New Era Medicare Supplement Plan G 2025

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Russell Noga
by Russell Noga | Updated January 28th, 2025

Curious about the New Era Medicare Supplement Plan G and whether it’s right for you? This guide will provide all the details you need on its coverage benefits, cost predictability, and ease of access to healthcare providers. Learn why many Medicare beneficiaries trust New Era’s Plan G for comprehensive and flexible Medicare coverage.

 

Key Takeaways

  • New Era Medicare Supplement Plan G offers comprehensive coverage, including co-pays, coinsurance, and hospice care, enhancing financial security for beneficiaries.
  • The plan has no network restrictions, allowing policyholders to see any Medicare-accepting provider, and providing flexibility in healthcare choices.
  • New Era Life Insurance Company has a strong financial foundation and excellent customer service, along with competitive premiums, making it a reliable option for Medicare supplement coverage.

 

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Overview of New Era Life Insurance Company

 

Overview of New Era Life Insurance Company

 

The New Era Life Insurance Company, established in 1924, has built a robust reputation over nearly a century. Known for its commitment to providing affordable and competitive rates, New Era Life Insurance aims to make quality healthcare accessible to a broad audience. The company’s long-standing management team, in place since 1989, has maintained a steady course toward financial stability and customer satisfaction.

Operating through subsidiaries like Philadelphia American Life Insurance Company, New Era Life Insurance offers a range of products, including Medicare supplement plans, annuities, and whole life insurance. This diversity in offerings ensures that they can meet the varied needs of their policyholders, providing comprehensive solutions for both health and financial well-being.

New Era Life Insurance’s focus on affordability is particularly evident in its Medicare supplement plans. Their efforts to keep premiums competitive ensure more people can access the additional coverage these plans offer. This commitment to quality and affordability makes New Era a trusted name in the insurance industry.

 

What is Medicare Supplement Plan G?

Medicare Supplement Plan G is one of the most popular Medigap plans available today. It is designed to fill the gaps left by Original Medicare, covering out-of-pocket expenses that Medicare Parts A and B do not fully pay for. This includes costs like co-pays, coinsurance, and deductibles, making it a comprehensive solution for those seeking additional financial security in their healthcare coverage, including medicare supplement policies and medicare supplement insurance plans.

Offered by New Era Life Insurance, Plan G is a standout among Medicare supplement plans due to its extensive coverage and affordability. As of 2020, Plan G has become the go-to choice for new Medicare beneficiaries, especially since Plan F, another comprehensive Medigap plan, is no longer available to new enrollees. As a result, Plan G has become essential for those seeking to maximize their Medicare benefits.

In the broader context of Medicare, Plan G works alongside Original Medicare to ensure that beneficiaries are not left with unexpected medical bills. Plan G covers expenses not included in Medicare, offering peace of mind and financial predictability for retirees.

 

Key Features of New Era Medicare Supplement Plan G

Key Features of New Era Medicare Supplement Plan G

 

The New Era Medicare Supplement Plan G stands out due to its comprehensive coverage, lack of network restrictions, and predictable costs. These features collectively enhance the plan’s appeal, making it a favorite among Medicare beneficiaries looking for extensive protection and ease of access to healthcare services.

Here are the key features in detail.

 

Comprehensive Coverage

One of the most significant advantages of Plan G is its comprehensive coverage. This plan fully covers co-pays and coinsurance for Medicare Part A and Part B, including skilled nursing and hospice care. It also includes essential benefits like hospital copayments, hospice care expenses, and foreign travel emergency coverage, ensuring that beneficiaries have fewer out-of-pocket expenses and are well-supported in their healthcare needs.

Plan G’s extensive coverage helps reduce the financial burden on policyholders, making it a wise choice for those who want to avoid unexpected medical costs. Covering both Part A and Part B coinsurance and excess charges, this health insurance plan enhances financial security and peace of mind.

 

No Network Restrictions

Flexibility is another hallmark of the New Era Medicare Supplement Plan G. Unlike many other plans, Plan G imposes no network restrictions, meaning policyholders can visit any healthcare provider that accepts Medicare. This ensures that beneficiaries are not limited in their choice of medical professionals, allowing for greater freedom and convenience in managing their healthcare.

Without network restrictions, you can receive care from any Medicare-accepting provider, whether at home or traveling across the United States. This flexibility is particularly beneficial for those who travel frequently or live in areas with limited healthcare options.

 

Predictable Costs

Predictable costs are a crucial feature of Plan G, making it easier for beneficiaries to budget for their healthcare expenses. The plan provides fixed costs for covered services, which simplifies financial planning and reduces the stress associated with unexpected medical bills.

With Plan G, members typically face minimal and clearly defined out-of-pocket expenses, aiding in financial planning. This predictability is further enhanced by the fact that Plan G does not include expenses from excess charges when a provider does not accept Medicare Assignment, ensuring that policyholders can manage their healthcare costs more effectively.

 

Financial Strength and Customer Service

New Era Life Insurance Company boasts a strong financial foundation, with an A.M. Best rating of B++ (Good), indicating solid financial strength and stability. This rating reflects the company’s ability to meet its financial obligations and support its policyholders effectively.

In addition to financial stability, New Era Life Insurance is renowned for its excellent customer service. The company’s commitment to providing quality service is evident in its quick underwriting processes and efficient claims support. Policyholders benefit from fast processing times, which can significantly enhance their experience, especially during critical times when timely responses are essential.

Moreover, New Era Life Insurance has a reputation for maintaining low single-digit rate increases, which contributes to the affordability and predictability of their Medicare supplement plans. This combination of financial strength and customer-focused service makes New Era a reliable choice for those seeking comprehensive Medicare supplement coverage.

