Medicare Supplement Plan G is also known as Medigap Plan G. It is one of the standard Medicare Supplement plans which may be available in most states. Medigap is an insurance which is optional and is available through private insurance companies. It works together with Medicare Part A (Clinic Insurance) and Part B (Health Insurance). Medicare Supplement insurance can help you pay for hospital and medical expenses that fall under Medicare Part A and Part B.
Medicare Supplement Plan G is a popular choice for covering the big costs that Medicare does not do. Without the additional coverage, the cost that Medicare does not cover can be substantial.
Would Medicare Supplement Plan G be right for me?
If you enrolled for Medicare Part A and or Part B and you purchased a Medicare plan that could fill gaps which Medicare coverage has, Medigap Plan G can meet your needs, depending on what you need. One of the more comprehensive Medicare supplement plans is Medicare Plan G, but it could pose a higher premium than some plans which are less comprehensive.
First of all, there is a deductible of $ 1068 for each hospital stay. There are expensive co-insurance payments for hospital stays over 60 days. After 150 days there will be no coverage for hospitalization. Part-B insurance payments can quickly add up. These are the costs that Medicare will not pay for your doctor’s services, lab tests, or outpatient treatments. You even have to pay for the first 3 pints of blood you may need.
Medicare Supplement Part G provides the cover you need at a lower price than Plan F. Part G covers co-insurance for both parts A and B. The first three quarts of blood are also covered. In addition, the deductible is covered by 1068 US dollars.
Plan G also offers coinsurance if you need to stay in a qualified care facility. For excess fees under Part B, Plan G covers 80% of them. If traveling outside the United States, you are insured for up to 80% of the emergency costs.
If you need home care, this plan will also help to cover this. The biggest difference between plans F and G is that F covers the $ 135 part B deductible every year and provides 100% coverage for Part B additional costs.
Some changes were made to Medicare Supplement Plan G in 2010. On June 1, Medicare Plan B surplus fees are covered at 100% instead of 80%. There is no longer any need to cover the costs of home repair. However, hospice care is added.
These changes are part of a review of all Medigap policies. The idea is to lower the cost to the consumer and add some benefits.
How will you know whether 2019 Medicare Supplement Plan G will cover you without breaking you? The fact is that all supplementary plans are standardized by the government. But the planned costs can radically differ from insurance company to insurance company.
If you travel outside the United States, you may be pleased to learn that the Medicare Supplement Plan G can cover the emergency medical care you receive on trips abroad (up to 80% of the approved cost, up to the limits of the plan).