Medicare Supplement Plan G is a comprehensive coverage option that covers most of the costs you would otherwise be responsible for with Medicare alone. Medigap Plan G is a great option because it has lower premiums and minimal out-of-pocket expenses. In this text, you’ll discover if Plan G is right for you.

Medicare Supplement Plan G

Medigap Plan G covers Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are exhausted. The first 3 pints of blood are covered every year.

This policy covers the 20% Part A Hospice care coinsurance that you’d otherwise be responsible for paying. Also, there is coverage for Part B coinsurance as well as Part B excess charges, and the Part A deductible.

The out-of-pocket expense you will be responsible for with Medigap Plan G is the Medicare Part B deductible. Other than this expense, this policy is almost identical to Medigap Plan F.

What’s the Deductible for Medicare Supplement Plan G?

The deductible for Plan G is the Part B deductible. Outside of your premium, the deductible is the expense you’re responsible for when you have Plan G. The Part B deductible is $226 for the year

The deductible resets each calendar year. So, every year your outpatient expenses will be applied to the new calendar year deductible until you reach Medicare’s specified amount.

How Much Does Medigap Plan G Cost?

Medigap Plan G costs on average between $100 to $300 monthly. The cost of any Medicare Supplement policy is going to vary for each person. The cost is dependent on factors such as where you live, gender, and age.

Am I Eligible for Medigap Plan G?

If you’re in your Medigap Open Enrollment Period, then you are eligible for Medigap Plan G. Outside of that, the Insurance company could charge more or deny the policy.

In most cases, when you go through underwriting there is no issue with getting you approved.

For those with health issues or concerns about underwriting approval, it’s best to work with an insurance agent because they can help identify the company most likely to approve your application.

If you qualify for a Special Enrollment Period, you may be entitled to Guaranteed Issue rights, meaning you get to avoid underwriting.

Which is Better Medicare Plan F vs Plan G?

First and foremost, the best plan for you is the plan you’re eligible to enroll in. Some people won’t be eligible for Plan F. In this case, a person that wants comprehensive coverage with no worry about premium would be satisfied with Plan G.

Now, if lower premiums are the main concern, it’s worth looking at the cost difference annually of Plan N versus Plan G. The best policy for you is the one that provides you with the most value.

Does Medicare Supplement Plan G Plan G Cover Prescriptions?

The Part B medication coinsurance will have coverage with Plan G. Part B medications are drugs administered in the doctors’ office, such as injections or chemotherapy.

Outpatient retail prescriptions require a Part D drug plan. Also, Medications your doctor prescribes you to take at home require Part D coverage. Purchasing Part D is highly recommended.

Is Medigap Plan G Right for You?

If you’re comfortable paying a small annual deductible, Plan G offers incredible value. Plan G is a great alternative to Plan F’s full comprehensive coverage, making it a sensible option for people that have serious health issues or those that have high medical bills.

Medigap Plan G is also beneficial for people that worry about serious health issues as they age. just because you’re in good health today, doesn’t mean something can’t happen tomorrow.

It’s better to have insurance when you need it. Of course, if a lower premium and more out-of-pocket costs are something that you would prefer, consider looking at Medigap Plan N or the High Deductible Plan G.

Overall, the best Medigap policy for you is the one that provides you with the most value.

How Do I Enroll in Medigap Plan G?

Once you’ve decided that Medigap Plan G makes the most sense for you, enrolling is simple. You can submit a Medicare Supplement application over the phone or online.

Using an insurance agent can save you time. Also, an insurance agent can help you understand the annualized costs of the policies available.

Then, your Medicare agent can provide you with personalized plan options that make the most sense based on your needs. Once you select the policy you want, your agent can walk you through the enrollment.

Call us today or compare quotes online to discover which plan will provide you with the most value.

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by Lindsay Malzone, Lindsay Malzone is the Medicare editor for Medigap.com. She's been contributing to many well-known publications since 2017. Her passion is educating Medicare beneficiaries on all their supplemental Medicare options so they can make an informed decision on their healthcare coverage.