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How to Enroll in New Era Medicare Supplement Plan G

 

How to Enroll in New Era Medicare Supplement Plan G

 

Enrolling in the New Era Medicare Supplement Plan G is a straightforward process, but there are a few key requirements to keep in mind. Eligibility requires enrollment in both Medicare Part A and Part B. This foundational coverage is necessary to benefit from the supplementary protection Plan G provides.

The best time to enroll is during the 6-month Open Enrollment Period, which begins the month you turn 65 and are enrolled in Medicare Part B. During this period, you can enroll without medical underwriting, a significant advantage.

Outside of this period, underwriting may be required, potentially affecting your eligibility and premiums. You can enroll by calling for assistance or filling out an online request form through the Medisupps.com website.

 

Comparing Plan G to Other Medigap Plans

Choosing the right Medigap plan can be challenging, especially with options like Plan F and Plan N available. Comparing these plans helps beneficiaries make informed decisions based on their specific healthcare needs and financial situations.

Here’s a comparison of Plan G with other popular Medigap plans.

 

Plan G vs. Plan F

Plan G and Plan F are often compared due to their comprehensive coverage. Plan G does not include the Part B deductible, unlike Plan F. Despite this, Plan G has historically experienced lower rate increases compared to Plan F, making it a more cost-effective option in the long run.

Since January 1, 2020, new Medicare beneficiaries cannot enroll in Plan F, making Plan G the best alternative for those seeking extensive coverage. With its lower rate increases and comprehensive benefits, Plan G offers excellent value for your premium dollar.

 

Plan G vs. Plan N

Comparing Plan G and Plan N reveals differences in coverage and cost-sharing. Plan G covers Medicare Part B excess charges, which Plan N does not. This makes Plan G a better choice for those who want to avoid unexpected medical costs.

However, the monthly premium for Plan N is generally lower due to its cost-sharing features. Plan N requires policyholders to pay copays for certain office visits and emergency services, which Plan G does not. For those who prefer lower premiums and are willing to manage some out-of-pocket expenses, Plan N might be a suitable option.

 

Cost Considerations for New Era Medicare Supplement Plan G

Cost Considerations for New Era Medicare Supplement Plan G

 

The cost of a New Era Medicare Supplement Plan G can vary based on several factors, including location, age, and lifestyle choices such as tobacco use. Additional factors like gender and marital status can also influence the premiums. Beneficiaries must understand these variables to make informed healthcare coverage decisions.

Monthly premiums for Medigap plans can differ significantly based on the provider and the specific plan selected. For Plan G, the only out-of-pocket expense aside from the premium is the annual Medicare Part B deductible. This makes it easier for policyholders to budget for their healthcare expenses, knowing that their costs are largely predictable.

While Plan G does not cover the Part B deductible, it offers comprehensive protection against other out-of-pocket costs, making it a valuable option for those looking to minimize unexpected medical expenses. Considering these factors can help beneficiaries select the best plan for their financial and healthcare needs.

 

Additional Benefits of Choosing New Era Life

Choosing New Era Life Insurance for your Medicare supplement needs comes with several additional benefits. For instance, Plan G includes coverage for foreign travel emergencies, a feature that Original Medicare does not extensively cover. This is a significant advantage for frequent travelers, ensuring protection even when abroad.

New Era Life Insurance is also recognized for its commitment to filling gaps left by traditional Medicare plans, ensuring that beneficiaries receive the comprehensive coverage they need. Their commitment to offering extra benefits and additional coverage makes New Era a preferred choice for many Medicare recipients.

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Summary

In summary, the New Era Medicare Supplement Plan G offers extensive coverage, predictable costs, and flexibility in choosing healthcare providers. Backed by the financial strength and excellent customer service of New Era Life Insurance, Plan G stands out as a reliable and comprehensive option for Medicare beneficiaries.

By understanding the key features and benefits of Plan G, as well as comparing it to other Medigap plans, you can make an informed decision that best suits your healthcare and financial needs. Consider the value and peace of mind that come with choosing a plan that prioritizes your well-being and financial security.

Frequently Asked Questions

What does Medicare Supplement Plan G cover?

Medicare Supplement Plan G covers co-pays and coinsurance for Medicare Part A and B, as well as skilled nursing, hospice care, and excess charges. This comprehensive coverage helps reduce out-of-pocket expenses for eligible services.

 

How does Plan G compare to Plan F?

Plan G is a suitable alternative to Plan F, not covering the Part B deductible but having a lower cost, whereas Plan F covers this deductible but is not available to new beneficiaries and costs more. Overall, Plan G may offer better value for those who are newly eligible for Medicare.

 

Can I visit any doctor with Plan G?

Yes, with Plan G, you can visit any doctor who accepts Medicare, providing you with flexibility in your healthcare choices. This ensures you receive care from the providers you prefer.

 

What factors affect the cost of Plan G?

The cost of Plan G is influenced by factors such as your location, age, tobacco use, gender, and lifestyle. Understanding these elements can help you make informed decisions about your coverage.

 

How do I enroll in New Era Medicare Supplement Plan G?

To enroll in New Era Medicare Supplement Plan G, ensure you are enrolled in Medicare Part A and B, and then you can complete your enrollment online or by calling New Era Life Insurance for assistance.

Speak to the Professionals about Medigap Plans and Original Medicare

If you find understanding the benefits involved with Original Medicare and Medigap Plans challenging, you’re not alone. Whether it’s a Medigap plan, or you want to know more about the New Era Medicare Supplement Plan G in 2025, we can help. Call our team at 1-888-891-0229 for a free consultation or complete the contact form on this site, and an expert will call you back at a convenient time.

We have decades of experience advising our clients on the complexities of Medicare and Medigap plans, the benefits, costs and deductibles. We’ll ensure you get the best rate in your state and advice you can trust.

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