Test: How familiar are you with Medicare?
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But what about when it comes to healthcare? Navigating Medicare can be a complex task, especially understanding what is and isn't covered. According to Kiplinger's team, the best Medigap plans are usually Plan F and Plan G. Plan F is the most comprehensive, but it's only available to those who became eligible for Medicare before January 1, 2020. Plan G offers nearly the same benefits and is available to new enrollees.
Medigap plans help cover deductibles, copayments, and coinsurance that original Medicare does not fully pay. It's essential to note that Medicare does not cover several routine or elective services in 2022, including routine dental care, routine eye exams and glasses, hearing aids, many chiropractic services, elective cosmetic surgery, massage therapy, routine foot care by podiatrists, medical costs outside the U.S., and long-term custodial care.
Medicare Part D covers prescription drugs, but enrollees may face deductibles, coinsurance, and out-of-pocket caps that can increase over time. Medigap plans can help with these costs as well.
In summary, the best Medigap plans are Plan F (if eligible) and Plan G for new enrollees, and it's crucial to be aware of what Medicare does not cover in 2022, according to Kiplinger’s 2022-related insights. So, whether you're looking to make the most of your investments or navigate the complexities of Medicare, Kiplinger's e-newsletters are an invaluable resource.
