by Russell Noga | Updated June 30th, 2023
Are you thinking about enrolling in Medicare Supplement Plan G?
You have options for choosing your preferred private insurer to host your policy. Several companies offer “Medigap” Plan G, and it’s available in all 50 states and Puerto Rico.
Humana is one of the top-rated private insurers offering Original Medicare members enrolled in Part B the chance to supplement their cover with Medigap Plan G. Established in 1961, Humana started offering medical insurance policies in 1984.
Humana provides Medicare coverage to over 10 million Americans nationwide, 3.1% of whom choose the company for their Medigap plan. This post reviews the Plan G offering from Humana. We’ll discuss the benefits this private insurer provides when enrolling in Medigap Plan G.
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Humana Medicare Supplement Plan G – At a Glance
Humana offers the standard and high-deductible version of Medigap Plan G in 49 states, including Washington, D.C., and Puerto Rico. The company doesn’t service Virginia. Members can access any medical provider in America who accepts Original Medicare. Medigap monthly premiums vary based on the applicant’s location, health status, gender, and age.
Humana Medicare Supplement Plan G Pros and Cons
Humana Medicare Supplement Plan G Pros
- The organization has a strong financial position and excellent credit rating.
- Humana is recommended for its customer experience, service, and transparent pricing.
- High-deductible and standard Plan G options.
- A range of discounts and additional services, including the “SilverSneakers” fitness program, 24/7 Nurseline, and discounts for vision, hearing, and dental services.
Humana Medicare Supplement Plan G Cons
- Plan G premium costs increase annually.
- Some applicants are ineligible for online enrollment due to their location, missing out on the 6% online enrollment discount.
- In some states, different Humana entities provide identical coverage at different rates, which confuses new members.
How Does Humana Medicare Supplement Plan G Work?
The Centers for Medicare and Medicaid Services (CMS) provides standardized coverage through Medicare Supplement Plan G. While Plans can differ in cost between private insurers, benefits are identical. The Plan G options from Humana can vary depending on the member’s location in the United States.
Humana sets different premium rates for members depending on their gender, age, smoking status, and location. However, the average Humana Medicare Supplement Plan G cost is $131.44 for new members in 2023.
Plan G is the most comprehensive Medigap Plan available after Plan F. The only thing Plan G doesn’t cover, that Plan F does, is the Medicare Part B deductible, which is $226 for 2023. However, signing up for Plan G gives you a more affordable monthly premium than Plan F, making it an attractive option and the fastest-growing Medigap plan for new members.
Plan G offers members a comprehensive offering, covering Part A’s deductible, the excess charges in Part B, skilled nursing facility coinsurance, foreign travel emergencies, and much more. Once you meet the deductible, essentially, it covers all other medical services except for preventative care, hearing, vision, and dental.
Most of Humana’s Medigap policyholders can access add-on services and health programs. These additional benefits may vary by state.
What Does Humana Medicare Supplement Plan G Cover?
The Federal government standardizes the cover offered in Plan G. So it’s the same cover you get from any other insurer. However, the cost of the Plan may vary between providers for the same care benefits.
That’s why it’s important to have a professional guide you through your decision to ensure you’re getting the best rates in your state for Plan G. Here are the benefits offered by Medigap Plan G.
Part A Deductible
$1,600 for the 2023 benefit period. This is the amount Part A Medicare beneficiaries must pay before their coverage kicks in. with Plan G; you get full coverage for this amount.
Part A Coinsurance for Hospital Fees
Up to $400 per day for days 61-90 of inpatient hospital stays and $800 per day for stays over 90 days.
Part B Coinsurance and Copayments
20% of the Medicare-approved amount for medical treatments.
Part A Hospice Coinsurance and Copayments
Coinsurance of up to 5% for inpatient respite care and copayments for up to $5 for prescriptions involving symptom control and pain relief.
Part B Excess Charges
Up to 15% over the Medicare-approved amount with doctors’ offices and specialists.
First Three Pints of Blood
Original Medicare pays for the fourth pint of blood in transfusions. Plan G gives you the first three pints.
Coinsurance for Skilled Nursing Facility
Up to $200 per day for days 21-100 of inpatient stays at skilled nursing facilities. Plan G covers all costs for stays over 100 days.
Foreign Travel Emergency Care
Original Medicare pays 20% of costs, and Plan G covers the outstanding 80% of medical expenses.
What are the Costs of Humana Medicare Supplement Plan G?
The average monthly premium for Medigap Plan G offered by Humana in 2023 is $131.44. However, this amount can vary, depending on the state you live in. Other factors may affect the cost of your monthly premium, such as your age, gender, health history, and smoking status.
Members in some states receive more affordable rates than others. For instance, members in California will pay more for Plan G than Atlanta residents. It’s possible to get consulting advice online through the Humana website on your Plan G premiums. If you take this strategy, you could save 6% on your premium costs.
Unfortunately, online enrollment isn’t available in all states. In these instances, you’ll need to assistance of a professional advisory service to help you calculate your premium rate and to see if Humana is the most affordable option for Plan G in your area.
If new members enroll in Plan G during the open enrollment period three months before and after their 65th birthday, they aren’t subject to underwriting. Underwriting involves the process of evaluating your past medical history. Humana may use the underwriting information in the discovery process to charge you a higher fee or deny you coverage.
It’s also important to note that Humana offers a 12-month premium fee lock-up period where they won’t increase fees. However, they usually increase your premium annually in line with factors like attained age and inflation.
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Frequently Asked Questions
What is Humana Medicare Supplement Plan G?
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Russell Noga is the CEO of Medisupps.com, an online Medicare Agency and resource center helping Medicare beneficiaries learn about Medicare, Medigap and Part D drug plans, and Medicare Advantage plans since 2009. Russell is licensed in all 50 states and has been featured as a keynote speaker, and author of several publications, along with hosting the very popular Medisupps.com Youtube channel.