If you’re eligible for Medicare benefits and wondering how to lower out of pocket costs, a Medicare Supplement Plan G in Maryland might be your best option. Here’s a look at what Medicare Plan G offers.
What is Medicare Supplement Plan G in Maryland?
There are 10 standardized Medicare Supplement insurance plans (A, B, C, D, F, G, K, L, M, and N) which are sold by private insurance companies to beneficiaries who meet Federal Medicare Program eligibility requirements for coverage.
Medicare Supplement Plan G in Maryland covers 43,431 lives out of the 243,175 total lives covered by any Medicare Supplement insurance. In fact, it’s rapidly becoming the most popular Medicare Supplement plan. Here’s why:
- Medigap Plan G has the highest level of benefits, of the 10 policies, offered to new Medicare enrollees (as of January 1, 2020).
- Medicare Supplement insurance Plan G in Maryland covers all out of pocket expenses left by Medicare Part A and Part B, except for the Medicare Part B deductible. Coverage is more comprehensive, and beneficiaries pay no Medicare copays or coinsurances.
- Plan G coverage also includes Medicare Part B Excess Charges and up to 50 000 in foreign travel emergency benefits.
- Medigap Plan G with a high deductible option has 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 Maryland.
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
Medicare Supplement Insurance 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 Maryland.
What is the Plan G Deductible in 2021?
The annual deductible for the standard Plan G is $203.00 in 2021. This is the Medicare Part B deductible. If you choose Plan G with high deductible plan options, you are also responsible for the annual out of pocket deductible of $2370.00. After meeting this, you are eligible for 100 percent coverage for the rest of the calendar year.
What is the Monthly Premium for Medicare Supplement Plan G in Maryland?
In Montgomery County, Maryland, a 65-year-old non-smoking female can compare costs and choose between five Medicare Supplement plan quotes for the standard Medigap Plan G, and five for the high deductible Medigap Plan G.
On average, Medicare Supplement Plan G rates are $156.17 for the standard plan and $45.84 for the high deductible Medigap Plan G.
Your final monthly cost for a Medicare Supplement Insurance Plan G in Maryland depends on where you live, which insurance plan you choose, and which of the following three ways the insurer determines the premium rate:
- Community-rated: Premiums to not depend on age and all plan beneficiaries pay the same rate.
- Issue-age-rated: Your monthly premium is based on your age at the time you purchase the plan.
- Attained-age-rated: Your monthly premiums are based on your current age and increase as you get older.
When can I enroll in Medicare Supplement Plan G?
- At 65The best time to enroll in a Medicare Supplement plan is during your Open Enrollment Period (OEP). This six-month period begins the month of your 65th birthday, and only if you have enrolled in Medicare benefits, Part B. By enrolling during your OEP, you avoid insurance underwriting and paying a higher premium.
- After 65 with employer coverageIf you are older than 65 but have group health insurance, you can put off becoming a Medicare beneficiary until your coverage ends. When it does, you can enroll in Medicare without penalty and your OEP begins then.
- Switching from Medicare Advantage back to Original MedicareDuring the initial 12 month period after enrolling in a Medicare Advantage plan, you have the right to return to Original Medicare. At the time you switch back, you can enroll in a Medigap plan without underwriting or penalty.
The Medicare Annual Election Period (AEP) does not apply to the purchase of Medicare Supplement plans. During the AEP you can only enroll in a Medicare Advantage plan or a Medicare Part D prescription drug plan.
What Is the Difference Between Plan G and Plan G With a High Deductible?
Both the standard and the high-deductible Medicare Plan G provide the same benefits, but the difference is in the deductible amount you pay out-of-pocket.
For the Medicare Supplement Plan G in Maryland with the high deductible plan provision, you are responsible for paying an annual out of pocket deductible as well as the annual deductible for Medicare Part B.
As of 2021, the annual out of pocket deductible is $2370.00, and the Part B deductible is $203.00. When the beneficiary meets these deductibles, the plan begins paying 100 percent of the approved amount set by Original Medicare for medical expenses, medical services, and rental of medical equipment.
