything except the Part B deductible ($283/year)
- ✅ Plan N saves 15-25% on premiums with small copays ($20 office, $50 ER)
- ✅ Medigap does NOT include Part D — you need a separate prescription drug plan
Plan G vs Plan N — Quick Comparison
| Feature | Plan G | Plan N |
|---|---|---|
| Part B deductible | You pay ($283/yr) | You pay ($283/yr) |
| Office visit copay | $0 | Up to $20 |
| ER copay (not admitted) | $0 | Up to $50 |
| Part B excess charges | Covered | Not covered |
| Monthly premium | $120-$250 | $90-$200 |
Why Rates Vary So Much Between Carriers
Because Medigap plans are standardized, the coverage is identical. But carriers use different pricing methods:
- Attained-age: Premium increases as you age (most common)
- Issue-age: Premium based on age when you bought it (increases for inflation only)
- Community-rated: Same rate for everyone regardless of age (rare but best long-term)
An independent agent knows which carriers use which methods — and which have the best rate increase history.
Get Your Free Rate Comparison
I compare rates from every major Medigap carrier in your state. Same coverage, potentially hundreds of dollars in savings per year. Call (919) 944-8443 or schedule a consultation.