Medicare Plan G is a Medicare Supplement plan that may provide greater value than Plan F. It provides you the same full coverage benefits of Medicare Plan F with a lower monthly premium. When you get an affordable Plan G versus Plan F, you could save $500 or more per year in premiums.
The only difference between Plan F and G is that Plan G requires you to pay the Medicare Part B annual deductible. In 2022, Part B deductible is only $233. In other words, after you spend $233, you save $300 or more in annual premiums.
Medigap Plan G, like all Medigap Plans, must follow federal and state laws designed to protect the policyholder. Therefore, the essential benefits of Medigap Plan G must be the same no matter where Plan G is purchased. In other words, Medigap Plan G coverage benefits will be the same no matter which carrier you choose.
As shown in the Medigap Plan G Benefits chart, your supplement benefits include the following:
Medicare Plan G is a better value than Plan F for several reasons. First, Plan G has lower monthly premiums than Plan F. Second, over the years, Medigap Plan G premium rates have increased less than Plan F. Thus, lower premiums make Plan G a better value than Plan F.
Robert Bache, the owner of Senior Healthcare Direct, has correctly predicted Plan G to be a better value than Plan F. Furthermore, he continues to recommend Plan G.
In recent years, Medicare Plan G has sometimes increased as little as 3% with some carriers. In comparison, Plan F during the same time has increased significantly more.
Plan G covers Medicare Part B outpatient medical services at any hospital or medical facility for less than 24 hours. Furthermore, Plan G covers outpatient preventive services, such as diabetes self-management training. Moreover, Plan G covers the following:
When you have moderate or severe COPD, Plan G pays your 20% coinsurance that you would otherwise have to pay.
After you pay the $233 Part B deductible in 2022, Plan G pays 20% coinsurance cost for an annual glaucoma test.
If you have a diabetic condition, Plan G pays 20% coinsurance costs for therapeutic shoes and inserts.
George has diabetes and Medicare Supplement Plan G. He visits his primary doctor once a year and his endocrinologist several times a year to renew his prescriptions. In January 2022, he goes to his first doctor visit for the year.
The specialist bills Medicare, which pays 80% share of the bill except for the $233 outpatient deductible, which George pays. Then his Medicare Supplement Plan G pays the remaining 20%. Medicare covers diabetic supplies such as his lancets, test strips, and a new glucose meter at no charge to him. Medicare and his supplement work together to pay 100% of these costs.
For the rest of the year, George will owe absolutely nothing out of pocket for Medicare Part A and B services. George keeps more money in his pocket with Medicare Plan G. His only copays will be for medications under his separate Part D prescription drug plan.
With Plan G coverage, George does not have to worry about any doctor copays. He will not pay for ambulance transportation, lab-work or imaging. If George has surgery, Medicare will cover 80% and his Plan G will cover the other 20%.
Plan G is a great value for George. Depending on your needs, Plan G might be right for you, as well. To help you decide which supplement plan is best for you, review the Medigap Benefits Chart for a side-by-side comparison of all Medigap Plans.
You can use the Medigap Benefits chart for a side-by-side comparison of Medicare Supplement Plans A – N. Plans with 100% provide full benefit coverage. However, some plans only have partial benefit coverage, such as 80%, 75%, and 50%.
Plans with X do not cover that particular benefit. If you were newly eligible for Medicare starting on or after January 1, 2020, then Plan C and Plan F were not available for you. However, anyone who had Plans C or F before 2020 can keep it.
Linda’s doctor admits her to a hospital as an inpatient for 36 days. On day one, Linda pays her $233 Part B deductible. Then she starts receiving skilled nursing care. Linda received a semi-private room, meals, and skilled nursing to treat, manage, and observe her condition.
Medicare Plan G pays her Part A deductible of $1,556 for her first 20 days. Then, Plan G covers days 21 to 36 at $194 coinsurance per day for a 16-day benefit of $3,140. Linda’s total out-of-pocket benefit is $4,696.
After her doctor discharged her from the hospital, she required outpatient physical therapy. Linda’s physical therapist accepted Medicare but decided not to accept the Medicare-approved amount for her physical therapy. Therefore, the physical therapist charged Linda 15% more than Medicare’s approved amount. Fortunately, Linda had Medicare Plan G, which covered this Part B excess charge.
Find out if Medicare Plan G is right for you. Call Senior Healthcare Direct at 1-833-463-3262, TTY 711 to speak with a licensed agent. We have access to top A+ rated Medicare insurance companies. We can check Plan G rates with over 30 carriers so that you can get the lowest price on Medicare Plan G in your area. Furthermore, when you enroll with us, it costs you nothing, and you will have access to our friendly Customer Support Team. Then whenever you have questions or problems, you can get answers and solutions. Get your quote.
$233 is the annual Part B deductible in 2022 which you pay for your Plan G deductible.
Plan G pays for your hospital deductible and after you pay the $233 deductible in 2022 it pays for your medical outpatient medical coverage for stays at any hospital or medical facility for less than 24 hours. In addition, Plan G pays for all your copays and coinsurance under Medicare.
No, neither Medicare nor Medigap plans cover dental care.
Plan G covers the coinsurance for any Part B prescription drugs. These medications are typically limited to people with specific medical conditions.
Plan G covers chemotherapy drugs, anti-nausea medications, immunosuppressive medications, and drugs for end-stage renal disease (ESRD).
Medigap Plan G does not cover outpatient retail prescriptions. In this case, you will need a Part D drug plan.
Yes, Plan G is a better value than Plan F. You pay $233 Part B annual deductible in 2022 and get the monthly benefit of paying a much lower Plan G premium vs Plan F.
Since you can save several hundred dollars in premiums on Plan G it is a better value than Plan F.
Plan G pays for your hospital deductible and after you pay the $203 deductible in 2021 it pays for your medical outpatient medical coverage for stays at any hospital or medical facility for less than 24 Read More
Plan G covers the coinsurance for any Part B prescription drugs. These medications are typically limited to people with specific medical conditions. Plan G covers chemotherapy drugs, anti-nausea Read More
Yes, Plan G is a better value than Plan F. You pay $203 Part B annual deductible in 2021 and get the monthly benefit of paying a much lower Plan G premium vs Plan F. Since you can save several