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

Medicare Supplement Plan G

Medigap Plan G covers Medicare Part A coinsurance, copays, and hospital costs up to 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 you’d otherwise be responsible for paying. Also, there is coverage for Part B coinsurance, 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. Besides 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, your outpatient expenses will be applied to the new calendar year deductible every year 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 will vary for each person. The price depends on factors such as where you live, gender, and age.

Am I Eligible for Medigap Plan G?

Suppose you’re in your Medigap Open Enrollment Period. In that case, you’re eligible for Medigap Plan G. Outside of that, and 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.

Suppose you qualify for a Special Enrollment Period. In that case, 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 suitable for Plan F. In this case, a person that wants comprehensive coverage with no worry about premiums would be satisfied with Plan G.

If lower premiums are the primary concern, it’s worth looking at the cost difference annually between 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 doctor’s 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 an excellent alternative to Plan F’s comprehensive healthcare coverage. It’s a sensible option for people with serious health issues or 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 Medicare Supplement insurance plan for you is the one that provides you with the most value.

Medicare Supplement Plan G Reviews

Medigap Plan G has been one of the top Medicare Supplement plans for several years. It’s the most popular plan among new Medicare beneficiaries. Plan G will cover all costs related to Original Medicare except the Medicare Part B deductible.

FAQs

What type of health insurance is Plan G?

Plan G is a standardized Medigap policy. These plans are added to your Medicare coverage for an additional monthly premium.

What is the Plan G deductible for 2023?

Medicare Supplement Plan G doesn’t have a deductible and covers the beneficiary’s Medicare cost-sharing. You must pay the Medicare Part B deductible of $226 before Plan G covers the remaining costs. Remember the Part B deductible can vary from year to year. It could increase or decrease.

What is the difference between Medicare Supplement Plan D and Plan G?

Medicare Supplement Plan D and Plan G have nearly identical coverage. The only coverage difference is that Plan D doesn’t cover Medicare Part B excess charges.

What are the exclusions of Plan G?

Plan G is limited to items and services covered by Original Medicare. These plans don’t include coverage for prescription drugs, dental care, vision coverage, or hearing services.

What are the benefits of Medicare Supplement Plan G?

Plan G will cover all the cost-sharing related to Original Medicare except for the Medicare Part B deductible. It covers items such as:

  • Skilled nursing facility care
  • Inpatient hospital
  • Outpatient coverage and services like doctor and specialist visits
  • Durable medical equipment
  • Emergency care
  • Foreign travel emergency
  • Medicare Part A deductibles, coinsurance, and copayments
  • Medicare Part B coinsurance and excess charges

Getting Help Enrolling 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 insurance 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 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.

Written By:
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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.
Reviewed By:
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Rodolfo Marrero, Rodolfo Marrero is one of the co-founders at Medigap.com. He has been helping consumers find the right coverage since the site was founded in 2013. Rodolfo is a licensed insurance agent that works hand-in-hand with the team to ensure the accuracy of the content.