In 2018, you may want to think about updating your medical coverage. The coverage could be changing by then for supplemental Medicare plans. What is being offered now may not still be the same coverage these plans will be offering. As you look at the available plans, be sure to give Medicare Supplement Plan G for 2018 a look.
It’s a high-coverage plan, and it gives you tons of value for the price tag. Now the price varies between insurance companies. Each one has their own set rates for the plans they offer, but even at the higher rates, it’s a plan with some serious value. Here is a breakdown of the kind of coverage you can get from Plan G.
The most common expense that Medicare subscribers tend to have to pay is that of deductibles and co-payments. Supplemental plans are designed to cover a lot of those, and Plan G covers most of them for you. It takes care of all co-payments and the Medicare Part B deductible. You will still have to pay the Part A deductible on your own, however.
This plan will also provide coverage for your nursing care as well as for hospice care under Medicare Part A. These can be major expenses, and Plan G offers a lot of coverage there for those who need it. With hospice care, there will likely still be some expenses or portions of the bill you have to pay on your own. Medicare Supplement Plan G for 2018 is not a full coverage plan, but even the full coverage plans don’t offer more coverage than that for hospice care.
Also covered under this plan is the cost of three more pints of blood every year as well as 80% of foreign emergency care (after the deductible). The final piece of coverage from Plan G is for the Medicare Part B excess charges.
With all that coverage in place, there may not be much left in the way of medical expenses for you to pay for out of your own pockets. Plan G’s coverage is pretty substantial. It might be a little too robust for some people, so you need to compare what it provides to what you actually need. Make sure you aren’t getting more coverage than you can use.
You should also try to compare rates between providers on this plan and any others you are considering. There is no point in paying more than you have to for supplemental coverage. Bear in mind that every provider has to provide Medicare’s mandated coverage for these plans. They can change the rates, but the coverage stays the same.
That’s your opportunity to save big in insurance. Just pick out the plan you want and go for the cheapest rate on it. With Medicare Supplement Plan G for 2018, you will pay one of the highest rates around. It does rank near the top of the coverage list. But it could be worth it if it meets your coverage needs.