Medigap Plan G
Without a doubt, now the top-selling Medicare Supplement plan is most definitely Medigap Plan G, and for good reason!
Medicare Plan G provides you with the kind of great coverage that lets you rest easy, knowing that the majority of their common medical expenses would be covered after just one small deductible to pay each year.
Imagine being able to go to the doctor’s office, the emergency room, or the hospital and not worrying if you have to pay a big medical bill when you come out.
With Medigap Plan G protecting you, you’ll be able to enjoy peace of mind and have almost complete supplemental coverage.
Medicare Plan G Coverage
Before you purchase or even consider purchasing any insurance plan, you should be asking yourself the question: “What can this insurance plan do for me?”
You ought to know how Plan G will benefit you, because so many seniors enroll in this plan each year, and a lot of them are saving money.
You may want to know if you too can save money and if you should be signing up for this kind of health insurance plan.
Medicare Supplement Plan G gives you lots of protection against medical care costs.
As those costs increase from year to year, you need the protection that this kind of pan offers if you are going to keep healthcare affordable.
With Plan G, you will no longer need to pay out of pocket for Medicare Part A’s annual deductible or per-visit copayments.
You don’t have to pay for hospice coinsurance or nursing care coinsurance out of pocket either.
You will be fully covered for the Medicare Part B excess charges that relate to outpatient treatment from healthcare providers who do not fully accept Medicare.
You will also be covered for Part B’s copayments and for the first three pints of blood that you use every year.
Plan G also covers the cost of foreign travel exchange for up to 80%, with a lifetime limit in coverage of $50,000.
With all that coverage, you can feel safe and secure, knowing that there won’t be nearly as many medical expenses that you have to pay from your own finances for.
Plan G will be taking care of them for you, which means that your medical expenses should be greatly consolidated.
You can expect them to pay for most of your medical care by simply paying your monthly insurance premiums.
Medigap Plan G
How Can You Get Plan G?
If you want to sign up for this Supplement plan, you are going to have to meet two qualifications: you need to be 65 years or older, and you need to have an active Original Medicare plan. At age 65, you become eligible for a number of different health insurance benefits and plans that were not previously available to you.
Medigap plans, including Plan G, are among them.
Medicare’s basic plan is a prerequisite for Plan G because of how Plan G is designed to supplement or complement it.
Plan G only fills in the gaps, while Medicare provides the foundational coverage.
You can apply for Plan G or any other Medigap plan as early as three months before you turn 65.
From three months before your birthday until three months after is an enrollment period known as Open Enrollment.
That initial eligibility period is when we suggest most seniors try to sign up.
If you apply during this time, then the insurance companies cannot deny your application. They have to approve you for the plan that you apply for.
They also have to give you the lowest rates and cannot factor in any preexisting medical conditions to raise the rates for you.
Leaving your Medicare Advantage plan?
There is another time that you can sign up if you wish to wait and not enroll when you are first eligible if you are coming off a Medicare Advantage plan. This would be the annual enrollment period, and as the name suggests, it is going to be available every year.
From October 15th, you can apply for a Medicare Supplement plan, and you will have until December 7th to get your application in.
Once you have been approved, you’re going to receive coverage from your plan starting on January 1st.
To be approved you simply must answer medical questions on the application. We can help determine which company will be the best fit for you, as they all have different approval guidelines.
Call us now with any questions you might have! We are happy to answer the questions you have and provide you with expert advice on health insurance!
Plan G is a high coverage plan for relatively low premiums. The important thing to remember is that each insurance carrier offers the same Plan G and benefits.
They all have the same identical coverage, but charge different rates for it!
If you need a lot of medical benefits from your Medigap plan, then there are a couple of other options to consider.
Plan G is so popular these days that you can find it being sold by most health insurance providers. It’s kind of their standard Supplement plan at this point.
The insurers get to set their own rates for Plan G, and they may give you some extra perks for free just for signing up with them.
Medicare Supplement Plan N – Low Cost Alternative
Medicare Supplement Plan N is our top alternative. We like how it streamlines your coverage to give you only what is essential, not wasting your money on coverage that probably isn’t relevant to you or that would be cheaper just to pay for out of pocket.
Plan N covers you for all Medicare Part A benefits and for some of the Part B copayments.
