Medicare Plan G is a Medigap Supplement Insurance program. It helps to pay some additional charges from Medicare Parts A and B. Also, those who are at least 65 years old are qualified for Medicare coverage. Some individuals who are younger and/or have a disability are qualified too.
Medicare Plan G has two main options: the Advantage plan and the Medicare Part D supplemental insurance.
The advantage plans cover Medicare Part A and Medicare Part B completely for a person’s premium. They also usually have the option to choose a Part D as well, but if that is not available then they will get Medicare Part A along with it. This is one of the reasons why this plan is often more affordable than private insurance company plans.
The cons to Medicare plan G is that it does not cover all of the extra charges that Medicare does. Medicare parts A and B cover vision care, prescriptions, routine medical procedures, and certain hospital stays. Medicare Part D would cover exercise, prescription drugs, mental health, emergency travel costs, and some mental health care. These extras would have to be covered by some other type of supplemental insurance coverage.
Another one on Medicare plan g is that if a person were to enroll in this program before the open enrollment period, then they would automatically be enrolled in Medicare Parts A and B. If the person did not have coverage now, they would have to enroll in both programs. This is something that does happen, but generally only with older adults. With the popularity of Medicare supplement policies, it is far less likely.
The final one to Medicare plan g is that it does not cover all the extra benefits that are offered through other supplementary plans. While Medicare supplement plan iv does offer coverage for prescriptions, it does not cover the hearing aids that are covered by the original Medicare plan.
This means that someone who has had a head injury or needs hearing aids will have to find a supplemental plan that covers these items. It is important to note that people who are considered “medically needy” can apply for coverage, even if they do not meet the income guidelines for eligibility.
As you can see, there are many differences between Medicare plans g and the traditional Medicare program. Medigap planning should be done well in advance of enrollment to make sure that you are selecting a plan that will provide the most benefits.
By taking advantage of an online tool like the one we noted below, you can process your information and find out what your new premium will be before it ever gets to you. By being prepared, you will be one step closer to affordable, comprehensive health care.