Medigap Plan G
What is Medigap Plan G and what does it cover?
Medigap Plan G is the next-best Medicare Supplement plan after Medigap Plan F. It covers all Original Medicare expenses, out-of-pocket costs, and almost all deductibles, making it very comprehensive and flexible.
It covers the following healthcare expenses:
- Medicare Part A hospital and coinsurance expenses for up to an additional 365 days after using up all your Medicare benefits.
- Medicare Part A hospice care coinsurance and copayments.
- Medicare Part A deductibles
- Medicare Part B copayments or coinsurances
- Medicare Part B excess costs
- The first three pints of blood during medical procedures
- Skilled nursing healthcare facility coinsurance
- Foreign travel healthcare emergency coverage of up to 80%
However, Medigap Plan G does not cover Medicare Part D deductibles.
How is Medigap Plan G different from Medigap Plan F
The only difference between Medigap Plan G and Medigap Plan F plans the fact that Medigap Plan G does not cover Medicare Plan B deductibles. As a result, Medigap Plan G coverage comes with lower premiums in comparison to Medigap Plan F.
A lot of people have the misconception that Medicare Part B plan deductibles are paid monthly, but in actual essence, they are paid yearly. Medicare Part B deductibles cost $203 as of 2021 and this means by choosing Medigap Plan G, you get comprehensive healthcare coverage for less.
How do I find the best Medigap Plan G premiums in the United States?
While all Medigap plans are standardized, finding the best Medigap Plan premiums near you from good Medicare private insurance companies can be a little difficult. Our Medicare broker can help you compare the costs of Medigap plans and find premiums at the most competitive costs in the market.