Also, Medicare Plan G rates do not include your monthly Medicare Part B premium.
What is the Best Medicare Supplement Plan G in Maryland?
All Medicare Supplement insurance companies offering plans in your service area must provide standardized plans. The benefits are the same, but each insurance agency determines its own price. Consider these factors when choosing your plan provider:
- Customer service: It’s important to have support from your insurance agent when you need it.
- Size matters: The company you choose should have long-term stability.
- Financial strength:A company must have assets and the ability to cover your claims.
Our company recommends the following four health insurance providers for Medigap plans:
- Aetna rated 4.0
- Mutual of Omaha rated 4.0
- Cigna rated 4.0
- Florida Blue Cross Blue Shield Florida residents only
Which is better, Plan F or Plan G?
How are Medicare Part G and Part F different?
In comparison, both Medicare Plan G and Plan F cover the same benefits. For example:
- Medicare Part A coinsurance and copayments
- Medicare Part B coinsurance and copayments
- First three pints of blood
- Skilled nursing facility and hospice care
- Foreign travel up to plan limits
- Part B excess charges
However, Plan F also pays for the Medicare Part B deductible, whereas Plan G doesn’t.
Is Plan G Cheaper than Plan F in Maryland?
- The national average cost for a Plan F monthly premium is between $130.00 and $230.00
- In Maryland, Medicare Part G premiums average between $45.84 and 156.17.
- With Medicare Plan G, you must also pay the Medicare Part B deductible which is $203.00 in 2021.
Which should I choose?
If you were new to Medicare before January 1, 2020, you have the option to choose either plan. If your savings in monthly premium costs outweigh the cost of the Part B deductible, Plan G may be worth it, but do some calculating before deciding.
However, for those who become newly eligible for Medicare benefits after January 1, 2020, Plan F is no longer available. In this case, Plan G is the highest level of benefits available through a Medicare Supplement plan.
What is the Most Popular Medicare Supplement Plan in Maryland for 2021?
Medicare Supplement Plan G in Maryland is by far the most popular Medigap plan for these five reasons:
- Plan G provides the best level of coverage for new Medicare enrollees.
- Plan G offers great value when you compare your benefits received versus the cost of the plan.
- Medicare Supplement Plan G covers medical care with any physician in the country who accepts Medicare assignment. There are no network limitations, and Plan G also pays Part B excess charges if the doctor you use doesn’t accept Medicare assignment.
- Medigap Plan G fills in all the gaps left by Original Medicare benefits – both Part A and B, apart from the Part B deductible.
- All Medigap plans have Guaranteed Acceptance Coverage when you enroll during your Initial Enrollment Period as a new Medicare recipient. There are no questions asked about health issues.
Frequently Asked Questions about Medigap Plan G
Full Medicare Supplement Plan G Benefits Chart
Does Plan G cover prescription drugs?
No, Medigap plans do not include prescription drug coverage.
Does Plan G cover the Medicare Part B Deductible?
No, Plan G does not cover the Medicare Part B deductible. In 2021, this amount is $203.00.
Does Plan G cover Medicare Part B Excess Charges?
Yes, Plan G covers 100 percent of any Part B excess charges.
Does Plan G cover the Medicare Part A Deductible?
Yes, Plan G pays 100 percent of the Medicare Part A deductible.
Is Plan G worth it?
Medicare Part G has the highest benefit level of all 10 standard Medigap plans that are available for new Medicare enrollees after January 1, 2020.
What is the difference between Plan G and N in Maryland?
While coverage is similar, Plan N does not cover Part B excess charges as Plan G does. Also, Plan N pays 100 percent of the Part B coinsurance apart from copayments up to $20.00 for certain office visits and up to $50.00 copayments for emergency room visits that do not result in admission as an inpatient.
Does Plan G cover dental?
No, none of the Medigap plan options include routine dental care services.
What is Medicare Part G?
Medicare Supplement Part G is one of 10 standardized Medigap plans that help fill in “gaps” left by Original Medicare coverage.
Does Plan G cover Silver Sneakers?
Fitness club memberships are not included in Medigap plan coverage.
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.