Medicare Supplement Plan G covers any medical benefit that Original Medicare covers except for the annual Part B deductible so it’s the plan that has the best value for your money. This type of plan has great coverage for both inpatient and outpatient needs and expenses. Plan G has almost the same exact benefits as the Plan F with the only difference being the annual Medicare Part B Deductible which is the first $183 in expenses you will pay the first time you have outpatient care for that year.
A perk of the Medigap Plan G would be allowing you to choose any doctor or hospital that accepts Medicare. As with Plan F, your claims are generally automatically filed as well so there is no need for you to submit claims paperwork and there is little to no expenses that you will need to pay out of pocket.
Having lower premiums than Plan F, Medicare Supplement Plan G is quickly becoming a consumer favorite making it an effective long-term rate saver. It also has a lower rate increase per year than Plan F.
Bear in mind that the cost of Medicare Supplement Plan G can vary greatly from company to company, so order for you to have massive savings, it is a good idea to compare Medigap Plan G prices with many insurance companies to get the best deal possible. The chart below shows a very comprehensive list of benefits included in the Medigap Plan G.
Comparison chart of all 10 plans side-by-side:
|Part A Hospital Coinsurance|
|365 Additional Hospital Reserve Days|
|Benefit For Blood||50%||75%|
|Part B Co-Insurance||50%||75%||*Co-Pays|
|Skilled Nursing Facility Co-insurance||50%||75%|
|Part A Deductable||50%||75%||50%|
|Part B Deductable|
|Part B Excess|
|Foreign Travel Benefit||80%||80%||80%||80%||80%|
|Preventive Care Co-Insurance|
|Out of Pocket Limit||None||None||None||None||None||None||$5,240||$2,620||None||None|