What is Medicare Supplement Plan G in Georgia"?
In 2018, more than 2 million Americans were enrolled in Medicare Supplement Plan G. In Georgia, there were nearly 370,000 lives covered by Medigap, and more than 90,000 selected Plan G. Medigap Plan F was the most popular plan at that time, but Plan G is rapidly taking over due to eligibility restrictions for Plan F.
Medicare Supplement insurance offers benefits that apply after Medicare Part A and Part B cover claims up to plan limits. Beneficiaries pay a monthly premium and allow their supplemental plan to pay for copays and other expenses that would otherwise require out of pocket payment.
Medicare Supplement insurance Plan G in Georgia is the most comprehensive Medigap plan available to beneficiaries eligible for Medicare on or after January 1, 2020. It includes foreign travel medical services up to an approved amount plus Medicare Part A coinsurance, Medicare Part B coinsurance, and the deductible for Medicare Part A.
Medicare.gov offers a brief introduction to Medigap and Medicare Advantage plans for beneficiaries interested in learning the difference.
What Does Medicare Supplement Plan G Cover?
Original Medicare pays for a lot when it comes to your healthcare. On top of the Medicare-approved amounts that are covered by the Federal Medicare program in the United States, you can enjoy having these additional Medicare benefits covered if you sign up for Medicare Supplement Plan G in Georgia.
Medigap Plan G will cover:
· Initial pints of blood
· Medicare Part A deductible
· Medicare Part A hospital costs
· Part A expenses
· Part A hospice care coinsurance
· Skilled nursing facility care
Plan G benefits also pay these Medicare Part B costs:
· Charges over the amount Medicare allows – “Part B Excess Charges”
· Durable medical equipment
· Foreign travel emergency care (lifetime plan limits apply)
· Medicare Part B coinsurance and copays
Be advised that the Part B deductible will not be covered by Medigap Plan G in Georgia.
What is the Plan G Deductible in 2021?
There is no deductible for Medicare Plan G unless you select the high deductible plan. You do need to pay the Medicare Part B deductible out of pocket. For 2021, that deductible is $203.
What is the Monthly Premium for Medicare Supplement Plan G in Georgia?
What you pay for Medigap Plan G depends on your location, age, gender, and other personal factors. Quotes are typically reasonable for the benefits offered, including up to $50,000 in foreign travel emergency benefits.
As an example, we ran quotes for a 65-year-old female nonsmoker living in Georgia zip code 30003. The resulting rates for Plan G coverage in 2021 were as follows:
- Monthly Premium Range – $111.75 – $139.82
- Average Monthly Premium – $128
There are three methods an insurance agency may use to determine Medicare Supplement Plan G rates:
- Community Rating – All beneficiaries enrolled in a plan receive the same rate regardless of age and other personal factors.
- Issue Age Rating – Each Medicare beneficiary receives a rate based on their age at the time of enrollment in the supplemental plan.
- Attained Age Rating – Each Medicare beneficiary receives a rate based on their current age each year. Monthly premiums go up with time.
When can I enroll in Medicare Supplement Plan G?
The best time to enroll in Medicare Supplement insurance Plan G in Georgia is within six months of signing up for Medicare Part B. Your Medigap Open Enrollment Period lasts for six months, starting the month that you are 65 and sign up for Original Medicare.
During that Open Enrollment Period, you benefit from the following guaranteed issue rights:
- Guaranteed Acceptance – The insurer is required to accept your application into the Medigap plan of your choice.
- No Medical Underwriting – Your current medical condition and pre-existing conditions will not impact your rate.
- Guaranteed Continuance – The insurance company cannot cancel your policy as long as you live in the plan’s service area and pay your monthly premiums as scheduled.
If you don’t enroll in Medicare Supplement insurance Plan G in Georgia during your Open Enrollment Period, you may qualify for a special enrollment period with those guaranteed issue rights at a later date. For instance, you might receive a special guaranteed enrollment period if you lose medical insurance from your employer.
What Is the Difference Between Plan G and Plan G With a High Deductible?
Medigap Plan G allows immediate access to all benefits without a deductible. The high deductible plan requires the beneficiary to pay the full deductible amount prior to using the benefits.
High-deductible Plan G offers substantially lower monthly premiums but requires more out of pocket expenses at least for the first part of each year. A comparison of plan options should include the difference between the high deductible and the cost of higher plan premiums for a year. Beneficiaries must also pay the Medicare Part B premium and deductible out of pocket plus the cost of a prescription drug plan.
What is the Best Medicare Supplement Plan G in Georgia?
