Medicare is an important program that provides healthcare benefits to millions of Americans over the age of 65. However, it does not cover all medical expenses. That’s why many seniors opt for a supplemental plan, such as Medicare Supplement Plan G, to help cover out-of-pocket costs. In this article, we will provide an overview of what Plan G covers and how it works. 

What Is Medicare Supplement Plan G? 

Medicare Supplement Plan G is a type of health insurance policy designed to supplement Original Medicare (Parts A and B). It pays for some of the medical expenses that Original Medicare does not cover, such as deductibles, copayments, and coinsurance. It also covers some foreign travel emergency costs up to a set limit. 

Plan G is one of 10 standardized plans offered by private insurance companies approved by the Centers for Medicare & Medicaid Services (CMS). Insurance companies may offer additional coverage with their own plans but they must follow CMS guidelines on coverage and pricing. As a result, you can expect consistent coverage from any company offering Plan G. 

Plan G covers the same hospitalization and doctor visits as Original Medicare, with the exception of Part B deductible. This can save you money if you go to the doctor or have a procedure done since the deductible is typically higher for Original Medicare than it is for Plan G.

How Does Plan G Work? 

With Plan G, you pay your Part A deductible each year and then your plan pays 100% of covered services for the remainder of the year. This includes hospital stays (Part A) and doctor visits (Part B). You are responsible for paying 20% coinsurance on Part B services until you reach the yearly out-of-pocket limit ($6,350 in 2020), after which your plan pays 100% of all covered services for the rest of the year. Some common services covered include outpatient care, physical therapy, lab tests, X-rays and ambulance services as well as preventive care like checkups and mammograms. In addition to these services, some companies may offer additional benefits such as vision or dental coverage at no extra cost. The cost of a Plan G policy varies depending on where you live and which insurance company you choose; however, premiums typically range from $100-$200 per month depending on factors such as age or gender. However, it is important to note that prices can vary significantly between different insurers so be sure to shop around before making a decision about which plan is right for you. 

Conclusion: For those looking for comprehensive coverage beyond what Original Medicare offers without breaking the bank every month on premiums ––Medicare Supplement Plan G could be just what they need! With its comprehensive coverage options and relatively affordable premiums ––it’s no wonder why more seniors are opting into this popular supplemental plan each day! Be sure to do your research when shopping around so that you can find a policy that not only suits your needs but fits within your budget as well!