Medicare Supplement Plan G
When customers are looking for a Medicare supplement, they are looking for a plan that is going to cover as much as possible for their money. Medicare supplement Plan G has become the most popular option all over the country because of the benefits it offers and for the right price. Here we will go over just what exactly you get when purchasing a Plan G Medicare Supplement. We don’t just work with Plan G, you can go HERE to find out more about your supplement options.
Find a Virginia Medicare Supplement Plan Today
Medicare Plan G is not the “most comprehensive” plan, that would be Plan F. Medicare Supplement Plan G offers all of the same coverage as a plan F but it does not pay for the Part B deductible which is $185 in 2019. Although you can purchase a Plan F Medicare Supplement, we have found that most of our customers will pay about $20-$30 more per month in their premiums to cover the $185 deductible. This means a lot of people are paying over $200 per year extra in premiums or more to cover $185. This is why a Plan G Medicare Supplement has become our plan of choice for people looking for the most benefits for their dollar.
Medicare Supplement Plan G Benefits
Medicare Part A and Part B only pay so much of your expenses. Medicare Part A has a $1,340 deductible if you become hospitalized. There is also coinsurance depending on how long you are hospitalized. Plan G Medicare Supplements will help cover these costs for you. You can learn more about Part A costs here.
Medicare Plan G will also cover the 20% coinsurance that would be your share after you have met the $185 annual deductible. This is why Medicare supplements are also known as “Medigap” plans. These plans will cover the gap in coverage that Parts A and B of Medicare would leave you with financially. You can visit here to look at your Medicare Part A and B costs in more detail.
What Medical Services Are Covered Under Plan G?
Medicare Supplement Plan G covers all medical services that are covered by Original Medicare except for the Part B Deductible.
Medigap Plan G covers your Part B coinsurance or copays, inpatient hospital costs, skilled nursing and hospice care. It is going to cover your outpatient medical services such as doctor visits, durable medical equipment, lab work, diabetes supplies, outpatient surgeries, x-rays, diagnostic services and more.
Medicare will pay their portion of the bill. After you have paid your $185 deductible, Medigap Plan G will pay for all other Medicare approved services.
A great benefit many people are not aware of is that Medigap Plan G also covers up to $50,000 in foreign travel emergency benefits.
Why is Medigap Plan G A Good Option?
Many people looking at Medicare Supplements are looking for a plan that is going to take away the financial burdens associated with going to the doctor or hospital. Medigap Plan G offers 100% coverage of the costs for Part A and Part B after you have paid the $185 deductible for Part B for the year.
Medicare Supplement Plan F covers everything Plan G covers and will also pay the $185 deductible for you. There are a few reasons that Plan G has become more popular than Plan F over the last few years. Plan F will no longer be an available option to seniors turning 65 in the year 2020. This means the pool of people on Plan F will get smaller and less healthy as time goes on. Due to those two reason we have seen price increases already significantly larger from year to year with a Plan F. On average we have also seen Plan G Medicare supplement premiums $20 to $40 a month lower than Plan F Medicare supplements. With the only difference being that Plan F pays the $185 deductible, seniors are over paying to the tune of $55 to $295 per year. We have seen extreme cases where customers are paying $80 or more a month for Plan F.
Medicare supplements also work wherever Medicare is accepted. So if you have Medicare Supplement Plan G you also have the comfort of knowing you don’t have to stay in a company specific network of doctors or hospitals. This is a great benefit especially for people who travel to the south for the winter, or just love to travel the country. You can take your supplement with you knowing you don’t have to worry about getting a referral, staying in network or what your costs will be from one place to the next. As long as they accept Medicare and the services are approved by Medicare your supplement is going to cover it as well.
The combination of benefits and budget friendly premiums make Medicare Supplement Plan G the best option for seniors who are looking for the most bang for their buck.
Frequently Asked Questions About Medicare Supplement Plan G
Does Medicare Plan G cover dental?
Generally speaking the answer to this is NO. For a more detailed explanation you can visit Medicare here.
Does Medicare Plan G cover vision?
Medicare Plan G will not cover routine eye exams. There are some eye related services that may be covered by Medicare. For more information you can visit Medicare’s page here and before you have anything done be sure that it will be covered by Medicare or you may be stuck with the bill.
Does Medicare Plan G cover prescriptions?
Medicare Plan G will cover the cost of any medications that are covered under Part B. This would be for drugs that are given to you in a clinic or outpatient setting. These are typically drugs you would not be able to give yourself such as chemotherapy or other injections. Prescriptions that you would get at a pharmacy are covered by a separate plan for Part D of Medicare.
Can I switch from a Medigap Plan F to a Plan G?
This is a great question we get from customers regularly. The best thing to do is give us a call at (866) 319-5886 and we can go over your options and see if you would qualify for a Plan G Medicare supplement. It will only take a few minutes of your time and could save you thousands of dollars over the coming years.
Fill Out the form below for a free quote
Full NameEmail AddressPhone NumberMessageSend message