Medicare Plan G Cost in 2024

Are you currently enrolled in or interested in Medicare Plan G?

It’s an extremely comprehensive policy for helping to pay the out-of-pocket costs of Original Medicare.

Medigap Plan G is one of the ten standardized Medigap plans available to Original Medicare members, offered by private insurers across the United States.

You get a comprehensive level of medical care for an affordable monthly premium, but every company has a rate increase each year. This is why it’s important to check your rate yearly (Here at Medisupps.com we do this for our clients) to see if you’re paying too much.

There’s no reason to pay more than you should as each insurance company has the exact same Medicare Supplement plans and coverage.

You can use our website now to see Medicare Plan G cost for 2024 in your area from top insurance companies. We make the application process smooth and easy and can help see which company you qualify with.

View Medicare Plan G Rates for 2024 now

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Medigap Plan G Coverage

• Medicare Part A coinsurance and hospital costs.
• Medicare Part B copayment or coinsurance.
• Part A hospice care copayment or coinsurance.
• Coinsurance for a skilled nursing facility.
• Medicare Part A deductible.
• Medicare Part B excess charges.
• First 3 pints of blood.
• Foreign travel emergency medical expenses up to 80%.

  Medicare Part A Coinsurance

Medicare Part A, also known as hospital insurance, includes cost-sharing initiatives, such as coinsurance. Inpatient hospital stays exceeding 60 days require coinsurance fees. Plan G covers all these costs.

  Medicare Part B Copayment & Coinsurance

Medicare Part B charges coinsurance for doctor visits and other outpatient care services. Medicare Part B usually pays 80% of Medicare-approved amounts for these covered services, leaving you with a 20% coinsurance payment. Plan G takes care of this outstanding amount.

  Medicare Part A Hospice Care Copayment or Coinsurance

Individuals with terminal illnesses require hospice care, and Medicare covers this service but requires a copayment. These copayments include 5% of Medicare-approved amounts for inpatient care and $5 for each symptom and prescription for pain relief. Plan G covers all these additional costs.

  First 3 Pints of Blood

Original Medicare covers you for the fourth pint of blood and beyond during transfusions. Plan G fills the gap, providing the first three points of blood.

  Coinsurance for Skilled Nursing Facilities

Inpatient skilled nursing facilities require a coinsurance payment for stays over 20 days. This coinsurance charge amounts to $200 per day for days 21-10. After day 100, the member is liable for all further costs unless you have Plan G, which takes care of these medical expenses.

  Medicare Part B Excess Charges

If doctors charge above the standard Medicare rate, you’re liable for these additional charges, which can be up to 15% over the subsidized rate. Plan G covers this additional excess fee.

  Medicare Part A Deductible

Medicare Part A comes with an annual deductible of $1,600 in 2023. Medigap Plan G covers your deductible in full for each benefit period required.

  Foreign Travel Emergency coverage

You get coverage of up to 80% of all medical expenses incurred while outside of the United States after meeting the annual $250 deductible.

There’s no question Medicare Plan G will be one of the most popular Medigap Plans for 2024, especially for people new to Medicare.

Medigap Plan G is available in high-deductible and standard options. The High deductible option comes with more affordable monthly premiums and is a great choice for seniors who don’t incur many medical expenses during the year.

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 begin by entering your zip code above to see rates.