It also covers you for nursing care, foreign travel exchange and blood usage. It retails for way less than Plan G, usually costing about $40 less a month.
That’s going to add up to considerable savings when you look at how much you will save by keeping Plan N for the whole year instead of going with Plan G.
Medicare Plan F
There is yet another high coverage alternative to Medigap Plan G, and that’s Medicare Plan F.
Only people who were eligible for Medicare prior to January 1st of 2020 may enroll in this plan as the government has removed it from the lineup to anyone new to Medicare.
It will cover you for all the supplemental expenses, including the blood you use each year, the cost of nursing care, foreign travel exchange and all supplemental expenses related to Medicare parts A and B.
No other Supplement plan covers you for more, but we don’t recommend Plan F. That’s is because it isn’t even available to most seniors these days. It is a delisted Medigap plan, and that limits who can even benefit from it.
Plan F was delisted a few years ago under a federal law, and this was because the plan didn’t offer enough value for the price being charged for it. The law was made to protect seniors who were signing up in droves for Medigap Plan F.
They had made Plan F the most popular of all the Supplement plans, and insurance companies capitalized on that by charging exorbitant prices for it.
So, if you had Plan F as your Supplement plan at the time it was delisted, then you could have renewed your coverage for each consecutive year.
That’s the only way you could get coverage from Plan F these days, and anyone else will have to choose from one of the other Supplement plans.
We wouldn’t recommend Plan F for the same reason that it was delisted- it’s just too expensive for what it offers, at least in the majority of cases.
Where You Can Purchase Plan G
It can be pretty important to choose the right insurance company. A stable, financially strong company won’t change their rates too much from year to year.
Consider these and other factors as you try to make the right decision for who to buy your Medigap plan from. Here are some of the better insurers that are selling these health insurance plans.
You can’t really beat Aetna’s value for seniors. They offer low-priced plans with lots of extra perks.
Aetna makes it easy to live healthy with all of their fitness and dieting programs, and they are great at responding to their customers and treating them well.
With Cigna covering you, you’ll enjoy all sorts of convenience. They allow you to control your coverage plan from the internet and choose the exact kind of coverage plan and benefit that work for you.
They have a great lineup of Supplement plans and work hard to offer their members great rates every year.
We always recommend Mutual of Omaha as a consideration for seniors because we know their history.
They have been selling Medicare plans since the beginning, and they do a great job of taking care of their members. They offer affordable rates and a solid selection of plans.
Mutual of Omaha
With their partnership, AARP and United Healthcare officially became the largest insurance network in the country.
They have lots of perks that they can offer you, and the rates are surprisingly affordable for all the benefits they offer.
This makes them one of the best places to go for high value Medigap plans.
You may know them as Anthem or by some other name, and that’s because this nonprofit organization is made up of a number of smaller companies that all work together and offer the same benefits and stellar customer service experience.
Blue Cross is most commonly known for their very affordable healthcare insurance plans, and you can check out their rates here on our site to see how they compare to their competitors.
Blue Cross Blue Shield
Compare Prices on Plan G and Save Money
While Plan G is a great health insurance policy for many seniors, it can also get a little expensive.
Because it covers so much for you, many insurance companies are going to take advantage of that and charge higher than average prices. They know that seniors want powerful protection from the cost of medical care and will be willing to pay well for an insurance plan that can provide that for them.
So, if you want to avoid overpaying for your Medigap plan, then you should use our site to source some quotes and then compare those quotes.
You can simply perform a search here on our site and get back a list of Medigap quotes for your area.
We will use your zip code and find you local quotes that are relevant to where you live.
The prices do change from one location to another, and they change from one insurance provider to another. You want to get the best possible rate you can. We know that, and we make it easy for you to do just that.
We make sure that the rates we provide for you here are all accurate.
How do we do that? We source them directly from the insurance companies’ website.
If you were to visit those sites, you would only get a single quote at a time and would not get any quotes from competing insurance providers.
Here on our site, you can get a list of quotes that show you how different insurance companies are charging for the same plan.
No matter what price you pay for Medigap Plan G, the coverage remains the same.
So, you’ll want to look for the cheapest price you can on this plan if you are going to squeeze as much value as you can and save money on your healthcare.