Medicare Supplement Plan G: Still Good In 2024?

Simplifying Medicare: Understanding Medicare Plan G

Medicare can be quite perplexing for those just turning 65, but it doesn’t have to be. Medicare Plan G is a supplement plan designed to fill the gaps left by original Medicare. For new enrollees, it offers the most comprehensive coverage (and is also the most expensive).

This article will answer all your questions about Plan G and provide sample rates.

Compare over 15 different Plan G providers by filling out our quote form.

Table Of Contents

1. What Does Plan G Cover?
2. Plan G Monthly Premium
3. Plan G & Prescription Drugs
4. Is Plan G Worth It?
5. Plan G Pros & Cons

What Does Plan G Cover?

Medicare Plan G covers everything that original Medicare does not, except the Part B deductible. For 2022, this deductible is $233. This means that apart from the monthly premium for Plan G, the only out-of-pocket expense you will have for healthcare is the Part B deductible. Plan G is the most comprehensive plan and has become very popular due to its extensive coverage.

Plan G Monthly Premium

The cost of Plan G varies significantly by location. The quickest way to get accurate premiums is by filling out our quote form. Here are some sample rates for people turning 65:

The average monthly premium for a 65-year-old man is $110-$125, while for a 65-year-old woman, it’s $95-$110.

Medicare Plan G & Prescriptions

No Medicare supplement plans, including Plan G, cover prescription drugs. However, you can purchase affordable prescription drug plans separately, often for less than $20 a month, which should cover most of your prescription needs.

Is Medicare Plan G Worth It?

Deciding between a Medicare supplement plan like Plan G and a Medicare Advantage plan depends on your health and risk tolerance. Generally, Plan G is worth it if you have or expect to have significant healthcare needs, as it covers nearly all remaining healthcare expenses. With original Medicare or Medicare Advantage, you could face substantial co-pays, coinsurance, and deductibles. The more healthcare you need, the more value you’ll find in Plan G.

Medicare Plan G Pros & Cons

Pros:

• Covers almost all remaining healthcare expenses not covered by original Medicare.
• You only pay the Part B deductible and your monthly premium.

Cons:

• One of the most expensive Medicare supplement plans.

Summary

We highly recommend Medicare Plan G if it fits your budget. It provides peace of mind by covering almost all healthcare expenses for the rest of your life, except for the Part B deductible. If Plan G is too costly, consider a Medicare Advantage plan, which offers additional benefits and has similar deductibles and co-pays as original Medicare.

Still unsure about your options? Fill out our quote form or chat with us, and we’ll guide you through the choices to help you decide what’s best for you.

We look forward to assisting you!

FAQs

• Do Medicare supplement plans cover dental, vision, and hearing?

No, no Medicare supplement plans cover these benefits. Many Medicare Advantage plans cover these benefits, however.

• Does Medicare Plan G cover emergency room visits? Yes, original Medicare covers its share, and Plan G will pay the remaining coinsurance, deductibles, and co-pays, if any.