Medicare Supplement Plan G
Medicare Supplement Plan G now offers the most comprehensive coverage out of all the supplements.
Because of the Medicare Access and CHIP Reauthorization Act of 2015, those who turned 65 after January 1, 2020 cannot purchase Plan F because it covers Medicare Part B’s deductible.
However, Plan G covers 100% of the copays/coinsurance, deductibles, and excess charges other than Part B’s deductible.
So, this is the supplement with the greatest coverage available.
What is covered under Medicare Supplement Plan G?
Medigap Plan G covers 100% of the costs Medicare expects you to pay for:
- Medicare Part A coinsurance payments for inpatient hospital care for up to an additional 365 days after Medicare benefits are exhausted
- Medicare Part B copayment or coinsurance expenses
- The first three pints of blood used in a medical procedure
- Part A hospice care coinsurance expense or copayment
- Skilled Nursing Facility coinsurance
- Medicare Part A’s deductible
- Medicare Part B’s excess charges
It also covers 80% of a foreign travel emergency.
The new most comprehensive Medigap plan
If you want similar coverage to Plan F but are not eligible because you turned 65 in 2020 or later, Plan G is your best bet. The only thing Plan F covers that Plan G does not is Medicare Part B’s deductible.
Even those who are eligible for Plan F may find the premium savings wind up making Plan G the one with the greatest savings potential.
When can I enroll?
You can enroll once you have Medicare Part B. You will then have six months to enroll in a Medicare Supplement plan with no health questions. This is a one-time open enrollment in which you cannot be turned down for any health conditions, you cannot be asked any medical questions, and you cannot be charged an additional premium for health reasons.
Technically, you can enroll at any time after you have Part B. However, if you sign up after your initial enrollment period, you will be subject to medical underwriting.
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