by Russell Noga | Updated September 18th, 2023
Isn’t it time to uncover the truth about Medicare Plan G? As the landscape of Medicare Supplement plans continues to evolve, many individuals are left questioning, “is Medicare Plan G still available?” and what benefits it offers.
In this comprehensive blog post, we’ll delve into the current state of Medicare Plan G, from its availability and benefits to enrollment and top providers.
Let’s embark on this journey together to reveal the truth about Plan G and its role in the Medicare landscape.
- Medicare Plan G is still available and offers comprehensive coverage with low out-of-pocket costs for enrollees.
- Compare providers to find the best plan that suits your needs, as premiums vary depending on age, location and health history.
- Research additional benefits offered by each provider to ensure you receive the most advantageous rates and guarantee coverage.
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Is Medicare Plan G Still Available?
Rest assured, Medicare Plan G remains available and continues to be a popular choice for comprehensive coverage among Medicare enrollees.
As a Medicare Supplement insurance policy, Plan G is designed for individuals aged 65 and above or disabled who are enrolled in both Part A and Part B of Medicare.
When comparing Medigap Plan G to other Medigap plans, it serves as a favorable alternative to the now-unavailable Plan F for new enrollees due to its extensive coverage of Medicare Part A and B at 100%, excluding the Part B deductible.
This makes Medigap Plan G a popular Medigap plan choice among beneficiaries.
Recent Changes to Medicare Supplement Plans
The most significant shift in the Original Medicare Supplement landscape is the discontinuation of Plan F for new enrollees.
Since Plan F covered all gaps in Medicare at 100%, including the Part B deductible, new Medicare beneficiaries are now seeking alternatives for comprehensive coverage.
This is where Medicare Plan G steps in as the top choice, offering nearly identical coverage to Plan F but requiring enrollees to pay the Part B deductible.
Medicare Supplement Plan G is available from a selection of America’s health insurance plans, including reputable companies like:
- Mutual of Omaha
These providers offer various pricing structures and additional benefits, making it essential to compare Medicare Supplement plans for 2024 and choose the one that best suits your needs.
To make an informed decision, it’s crucial to compare Medicare supplement plan options available to you.
The Benefits of Medicare Plan G
Choosing Medicare Plan G offers the following benefits:
- Extensive coverage for most out-of-pocket costs, excluding the Medicare Part B deductible
- Reduces the financial burden of healthcare expenses
- Ensures comprehensive health coverage for seniors and disabled individuals.
Furthermore, Medicare Plan G boasts nationwide acceptance, making it an excellent choice for those who anticipate travel during retirement.
Comparison with Other Medigap Plans
When comparing Medicare Plan G with other Medigap plans, such as Plan N and Plan F, it is evident that Plan G provides a balance between comprehensive coverage and cost-effectiveness.
The primary distinction between Medicare Plan G and Plan F is that Plan G requires the enrollee to be responsible for the Part B deductible of $233, whereas Plan F covers it entirely.
How to Enroll in Medicare Plan G
The enrollment process for Medicare Plan G is relatively straightforward. Here are the steps to follow.
- Enroll in both Medicare Part A and Part B.
- Conduct research on available insurance companies to find the one that best suits your needs.
- Sign up during the Medigap Open Enrollment Period, which begins on the first day of the month you turn 65 and lasts for six months, to acquire the most advantageous rates and guarantee coverage.
During the Medigap Open Enrollment Period, insurance companies are not allowed to take your health or medical history into account when calculating the price.
This makes it the most cost-effective and straightforward time to obtain coverage, ensuring you get the best possible rates.
Costs Associated with Medicare Plan G
The expenses associated with Medicare Plan G are contingent upon factors such as age, location, and health history, with premiums ranging from $100 to $300 per month.
It’s important to keep in mind that the cost of Medicare Plan G can also be impacted by factors like carrier selection and the pricing method used by the insurance company.
A high-deductible version of Plan G is also available, offering the same benefits as the standard Plan G but at a lower monthly premium, with the caveat that a higher deductible of $2,700 in 2023 must be met before receiving full coverage.
This option can be suitable for those willing to pay a higher deductible in exchange for lower premiums
Top Providers Offering Medicare Plan G
Some of the leading providers offering Medicare Plan G are:
- Mutual of Omaha
Each of these companies boasts its own unique benefits and pricing structures, making it essential to compare Medicare Supplement plans and choose the one that best suits your needs.
