About Plan G and Plan G HD
Plan G and Plan G HD are Two Popular Plans
Medicare Supplement Plan provides you freedom and protection now and the future. By federal law, all Medicare Supplements Plans A-N are standardized and offer identical benefits from all companies.
Plan G and Plan G HD are two popular Medicare Supplement Plans. Both Plans cover 100% of the SAME benefits! The ONLY difference is the policy DEDUCTIBLE.
Plan G has a calendar-year policy deductible of $198 (2020) and Plan G High-Deductible has an annual policy deductible of $2,340 (2020). Both Plans cover 100% of all Medicare-eligible after the deductible is met. The deductible amount represents the out-of-pocket expenses (excluding premiums) that a beneficiary must pay before these policies begin paying benefits.
The best time to buy a Medicare supplement is six months before your 65th birthday to six months after your birthday or when you enroll in Medicare Part B. A Medicare Supplement covers the gaps in Original Medicare. A
You should compare premium rates, financial ratings, the company's reputation and the number of years the company has been marketing Medicare supplements to get the best value. Our NCSCA Medicare Advisors can help you avoid the pitfalls. We can help you compare and enroll in the plan of your choice.
Plan F will no longer be available to newly-eligible Medicare beneficiaries after January 1, 2020.
What does this mean for you? If you already have Plan F, you should be aware of the new law. The federal government will no longer allow newly-eligible beneficiaries to obtain a Medicare Supplement that covers the Medicare Part B deductible after January 1, 2020.
The good news: If you already have Plan F, you can keep it and will not be forced to move to another plan since this law only affects newly-eligible Medicare beneficiaries.
The bad news: In the future, the Plan F premium rates will increase more quickly than the other plans. Why is this? Each plan is individually rated based on the costs (e.g., claims processed). After 2020, when Plan F is no longer accepting new applicants, the pool of Plan F members will begin to age more rapidly than other plans, which will result in higher proportionate claims costs and thus drive up the premiums for Plan F.
So what should you do? Most experts recommend Plan G and Plan G HD, which: ♦ has lower premium rates than Plan F and is not impacted by the new law, ♦ provides the same coverage as Plan F, except for the policy deductible.
Act now: If you are healthy and over age 65, it is crucial that you act now since you may have to go through medical underwriting to switch your Medicare Supplement Plan. If you wait until a later time, you risk potential health issues that could prevent you from changing your Supplement Plan.
Plan G and Plan G HD Includes All These Benefits:
- The right to choose any hospital, doctor or specialist that accepts Medicare patients in the USA
- No networks to worry about
- No doctor referral needed to see a specialist
- No prior approval required
100% of the following Medicare-eligible charges are covered after the deductible is met:
- You pay $0 for Medicare Part A deductible and co-payments
- You pay $0 for all Medicare-eligible hospital inpatient and outpatient services
- You pay $0 for preventive care services
- You pay $0 when you go to a skilled nursing facility
- You pay $0 for any Medicare-eligible excess charges
- You pay $0 for any additional Medicare-eligible medical service