Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Medicare supplement Plan G covers the following benefits:
1. Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up
2. Medicare Part B coinsurance or copayment
3. Blood (first 3 pints)
4. Part A hospice care coinsurance or copayment
5. Skilled nursing fcility care coinsurance
6. Medicare Part A deductible
7. Medicare Part B excess charges
8. Foreign Travel Emergency (up to plan limits)
Out of the 9 benefits available under Medicare supplement (Medigap) plans, Plan G covers 8 of them - the 9th benefit being your Medicare Part B deductible ($147 in 2014 - covered under plans C and F). Plan F covers all 9 benefits.
Medicare supplement plans are standardized! Meaning plan G from company A is the same plan G from company B.
Work with an independent agent/broker that can compare different carriers to determine which will be most suitable for your program.
Independent Agent & Medicare Supplement Specialist, reMEDIGAP, USA
If you have Medigap Plan G, Original Medicare will pay it's share of Medicare approved amounts and then Medigap Plan G will pay it's share. It boils down to this..Original Medicare pays 80% of Medicare approved amounts, Plan G pays the remaining 20% of Medicare approved amounts after you have met/paid the annual Part B deductible of $147. Once that $147 deductible is met, you are covered with the same benefits as Plan F.
Thank you for reading my response. Please let me know if I can be of further assistance.
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1. Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up
2. Medicare Part B coinsurance or copayment
3. Blood (first 3 pints)
4. Part A hospice care coinsurance or copayment
5. Skilled nursing fcility care coinsurance
6. Medicare Part A deductible
7. Medicare Part B excess charges
8. Foreign Travel Emergency (up to plan limits)
Out of the 9 benefits available under Medicare supplement (Medigap) plans, Plan G covers 8 of them - the 9th benefit being your Medicare Part B deductible ($147 in 2014 - covered under plans C and F). Plan F covers all 9 benefits.
Medicare supplement plans are standardized! Meaning plan G from company A is the same plan G from company B.
Work with an independent agent/broker that can compare different carriers to determine which will be most suitable for your program.
Thank you for reading my response. Please let me know if I can be of further assistance.