Medicare plans applicable to those above the age of sixty-five are of multiple categories like Original Medicare, Cigna Medicare Supplement Plans and Medicare Advantage Plans. There are several Medicare Supplement Plans such as A, B, C, D, F, K, L, M, N, F including G. Availed alongside Original Medicare, Supplement Plans are there to cover any costs that are not included in your Original plan. Out of these ten standardized plans; F and G are the most similar, offering the most extensive coverage.
Plan G is increasingly become popular among people as it seems to offer the best value. Previously highly advantageous Plans C and F are being ceased by 2019 and considering other Medical Supplement Plans for 2019, plan G seems the most suitable! Before you choose Medical Supplement Plan G in 2019, you must consider getting valuable knowledge through a professional licensed agent.
Plan G has a few common features with other plans, as mentioned:
- Medicare part A coinsurance and hospital costs
- Medicare Part B coinsurance or copayment
- Blood (first 3 pints)
- Part A hospice care coinsurance or copayment
- Skilled nursing facility care coinsurance
- Medicare Part A deductible
- Foreign travel emergency (up to plan limits)
The fact that plan G covers Part B excess charges is the factor that highly differentiates this plan from others. Purchasing a Plan G means you need not pay for these extra charges out of your own pocket! Generally, doctors and hospitals have to follow the approved charge list by the Medicare; in case they don’t, then arises the need for out-of-pocket payment that Plan G readily takes care of!
The only benefit that the Medicare Plan G does not cover is the Medicare Part B deductible. It is an annual deductible reset every year at 1st January and is subject to change every subsequent year, though the change is not substantial. In 2017, it was just $183 and with the changing Medical Supplement Plans for 2019 and onwards, it’s still expected to increase quite slightly. The expected increase is to $250 in a course of five to seven years. Thus, this means that you only need to pay your premium and your annual Part B deductible to enjoy every health benefit free of cost. It’s prone to any price fluctuations in the market and provides best market value today.