Medicare Plan G

Plan G QuoteMedicare Plan G is the second most popular Medicare supplement (next to Plan F) with our Baby Boomer clients.

Medicare Plan G offers great value for beneficiaries who are willing to pay a small annual deductible. As you can see below, Plan G covers almost everything that F does, except for the Part B deductible:

Medicare Supplement Plan G, Medicare Plan G, Medigap Plan G

Medigap Plan G:   A Small Deductible = Big Savings

medicare supplement plan g

Frank saved nearly $300/year by choosing Medicare Plan G.

Medicare Plan G, also called Medigap Plan G, is an increasingly popular supplement for several reasons.

First, Plan G covers each of the gaps in Medicare except for the annual Part B deductible. This deductible is only $147. If you shop rates at Boomer Benefits, we can often find a supplement Plan G that saves quite a bit over Plan F. That’s over $200/year you can keep in your pocket!

Second, it has great coverage. For hospital stays, it covers all your hospital expenses. Most importantly, it pays the $1260 deductible that you would normally owe for any hospital stay.

For outpatient care, Medigap G covers all but the first $147 in expenses, which is the Part B deductible. You will pay $147 the first time you have outpatient care for that year. After that, Medicare Plan G covers all the remaining expenses. Medicare will pay 80% of your outpatient costs and your supplement will pay the other 20%.

If you are just starting your research into Medicare supplements, you might also read what Medicare covers, before you choose which supplemental coverage is right for you.

If Medicare Supplement G is considerably cheaper than Plan F in your area, then it makes sense to purchase it. You will pay the Part B deductible, but the annual savings in premiums can offset that by several hundred dollars.

Medicare Plan G Scenario:

Frank is a diabetic who has Medicare Supplement Plan G. He sees his primary care doctor once per year, but visits his endocrinologist several times a year to renew his prescriptions. In January, he goes to his first doctor visit for the year. The specialist bills Medicare, which pays 80% share of the bill except for the $147 outpatient deductible, which is billed to Frank.

His Medicare supplement Plan G pays the rest. Frank’s coverage even provides his lancets, test strips and a new glucose meter at no charge to him. Medicare and his supplement work together to pay 100% of the costs for these diabetes supplies.

For the rest of the year, Frank will owe absolutely nothing out of pocket for covered Part A & B services. His only copays will be for his medications under his separate Part D prescription drug card.

Why you should consider Medicare Supplement Plan G

Lower premiums are a great start, but there is another reason why Medicare Plan G has become a consumer favorite. It is also a long-term rate saver. Get in touch with us today:  our licensed agents can explain how this policy often keeps premiums lower over the long term. We can also check Plan G rates for over 25 carriers for you.

Contact Boomer Benefits now to request a rate analysis for Plan G policies in your area. We’d love to show the potentials savings that this supplement can put back into your pocket!

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