Medigap Plan G

Medigap Plan G, like other Medigap plans, helps cover costs that Original Medicare doesn’t. It’s also referred to as Medicare Supplement Plan G, and it offers tremendous value for beneficiaries who don’t mind paying a small yearly deductible. After that, Plan G pays for your hospital deductible, copays, and coinsurance — providing full coverage for the gaps in Medicare, including the 20% not covered under Part B.

If you’re feeling confused while shopping for supplemental insurance, let Carolina Senior Benefits be your guide.

Medigap Plan G Benefits

Plan G covers nearly everything that F covers:

  • Medicare Part A copayments for inpatient hospital care — up to an additional 365 days after Medicare benefits are used up
  • Medicare Part B copayment 
  • First 3 pints of blood 
  • Part A hospice care copayment
  • Medicare Part A deductible
  • Skilled nursing facility coinsurance
  • Medicare Part B excess charges
  • Foreign Travel Emergency — up to plan limits

What Cost Are You Responsible for?

With Plan G, the only thing you’ll have to pay out of pocket is the Medicare Part B deductible. In 2021, this amount is $203.

Plan G Eligibility and Enrollment

There are certain eligibility rules you should know when buying any Medigap plan:

  • You must have Original Medicare A and B, and you can’t have Medigap and Medicare Advantage
  • A Medigap policy just covers one person. Your spouse will need to buy a seprate policy.
  • Insurers aren’t legally required to sell Medigap plans to those under 65. If you’re under 65 and on Original Medicare, you may not be able to buy the plan you want.

If you’re interested in Plan G, you can first enroll during Medigap Initial Enrollment — a six-month period that begins when you turn 65 and enroll in Medicare Part B. If you don’t sign up during this time, you may not be able to get the plan you want or it might cost more.

How the Companies Charge You

Every Medigap policy has a monthly premium. The exact amount may vary by area, gender, and tobacco status. Insurers can set monthly premiums for their policies in three ways:

  1. Community rated — Everybody who buys the plan pays the same monthly amount no matter their age.
  2. Issue-age rated — Monthly premiums are based on the age when you first buy a plan. Younger buyers will have lower premiums, and the premiums don’t go up as you get older.
  3. Attained-age rated — Monthly premiums are based on your CURRENT age. So, your premium will increase as you get older.

Is Plan G Right for You?

It depends on your situation. Plan G is certainly a popular choice for many people. An agent can help you compare rates for Plan G to that of Medigap Plan F in your area. If Plan G is much cheaper than Plan F, it makes sense to go with G. You’ll need to pay the Part B deductible once per year, but you’ll save money in premiums each year.

Plan N is another policy worth considering because of the great benefits it provides.

We’re Here When You Need Us.

How We Help People Like You

Located just north of Charlotte, Carolina Senior Benefits specializes in Medigap policies, Medicare Advantage, and prescription drug plans. We have access to dozens of top-rated carriers in your area, making it easy for you to compare plan rates. We’re truly committed to helping seniors find the best health insurance coverage for their needs and budget. Keep browsing our site or call (704) 765-4689 today.