Medicare Supplement Plan G is a type of Medigap policy that helps pay for some of the costs that Original Medicare doesn’t cover. It helps pay for inpatient hospital costs, skilled nursing facility care, home health care, hospice care, and some outpatient medical costs.
Here are some of the things that Medicare Supplement Plan G covers:
- Inpatient hospital costs: Plan G pays for your hospital deductible and all copayments and coinsurance under Medicare. This includes the first three pints of blood.
- Skilled nursing facility care: Plan G pays for your skilled nursing facility coinsurance and copayments.
- Home health care: Plan G pays for your home health care coinsurance and copayments.
- Hospice care: Plan G pays for your hospice care coinsurance and copayments.
- Outpatient medical costs: Plan G pays for your Medicare Part B coinsurance and copayments for outpatient medical services, such as doctor visits, lab work, and durable medical equipment.
Medicare Supplement Plan G does not cover some things, such as:
- Prescription drugs
- Dental care
- Vision care
- Hearing aids
- Routine foot care
- Private-duty nursing
- Custodial care
- Long-term care
Medicare Supplement Plan G is a popular choice for people with Original Medicare because it provides comprehensive coverage for many of the costs that Original Medicare doesn’t cover. However, it’s important to note that Medigap premiums can be expensive, so it’s important to compare plans and find one that fits your budget.
Here are some of the things to keep in mind when comparing Medigap plans:
- The monthly premium
- The coverage limits
- The deductibles
- The copayments and coinsurance
- The out-of-pocket maximum
- The benefits that are covered
- The exclusions
It is also important to remember that you can only have one Medigap plan at a time. If you already have a Medigap plan and you want to switch to a different plan, you may have to wait until the annual open enrollment period.
If you’re considering buying a Medicare Supplement Plan G, you should talk to your doctor and an Ashford Insurance agent to make sure it’s the right choice for you. Call 817-952-3153 today.
Photo by Tima Miroshnichenko
