Choosing Plan G as your medical coverage plan will provide you with a lot of coverage for your healthcare expenses. It’s one of the most robust plans available and as such, it is a good choice for those who need plenty of coverage. The Medicare Supplemental Insurance 2018 Plan G coverage is extensive enough o work well for most people who have plenty of healthcare needs, and we are going to look at what that coverage is and why it might be a good option for you.
Plan G’s Coverage
You can be covered for most supplemental expenses, if you choose Plan G. Let’s examine exactly what those covered expenses are.
Deductibles- There are two main deductibles for which you can be covered- the Part A and Part B deductibles. These are expenses that the base Medicare plan will leave you to pay for yourself. In fact, many of the expenses covered by Supplement Plan G are ones that exist in that 20% of Medicare parts A and B that the basic Medicare plan does not pay for. Plan G will not cover the Part B deductible, however. Only Plan F covers that.
Copayments- You can also be covered for the Part A copayment and the Part B copayment. Plan G covers both for you, and these common expenses can add up quickly without it.
Nursing Care Coinsurance- This takes care of a significant portion of your skilled nursing care costs, but you will only be covered for certain kinds of nursing care at specified facilities, so be sure you know what you are being covered for.
Pints of Blood- You get coverage for three pints of blood every year with this plan. The basic Medicare plan covers you for some blood already, but this is additional coverage.
Foreign Travel Exchange- The cost of being transported from where you may be to a healthcare facility can be expensive. If it happens outside the US, you may be covered for as much as 80% of the cost. You will still have the pay the requisite deductible for this expense, though, and you will only be covered for up to $50,000 over your lifetime. That may seem like a lot of restrictions for a plan that is considered high coverage, but you should know that these are the same restrictions as every other plan that covers this item. Even the full coverage Plan F does not cover you for more on this particular healthcare cost because it can be so expensive to be transported to a healthcare facility.
Part B Excess Charges- Only two plans cover this expense, and Plan G is one of them. That should be enough to make you stand up and take a closer look at this item. It’s not common one, and it only occurs when a healthcare provider charges you more than the maximum allowable cost for Part B services. Medicare allows exceptions to its cost caps, and you need to be aware of that.
Hospice Care- If you sign up for Medicare Supplemental Insurance 2018 Plan G, then you also be covered for a very important expense. Hospice care coverage with this plan gives you another 365 days of coverage beyond what Medicare’s basic plan provides.
Is Plan G Your Best Choice?
You have lots of different Medicare supplement options. You even have lots of options that are not supplemental plans that can cover you for your medical expenses. You don’t need to feel like Plan G is your only choice. It’s a great choice- make no mistake about that- for people who can make use of all the coverage it offers.
For those who can’t, however, it can be an excessive plan, and it may be too expensive for some. It comes with plenty of value, and it is the most economical plan, but that’s only true if you can directly benefit from all the coverage it has. Many people will find that it is simply too much for them- too much coverage and too much cost.
If you think that Plan G may be the best choice for you, then be sure to look the other plans that are very like it. That would be plans F and N. Plan F has more coverage, adding coverage for the Part B excess charges. Of course, with that extra coverage comes some additional cost.
Plan N has less coverage than either of these plans and asks subscribers to pay for some copayments and the excess charges that the other two plans already cover.
Which one you should go with will really depend on how often you have to pay some of these expenses. For example, if you don’t need to pay that Part B excess charge often, then you may not need Plan G. And Plan F may also be too robust for you. Plan N may be the better choice, as it covers a lot of the same stuff, but not the excess that you can do without.
Choosing he right plan is certainly not easy. You will want to take some time to look at what’s available and see how it stacks up to your needs. Remember that there are lots of different insurance companies to pick from when you go to buy the plan you want. If you don’t like the prices you are seeing at one insurance provider, then just source some quotes and find a cheaper provider. There are bound to be cheaper versions of the plan you want, and if you keep on looking, you should be able to find them.
Medicare Supplemental Insurance 2018 Plan G is going to save a lot of people money in the coming years. It might be the right decision for you to go with this plan, or it could be a choice that you will regret later. Whatever the case, choose you plan carefully and don’t rush into buying supplemental insurance.