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Medicare Supplement Plan G

Learn Why Medigap Policy Plan G is the Top Medicare Supplement Plan 

Selected by Most Medicare Beneficiaries.  

Medicare Supplement Plan G - Top Plan 2022

When it comes to selecting a Medicare Supplement plan, the Medigap Plan G is the top contender for the plan year 2022 and beyond. Most existing Medicare Beneficiaries are familiar with Plan F as this was the most popular plan. Medicare supplement Plan G is very similar to Plan F with one minor difference. 

For new Medicare beneficiaries willing to pay a small annual deductible of $233 for the plan year 2022 the Medicare supplement plan G is the plan to choose. This is the only difference between Medicare supplement Plan F and Plan G.  Well of course Medicare supplement plan G comes at a lower monthly premium.

Medicare Supplement Plan G is today’s most compressive Medigap plan available starting January 1, 2020. This is because those individuals that turn 65 years old on or after this date are no longer able to purchase the Medicare supplement Plan F or Plan C.  Congress has removed this plan for anyone new to Medicare

As you can see below, Medicare supplement Plan G covers almost everything that F does, except for the Part B deductible

Medigap Plan G Benefits

Medigap Plan F Benefits

For older adults who qualify for Plan F, we still recommend buying the Plan G due to the substantial premium savings.

What Is Medigap Insurance?

Medigap insurance is a type of supplemental insurance that can help cover out-of-pocket costs that Medicare doesn’t cover, such as deductibles, coinsurance, and copayments.

Medigap policies are not connected to or sponsored by the government or the federal Medicare program.

Medigap plans are offered by private health insurance companies and can be purchased through a licensed Medicare agent.

There are 10 different types of Medigap plans, each with its own set of benefits.

  1. Plan A: This plan offers basic benefits, including coverage for Medicare Part A and Part B coinsurance, hospice care coinsurance or copayments, and the first three pints of blood each year.
  2. Plan B: In addition to the benefits offered in Plan A, this plan also covers Medicare Part A deductible and Medicare Part B excess charges.
  3. Plan C: This plan provides the same benefits as Plan B, with the addition of coverage for Medicare Part A hospitalization deductible.
  4. Plan D: This plan offers the same benefits as Plan C, with the addition of coverage for foreign travel emergency care.
  5. Plan F: This is the most comprehensive Medigap plan, covering all the benefits of the other plans, plus Medicare Part B deductible and Medicare Part B excess charges.
  6. Plan G: This plan offers the same benefits as Plan F, with the exception of coverage for the Medicare Part B deductible.
  7. Plan K: This plan covers 50% of the costs for covered services, including hospitalization, skilled nursing facility care, hospice care, and blood.
  8. Plan L: This plan covers 75% of the costs for covered services, including hospitalization, skilled nursing facility care, hospice care, and blood.
  9. Plan M: This plan covers 50% of the cost of Medicare Part A coinsurance, up to $2,000 per year. It also covers 100% of the cost of Medicare Part B coinsurance.
  10. Plan N: This plan covers 100% of the cost for Medicare Part B coinsurance, up to $20 per office visit, and up to $50 for emergency room visits that don’t result in an inpatient admission.

The most popular Medigap plan is Plan F, which covers most of the costs that Medicare coverage doesn’t cover. However, Plans C and F is no longer be available to people who become eligible for Medicare on or after January 1, 2020.

Other popular plans include Plan G, which covers most of the same costs as Plan F but has a slightly higher deductible, and Plan N, which has a lower premium but doesn’t include some of the costs that the other plans do, such as the Medicare Part B deductible.

Our Medicare insurance agents can help you decide between a Plan G or Plan N if these are one of the two plans you are leaning towards.

If you’re interested in enrolling in a Medigap plan, you can do so during your Initial Enrollment Period or during the annual Open Enrollment Period. You can also qualify for a Special Enrollment Period if you have recently lost other health coverage, such as employer-sponsored insurance or a Medicaid program.

The monthly premium for Medigap policies varies from one insurance company to another. It’s critical to shop around from several different insurance providers before deciding on a Medicare plan.

