Medigap Plan G
Medicare Supplement Plan G is another very popular Medigap Plan. It is not only popular because of its reasonable price, but it also offers the second best Medicare Supplement coverage available. Second to the Medigap Plan F.
What does Supplement Plan G cover?
Medicare Supplement Plan G covers almost every out-of-pocket expense left behind by Original Medicare, including:
- Medicare Part A costs plus coinsurance
- Medicare Part B costs
- Up to 3 pints of blood as needed during a medical procedure
- Part A hospice costs
- Skilled nursing facility costs
- Medicare Part A deductible
- Medicare Part B excess charges
- Foreign travel coverage
Plan G vs Plan F? Its a great question. Many people wonder but the only difference is the Part B deductible. For 2020 that is $198.00.
Medicare Plan G deductible
Medicare Supplement Plan G has no deductible itself. The deductible many people get confused about is the Medicare Part B deductible, which is $198.00 in 2020. Once you pay that one time deductible your new Medigap Plan G picks up the additional expenses. Your hospital stays, Dr. visits and even skilled nursing care are covered at 100%.
Many people choose to buy a Plan G instead of a Plan F (even if they qualify for a Plan F) due to the significant cost savings. Many times the savings over a year are larger than the one time deductible you may have.
A good rule of thumb is: If the Medicare Supplement Plan G is $16.50 cheaper per month than the Medigap Plan F, you would come out financially ahead buying the Plan G.
Click the button below to see what Medicare Supplement or Medigap quotes you can get.