Medigap Plan G is one of the ten Medigap insurance plans, and you can find it in most states. Medigap, also known as Medicare Supplement, can be used to supplement your Original Medicare coverage. It helps cover some of the medical costs Medicare Part A and Medicare Part B (Original Medicare) plans left behind. Medigap plans are purchased through Medicare-approved private insurance providers.
You must have Original Medicare before you can purchase a Medigap Plan G or any other type of Medicap plan. Here are some of the things you need to know about Medigap Plan G Florida.
What is a Medigap Plan G?
Medigap Plan G is a supplemental health insurance plan that is available to Medicare beneficiaries who are over the age of 65 or disabled and currently signed up for Medicare Part B. Medigap Plan G is the most comprehensive Medigap plan that is available to new Medicare beneficiaries to purchase. Since Medigap Plan G is a supplemental plan, it is not your main coverage but fills many gaps in Original Medicare.
Here’s how it works: when you receive medical treatment, Medicare will pay its portion first, then your Medicare Plan G can cover some of the costs left behind by Original Medicare.
What does Medigap Plan G Cover?
- Part B excess charges
- Part A hospital costs and coinsurance
- Limited foreign travel emergency medical care
- Part A hospice care
- Skilled Nursing Facility Care
- Part A deductible
- Part B copayment or coinsurance
- First 3 pints of blood for a medical procedure
- Part B preventive care coinsurance
Only Medigap Plan C and F cover Medicare Part B deductible. And those that became eligible for Medicare on January 1, 2020 can no longer purchase Plan C and F. However, if you already have these plans before they were discontinued, you can still continue to use them.
Medigap Plan G Cost
You can purchase Medigap Plan G from any private health insurance company that is licensed in Florida to sell Medigap coverage. Medigap Plans are standardized, so they will be the same irrespective of the private health insurance company you buy them from. However, costs and availability for this Medicare Supplement plan depend on where you live and how the Florida Medigap plans price their premiums.
What Makes Medigap Plan G a Great Option?
Not only does Medicare Supplement Plan G offer lower premiums than other Medicare Supplement plans like Plan F, but it also has a lower long-term rate. For instance, Medigap Plan G in recent years usually shows a rate increase of about 3 percent or less, depending on the provider. This is incredibly lower than the annual rate increases that Medicare Supplement Plan F offers. Overall, you will most likely save more money with Medigap Plan G over Medigap Plan F.
To learn more about Medigap Plan G Florida or get a quote for Medicare supplement plans in Florida, please call us on 561-279-3804. We at Medicare Health Experts look forward to assisting you in selecting the best plan.Medigap Plan G Florida
View Larger Map