Additional benefits provided by these top Medicare Plan G providers may include, besides a Medicare Advantage Plan:
- Discounts on dental, vision, or prescription drug coverage
- Access to a 24-hour nurse phone line
- SilverSneakers wellness program
- Humana Transplant Centers
- An eye exam savings program
- Go365 wellness rewards program
For example, enrolling in Medicare Plan G with Humana can provide these additional benefits.
Switching from Another Medicare Supplement Plan
It is possible to switch from another Medicare Supplement Plan to Plan G during specific annual periods, such as the Annual Enrollment Period.
However, in many states, this may result in medical underwriting and potentially higher premiums, as insurance companies can take your health or medical history into account when calculating the price.
Some states, like Connecticut, Massachusetts, Maine, and New York, mandate private health insurance companies to provide Medigap policies to eligible individuals, regardless of preexisting conditions.
To ascertain the Medigap regulations in your state, please contact your state insurance department.
Moving to Another State with Medicare Plan G
Relocating to another state with Medicare Plan G is feasible if the plan is accessible in the new area; otherwise, you may need to alter plans or providers.
If Supplement Plan G is available in the new location, you can retain the plan without any issues.
If not, switching plans or providers may be necessary if other companies offer Plan G coverage in the new area.
For those relocating to another country, Medicare Plan G coverage remains intact, but would only cover emergency care visits after a $250 deductible.
Medicare Plan G and Additional Coverage
While Medicare Plan G offers substantial coverage, it does not include dental, vision, or prescription drug coverage.
However, some providers offer additional coverage options or discounts for these services. It’s essential to research the specific offerings of each Medicare Plan G provider to ensure you’re receiving the coverage and benefits that best suit your needs.
When selecting a Medicare Plan G provider, consider not only the standard coverage but also the extra benefits, discounts, and programs that each company may offer.
This can help you make a more informed decision and ensure you receive the most comprehensive coverage possible.
Expert Tips for Choosing the Best Medicare Plan G Provider
To choose the best Medicare Plan G provider, it’s important to compare costs and coverage, consider any additional benefits, and seek guidance from an insurance broker or consultant.
An insurance broker or consultant can offer support and assistance during the insurance-purchasing process and may be able to secure more favorable rates for Medigap plans.
It’s also essential to consider factors like:
- geographical coverage
- website usability and application process
- educational information
When selecting the best Medicare Plan G provider.
By thoroughly researching and comparing providers, you can make a more informed decision and ensure you receive the best possible coverage for your needs.
In conclusion, Medicare Plan G remains a popular and available choice for comprehensive coverage, providing a cost-effective alternative to Plan F for new Medicare beneficiaries.
By understanding the benefits, enrollment process, costs, and top providers of Medicare Plan G, you can make a well-informed decision about your healthcare coverage.
Don’t forget to compare providers, consider additional benefits, and consult with an insurance expert to ensure you’re getting the best possible coverage for your needs. Your health is worth the investment.
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Frequently Asked Questions
Is Medicare Plan G being discontinued?
Plan G is still available for anyone who is Medicare Supplement eligible. There is a lot of confusion surrounding which Medigap plans are going away, but Plan G isn’t one of them. Rest assured that you can keep your plan.
What is the deductible for Medicare Plan G for 2023?
For Medicare Plan G in 2023, the deductible is $226, which is the same as the Part B deductible for that year. This will change slightly in 2024, either up or down.
There is also a High Deductible Plan G with a deductible of $2,700.
Are all Medicare Supplement Plan G the same?
All Medicare Supplement Plan G policies offer the same coverage; however they may not cost the same depending on the insurance provider.
Insurance providers may offer different rates for the same coverage, so it is important to compare prices before making a decision.
Is Medicare Plan G still available for new enrollees?
Yes, Medicare Plan G is still available and remains a popular choice for comprehensive coverage for new enrollees.
Get an Immediate Quote and Advice on Medicare Supplement Plan G
If you want to skip ahead and get right down to business, contact our team at 1-888-891-0229. We offer professional advice on Plan G.
We’ll show you the best insurers in your state and calculate the most affordable premium for your unique situation. Or fill out the contact form on our site, and we’ll have an expert get back to you for a free consultation.
Russell Noga is the CEO and Medicare editor of Medisupps.com. His 15 years of experience in the Medicare insurance market includes being a licensed Medicare insurance broker in all 50 states. He is frequently featured as a featured as a keynote Medicare event speaker, has authored hundreds of Medicare content pages, and hosts the very popular Medisupps.com Medicare Youtube channel. His expertise includes Medicare, Medigap insurance, Medicare Advantage plans, and Medicare Part D.