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Physicians Mutual Medicare Supplement Plans for 2026
Real Physicians Mutual Illinois Medicare Supplement rates — including their exclusive Innovative Plan G. No contact info required.
Physicians Mutual Plan Comparison
| Plan | What’s Covered | Monthly Premium |
|---|---|---|
| Plan A | Part A & B coinsurance and copayments, first 3 pints of blood, hospice care coinsurance | $233.85 /mo |
| Plan F | All Medicare gaps — most comprehensive Medigap plan (available to those eligible before Jan 1, 2020) | Not available to new enrollees |
| Plan G | All Medicare gaps except Part B deductible ($283 in 2026) — best overall value for new enrollees | $267.07 /mo |
| Innovative Plan G ★ | Same benefits as Plan G with a unique 3-year deductible period that lowers your initial premiums — deductible goes away after year 3 | $172.30 /mo |
| Plan N | Part A & B coinsurance, hospitalization; copays up to $20/office visit and $50/ER — lower premium option | $247.92 /mo |
Premiums shown are for a 65-year-old female non-tobacco in Cook County (ZIP 60601), effective 9/1/2026, quoted 8/28/2026. Your own rate depends on your age, gender, tobacco use and ZIP code, and is subject to underwriting. Plan F is available only to those eligible for Medicare before Jan 1, 2020. ★ Innovative Plan G offered through Physicians Select Insurance Company. Rates are subject to change. Call 312.800.0751 for your personalized rate.
SHOW THE SAVINGS: PLAN F vs PLAN G
Plan F and Plan G pay for exactly the same things, with one single exception: Plan F pays your Medicare Part B deductible and Plan G does not. For 2026 that deductible is $283. The Part A deductible, all of the coinsurance, skilled nursing care, Part B excess charges and foreign travel emergency coverage are identical on both plans.
So the entire decision comes down to one question:
Does Plan F cost more than $283 per year more than Plan G?
Yes: Plan G is the cheaper plan.
No: Plan F is the cheaper plan.
Worked example (2026)
The premiums below are round sample numbers to show the math, not Physicians Mutual rates. See the Physicians Mutual rates above for actual 2026 pricing, or call 312.800.0751 for your personal rate.
| Your annual cost | Plan F | Plan G |
|---|---|---|
| Step 1. Annual premium (sample: $200 vs $165 a month) | $2,400 | $1,980 |
| Step 2. Part B deductible you pay yourself | $0 (Plan F pays it) | $283 |
| Step 3. Total worst case cost for the year | $2,400 | $2,263 |
| Annual savings with Plan G | - | $137 |
How to read it: Plan F costs $420 more per year in premium ($2,400 minus $1,980), but the only extra thing it buys you is the $283 deductible. You would be paying $420 to avoid $283 of cost, so Plan G finishes $137 ahead. And that is the worst case, in a year where you actually use the whole deductible. In a year you never meet it, Plan G is ahead by the full $420.
Break-even point: with a $1,980 Plan G premium, Plan F only wins if it is priced at $2,263 a year or less. Anything above that and Plan G is the better buy.
Important: Plan F is only available if you were eligible for Medicare before January 1, 2020. If you turned 65 after that date, Plan G is the most comprehensive Medicare Supplement you can buy.
Why Choose Physicians Mutual Medicare Supplement?
- In business since 1902 — over 120 years of experience serving policyholders with a track record of stability
- A+ AM Best rating — among the highest financial strength ratings an insurance company can receive
- Innovative Plan G — a unique option with lower initial premiums for your first three years; the deductible goes away after year 3 while you continue to enjoy premium savings. 97% of Innovative Plan G customers don’t hit the deductible in year 1.
- Projected savings — customers typically save more than $10,000 in premiums over 13 years with Innovative Plan G compared to standard Plan G rates
- No network restrictions — use any doctor or hospital that accepts Medicare, anywhere in the country
- Household discount — 10% off monthly premiums for members who live with a spouse or any household member age 60 or older
Frequently Asked Questions
How does the Innovative Plan G work?
Innovative Plan G provides the same coverage as standard Plan G, but with a deductible for the first three calendar years. Once you meet that annual deductible, the plan pays 100% just like regular Plan G. After year 3, the deductible disappears entirely and you continue enjoying lower premiums than standard Plan G. According to Physicians Mutual, 97% of Innovative Plan G customers never hit the deductible in year 1.
When can I enroll in a Physicians Mutual Medicare Supplement plan?
The best time to enroll is during your 6-month Medigap Open Enrollment Period beginning when you turn 65 and enroll in Medicare Part B. During this window, Physicians Mutual cannot deny coverage or charge more due to health conditions.
Is Innovative Plan G a good deal?
For most Illinois seniors, yes. The lower initial premiums typically result in meaningful savings even if you do hit the deductible in year one — and projections show $10,000+ in total savings over 13 years. An agent can run a side-by-side comparison for your specific situation.
Does Physicians Mutual offer a household discount in Illinois?
Yes. Physicians Mutual offers a 10% discount off monthly premiums for policyholders who live with a spouse or any household member age 60 or older. This discount applies from day one of your policy.
Can I see any doctor with my Physicians Mutual plan?
Yes. Physicians Mutual Medicare Supplement plans are accepted by any provider nationwide who accepts Medicare — no networks, no referrals, and no prior authorization required.
Compare More Illinois Medicare Supplement Carriers
Shopping multiple carriers is the best way to find the right plan at the right price. Compare Cigna Medicare Supplement plans, Medico Medicare Supplement plans, BlueCross BlueShield of Illinois Medicare Supplement plans, and Humana Medicare Supplement plans — or view all carriers on our Illinois Medicare Supplement Insurance comparison page.