Medicare Supplement Plan G

One of the Medicare Supplement plans, Plan G, fills in the gaps left by Original Medicare. The Medicare Supplement Plan G covers deductibles and coinsurance for Medicare Part A and Medicare Part B along with many other things.

Once you have met the Medicare Part B deductible, you won’t have to worry about copayments or unanticipated medical bills. Medigap Plan G additionally provides the same benefits regardless of the insurance company, as Medicare Supplement Plans are standardized by the federal government. Insurance company and state-based premiums vary, however.

Highlights of Medicare Supplement Plan G:

  • Pays the Medicare Part A deductible
  • And coinsurance for hospice care
  • Provides Medicare Part B emergency benefits for foreign travel

Cost of Medicare Supplement Plan G in 2022?

Several factors, such as where you live, must be taken into consideration when estimating the cost of Medicare Supplement Plan G. On average, the monthly cost of Plan G can range from $100 to $300.

There are a variety of factors that affect the cost of Medicare Supplement premiums, including ZIP Code, age, and gender. In general, Medigap insurance tends to be more expensive in high-cost areas.

In addition to the benefits provided by Medigap Plan G, there are options if you cannot afford the monthly premium. A lower monthly premium is associated with the High Deductible Plan G, when compared to the High Deductible Plan G. Its only downside is that a higher deductible is required to receive 100% coverage.

Does Plan G pay for prescription drugs?

Medicare Supplement plans do not provide additional coverage over and above that of Part A and Part B, while Original Medicare does not normally cover prescription drugs. Original Medicare does not typically cover prescription drugs. Medicare Plan G does not provide additional coverage beyond that of Part A and Part B.

Part D prescription drug coverage, however, cannot be covered by Plan G, but the good news is that most companies that sell Plan G also sell Part D coverage, so you will still be able to get all your Medicare coverage from one company.

Medicare Plan G vs. Plan F

Plan F covers the deductible for Medicare Part B, which makes it different from Medigap Plan G. However, the plan will no longer be available to new Medicare enrollees from January 2020.

Medicare Plan N vs. Plan G

Plan G provides more comprehensive coverage compared to Medicare supplement Plan N. Medicare Part B deductibles are not covered by either policy, but Medicare Part B excess charges are not covered by Plan N. An excess charge occurs when there is a discrepancy between what you are charged for your treatment and what Medicare actually pays. If you had Plan N, for instance, you would have to pay the difference out of pocket.

Due to its less comprehensive coverage, Plan N will have a lower monthly premium than Plan G in 2022. The premium for this plan will range between $149 and $289.