What is Medigap Plan G? What you need to know


    Medigap Plan G is one of 10 Plans. Medigap helps with fees such as co-insurance, co-payments and deductibles that are not covered under Medicare Part A and Part B, also known as .

    After Medicare pays its approved portion of the medical expenses, Medigap Plan G will help supplement the remaining expenses. You must pay a separate monthly premium for Medigap coverage, which is privately insured but standardized in all states except Massachusetts, Minnesota, and Wisconsin.

    With Plan F no longer available to new applicants, Medigap Plan G is one of the more comprehensive Medicare supplement plans on the market. According to Medicare.gov, Medigap Plan G does and does not cover the following.

    Since Medigap Plan G coverage is privatized and regulated by the state, the price varies depending on age, location and factors such as tobacco consumption. In 2021, the plan prices for a 65-year-old non-smoker in a representative California zip code (92589) are between $ 120 and $ 284 a month.

    Some states also offer a high-deductible Plan G with a deductible of $ 2,370 for 2021. The monthly premiums for the same 65-year-old non-smoker at ZIP 92589 range from $ 30 to $ 68.

    The best time to take out your Medigap Plan G policy is during the six-month Medigap open-ended registration period, which begins the first month you have Medicare Part B and when you are 65 or older. Medigap policies can only cover one person regardless of marital status.

    To find out the cost of Medigap Plan G in your area, visit Medicare.gov.

    There are many options and types of coverage when it comes to Medicare benefits. Of the 64 million people in the United States who receive traditional Medicare benefits, 81% have some form of Medicare supplemental insurance, according to Medicare.org, a nongovernmental source of health information.

    If you have any questions about Medicare, visit Medicare.gov or call 800-633-4227 (TTY: 877-486-2048).


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