Medicare Plans by Turning 65 Solutions


Medicare Supplement (Medigap) Plan G

Medigap Plan G features the second-best coverage in the Medicare Supplement domain. It is the second most common plan among Medicare beneficiaries. It covers all the coverage gaps left by Original Medicare besides Part B’s deductible. However, now it is one of the most popular plans on the market because it is the most comprehensive plan for new Medicare beneficiaries. The reason for it is that plan F is no longer available for those who weren’t eligible to get Medicare coverage before January 1st, 2020.

What Does Medigap Plan G cover?

With this plan, almost every out-of-pocket cost that policyholders might have is covered. If they choose to purchase this plan, it comes along with coverage benefits such as:

  • Medicare Part A deductible
  • Medicare Part B excess charges
  • Foreign travel emergency
  • nursing facility care coinsurance 
  • Part A hospice care coinsurance
  • Medicare Part A coinsurance and hospital costs
  • Medicare Part B copayment
  • The first three pints of blood used in an approved medical procedure

It does not cover Medicare Part B’s deductible, and that’s it. Since that lowers the premium, it motivates some Medicare beneficiaries to take that risk. So, before your policy starts to pay for your costs you have to pay your deductible first.  A monthly premium is a thing beneficiaries always need to pay if they want that their policy remains active. The average monthly cost, for this plan, is from 100$ to 300$ a month. The premium cost depends on multiple factors like age, gender, and ZIP code, so to determine how much you actually will be, talk with an insurance company agent to get an informed decision.


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Medicare Plan G Deductible

Many folks get confused because they think that Plan G has a deductible. The deductible you are paying is actually Medicare Part B’s outpatient care deductible, which is $226 in 2023. This plan covers all remaining costs after that deductible. However, some people maybe get confused because this plan has another version of it, and it is called High Deductible Plan G.  It is one of the newest standardized plans on a market, and it is designed for people that want to pay lower monthly premiums but have to pay a higher deductible instead.

Which Offers More Coverage — Plan F or Plan G?

Plan G and Plan F are almost the same with it comes to coverage. Plan F is the first-dollar plan because it covers all pocket expenses that are left by Original Medicare (hospital and medical costs). The only cost with plan F is a monthly premium, which is very high in comparison to other Medigap policies on the market. However, Plan F is no longer available to new Medicare beneficiaries because no Medicare supplement insurance can no longer cover Part B’s deductible. So, if you weren’t eligible for Medicare coverage prior to the 1st of January 2020, plan G is the best option for newbies. There is not much difference, because you will only have to pay a Part B deductible annually, but your monthly premiums are lower because of that. So both plans are definitely worth considering.

Medigap policies are also sold by private insurance companies, like Turning 65 Solutions. If you have additional questions about how to enroll in Medigap plans, our insurance agents may help find the best option that suits your budget and needs. You can reach our San Antonio, Texas office by phone at 830-308-8953.