Medicare Supplement Plan G in Michigan is designed to help seniors pay medical expenses that Medicare doesn’t cover. Deductibles, medical equipment, foreign travel emergencies, and other out of pocket costs related to medical services can mount up quickly. Medicare Supplement Plan G in Michigan eliminates the worry that your health care costs will spiral out of control.
What is Medicare Supplement plan G in Michigan?
There are 10 plan options to consider when choosing among Medicare Supplement insurance plans. Medicare Supplement Plan G in Michigan is an attractive plan for several reasons:
- Covers the expected (such as coinsurance) as well as the unexpected (up to 50 000 in foreign travel emergency benefits up to plan limits)
- Except for the Part B deductible, covers the out of pocket expenses left in Medicare’s coverage gap
- Offers the most extensive coverage for seniors new to Medicare after Jan. 1, 2020
- > 2 million: Number who receive Medicare benefits
- 51%: Michigan residents who chose Original Medicare
- 49%: Seniors who have a Medicare Advantage plan
- 429,663: Medicare beneficiaries who have Medicare Supplement insurance plans
- 85,583: Number opting for Medicare Plan G
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 Michigan.
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 Michigan.
What is the Plan G Deductible in 2021?
A deductible is not required under Medicare Plan G. You do, however, have to pay the Medicare Part B deductible, which is $203 in 2021.
What is the Monthly Premium for Medicare Supplement Plan G in Michigan?
Medicare Supplement plan quotes vary between carriers based on how they handle age when calculating premiums. There are three options:
- Under Community-Rated, age doesn’t matter. Everyone pays the same for Medicare Supplement insurance Plan G in Michigan.
- With Issue Age, your age when you enroll is the determining factor.
- Using Attained Age (current age), your premiums will increase as you age.
In addition to pricing method, health insurance providers consider location, gender, and other health criteria. Here is a sample of Medicare Plan G rates for a female, nonsmoker, age 65:
- Ann Arbor 48106 $131.18 $115.44-$154.74
- Cheboygan 49721 $119.52 $97.43-$154.74
When can I enroll in Medicare Supplement Plan G?
The federal Medicare program has established a six-month Open Enrollment Period for seniors wanting to enroll in a supplemental insurance plan. Open enrollment is the best time to join Medigap Plan G because you’re protected by guaranteed-issue rights. Under guaranteed issue, Medicare Supplement insurance companies:
- Must accept your application
- Can’t charge higher Medicare Supplement Plan G rates based on your health condition
- Aren’t allowed to ask you health questions
The OEP starts when you’re both at least 65 and have enrolled in Medicare Part B. If you apply outside of the OEP, you’re likely to be subject to underwriting. There are, however, a few circumstances that qualify for guaranteed issue even though you’re outside of the OEP enrollment window:
- You lose your Medicare Advantage Plan
- You move out of the plan’s service area
- Your employer group coverage ends
We can provide more information on special enrollment situations and discover whether you’re eligible for guaranteed issue. If you qualify, you have 63 days to apply for Medicare Supplement insurance Plan G in Michigan
What Is the Difference Between Plan G and Plan G With a High Deductible?
Except for having to pay a deductible with the high deductible Plan G, benefits are identical.
What is the Best Medicare Supplement Plan G in Michigan?
There is no “best” Medicare Supplement insurance Plan G in Louisiana, only a “better” insurance company. Medicare Plan G benefits are the same regardless of which insurer sells the policy. What’s different is the price and the insurance company’s qualifications. Here’s what to look for when you’re shopping for a Medicare Plan G carrier:
- Size and financial strength: Does the company have enough assets to pay its claims?
- Stability: How much experience does the insurer have with supplemental health insurance?
- Customer service: Is the carrier responsive when you need help?
Our Company Recommendations
Our insurance agency deals with many insurance companies. We favor these three because of their commitment to excellence and outstanding ratings:
- Cigna (A)
- Aetna (A)
- Mutual of Omaha (A+)
Which is better, Plan F or Plan G?
How are Plan F and Plan G Different?
Plan F coverage includes the Part B deductible. Medigap Plan G in Michigan does not. However, Plan F is no longer available for seniors eligible for Medicare after Dec. 31, 2019.
Is Plan G Cheaper than Plan F in Michigan?
Here’s a comparison for a nonsmoking female, age 65, living in Ann Arbor zip code 48106:
- Plan G: $131.18 $115.44-$154.74
- Plan F: $177.87 $143.96-$243.31
Which should I Choose?
The answer to this question starts with your Medicare eligibility date:
- If you’re eligible before Jan. 1, 2020, you can choose either plan.
- If your Medicare eligibility starts Jan. 1, 2020, Medigap Plan G is the plan with the highest coverage.
Medicare Supplement insurance Plan G in Michigan has much lower rates compared to Plan F. If you’re eligible for either plan, it’s worthwhile to compare the cost. What you save in premiums frequently offsets what you have to pay for the Part B deductible that Plan G requires.
What is the Most Popular Medicare Supplement Plan in Michigan for 2021?
Medicare Part G is by far the most popular plan for those new to Medicare. Here are five reasons why Medicare Supplement insurance Plan G is becoming a favorite:
- Value: Excellent comparison between benefits received and monthly premiums
- Coverage: Most comprehensive for seniors Medicare eligible after Jan. 1, 2020
- Freedom: Access to any doctor, even those who don’t accept Medicare assignment since the plan pays excess charges
- Security: Except for the Part B deductible, fills the coverage gaps left from Medicare Part A and Part B
- Acceptance: Guaranteed, as long as you enroll when your Medicare eligibility first starts and you stay current on your monthly Medicare Part B premium
Frequently Asked Questions about Medigap Plan G
Full Medicare Supplement Plan G Benefits Chart
Does Plan G cover prescription drugs?
None of the 10 Medical Supplement insurance plans offer prescription drug coverage. You’ll need to buy a standalone Medicare Part D drug plan.
Does Plan G cover the Medicare Part B Deductible?
No. You must pay the 2021 deductible amount of $203 before Medicare Part B coinsurance kicks in.
Does Plan G cover Medicare Part B Excess Charges?
Doctors who don’t participate in Medicare can charge 15% above Medicare’s approved amount. Medigap Plan G pays Medicare Part B excess charges
Does Plan G cover the Medicare Part A Deductible?
The Part A deductible is part of what Medicare Plan G covers. It also covers the Medicare Part A coinsurance.
Is Plan G worth it?
For a Medicare beneficiary who wants top-of-the-line protection, Medicare Plan G coverage is the most comprehensive Medicare Supplement insurance plan available to those eligible for Medicare starting Jan. 1, 2020.
What is the difference between Plan G and N in Michigan?
There are two differences between Medigap Plan G and Plan N:
- Copayments: Plan N requires copays when you visit the emergency room and doctor’s office. Medicare Supplement Plan G in Michigan has no copays.
- Excess charges: Medicare Supplement Plan G covers excess charges. Plan N does not.
Does Plan G cover Dental?
Routine dental services are not a covered benefit under Medicare Supplement insurance Plan G in Michigan. The plan does pay the Medicare Part B coinsurance for oral surgery services.
What is Medicare Part G?
Medicare Part G does not exist, however Medicare Supplement insurance Plan G in Michigan is additional health insurance that pays your cost share for out of pocket medical expenses.
Does Plan G cover Silver Sneakers?
Medicare Plan G does not offer Silver Sneakers as a basic benefit. However, an insurer might choose to include fitness benefits in its coverage. Check with an insurance agent to see if this is an option.
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.