Medicare Plan G

With the increase in age, the budget of every other senior is increased for the medical expenses. To save your valuable money, you have an option of a medical insurance plan that keeps you protected for your healthcare needs. There is a plethora of insurance plans in the market but more plan creates confusion which one to select. What actually makes these plans superior and different from each other? It’s the coverage and price that fulfill your medical needs without being heavy on your pocket.

Here, we will discuss the Medicare Plan G. It is almost the same plan that was offered a year back and has been a good option for seniors to save their money throughout the year by getting coverage for their healthcare services.

Mentioned below are some of the major benefits you can get from Plan G:

• One of the major benefits of Plan G is that it covers the copayments of Medicare Part A and Medicare Part B
• You would get the coverage for the clinic or hospital’s fee, every time you visit
• Coverage for Part B excess charges
• It covers the annual deductible of Medicare Part A. However, the deductible of Medicare Part B is not covered but that is quite low as compared to the deductible of Part A
• You get the coverage for great nursing care coinsurance cost
• First 3 pints of blood for the whole year and if you require more, it will be covered by the Original Medicare plan
• 80% coverage for the transport cost for any medical emergency (you will get foreign travel exchange cost)

With the above mentioned comprehensive coverage by Plan G, you will realize that almost all the gaps that were left by the Original Medicare plan are filled with this Supplement plan. However, there is only one supplemental expense, which is not covered by this plan. With a combo of Original Medicare plan and Supplement Plan G, you will have little to none healthcare expense to pay from your pocket.

After subscribing to Supplement Plan G, the coverage you get in return is incredible. Although, it is not compatible with any other medical insurance plan that you already own or with the plan that you intend to purchase in the future. For example, it doesn’t fit with the Medicare Advantage plan, which is commonly called Medicare Part C or with the union and employer medical insurance plans as these plans overlap with the coverage and benefits of other Supplement plans as well as Plan G. Eventually, you need to cancel any one of the plans and the overlapping of plans is against the law.

Whereas there are some plans that can be purchased with Plan G like prescription drug plan and Medicare Part D. To make your Supplement Plan G work, you need to have an active Medicare Original plan as without this plan, your Supplement plan won’t function.

If you want to purchase a Plan G without having an Original plan, you can still purchase it from any private insurer of your choice to save your time and in the meanwhile, you can send your request for the subscription for the Original Medicare plan as well. To purchase Plan G, you don’t have to go to Medicare directly as these plans are easily available at competitive rates from the medical insurance companies available in your area that are working nationally and locally.

To subscribe to Medicare Supplement Plan G, you need to pass very easy eligibility criteria.

• You need to own an active Original Medicare plan
• You must be of 65 years of age or above
• If your age is under 65 years then you must qualify for specific medical conditions
• You must be a US citizen to get register for any Medicare plan

If you pass all the above eligibility criteria to purchase a Supplement plan, then you are good to go and subscribe under the term of your plan. You can continue for a longer subscription if you want but the terms of the plan won’t change till the subscription is active. Due to this, you have to be very vigilant before agreeing to the terms of the plan.

There are tons of options from where you can purchase the plan of your choice. These private insurance companies sell the plan with the exact same coverage. It doesn’t matter which company you choose as your medical insurer; you will get the same coverage as allotted by Medicare. The coverage remains the same for every insurance company but the difference is of price as Medicare has given them the freedom to set the price of their choice.

You can have different prices for the same plan and the same coverage from numerous insurance providers in your area. If you want to have a reasonable and affordable price for Plan G, you need to make a comparison between the insurance companies and decide which one is offering the best deal at a competitive rate. Making a wise decision can help you save a lot of money from your budget.

We cannot exactly decide which Medicare plan is the best choice for you as we are not aware of your medical needs, expenses, and which kind of coverage you require. If in case anyone suggests that this plan is the best without looking into your medical needs, then definitely they are wrong. Or if you friend has chosen a plan and suggest you to subscribe the same as it is perfect for him in every aspect, we would recommend you to realize what are your actual needs as the plan which is perfect for your friend might not a good choice for you as it is not necessary that every plan fits equally to all seniors.

Every person has his own medical needs and only they can decide which type of coverage they want. Many seniors buy Plan F, as it covers those expenses which Plan G doesn’t cover and is a bit more expensive. However, Plan N is cheaper than Plan G but gives you less coverage. Every plan has its own worth and it’s best if it covers you for almost all the healthcare expenses.

To know which plan is best for you for fulfilling your healthcare expenses, you need to look into its counterparts and do the comparison. The free comparison tool on the website is easy to use and gives you a list of insurance companies in your area that are selling Medicare Supplement Plan G. Take your time and look at the options you have. Once you are don’t with deciding the plan, the next step is to choose the insurance company that offers you the best deal for that plan.