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Money and Markets: Investing Insights

Popular Medigap Plans

Weiss Ratings | Monday, February 20, 2012 at 7:00 am

Consumers spent more than $14 billion on Medigap in 2010 and 60% of that total was spent on Plan F, the most popular plan. The next most popular, although a distant second, is Plan C which represents 21% of the total amount spent. Then Plans B and D are about 5% each.

Why is Plan F so popular? When the original Plans A through J were offered, each plan had increasingly more benefits and was generally increasingly more expensive. Plan A was the bare-bones basic plan and Plan J was the

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