Is Medicare Supplement Insurance Plan G Right For You?

Updated for January, 2022

If you are turning 65 in 2020, Medicare Supplement Plan G is worth looking into. Plans C and F will be phased out, meaning Plan G will be the most comprehensive Medicare Supplement plan remaining.

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Medicare Supplement Plan G steps in to cover the 20% share you would pay after Original Medicare has settled your bill.

What is Medicare Supplement Plan G?

Plan G is one of Medicare Supplement’s standard plans. It provides full coverage for gaps left by Original Medicare, except for an annual deductible of $198. Original Medicare covers 80% of your Part B bills.

If you have Plan G, your provider will cover the remaining 20% of Part B costs, hospital deductible, copays, coinsurance and Part B excess charges. These excess charges arise from differences between the amount that Medicare Part B agrees to cover and your doctor’s total bill.

What About High Deductible Medicare Supplement Plan G?

In some states, a High Deductible Plan G is available. The difference between regular Plan G and its high deductible version is in the 20% not covered by Original Medicare. You will pay your share of this 20% gap deductible up to a $2,340 limit. Once you meet this limit, your high deductible plan will cover the same benefits as the regular plan. The high deductible plan charges lower premiums than its regular counterpart.

What is the Difference Between Plan F and Plan G in 2020?

Medicare Supplement Plan G and Plan F are very similar. The difference is that Plan F covers Part B deductible, while Plan G does not.

In 2020, Medicare Supplement Part B’s deductible is $198. A high deductible version of Plan G offers lower premiums in exchange for out-of-pocket costs, which are limited at a cap of $2,340. When you reach those cost limits, your policy covers 100% of eligible benefits, just like Plan F.

It is important to note that you will not be able to buy Plan F if you became newly eligible for Medicare in 2020. This is because a federal law that prohibits insurance coverage of Part B deductibles took effect on January 1, 2020. This law impacts Medicare Supplement Plan F and Plan C.

If you were already enrolled in Plan F or Plan C before January 1, 2020, you may still keep your current plan. Speak with your provider if you were eligible for Medicare before January 1, 2020 but had not yet enrolled, as you may still be able to buy Plan F or Plan C.

What Medical Costs Does Medicare Supplement Plan G Cover?

Plan G steps in to cover the 20% share you would pay after Original Medicare has settled your bill. However, before your Plan G policy covers this gap, you must fulfill your deductible limit. Covered medical services include:

  • Inpatient hospital costs such as blood transfusion, skilled nursing, and hospice care
  • Outpatient health care provider costs such as visits to your doctor, lab tests, diabetes medical supplies, durable medical equipment, X-rays, ambulance rides and surgery

Comparing Medicare Supplement Plan G to Its High Deductible Version

Benefits Summary Plan G High Deductible Plan G
Annual deductible limit $198* $2,340*
Part A coinsurance + hospital costs (until 365 days after Medicare benefits are used up) Yes Yes
Part B coinsurance or copayment Yes Yes
First 3 pints of blood Yes Yes
Part A hospice care coinsurance or copayment Yes Yes
Coinsurance for skilled nursing facility care Yes Yes
Part A deductible Yes Yes
Part B deductible No* No*
Part B excess charge Yes Yes
Foreign travel emergency costs (up to maximum plan limits) 80% 80%
Part B excess charge Yes Yes
Medicare Supplement policies for residents of Massachusetts, Minnesota, or Wisconsin are standardized differently.
*You must first pay out-of-pockets costs for coinsurance, copayments, and deductibles up to $198 for Plan G, and $2,340 for High Deductible Plan G. After you reach these limits, your policy will cover 100% of any further costs of covered services. 

What Services Are Not Covered by Medicare Supplement Plan G?

While Plan G covers Part B medications, such as chemotherapy drugs, it does not cover outpatient drug prescriptions. This kind of retail prescription drug coverage is offered by Medicare Part D plans. Medicare does not cover routine dental, vision, or hearing exams, unless they are included in qualifying underlying conditions.

If you want to stay within Original Medicare and need dental, vision, and hearing insurance coverage, you will need to buy the coverage outside of Medicare Supplement. Alternatively, some Medicare Advantage plans (Medicare Part C) bundle routine vision, hearing, and dental benefits at a higher cost.

