Will Medigap Premiums Increase In 2020?

At the end of 2019 Medigap Plan F will no longer be available to people turning age 65. Plan F has been the most popular Medicare Supplement plan by far in the past . It has the least out of pocket health care cost. For those beneficiaries on Plan F the monthly premiums have continued to rise and most experts say this trend will continue. The option for those on plan F is to switch to plan G which is similar to Plan F except that it has a yearly deductible of $183 per year. Plan G seems to be a no brainer compared to Plan F which has been seeing monthly premiums increases from 6-8 % per year. Once Plan F is no longer available to purchase experts expect Plan G Premiums to start climbing also, Making maybe Plan N a better alternative. It seems the Government wants Medicare Recipients to contribute more out of pocket expenses to their health care. If Medicare Supplement plans continue to increase more and more beneficiaries may consider Medicare Advantage Plans as a better option in the future.