Medigap Plan G
Plan G is one of the 10 standardized medicare supplement plans that is available in most states (these states may have different options available: Massachusetts, Minnesota, and Wisconsin have different options).
Plan G has quickly become one of the most popular plans along with Plan F. Its wide popularity comes from the fact that many insurance companies have priced it more affordably than Plan F, while the plan still provides great value. Plan F and G are highly similar in benefit design.
- The enrollment in Plan G, which covers all Medicare deductible and coinsurance amounts except the Part B deductible, increased by 28 percent from 2014 to 2015, or by 198,000 enrollees.1
- Between December 2014 and December 2015, enrollment in Medigap increased to 11.8 million, up from approximately 11.2 million in December 2014.1
|Standard Medicare Supplement Insurance benefits||Plan G|
|Medicare Part A co-insurance and hospital costs||✓|
|Medicare Part B co-insurance or co-payment||✓|
|First 3 pints of blood||✓|
|Part A hospice care co-insurance or co-payment||✓|
|Co-insurance for skilled nursing facility||✓|
|Medicare Part A deductible||✓|
|Medicare Part B deductible|
|Medicare Part B excess charges||✓|
|Foreign travel emergency||✓|
Plan G vs. other Medigap plan options
Check out this side-by-side comparison of how Plan G stacks up against other medigap plans.
|Medicare Supplement Benefits||A||B||C||D||F1||G||K2||L3||M||N4|
|Part A co-insurance and hospital costs||✓||✓||✓||✓||✓||✓||✓||✓||✓||✓|
|Part B co-insurance or co-payment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|First 3 pints of blood||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Part A hospice care co-insurance or co-payment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Co-insurance for skilled nursing facility||✓||✓||✓||✓||50%||75%||✓||✓|
|Medicare Part A deductible||✓||✓||✓||✓||✓||50%||75%||50%||✓|
|MedicarePart B deductible||✓||✓|
|Medicare Part B excess charges||✓||✓|
|Foreign travel emergency||80%||80%||80%||80%||80%||80%|
|1. Plan F offers a high-deductible plan. This plan requires you to pay a $2,300 deductible in 2019 before it covers anything.
2. Plan K has an out-of-pocket yearly limit of $5,560 in 2019. After you pay the out-of-pocket yearly limit and yearly Part B deductible, it pays 100% of covered services for the rest of the calendar year.
3. Plan L has an out-of-pocket yearly limit of $2,780 in 2019. After you pay the out-of-pocket yearly limit and yearly Part B deductible, it pays 100% of covered services for the rest of the calendar year.
4. Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don’t result in an inpatient admission.