Medicare Supplement Plan G
Medicare supplement Plan G is one of the most popular Medigap plans available today. More people will enroll in Plan G than any other Medigap plan, and for good reason.
Medicare Plan G pays 100% of the gaps in Medicare Part A and B after you simply pay a small annual deductible.
Keep reading to learn why Plan G might be the best option for you. You’ll learn what it covers, how much it cost, and how to not overpay!
What is Medicare Plan G?
Private health insurance companies sell Medicare supplement plans (Medigap) to help reduce out-of-pocket expenses and sometimes pay for services that Medicare doesn’t cover.
The federal government requires private insurance companies to standardize Medigap plans, with exceptions in Massachusetts, Minnesota, and Wisconsin.
Most policies are named by uppercase letters A through N, and the only people who can buy them have Part A or B of original medicare because they’re required by law as long as there is no restriction on other types of coverage like Medicaid (if a person has this type of coverage then they cannot purchase these).
Medigap Plan G is one of the 12 plans offered and is now the most comprehensive plan offered to anyone new to Medicare.
Medigap Plan G Coverage
- Medicare Part A copays – This expense is normally due each time you go to the hospital for a stay
- Medicare Part A hospice coinsurance – Helps to cover the remaining costs for hospice care that are not already covered by Original Medicare
- Medicare Part A annual deductible – This yearly expense can be covered, and it comes up to $1,408
- Medicare Part B copays – This expense is charged to you each time you go to the emergency room or visit the doctor’s office, among other healthcare provider visits
- Medicare Part B excess charges – You would only be charged this fee if you go to a medical care provider who does not accept Medicare fully
- Nursing care coinsurance – Helping out with the remaining costs for nursing services
- Blood usage – Covering the three remaining pints of blood you use each year that are not covered already by Original Medicare
- Foreign travel exchange – Covering you for up to 80% for every incident pertaining to foreign transport for emergency medical services, and topping out at $50,000 in total coverage over your lifetime
Compare Medicare Supplement Plan G
Medicare Plan G Cost
Now that you know what this plan covers, it’s time to find out how much it costs.
The cost of Medicare Plan G averages between $85 – $145 nationally.
Medicare Plan G rates are determined by:
- Zip Code
- Tobacco use
- Household discounts
Our FREE online quote engine will show you the exact and accurate rates of Plan G in your area based on those factors above. Keep in mind these do not reflect any household discounts.
The easiest way to see if you qualify for any of these discounts is to just call us now at 1-888-891-0229.
Medicare supplement plans and benefits are standardized. This means every company offers the exact same coverage but they charge different rates for Plan G.
This is why it is so important that you take some time and source as many quotes as you can using this website.
We help you see the rates for Plan G from the top carriers, and you can even apply online. We then also check the rates every year for you so you don’t have to.
It’s easy, and FREE!
How Plan G Compares
Medicare Plan G vs Plan N
Another very popular option for Medigap insurance is Medicare plan N. Currently Plan N is the 2nd most popular plan right behind Plan G, and it’s a great low-cost alternative.
Medicare Plan N has lower premiums and fewer annual rate increases than other plans. This plan, however, requires you to pay for more of your medical expenses out-of-pocket.
Medicare Plan N doesn’t cover:
Medicare Part B Excess Charges: This is an additional cost that some providers charge. Most healthcare providers that accept Medicare also accept Medicare assignment, which is the cost that Medicare states they’ll pay for a given service.
If the provider wants to be paid more, they can bill you for excess charges up to 15% of original costs. This is quite a rate and 99% of doctors do not charge these.
Copayments: With Plan N, once you meet the annual Part B deductible you may receive a co-pay for each doctor’s visit. This will never be more than $20 per visit, however.
There’s also a $50 co-pay if you visit the emergency room but are discharged soon after without staying overnight. This does not apply to urgent care centers.
In addition to the differences in coverage between Plan N and Plan G, there are also sometimes large variations in costs. A plan such as Plan G may be more expensive than a cheaper option like Cost N because it offers higher levels of care; however, this could save you money long-term if your medical needs run into the thousands of dollars every year.
For instance, let’s say that on average you go visit an emergency room two times per month for treatment or see a doctor at least once monthly- these extra visits with their own fees can quickly add up over time under any other type of insurance where co-pays would apply each visit (which is what cost plans usually offer).
How to Enroll in Plan G
Open enrollment is a great time to switch carriers or plan letters because you can save some money. For instance, if your current provider does not offer Plan G but another one would charge less for it than the cost of switching providers then why pay more?
If you have any questions about eligibility that cannot be answered by our agents we will help get back to you as soon as possible!
Let us help!
Call us today for help in finding the best Medigap plan to fit your needs. We’ll answer any questions you have, and then shop the rates from the top companies to find you the lowest premiums.
We’ll check those rates every year when you get a rate increase so you’re always paying the least amount possible for your coverage.
Call today, we promise you’ll be glad you did!