Medicare Supplement Plan G

 

While Plan F is the most popular Medigap plan, Medicare Supplement Plan G is a second favorite. This plan is available in many states. While Plan F is known for its first-dollar coverage, Plan G has been growing rapidly in popularity due to the amazing savings you can enjoy. Supplement Plan G is relatively cheaper than Plan F, offering almost the same amount of coverage. But what does that coverage include?

 

While Plan G covers almost all of the same things that Plan F covers, you still have the out-of-pocket costs of the Part B deductible that must be paid annually. However, once that deductible has been taken care of, you get amazing coverage that matches Plan F. Here is a list of some of the covered expenses:

 

• Coverage for Co-Pay

• Co-insurance Coverage

• The 20% gap left behind by Original Medicare

• Deductible for Hospital services

As mentioned above, Original Medicare leaves behind an expense gap of 20%. Normally that 20% is your responsibility to cover out-of-pocket; however, with Plan G, you have that covered fully.

 

These are the different services that Medicare Supplement Plan G helps with:

 

• X-Rays

 

• Blood Transfusions

 

• Hospice care

 

• Inpatient Costs

 

• Skilled Nursing Expenses

 

• Lab Work

 

• Doctor Visits

 

• Diabetes Supplies

 

• Medical Equipment

 

• Ambulance Services

 

• Surgeries

 

• Much More

 

Plan G will also cover a specified amount (Up To $50,000) or emergencies on foreign soil. For what you end up paying for Plan G, you get a lot of coverage and savings.

You will find that the reasons so many seniors prefer plan G are quite comprehensive.

To begin with, you have an amazing range of coverage. This plan will address every gap that Original Medicare leaves for you to pay. As we mentioned before, the only thing that isn’t covered in the Part B Deductible. If you correctly shop around for rates that are tailored to your budget, you can save a great amount of money on the premiums. This means you are saving a lot more money than you would with Plan F.

Next, you have the benefit of actual coverage that is relevant and comprehensive. You get all your expenses for hospital stays covered, as well as the deductible. This deductible is usually greater than $1,000. It also offers outpatient expense coverage. You will be covered for all of your expenses, with the exception of the initial $200. You are only required to pay that deductible ($200) once a year. With Medicare, after this deductible is paid during your first yearly outpatient visit, you are covered for 80% of the expenses. After that, Medicare Supplement Plan G will cover the rest.

Even with the annual deductible, you are saving a lot with the premiums that are significantly lower than Plan F. If you can purchase Plan G for a lower price than Plan F, you should really consider purchasing it.

Kayla has diabetes and Plan G. She will only see her primary care physician once a year, but she still has scheduled endocrinologist appointments. These appointments are vital to maintaining her medications. Kayla will visit her doctor for the first time this year. Medicare will be billed by the doctor, and then they take care of 80% of the bill. Kayla will then be billed for the deductible for outpatient services.

As we mentioned, she does have Plan G, so she is covered for the remaining 20%. This coverage will also allow her to get her test strips, lancets, and a new glucose meter. Plan G, and Original Medicare, will fully pay off the supplies that Kayla needs to maintain her health.

After the first visit to the doctor, and the deductible is paid in full, she is covered for the rest of her yearly appointments. There are no Medicare Part A or Medicare Part B out-of-pocket charges. There is another expense that could cause worry to Kayla, the co-pay for her medications. This is the reason she invested in Part D separately.

The co-pays for prescribed medications still falls on her to handle. However, doctor co-pays, imaging, surgery, lab work, and much more, are all covered by Medicare Supplement Plan G. That is why this plan has become one of the most respected plans.

Q. What is 2021’s deductible for Plan G?

A. This deductible has stayed around $200, but the deductible is from Part B.

 

Q. What Does Medicare Supplement Plan G cover?

 

A. Original Medicare leaves behind 20% of the expenses for you to pay, this is what is covered by Plan G.

 

Q. Do you get Dental Coverage with Plan G?

 

A. There is no coverage for dental by Medicare or Supplement Plan G.

 

Q. Do you get Prescription Drug Coverage with Plan G?

 

A. Part B medications, clinic administered drugs, autoimmune injections, and more are, in fact, covered by this plan. The outpatient prescribed drugs are not covered, though. That is why you should consider the stand-alone plan Part D.

 

Q. Is Plan G better than Plan F?

 

A. While Plan F does offer the most coverage, you get greater value with Plan G in most states. This is a very common question about Plan G.

You have many reasons as to why you should consider Plan G. The primary reason is lower premiums.

There is, however, another reason why this plan is becoming increasingly popular. The savings are long term. The Plan F trend is still greater annually. In Many cases, Plan G only increases by an amount of up to 3%. When you compare that to the rates of Plan F, you will find that it is significantly lower.

Switching to Plan G from Plan F, after the annual deductible is paid, you will not be required to pay it again.

Plan G deserves a round of applause.

Plans and Parts are different, so knowing that this is Medicare Supplement Plan G and not to be referred to as Part G. They are not the same thing and shouldn’t be mistaken.