You may use our Medicare Plan Finder to compare the prices of different insurance providers in your region. You may also contact one of our authorized insurance agents to assist you in comparing rates and plans from several providers.

Medicare Supplement Plan G Coverage Overview

What Medical Services Does Plan G Cover?

Medicare Supplement Plan G picks up where Original Medicare leaves off which is also referred to as the coverage gaps. While Original Medicare benefits are fantastic, it does have some out-of-pocket costs related to copayments, coinsurance, and deductibles. 

This is where Medicare plan G steps in and covers your share of the remaining medical bill not covered by Medicare. As shown above, Medicare Plan G picks up all costs except for the Part B deductible.

If you end up in the hospital your Medicare Plan G would cover 100% of the Medicare-approved amount associated with your hospital stay up to the per stay maximum days. 

Medicare Plan G also provides additional benefits related to outpatient medical services such as doctor visits, lab work, diabetes supplies, durable medical equipment, x-rays, ambulance, surgeries, and much more.

When you end up at the Doctors office, if you have not already paid your Part B deductible you will be asked to cover this cost first. Next, your Doctor will bill Medicare and they will pay the doctor’s office the Medicare-approved amount. Lastly, Medicare will invoice the insurance company that covers your Plan G, and they pay all the rest.

Many Medicare insurance companies who offer Plan G Medicare supplements, will include up to $50,000 in foreign travel emergency benefits.

Medicare Coinsurance Cost

Part A Deductible and Coinsurance Amounts for Calendar Years 2022

Part A Cost Without Medicare Supplement Plan G

  • Inpatient Hospital Deductible
  • Daily Coinsurance for 61st-90th Day
  • Daily Coinsurance for Lifetime Reserve Days
  • Skilled Nursing Facility Coinsurance (Day 1-20)
  • Skilled Nursing Facility Coinsurance (Day 21-100)
  • Skilled Nursing Facility Coinsurance (Day 101 and beyond)
  • $1,556
  • $389
  • $778
  • $0.00
  • $194.50
  • All Cost

Part A Cost With Medicare Supplement Plan G

  • Inpatient Hospital Deductible
  • Daily Coinsurance for 61st-90th Day
  • Daily Coinsurance for Lifetime Reserve Days
  • Additional 365 Days in Hospital
  • Skilled Nursing Facility Coinsurance (Day 1-100)
  • Skilled Nursing Facility Coinsurance (Day 101 and beyond)
  • $0.00
  • $0.00
  • $0.00
  • $0.00
  • $0.00
  • All Cost

Part B Deductible and Coinsurance Amounts for Calendar Years 2022

Part B Cost Without Medicare Supplement Plan G

  • Annual Medicare Part B deductible 
  • 20% co-insurance total cost of your bill
  • Excess Charges
  • $233
  • UNLIMITED
  • Additional 15% above Medicare accepted amount

Part B Cost With Medicare Supplement Plan G

  • Annual Medicare Part B deductible 
  • 20% co-insurance total cost of your bill
  • Excess Charges
  • $233
  • $0.00
  • $0.00

How Much Does Medicare Plan G Premium Cost Each Month?

Medicare Supplement Insurance plans provide comprehensive coverage and offer up to ten Medicare options.  

The price of your premium will be based on a number of factors, such as your age, location, tobacco use, and whether you have any pre-existing medical conditions. Medical underwriting only applies if enrolling outside the guaranteed issue period.

For example, a 65-year-old nonsmoking man in Texas could expect to pay a monthly premium of $150 for Plan G, while a 75-year-old nonsmoker in New York might have to pay a monthly premium of more than $250 for the same plan.

Who is Eligible for Medicare Supplement Insurance Plan G?

In order to qualify for a Medicare Supplement Plan G, you must first be enrolled in both Medicare Part A and Part B.

If you are turning 65, you can enroll in Medicare during your Initial Enrollment Period, which is the seven-month period that begins three months before the month you turn 65, includes the month you turn 65, and ends three months after the month you turn 65.

You may also qualify for a Special Enrollment Period if you have recently lost other health coverage, such as employer-sponsored insurance or a Medicaid program.

