Medicare Part G offers the most coverage of all the Medigap plans available. With Medicare Plan G you just pay one small deductible (Part B) and then get 100% coverage of the gaps in Medicare Part A and B. This means your medical bills are paid 100% after the deductible is met.
Watch the quick video below to learn about Medicare Plan G!
Medicare Plan G
Medicare Part A and Part B are called Original Medicare. Those are your core benefits.
Part A covers hospitalization and Part B covers doctor services.
Medicare supplement plans (Medigap) work right alongside original Medicare to help pay the gaps that Medicare does not.
Gaps are simply expenses that you are responsible for paying.
So having 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 enroll in.
Medicare supplement plans are lettered, just as the “parts” of Medicare are. So Medicare Part G is actually Medicare Plan G.
Medicare Supplement Plan G – Why it’s Great
The most important thing to remember when it comes to Medicare Supplement plans (Medigap) is that they all have the same coverage within each plan letter.
So whether it’s a Plan G and Plan N, it doesn’t matter as each company offers the exact same coverage within each plan letter.
So Medicare Plan G is the same no matter which company offers it. But, they all charge different rates for it!
For many years now we’ve been helping people save money because each of these carriers has different premiums for the exact same thing.
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 anyone new to Medicare 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 had almost no extra value over Plan G.
Medicare plan G coverage
Explaining the benefits of plan G is easy.
You get 100% coverage of the gaps of Medicare parts 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 2021, this deductible is only $203. In 2022 it will go up slightly as it does every year.
After you pay the deductible on plan G you get 100% coverage for the rest of the year on all Medicare-approved expenses.
Is Medicare Plan G better than Plan F?
There are many people still out there who kept their Medicare plan F policy.
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 $203 in 2021? Well imagine paying $300 or more per year to have your plan F, and all it does is give you a $203 benefit.
$300 – $203= $97 Service Fee for them to write a check with your money!
If I suggest that you enroll in Plan F and using the above example, calling it a $97 service fee to write a check with your money, you’d tell me I was crazy!
And I’m being the 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 $203 of your medical bills, or whenever the deductible is that year, and you get that 100% coverage. All the while being able to enjoy lower premiums and saving money.
Medicare Plan G Cost
The cost of Medicare Plan G is roughly $85 – $140 per month. This depends on a number of factors, such as your age, gender, zip code, tobacco use, and if you qualify for any household discounts or not.
Which state you live in has the biggest impact on the cost. For example, rates in California or Florida are much higher than Plan G rates in Tennesee.
Many companies offer large household discounts if two people are applying together. Some companies even offer a discount if you just live with someone, even if they’re not applying.
We can help you see which companies offer the best rates for you and which ones you qualify for. Just call us today to get started! 1-888-891-0229
Top 5 Companies for Medicare Plan G
Below we’ve rated the top Best companies offering Medicare Part 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
Medicare Part G 2022
Medicare Plan G is not changing for 2022 in terms of benefits, however, it’s likely if you already have a Plan G that you are overpaying for coverage.
Each company offers the exactly same Plan G coverage, but they all charge different rates!
Use the form to the right to instantly see the best rates for Plan G in your area. We can easily help you apply and double-check to make sure you’re in the right spot for 2022 with your Medigap coverage.
Aetna Medicare Supplement Plan G
Aetna is one of the top carriers for Medicare supplement plans and always ranks right up there in most parts 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 were new to the market in 2020 but made a big splash.
The reason Accendo will be one of the top carriers for 2022 is the fact that they offer a massive 14% household discount. However, the person you live with does not even need to be applied to 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 plans 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 a relatively quick turnaround on policies that need to be underwritten.
Their client services are 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!
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.