Medicare can be very confusing!
It has a lot of “plans”, “parts”, and letters to it and can get overwhelming.
For example, Medicare Part G, as many people call it, is actually Medicare Plan G.
My name is Russell Noga with Medisupps.com, and for over a decade i’ve been helping people enroll in Medicare Plan G.
Now the most popular Medigap plan, chances are Plan G would be great for you too!
I’ll tell you why and i’ll also show you why it’s the most popular Medicare supplement plan.
And, if you thought it was Medicare PART G, don’t worry, I completely understand!
Watch the quick video below to learn about Medicare Plan G!
Medicare Plan G
Just to give you the basics here, I’ll go fast. There’s Medicare Part A and Part B. That is what’s called Original Medicare.
Those are your core benefits. Part A covers hospitalization and Part B covers doctor services.
And then you have Medicare supplement plans, which work alongside that to help pay the gaps that Medicare does not.
Gaps are simply expenses that you are responsible for paying.
So having the core Medicare and a Medicare supplement plan is a great option for most people because you get nearly all of your bills paid, depending on which plan you take.
So those Medicare supplement plans are also lettered, which is why people get confused.
And I did when I first started learning.
Medicare Supplement Plan G – Why it’s Great
So let’s go over a few more important things you need to know. Medicare Supplement plans (Medigap) all have the same coverage within each Medicare supplement plan letter.
So whether it’s a Plan G and Plan N, it doesn’t matter.
Every single company: Mutual Omaha, Aetna, Cigna, you name it, all has the same benefits.
They all have the same benefits within each plan letter.
That means a Plan G, remember I mentioned, you just pay one deductible, and after that 100% coverage for the rest of the year?
Well, the Plan G is the same no matter which company offers it.
However, the reason we’re in business, and we’re helping people save so much money is because each of these carriers has different premiums for the exact same thing.
And I’m telling you, the premiums between the companies are all over the place! You name it, up and down.
One plan could be $102 from one carrier, and it could be $180 or more from another carrier.
For years Medicare supplement plan G was actually the second most comprehensive plan. Many people enrolled in Medicare plan F because they got 100% of their bills paid.
However, Medicare removed this plan for anybody new on January 1st of 2020 and beyond. Anyone coming on a Medicare on that date can no longer get a plan F, however that’s not a bad thing don’t worry!
Plan F is too expensive and really doesn’t cover that much more than plan G anyway.
Medicare plan G coverage
Explaining the benefits of plan G is easy.
You get 100% coverage of the gaps of Medicare part a and B, after you just simply pay one small deductible each year.
The great thing is, this deductible is only once per year and is relatively inexpensive. For example in 2020, this deductible is only $198.
After you pay the deductible on plan G you get 100% coverage for the rest of the year!
Is Medicare Plan G better than Plan F?
There are many people still out there who kept their Medicare plan F. Remember only people new to Medicare cannot enroll in the plan, however if someone had a Medicare plan F prior to January 1st of 2020 they were allowed to keep it if they wanted to.
Is this a good thing?
Well there are people out there who don’t mind overpaying to never see a medical bill, and if that’s you I can understand why you wanted to keep their plan F.
However, with most people we talk to every dollar counts. And when I get asked “Is Medicare plan G better than plan F?”, in every instance I say absolutely!
This is for a number of reasons…
Why Medicare Plan G is better than Plan F:
- Lower premiums
- Lower rate increases
- Simply pay one small deductible and get massive savings over plan F
You see with plan F, the plan pays the annual part B deductible for you each year.
Remember I mentioned this amount was $198 in 2020? Well imagine paying $300 or more per year to have your plan F, and all it does is give you a $198 benefit.
$300 – $198 = $102 Service Fee for them to write a check with your money!
If I suggest that you enroll in Plan F and used the above example, calling it a $102 service fee to write a check with your money, you’d tell me I was crazy!
And I’m being generous year with a $300 example! In most areas this can be $400-$600 extra per year.
So any extra money that you pay for Plan F above the Part B deductible amount for that year, is basically you giving the insurance company all that extra money simply to write a check, with your money.
On plan G you simply pay the first $198 of your medical bills, or whenever the deductible is that year, and you get that 100% coverage. All the while being able to enjoy a lower premiums and saving money.
Medicare Plan G Rates
That’s why we do what we do. Let us shop the rates for you, so you don’t get into trouble and overpay by choosing the wrong company.
Now, just like every other Medicare supplement plan, they do not include prescription drug coverage.
We can get you on the right path with that, that’s not a problem at all.
