If you are in the market for a high coverage plan that can save you lots of money, then Medicare Supplement Plan G 2018 may be just the plan for you. Out of the 10 different Medicare supplement plans, this one offers the most coverage at the fairest price.
How It Stacks Up
Plan F may give you more coverage and Plan N may cost less, but these are both plans with a little less value than Plan G. Plan F, by comparison, is incredibly expensive. It only offers a smidge more coverage too. Plan N will cost less than Plan N, but the extra coverage Plan G offers is attractive to a lot of people, as Plan N can leave you to pay some rather common expenses on your own.
Plan G covers you for lots of different medical expenses- all of them something different from what Medicare’s basic plan provides. That means there is no overlap between Plan G and the basic plan, so you have every reason to sign up for both if you need the coverage they offer. You must be signed up for the basic Medicare plan to be eligible for any supplement plan.
The cost of the plans varies from one insurance company to another, so saying that Plan G is a good deal won’t always be true. Some companies sell it for much higher prices than others, and you need to take time to compare the costs of the plan among different insurance companies to ensure that you are getting a good deal. The cost changes all the time, too, so you need to be aware of that.
You can keep up with rate changes by visiting quote comparison sites for Medicare supplement plans. These will provide you with accurate quotes for the plan you choose from several different insurance companies. The rates will be based on where you live, so if you move somewhere else, the rates are going to change.
What’s Covered by Plan G?
Before you decide on any of the supplemental plans, you need to know what kind of coverage you are getting. Plan G comes with tons of coverage, taking care of most supplemental expenses. In fact, it covers all of them except for the Medicare Part B deductible. Only one plan, Plan F, will cover that expense for you.
Let’s look now at what you do get coverage for, though, with this plan. You may be glad to know that you will receive coverage for the most common medical expenses that Medicare’s basic plan does not cover. That includes the Medicare Part A deductible (see, it doesn’t leave you out to dry on all the deductibles) and the copayments for both Medicare parts A and B. It also covers you for the Medicare Part B excess charges as well as for some additional blood that’s not covered by the basic Medicare plan. You will be covered for coinsurance for nursing care and for some foreign travel exchange costs. Medicare Supplement Plan G 2018 will also cover you for 365 additional days of hospital expenses costs beyond the base coverage provided by the standard Medicare plan.