Find out more about Medicare Supplement Plan G in Illinois and lower your Medicare Part A and Part B out of pocket expenses.
What is Medicare Supplement Plan G in Illinois?
More than 780,000 people in the state have a Medigap plan – and over 160,000 of them have coverage with Medicare Supplement Plan G in Illinois. In fact, Medigap Plan G is quickly becoming the most popular of all Medicare Supplement insurance plans available for new Medicare enrollees in 2021.
Here’s why Medigap Plan G is so popular:
- For people new to Medicare as of January 1, 2020, Medicare Plan G provides the highest level of benefits of all Medicare Supplement plans.
- Plan G coverage covers your out of pocket costs for the Medicare approved amounts for medical expenses, including medical services and medical equipment.
- Medicare Supplement Plan G in Illinois pays coinsurance and copayments not covered by Original Medicare benefits, apart from the Medicare Part B deductible.
- Medicare Part G covers more expenses like your Medicare Part B excess charges, blood (up to three pints), and up to 50 000 in foreign travel emergency benefits.
- The Medicare Supplement Plan G high deductible plan gives you option for lower monthly premiums.
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 Illinois.
But here’s what 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
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 Illinois.
What is the Plan G Deductible in 2021?
The deductible is $203.00 in 2021.
What is the Monthly Premium for Medicare Supplement Plan G in Illionois?
Your monthly Medicare Supplement Plan G rates depend on where you live, what is included in the plan, who your insurance company is, and how the insurance agent rates premiums.
In the Illinois 60601 zip code service area, a 65-year-old female who does not use tobacco products would have the following monthly premium options:
- For Medicare Plan G with the Medicare Part B deductible, you can compare the rates for eight companies and get an average cost of 143.56 per month.
- For Medicare Part G plan with high deductible with out of pocket expenses of $2370.00 for the annual deductible: Four insurance companies offer this plan. The Medicare Supplement plan quotes average $50.50 per month.
You may have to add in the expenses for your Medicare Part B premium if your insurer does not include it.
Your final premium cost depends on how your insurance company rates its premiums. Here are the three different types of ratings:
- Community-rated: Every Medicare beneficiary pays the same premium for Plan G. The amount is not dependent on age and increases only for inflation or other reasons.
- Issue-age-rated: Your premium depends on your age when you enroll. Medicare Plan G rates are lower if you are younger. Premiums do not increase with age but may increase with inflation or other factors.
- Attained-age-rated:Your Medicare Supplement insurance plan premium is based on your attained age. Premiums increase with age, inflation, and other factors.
When can I enroll in Medicare Supplement Plan G?
1. When you are 65
If you are turning 65 and plan to enroll in Medicare Part B, you can also enroll in a Medigap plan. Enrolling during your six-month Open Enrollment Period (OEP) means you avoid penalties and insurance underwriting.
2. After age 65
If you have insurance through your employer, you don’t have to enroll in Medicare at age 65. When you enroll in Medicare Part B later, your OEP begins then, and you can enroll in Medigap.
3. If you switch back to Original Medicare from a Medicare Advantage plan
During your first year of coverage, you can switch back to Original Medicare from a Medicare Advantage plan at any time. When you do, you can enroll in Medigap.
The Annual Election Period (AEP) does not include Medigap enrollment. You can enroll in Medicare Advantage with or without prescription drug coverage, or purchase a stand-alone Medicare Part D drug plan during AEP.
What Is the Difference Between Plan G and Plan G With a High Deductible?
In Illinois you can choose the standard or high deductible Plan G and get the same coverage, but with a difference in the monthly premiums and your deductibles.
- For the standard Medicare Plan G, you pay the Medicare Part B deductible of $203.00 (in 2021).
- For Medicare Plan G with high deductible you pay the annual deductible of $2370.00 (as of 2021). Monthly premiums for the high deductible plan are lower than the standard plan.
What is the Best Medicare Supplement Plan G in Illinois?