The federal government has standardized Medicare Supplement Plan G in Georgia. Every beneficiary receives the same coverage regardless of the insurer. Insurance companies can’t add Medicare benefits, so they must compete through Medicare Plan G rates.
There are three factors to consider when you compare Medicare Supplement plan quotes from the leading Medicare Supplement insurance companies:
- Financial strength
- Long-term stability
- Excellence in customer service
Our Policy Guides take those factors into consideration when recommending insurers for Medicare Plan G and other plans. There are a few insurance companies that we recommend for Medicare beneficiaries interested in supplemental insurance. They’re listed below along with their A.M. Best rating to indicate financial strength.
- Mutual of Omaha – A+ (Superior)
- Cigna – A (Excellent)
- Aetna – A (Excellent)
Which is better, Plan F or Plan G?
How are Plan F and Plan G Different?
Medigap Plan G is slightly less comprehensive than Plan F. Both Medicare Supplement insurance plans offer more comprehensive benefits than any other plan, but Plan G doesn’t include the Medicare Part B deductible.
Is Plan G Cheaper than Plan F in Georgia?
Medigap Plan G is less expensive than Plan F. Keep in mind that you will also need to pay the Part B deductible out of pocket if you’re eligible for both plans and select Plan G. Both plans also require you to pay for prescription drug coverage separately.
Which should I choose?
If you signed up for Medicare Part B before January 2020, our Policy Guides can help you compare costs for both plans. If you’re more worried about simplifying your health insurance than minimizing the monthly premium, Plan F is the best option.
You aren’t eligible for Medigap Plan F if you enrolled in Original Medicare after December 2019. Plan G is your best option for a comprehensive supplemental insurance plan.
What is the Most Popular Medicare Supplement Plan in Georgia for 2021?
The most popular Medigap plan is Medicare Supplement insurance Plan G in Georgia. Plan F was the most popular option prior to 2020, but Plan G is taking over now that there are eligibility limitations for Plan F.
There are five reasons a Medicare beneficiary may select Plan G:
- No eligibility restrictions.
- Complete coverage that fills all but one Original Medicare gap.
- No network restrictions to limit access to medical services or medical equipment.
- Beneficiaries are guaranteed acceptance for six months after signing up for Medicare Part B.
- Includes emergency medical coverage when traveling abroad.
Frequently Asked Questions about Medigap Plan G
Full Medicare Supplement Plan G Benefits Chart
Does Plan G cover prescription drugs?
Prescription drug coverage is not included in Medicare Plan G. You can sign up for a drug plan through Medicare Part D.
Does Plan G cover the Medicare Part B Deductible?
The Medicare Part B deductible is not included in Medicare Supplement Plan G.
Does Plan G cover Medicare Part B Excess Charges?
Medicare Supplement Plan G covers Medicare Plan B excess charges. That’s one area that sets Plan G apart from Plan N.
Does Plan G cover the Medicare Part A Deductible?
Medicare Plan G does cover the Medicare Part A deductible along with Medicare Part A coinsurance.
Is Plan G worth it?
Medicare Plan G is the most comprehensive Medigap health insurance option. It’s worth the monthly premium if you don’t want to track multiple out of pocket expenses throughout the year. It may also save you money over paying those out of pocket costs.
What is the difference between Plan G and N in Georgia?
Plan N is slightly less comprehensive than Medicare Supplement insurance Plan G in Georgia. Plan N doesn’t cover Medicare Part B excess charges or the Part B deductible. Plan N also requires copays for doctors visits and ER visits. The Plan G insurance plan will cover the excess charges, does not require copays, but also leaves out the Part B deductible.
Does Plan G cover dental?
Dental insurance is not included in Medigap Plan G.
What is Medicare Part G?
There is no Medicare Part G.
Medicare uses the term “part” to refer to pieces of the Original Medicare policy. Medigap plan options weren’t a part of the original policy, so they’re referred to as “plans.” Some people still refer to Medicare Part G when talking about Plan G.
Does Plan G cover Silver Sneakers?
Medigap Plan G will not pay the fee for Silver Sneakers.
Ready to learn more?
My Medigap Plans is a rapidly growing resource for Medicare beneficiaries. We specialize in educating consumers on their options and guiding them through the process of plan selection. We work closely with some of the nations top rated carriers such as Aetna, Cigna and Mutual of Omaha. Compare our list of the 10 Best Medicare Supplement Insurance Companies or take a deeper look at the plans by reviewing our Medicare Supplement Plans Comparison Chart. Learn more or about Medicare Part D Prescription Drug plans, or request a Medicare Supplement Plan Quote.