Medicare Supplement Plan G (Greatest Value Medigap Plan)


Medicare Supplement (Medigap) Plan G is one of the most comprehensive Medicare Supplement plans on the market. Medigap Plan G has increased in popularity over recent years, becoming one of, if not the, most popular Medigap plan available today. Filling the gap between what Medicare pays and what the policyholder is responsible for, Medigap Plan G is suitable for many Medicare beneficiaries across the U.S.*

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Medicare Supplement Plan G Coverage

Like other Medicare Supplement plans, Medigap Plan G fills the gaps that Original Medicare leaves behind. Medigap Plan G coverage includes the Medicare Part A deductible, Medicare Part B coinsurance, and more.*

Once you meet the Medicare Part B deductible, you won’t have to worry about additional copayments or unexpected medical bills. Furthermore, because the federal government standardized Medicare Supplement plans, Medigap Plan G provides the same benefits regardless of the carrier. However, monthly premium rates vary per state and carrier.*

Medicare Supplement Plan G Highlights:*

  • Covers the Medicare Part A deductible
  • Covers hospice copayments and coinsurance
  • Additional foreign travel emergency benefits
  • Covers Medicare Part B excess charges

See the chart below for a full summary of what Medigap Plan G covers in contrast to other plans*

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Medicare Supplement Plan G Comparison Chart for 2022*

Who Can Enroll In Medicare Supplement Plan G?

If you enroll in Medicare Part A and Part B, you are eligible for Medigap Plan G. However, whether your pre-existing health conditions affect enrollment depends on when you decide to enroll in Medigap Plan G.*

Suppose you enroll in Medigap Plan G during your Open Enrollment Period when you are new to Medicare or qualify for a Special Enrollment Period. In this case, your pre-existing conditions will not affect your enrollment. State rules may also allow you to enroll at other times, so it is important to be aware of what your state permits.*

However, if you decide to apply outside of these enrollment periods, you will need to answer underwriting health questions to determine your insurability.*

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If you currently have a Medicare Advantage plan and are interested in enrolling in Medicare Supplement Plan G, you’ll need to switch back to Original Medicare first. Each year, you can make this change by using the Open Enrollment Period in the fall or the Medicare Advantage Open Enrollment Period in the first quarter.*

How Much Does Medicare Supplement Plan G Cost in 2022?

The cost of Medicare Supplement Plan G varies depending on multiple factors, including where you live. However, the average cost of Medigap Plan G can range from $100-$300 per month.*

Medicare Supplement premium prices depend on ZIP Code, age, gender, and more. As a rule of thumb, Medigap plans tend to be more highly-priced in areas where the cost of living is higher.*

If you find the benefits of Medigap Plan G attractive but cannot pay the monthly premium, you have options. The High Deductible Plan G offers the same benefits for a lower monthly premium. However, in exchange for the low monthly cost, you will be required to reach a higher deductible before receiving 100% coverage.*

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Medigap Plan G Rate Increase History

Again, many different factors impact your Medicare Supplement plan’s rate increases. This includes the age you were when you enrolled and the pricing method used by your Medigap plan at the time of enrollment. The average Medicare Supplement Plan G rate increase can average between 2%-6% annually.*

It’s important to discuss with your licensed Medicare agent the rate increase history for the carrier with which you choose to enroll. Researching carrier reviews before enrolling is a key determinant when selecting your Medigap insurance company.*

FAQs

What is Medicare Part G?
When you hear people discuss Part G, they really mean Plan G. There is no Part G in Medicare, only Plan G.
Does Medicare Supplement Plan G cover dental, vision, hearing or prescriptions?
No, Medicare Supplement Plan G does not include dental, vision, hearing, or prescription drug coverage. Medigap Plan G only covers what Original Medicare will cover. You’ll want to enroll in a separate dental, vision, and hearing plan for such coverage, and a Medicare Part D plan to help pay for prescription drugs.
Is Medigap Plan G available to those who are under 65?
There is no federal mandate that says Medigap must be available to those under 65. Yet, some states require insurance companies offering Medicare Supplement plans to provide at least one option to those under 65. Usually, the option is Plan A, offering only the most basic benefits. Medigap plans for beneficiaries under 65 are more expensive in most states.
Is Medicare Advantage better than Plan G?
The answer to this question is different for each beneficiary. Understanding if Medicare Advantage is better than Medicare Supplement Plan G will depend on your unique situation, budget, and health care goals. What’s important to you will determine which coverage is better for you.
When can I change my Medicare Supplement Plan G?
You are able to make changes to your Medigap plans at any time throughout the year. The only stipulation to making a plan change is being able to pass medical underwriting.
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How to Enroll in Medicare Plan G

Medicare can be difficult to understand. Changes to Medicare plans come every year and it's hard to keep up. Our job at MedicareFAQ is to have our finger on the pulse of these changes to help you make the right choice for your coverage. We understand how important it is to find affordable coverage, without sacrificing your health care benefits.

Call us for a free Medicare consultation or fill out our online rate form to see quotes for Medicare Supplement Plan G policies available near you. We'll prepare a Medicare plan comparison for you to find the best rate available in your area. We work with dozens of carriers to guarantee you're getting the most value from your plan.

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Jagger Esch

Jagger Esch is the Medicare expert for MedicareFAQ and the founder, president, and CEO of Elite Insurance Partners and MedicareFAQ.com. Since the inception of his first company in 2012, he has been dedicated to helping those eligible for Medicare by providing them with resources to educate themselves on all their Medicare options. He is featured in many publications as well as writes regularly for other expert columns regarding Medicare.

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