Medicare Plan G
Medicare 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 available and will leave the beneficiary with minimal out of pocket expenses for medical and hospital visits. The only difference between Plan F and Plan G is the deductible for part B, which is $240 annually for 2024.
Medicare 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 it is important to work with an independent agency. We offer several companies and can find the right plan for you.
When choosing Medicare Plan G, it is important to keep this in mind:
Medicare Plan G has a deductible on Part B. The annual deductible currently in 2024 on Medicare Part B for all beneficiaries is $240.
Is Plan G Less Expensive Than Plan F?
Maybe. Different companies offer different rates, so depending on who the policy is written with, Plan G could be less expensive.
Are All Companies The Same Price For Medicare Plan G?
There are many companies who offer Medicare Plan G. While the plan itself does not vary, the pricing can vary from company to company.
Multiple Companies Represented
With Medicare Plan G being discontinued, is Plan G a good replacement?
It is often the case, but not always the case, that changing to Plan G is less costly than Plan F. The only difference between the plan is that Plan F pays the Part B Deductible, and Plan G does not.
Is there a high deductible Plan G option?
Yes. High Deductible G has a lower premium than Plan G, with the added risk of a $2,800 annual deductible for all Medicare approved services.
Do you have other question about Medicare Plan G?
Do you need help navigating your Medicare and understanding the Medicare options available to you? We’re here to help. 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.