Medicare Supplement Plan G is a form of Medicare Supplement Insurance also referred to as a Medigap plan. Like Plan F, Plan G is a comprehensive benefit plan that will leave the beneficiary with minimal out of pocket expenses for medical and hospital charges. The only difference between Plan F and Plan G is that Plan G does not cover the Medicare Part B annual deductible.
Medicare Supplement Plan G is one of the most popular Medigap plans. Depending on the insurance company who offers the plan, you may find variable rates. This is why shopping with Long Island Insurance Solutions is important. We offer many companies and can compare them for you to find the right plan at the right price.
When choosing Medicare Supplement Plan G, it is important to keep this in mind:
Medicare Supplement Plan G has a deductible on Part B expenses. The 2019 annual deductible on Medicare Part B for all beneficiaries is $185.
Are All Companies The Same Price For Medicare Supplement Plan G?
There are many companies who offer Medicare Supplement Plan G. While the plan itself does not vary, the pricing can vary from company to company.
With Medicare Supplement Plan F Being Discontinued, is Plan G A Good Replacement?
Since Plan F will no longer be available to newly eligible Medicare beneficiaries after 2020, Medicare Supplement Plan G will be the best comprehensive option. If you were eligible for Medicare Plan A prior to 2020, you can continue to enroll in Medicare Supplement Plan F.
There Is A High Deductible Plan G Option.
Since the popular plan F and High Deductible Plan F (HDF or F+) will not be available to people born after 1955 or going on Medicare due to disability after January 2020, there is a now a High Deductible Plan G (HDG or G+) available.
Do You Have Other Questions About Medicare Supplement Plan G Plans?
Do you need help navigating and understanding the Medicare options available to you? We’re here to help! For over 30 years our agency has dedicated ourselves to helping Medicare eligible customers understand their Medicare Insurance and helping you find a supplement plan that works for your situation and budget. Please give us a call.