Best Medicare Supplement Plan G Companies in 2024 - NerdWallet (2024)

FAQs

Best Medicare Supplement Plan G Companies in 2024 - NerdWallet? ›

1 - Plans F and G also have a high deductible option which require first paying a plan deductible of $2,800 (in 2024) before the plan begins to pay. Once the plan deductible is met, the plan pays 100% of covered services for the rest of the calendar year.

1 - Plans F and G also have a high deductible option which require first paying a plan deductible of $2,800 (in 2024) before the plan begins to pay. Once the plan deductible is met, the plan pays 100% of covered services for the rest of the calendar year.

Medicare Plan G is not going away. There is a lot of confusion surrounding which Medigap plans are going away and which are still available. Rest assured that Plan G isn't going away. You can keep your plan.

Plan G doesn't cover dental, vision, hearing exams or services, or prescription drug services. Medicare Advantage plans may include these benefits on top of health insurance, but Medigap plans do not.

It also covers outpatient medical services such as doctor visits, lab work, diabetes supplies, cancer treatment, surgeries, and more. All Plan G products must provide you with the same coverage regardless of the carrier. Plan G does not cover the Part B deductible or any service that Medicare does not cover.

Plan F, Plan G and Plan N are the most popular types of Medicare Supplement plans. Medicare Supplement Plan F is the most comprehensive Medigap option available, providing beneficiaries with 100% coverage of Medicare-covered medical expenses after Original Medicare pays its portion.

Plan G is more expensive than some other Medigap plans, costing an average of $148 per month. But the extra cost can be worth it since Plan G will pay for nearly all of your medical costs, except your Part B deductible.

You might consider a Medicare Supplement (Medigap) plan to bolster your basic Part B coverage. Plan G, for example, covers all cataract surgery costs, save for your Part B deductible and Medigap premium payments.

Plan G doesn't cover routine dental care. This means you'll either have to enroll in a stand-alone dental plan, pay for your dental visits out of pocket, or choose to enroll in a Medicare Advantage plan that may include your Part A, Part B, and additional benefits, such as dental care.

Plan G is almost identical to Plan F, with only one exception. That exception is that Plan G does not cover the Medicare Part B deductible. For 2024, the Medicare Part B deductible is $240/year. All other benefits are identical to Plan F.

Why do people choose Medigap over Medicare Advantage? ›

The biggest difference between Medigap and Medicare Advantage is that with a Medigap plan, you have the freedom to see any doctor that accepts Medicare, whereas with Medicare Advantage, you must get care within the plan's network of doctors and hospitals unless it's an urgent or emergency situation.

On average, most Medicare Plan G premiums will be between $100-$200 per month. Medigap policies may set prices in three ways: Community-rated. Everyone who purchases this plan will pay the same monthly premium.

Plan G covers 100% of the Medicare Part A and Part B co-pays and coinsurance, those gaps and holes that Medicare doesn't cover. Plan G covers Skilled Nursing and rehab facility stays and also Hospice care. You also won't have to worry about any balance billing, known as excess charges.

Once the plan deductible is met, the plan pays 100% of covered services for the rest of the calendar year. High deductible plan G does not cover the Medicare Part B deductible. However, high deductible F and G count your payment of the Medicare Part B deductible toward meeting the plan deductible.

Do Medicare Supplement Plans have an out-of-pocket maximum? The out-of-pocket maximum for Plan G is equal to the Medicare Part B deductible ($226 for 2023). The out-of-pocket maximum for Plan N is the Part B deductible plus office/ emergency room copays.

What is the best Medicare Advantage plan? Humana has the best Medicare Advantage plans in 2024 for most people because of its high ratings, good benefits and plans with no monthly cost. AARP/UnitedHealthcare is a good choice for its extra benefits, and Kaiser Permanente stands out for its outstanding customer service.