Plan G is one of the supplemental insurances for your Medicare. By now you may have understood about the supplemental insurance plans! If not, let us brief you about the same. Supplemental insurance plans certainly provide coverage for healthcare expenses like copayments, deductibles, and coinsurance.
Supplemental insurance plans are also known as Medigap plans. Plan G is a major plan out of the total 10 Medigap Plans which is served to the fresh Medicare enrollees. Medicare Supplement Plan G is defined as an extensive insurance plan covering nearly all the out-of-pocket expenses on your Medicare.
After Plan f, Plan G is considered the second-most complete Medicare Supplement Plan offered and this is the primary reason why it is gaining so much popularity.
People Who Should Definitely Own Plan G
1) Those who appraise convenience as well as simplicity
Plan G helps to pay the premiums and some other expenses also. Most of the out-of-pocket expenses get covered under this plan.
2) Those who need the flexibility to visit a doctor with no extra charges
This is one of the two supplement plans which cover excess charges of Part B. Extra charge means for doctors who do not perform in the Medicare.
3) Those who often travel abroad
Plan G also provides 80% coverage for emergency health care expenses when you are in any other country.
Also Read: Medicare 101: Which Part Is Best For You?
Coverage Offered by Medigap Plan G
Plan G is also known as one of the most helpful Medicare supplement plans offered. Despite to achieve that peace of mind, one will have to pay relatively higher premiums than other available plans.
Plan G covers the following services:
- Abroad travel emergency- 80% (after the payment of $250 deductible)
- Part B surplus charges
- Part A deductible
- Skilled nursing service coinsurance (80 days)
- Part A hospice copayment or coinsurance
- Blood (first 3 pints)
- Part B coinsurance or copayment
- Part A Hospital coinsurance (for 365 days after Original Medicare benefits are used up)
Things You Should Know Before Enrolling in Plan G
- You cannot enroll in Plan G without signing up for Medicare Part A as well as Part B.
- The perfect time to sign up for Plan G is while the Medigap Open Enrollment period.
- Medigap Open Enrollment period is the 6 months after a person turns 65 years old and he/she enroll for Part B after being approved by the federal law to obtain plans
No wonder, Plan G is believed to be a full coverage policy, exclusively for the people who need peace of mind!!
Also Read: Everything About Medicare F Plans
Do you think Plan G is the right option for you? If yes, just call a licensed agent now and apply immediately!!!