These Part C plans are offered through private insurance companies. They are still regulated by federal and state policies to provide standard Part A and Part B benefits. Original Medicare and Medicare Supplement policies do not work with Medicare Advantage plans.

If you want to stay within Original Medicare and need dental, vision, and hearing insurance coverage, you will need to buy the coverage outside of Medicare Supplement.

Where Can I Find Medicare Supplement Plan G and Enroll?

Medicare Supplement insurance providers must comply with federal and state laws. This gives you peace of mind that any company providing Medicare Supplement Plan G policies will provide you with standard, compliant policies. Plan costs and availability vary, depending on criteria like state, zip code, and insurer’s health condition, gender, and age. To choose the best Plan G providers for you, consider these factors:

  • Pricing structure
  • History of rate increases – Medicare Plan G has low rate increases to date
  • Customer service
  • Extra perks and benefits
  • The insurance provider’s financial stability

Below are some of the most popular Medicare Supplement Plan G providers:

Mutual of Omaha Medicare Supplement Plan G

Plan G from Mutual of Omaha is a popular choice for its low-cost premiums. Quotes and availability of this plan varies by zip code and individual state policies. Mutual of Omaha has vast experience, as it has offered Medicare Supplement plans since Medicare was first introduced. The company is also financially stable, has an A.M. Best rating of A+, and is available in  all 50 states.

Cigna Medicare Supplement Plan G

Cigna’s Medicare Supplement Plan G is widely popular for its competitive premiums, but quotes vary by zip code. If you are a resident of Massachusetts, Minnesota, or Wisconsin, your Medicare Supplement plans are standardized differently.

For this reason, you should speak to your agent about various Plan G options. Cigna’s A.M. Best rating is an excellent A, indicating high financial strength. Founded in 1982, the company has grown to become an insurance industry giant. It now offers coverage in all 50 states.

Cigna also provides insurance products worldwide. Cigna members also enjoy added perks, including household discounts, health information resources, and fitness membership discounts. In some states, members may even have access to discounts on eyeglasses and hearing aids.

United Healthcare AARP Medicare Supplement Plan G

United Healthcare Plan G is popular among AARP members for its policyholder perks. These extra benefits include discounted memberships to YMCA fitness clubs, wellness phone coaching services, and 24/7 access to a nurse’s help line. For additional savings in your area, inquire about an in-network version of Plan G.

Aetna Medicare Supplement Plan G

Aetna Plan G is popular among customers for its customer service. The CVS Health Company has amassed a wealth of industry experience since its founding in 1853. Its Medicare Supplement plans are available in 30 states, according to a search using Aetna’s online tool.

Availability varies by location, age, and gender. Quotes are also easily accessible online. In some areas, Aetna’s Plan G has the most competitive rates. The company has a strong financial footing, being rated by A. M. Best as an excellent A.

Anthem Blue Cross Blue Shield Medicare Supplement Plan G

Anthem Blue Cross Blue Shield Plan G is a popular choice in areas where it is offered. This is because of added member benefits like advance annual payment, payment automation, and household discounts. You can also save more on premiums if you choose an in-network provider option. Ask about Innovative and Innovative Select versions of Plan G with vision benefits.

Anthem started in 1992, and the company has since merged with Blue Cross and Blue Shield. In most states, you can supplement your coverage by adding an Anthem Part D policy. The company’s financial strength rating is an excellent A, according to A. M. Best.

Humana Medicare Supplement Plan G

Humana is a popular choice among Medicare clients interested in Plan G with added benefits. Extra free perks include discounts, fitness programs, massages and non-prescription drugs, as well as access to a 24/7 nurse help line.

Plan quotes and availability vary by zip code, and you can look up such information as it pertains to  Humana’s Plan G various options. Humana started in 1961 as a nursing home operator before transitioning into the health insurance industry. The company also has excellent financial strength, having been rated as of A-.

Plan costs and availability vary, depending on criteria like state, zip code, and insurer’s health condition, gender, and age.

Selecting the Right Medicare Plan G

With this information, you are now ready to start looking at specific plans in order to understand more about how to pick a plan, and to find which plan is the best plan for you. For more information about Medicare Plan G and to find the enrollment option for you, connect with a licensed Medicare professional.