Medigap Plan G

Seniors laughing and having a good time as they discuss Medigap Plan G.

Medigap Plan G offers the second-best coverage in the Medicare Supplement market. When we say Medicare Supplement, please remember that term is synonymous with Medigap. Due to changes passed under the Medicare Access and CHIP Reauthorization Act of 2015 or “MACRA”. Medigap Plan G has become the most popular Medicare Supplement plan currently available.

Plans F and C were made unavailable to people becoming eligible for Medicare after January 1st, 2020. Since these plans are no longer available to new Medicare beneficiaries the best coverage option has become Plan G. However, there are other factors to consider besides comprehensiveness of coverage when picking a Medicare Supplement.

What does Medigap Plan G cover?

Medicare Supplement Plan G covers almost every out-of-pocket expense left behind by Traditional Medicare, including:
  • Medicare Part A copays can be very serious if left uncovered
  • Medicare Part B coinsurance, this is the 20% unlimited out of pocket that makes Medigap most necessary
  • First three pints of blood used in an approved medical procedure
  • Skilled Nursing Facility daily copay
  • Medicare Part A Deductible
  • Medicare Part B Excess Charges
  • Foreign Travel Emergency

The only thing it does not cover is Medicare Part B’s deductible.

Seniors enjoying time on the couch as they discuss Medigap Plan G.
A lot of people mistakenly think Medicare Supplement Plan G has a deductible.

Medicare Plan G deductible

A lot of people mistakenly think Medicare Supplement Plan G has a deductible. Actually, the deductible you are paying is the Medicare Part B deductible, which is $203 in 2021. After that deductible, Medigap Plan G covers all remaining expenses associated with Medicare Parts A and B.

If you can find a Plan G for a substantially lower premium than Plan F in your area, it might make more sense financially to choose Plan G. This is because Part B’s deductible is only paid once annually. So, if your monthly premium for Plan G is more than $17 less expensive than Plan F, you will be saving money. We utilize a tool with market analytics data and updated rates from each Department of Insurance filings from all Medicare Supplement carriers to tell us who has the best rate as well as the most stable rate history when shopping these plans.

Does Plan F or Plan G offer more coverage?

Technically, both plans offer the same amount of coverage. The only difference between these two popular Medicare Supplements is that with the Plan G you pay the Medicare Part B deductible once per year. However, because Medigap Plan G has a lower monthly premium and lower statistical rate increases, you may actually save a decent amount of money over the years utilizing this still very comprehensive option.

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