Medicare Plan G
Medicare Plan G is the most popular Medigap plan today with our clients, and for very good reason.
With only one small deductible to pay each year and relatively low premiums, you can rest assured you’ll have peace of mind in knowing you are financially safe with great medical coverage with Plan G.
Medicare Plan G Benefits
With Medicare Plan F no longer available to people new to Medicare, more and more people each year are enrolling in Medicare Plan G and saving money.
On Plan G you’ll just have to pay a small deductible one time each year ($233 in 2022). After that is met, you’ll get 100% coverage on all Medicare-approved expenses for the rest of the year.
- NO co-pays
- NO coinsurance
- NO network
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Medigap Plan G Coverage
Covered Expenses by Plan G
Medicare supplement Plan G helps pay the gaps, or expenses, in Medicare Part A and B. Because it has such great coverage you will only be required to pay one small deductible (Medicare Part B) each year, and then you’ll get full coverage from Plan G.
Once this deductible is met, Medicare Part B will cover 80% of your doctor’s bills and Plan G will pay the rest for you. There are no other co-pays, deductibles, or coinsurance to meet.
Plan G also offers up to $50,000 in emergency travel coverage for international trips, after a deductible of $250.
The annual Part B deductible amount in 2022 is $233. Medicare Part B covers doctor’s services.
This means any outpatient visits, procedures, and medical tests. You can think of it as anything you go to the doctor for.
Medicare Part A covers hospital expenses. There is a large deductible if you enter the hospital, then co-pays after 60 days in the hospital. Medigap Plan G pays all of this for you.
Medicare Supplement Plan G Cost
While several different insurance companies offer Medicare Plan G, the coverage between them is identical. This is because the plans are standardized. This means the government requires them all to contain the same coverage.
All states work this way except for Minnesota, Massachusetts, and Wisconsin which have their own plans but are close in coverage.
But the premiums between the companies are often quite different, sometimes up to over $100 more per month depending on the company.
This is why it’s very important to allow us to help you shop the rates and apply. Our service is entirely FREE to you, but we help keep you paying the least amount possible each year and keep you out of trouble.
Medicare Plan G vs Plan N
The two most popular Medigap plans are Plan G, and Plan N.
The main differences between these two plans are:
- Plan N is considerably cheaper than Plan G
- Plan N has lower rate increases
- Plan G has only one deductible to pay, while Plan N has more out-of-pocket costs
On Plan N you still pay the annual Part B deductible, just like you do with Plan G. After that though, on Plan N you’re required to pay:
- Up to $20 co-pay for doctor visits
- A $50 co-pay for ER visits if you’re not admitted
- Part B excess charges (very rare)
By entering some basic information into the form to the right you can see the rates for both Plan G and Plan N in your area to see the difference in cost, and which one is best for you.
Also, you can call us today and we can answer all of your questions.