If you are already enrolled in Original Medicare and wish to switch to a Medicare supplement insurance Plan G, you can do so during the annual Open Enrollment Period from October 15 to December 7.

What is the Best Way to Compare Medicare Supplement Insurance Plans?

There are a few different ways to compare Medicare supplement plans. One option is to use our Medicare Plan Finder tool.

This tool can help you find and compare Medicare supplement plans in your area.

Another option is to contact one of our licensed insurance agents who can help you compare plans and rates from different insurance companies.

Lastly, you can also contact the insurance companies directly to get quotes and compare plans. If you go directly to the Medicare insurance company, you will only be provided with their rates and plans.

When shopping for Medicare plans, it’s important to compare not only the monthly premiums but also the coverage levels and the reputation of the insurance company.

When you select the Medicare Supplement Plan G vs Plan F you will see a lower monthly plan premium.  The savings can equal between $500 to $900 annually in premium savings just for the insurance company to NOT manage your $233 Part B deductible.  We don’t believe it is worth you paying the insurance company an extra $300 to $700 annually just for them to manage your deductible.  

One you have paid for your Part B deductible the Medicare Supplement Plan G and Plan F are exactly the same.  

Medicare Supplement Plan G

What Else Do I Need To Know About Medicare Supplement Insurance Plan G?

Medicare supplement insurance plans are not the same as Medicare Advantage plans. Medicare Advantage plans are an alternative to Original Medicare, and they typically include prescription drug coverage.

Medicare supplement insurance plans do not replace Original Medicare but rather work alongside it to help cover some of the costs that Medicare doesn’t cover, such as deductibles, coinsurance, and copayments.

You can have a Medicare supplement insurance plan even if you enroll in a Medicare Advantage plan.

If you have a Medicare supplement insurance plan and wish to switch to a Medicare Advantage plan, you can do so during the annual Open Enrollment Period from October 15 to December 7.

Keep in mind that if you switch from a Medicare supplement insurance plan to a Medicare Advantage plan, you may lose some of the coverage that your Medicare supplement insurance plan provides.

For example, if you have a Medigap Plan G and switch to a Medicare Advantage plan, you will no longer have coverage for your Medicare Part B deductible.

You should also be aware that not all insurance companies offer both Medicare supplement insurance plans and Medicare Advantage plans.

If you’re interested in enrolling in a Medicare Advantage plan, be sure to check with the insurance company first to make sure they offer this type of coverage.

Difference Between Medicare Supplement Plan G versus Plan F

The only differences in coverage between the Medicare Supplement Plan G and Plan F, is your Part B deductible is not included under plan G.  This simply means that when you first visit your doctor you will be responsible to first pay your annual deductible of $233.  Where the Plan F covers this cost under the plan itself.  Once your annual deductible has been met all other covered medical expenses are covered at 100%

When you select the Medicare Supplement Plan G vs Plan F you will see a lower monthly plan premium.  The savings can equal between $500 to $900 annually in premium savings just for the insurance company to NOT manage your $233 Part B deductible.  We don’t believe it is worth you paying the insurance company an extra $300 to $700 annually just for them to manage your deductible.  

One you have paid for your Part B deductible the Medicare Supplement Plan G and Plan F are exactly the same.  

How Do You Enroll in Medicare Supplement Plan G?

If you are eligible for Original Medicare and wish to enroll in Medigap Plan G, you can do so during your Initial Enrollment Period or during the annual Open Enrollment Period.

You can also qualify for a Special Enrollment Period if you have recently lost other health coverage, such as employer-sponsored insurance or a Medicaid program.

To enroll in a Medigap Plan G, you will need to contact the insurance company directly and provide them with your Medicare information.

What is the monthly premium for Medicare supplement Plan G?

The monthly premium for a Medigap Plan G varies from one insurance company to another.

It’s critical to shop around from several different insurance providers before deciding on an insurance policy.

You may use our Medicare Plan Finder to compare the prices of different insurance providers in your region.

You may also contact one of our authorized insurance agents to assist you in comparing rates and plans from several providers.

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