Medicare Supplement Plan G: Is it right for me?

 Medicare Plan G is one of ten Medicare supplement policies that fill the coverage gaps in Original Medicare. For this reason, many seniors choose to purchase Plan G when it comes to Best Medicare Supplement Plans in Ohio to provide them financial support while being enrolled in Medicare.

 

Medicare Plan G is a supplemental policy, meaning it's not your primary coverage but fills many of the gaps in a Medicare policy. Part A and Part B benefits would pay for the health services you need. Once those benefits are exhausted, Plan G pays for any remaining costs.

 

Plan G also covers some of the expenses related to your Medicare policy. For example, Medicare Part A has a deductible of $1,308. If you don't have Plan G, then you'll pay that deductible out of pocket. But with Plan G coverage, your health insurer would pay for the entire deductible.

 

In a nutshell, Medicare Supplement insurance Plan G includes the following basic benefits:

 

l  Part A hospice care coinsurance or co-payment

l  Part A deductible

l  Part A hospital costs and hospital coinsurance up to 365 days after Original Medicare benefits are exhausted.

l  Part B coinsurance or co-payment

l  Part

B excess charges

l  Skilled nursing facility care coinsurance

l  coverage

l  First three blood pints for a medical procedure

l  Limited foreign travel emergency medical care

 

Who can sign up for Plan G?

 

If you are eligible for enrollment in Original Medicare, you may be able to enroll in Plan G too. American citizens and legal residents can be eligible for Medicare. Having worked ten or more years is a requirement for getting Part A without a premium. If you have not worked ten years in the US, you may still be eligible for Medicare, but you have to pay the Part A premium.

 

The best time to enroll in Medicare supplement Plan G is the Medigap Open Enrollment Period (OEP). The OEP begins when you turn 65, and your Medicare Part B is effective. Medicare enrollees 65 years or older can buy a Medigap at any time but may be subject to health screening and medical underwriting. It’s best to work under the guidance of Best Medicare Broker to save yourself from frauds and costly mistakes.

 

Medicare is full of jargon, similar-sounding plans, deadlines, and hidden costs. If you never dealt with that before, you have a steep learning curve ahead of you. That’s why most seniors rely on the expertise of Best Medicare Broker Ohio. A licensed agent can quickly spot the hurdles and help you proceed accordingly, saving you time and providing a policy that fits your needs and budget. 

So indeed, medicare supplement plan G is right for you. However, it's advisable to consult with an experienced agent before making any final decision.