Because Medigap policies are standardized according to the policy letter, the difference is only in the price that the insurance agency charges.
To choose the best provider, consider these characteristics:
- Customer service: Be confident that who you are speaking to can give you the assistance you need.
- Size matters: Choose an insurance company that has long-term stability and a large customer base.
- Financial strength: You can count on a company with strong assets when it comes to paying their claims.
Here are some Medicare Supplement insurance companies that we recommend:
- Aetna rated 4.0
- Mutual of Omaha rated 4.0
- Cigna rated 4.0
- Florida Blue Cross Blue Shield (for Florida Residents)
Which is better, Plan F or Plan G?
How are Plan F and Plan G Different?
Medicare Supplement Plan F has the most coverage of all 10 Medigap plans A, B, C, D, F, G, K, L, M, and N for people who are newly eligible to Medicare as of January 1, 2020, because it pays the Part B deductible amount of $203.00 (as of 2021). Plan G does not have this benefit.
Is Plan G Cheaper than Plan F in Illinois?
For a Medicare Supplement insurance Plan G in Illinois, the average premium is $143.56. Adding in the annual Part B deductible, the total monthly expense is approximately $160.00.
When you compare the premiums, monthly rates for Plan F vary across the state, but the average for the United States is $181.00.
Which should I choose?
You can sign up for Plan F if you had eligibility for Medicare benefits before January 1, 2020, but didn’t enroll then. For newly eligible beneficiaries, Medicare Supplement insurance Plan G in Illinois has the highest benefit level of any of the 10 Medicare Supplement plans.
If both plan options are open to you, compare the costs by doing some math to determine which insurance plan is more economical.
What is the Most Popular Medicare Supplement Plan in Illinois for 2021?
Medicare Supplement Plan G in Illinois is becoming more and more popular with people newly eligible for Medicare health insurance coverage under the Federal Medicare Program.
- Medicare Supplement Plan G covers the highest level of benefits for new Medicare enrollees.
- Medicare Plan G gives beneficiaries higher value when comparing the benefits with cost.
- Medicare Supplement Plan G in Illinois has no network limitations. You can see any doctor in the country who accepts Medicare assignment. And Plan G pays for Part B excess charges if the doctor does not accept Medicare.
- Plan G covers all Medicare Part A and Part B gaps apart from the Part B deductible, making it a more comprehensive plan.
- Plan G has Guaranteed Acceptance Coverage, so you have no insurer underwriting when you enroll during your Open Enrollment Period.
Frequently Asked Questions about Medigap Plan G
Full Medicare Supplement Plan G Benefits Chart
Does Plan G cover prescription drugs?
Plan G does not cover prescription drugs. Your insurance agent can sell you a Medicare Part D prescription drug plan separately.
Does Plan G cover the Medicare Part B Deductible?
No, Plan G does not cover the Original Medicare Part B deductible.
Does Plan G cover Medicare Part B Excess Charges?
Yes, Plan G covers Medicare Part B excess charges.
Does Plan G cover the Medicare Part A Deductible?
Yes, Plan G covers the Medicare Part A deductible.
Is Plan G worth it?
Medicare Supplement insurance Plan G in Illinois offers beneficiaries new to Medicare the highest level of coverage.
What is the difference between Plan G and N in Illinois?
Plan N covers Medicare Part A deductible, inpatient copays, and coinsurances. However, beneficiaries pay copays of $50.00 before coverage kicks in. Plan N does not include coverage for Part B copays.
Does Plan G cover dental?
Some Medigap insurance providers have plan options for dental care, that they sell separately.
What is Medicare Part G?
Medigap Plan G is one of 10 Medicare Supplement insurance plans that cover Medicare Part A coinsurance, Medicare Part A deductible, Medicare Part B coinsurance, plan limits for foreign travel, Part B excess charges, and other benefits.
Does Plan G cover Silver Sneakers?
Some insurance providers have plan options for Silver Sneakers or other fitness club memberships.
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.