But it’s not included with your supplement plan. And that’s a good thing.
This is because there are at least 30 different drug companies in every state, at least.
And when you have it automatically included with your medical coverage bundle, say like they do with Medicare Advantage plans, they will market it to sound great that you’re getting prescriptions built in.
That doesn’t mean it’s the best prescription plan for you, but in these cases you’re stuck with it.
With a Medicare supplement plan, you get to choose your plan, in this case, a Plan G. But you also get to chose your own drug plan.
Top 5 Companies for Medicare Plan G
Below we’ve rated the top Best companies offering Medicare Plan G. Remember every company has identical benefits for Plan G, yet they all charge different premiums.
While price is a major factor in the decision of which company to get Plan G from, we also factor in a few other variables as to how we’ve determined the top companies in the list below.
- Client satisfaction
- Highly competitive premiums
- Generous household discounts
- Great client service
Aetna Medicare Supplement Plan G
Aetna is one of the top carriers for Medicare supplement plans and always ranks right up there in most part of the country with very low premiums for Medicare Plan G.
They’ve got outstanding client service (we handle all that for you!), and an “A” rated financial rating.
Aetna also offers a 7% household discount in many states if a spouse is applying along with you.
Accendo Medicare Supplement Plan G
Accendo is actually part of the Aetna family of insurance carriers. Though you may not have heard of them, they are owned by CVS, as is Aetna, and are new to the market in 2020 but making a big splash.
The reason Accendo will be one of the top carriers for 2020 is the fact that they offer a massive 14% household discount. However, the person you live with does not even need to be applied with you.
In fact, it does even matter what age they are you would still qualify for their household discount.
Accendo offers all the Medicare supplement plans worth looking at especially Medicare supplement plan G.
They are currently available in about 16 states.
Give us a call today to see if Accendo is available in your state so we can try to get you that big discount.
Watch the quick video below to learn more about Accendo Medicare Supplement plans!
Mutual of Omaha Medicare Supplement Plan G
Certainly one of the biggest names when it comes to Medicare supplement insurance companies is Mutual of Omaha.
The company itself has been around for over 100 years, and they’ve been offering Medicare supplement plan since the start of Medicare itself.
Mutual of Omaha Medicare supplement plan G is one of the most popular supplement plans and companies in the entire country.
With their highly competitive premiums, and up to a 12% household discount in many states they are a great option for seniors.
Mutual of Omaha offers same day approval on policies if you are in an open enrollment period, and in relatively quick turnaround on policies that need to be underwritten.
Their client services second to none and we absolutely love working in partnering with Mutual of Omaha.
Apply directly with Mutual of Omaha Now!
Click Below to start your application:
Medicare Part D Drug plans
And then we go ahead and look at drug plans to see which one of those will save you the most amount of money.
The reason why you never want to take anybody’s advice if they just throw out a drug plan name and say,
“Oh, I have XYZ company,you should enroll in that.”
Is because they take entirely different prescriptions than you do.
You might not take any. And their advice might actually end up costing you a great deal of money.
So when it comes to choosing a Medicare supplement plan with the right company, and guiding you to the best Part D drug plan, we’ve got you covered!
Medicare Supplement Plan G Cost
Now, the reason why I still have clients from 11 years ago who have stayed with me is because we shopped the rates every year for them.
And that’s a big deal. And let me tell you why.
Each company, when we sign you up is going to have about a year lock in on the rate, meaning your rate won’t change for the first year.
After that, the rate increases are going to come. I can guarantee it!
Medicare Supplement Insurance is a moving target, you need an agent on your side.
Now, when you sign up for a Medicare supplement plan, whether you use us or you go direct to a company, you still have to go through an agent.
However, we give the benefit of shopping all the companies.
If you go direct, they’re only going to tell you their rate.
They don’t want you going anywhere else!
We don’t work for the insurance carriers; we work for you.
So with Plan G you get outstanding coverage, but don’t choose the wrong company or just look at one company and end up paying too much for it.
We’ll shop them all and our service is FREE.
And those rate increases when they start happening, we have an annual rate review we do for our clients where we’ll contact you by email and by mail and let you know you’ve got a rate increase coming.
We handle it and shop the rates so you don’t have to.
Let us Help!
So whether you call it Medicare Part G, Medicare Plan G, Plan G, or just G, it’s the best Medigap coverage available today!
So let’s go ahead and get you started.
and look at the rates and see how much Medicare Plan G will cost in your area.
Give us a call today at 1-888-891-0229, and we’ll get you in the best spot with your Medicare supplement plans now, and for years to come.