Medicare Plan G is Better than Plan F for a variety of reasons, mostly due to Plan G’s value. The only difference between the two plans is who pays the annual Part B deductible. With Plan F, you pay much higher premiums than the deductible amount to have it paid for you.
With Medicare Plan G you’ll have much lower premiums than Plan F, and you simply pay the Part B deductible yourself each year. Plan G is big savings over Plan F, and it has lower rate increases in most areas.
Medicare Supplement Plan G
In the year 2021, the annual Part B deductible amount was only $203. Those who have Plan F had this deductible paid for them.
In reality, they still paid the deductible themselves, but they just paid extra to the insurance company to do it for them.
The problem is, the deductible amount was only $203, but on average most people probably paid around $400 extra per year to the insurance company! In other words, they lost money!
You can pay this deductible yourself and save a few hundred dollars per year at least.
With Medicare Plan G, after you meet the annual deductible it’s just like Plan F in that it pays 100% coverage.
Medicare Plan F vs G
Now, if you’re over the age of 65, you’ve been on Medicare prior to January 1st of 2020 and you have a Plan F still, congratulations! As you know by now, you can keep the plan and have 100% of your bills paid.
You could actually switch the plan to a different company and get another Plan F and save rates if you wanted to, and I highly suggest we look at doing that.
There’s absolutely no sense in paying more money for the same Plan F that you could get cheaper with another company.
But I would like to encourage you to at least consider a Medicare Plan G.
Aside from the lower premiums that you’ll pay with Plan G, it really comes down to what exactly you are paying for.
With Plan F, you’re getting 100% coverage. But because this plan is what is called a “closed risk pool”, Plan F premiums will only continue to rise.
These are those rate increases you get every year, except Plan F increases now are much higher than other plans.
How to Change Plans
If you’re considering leaving your Plan F for the much better value of Plan G, congratulations!
To apply for any other plan, you’ll have to answer medical questions on the new carrier’s application. These are not as stringent as you might think and we almost always have an option for everyone.
The easiest way to see how much you can save by switching to Plan G is by filling out the form to the right. Don’t worry, we never sell your information and we won’t bombard you with endless phone calls!
There you will see rates for Plan G from the top carriers in your area. These are not sample rates either, they are accurate rates for the plan based on your age, zip code, tobacco use, and gender.
Household Discounts are Available - Even if Only One Person Applies
Many companies offer household discounts. Some provide them even if you just live with someone whether they’re applying with you or not.
We can easily see if you qualify for a discount and how much it would be. These vary by company and by state and are not reflected in the quotes we provide.
To get started and see how much rates are for you for Plan G Medicare just give us a call today at 1-888-891-0229.
We’ll take as much time as we need to get you in the best spot with your Medigap insurance now, and for years to come!
Call today, I promise you’ll be glad you did!