There are 10 different Medicare supplement plans to choose from, but a select few are the talk of the town. Medicare Supplement plans F, G, and N account for over 80% of Medicare supplement plans sold.
What is Plan G?
Plan G is a Medicare Supplement Plan, so it covers additional costs leftover by Original Medicare coverage. Medicare Supplement plans cover items such as copayments, coinsurance, and deductibles. Each plan covers a set amount of these charges, with Plan G offering coverage on:
- Medicare Part A (Inpatient)
- Medicare Part B (Outpatient)
- Blood (First 3 Pints)
- Hospice Care
- Skilled Nursing Facility Care Coinsurance
- Part A Deductible
- Part B Excess Charges
What doesn’t Plan G cover?
Plan G does not offer coverage for your Medicare Part B deductible. Once you meet those costs, the plan will kick in and offer full coverage. Those costs can vary, with averages between $1,500 and $2000 per year.
Medicare Supplement plans generally do not offer coverage for drug costs, so any prescriptions would have to be paid for out of pocket.
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