Medicare Plan G, also known as Medicare Supplement Plan G, is a type of Medicare supplement insurance policy offered by private insurance companies to fill the gaps in coverage left by Original Medicare (Part A and Part B).
Medicare Supplement Plan G provides coverage for the following benefits:
- Medicare Part A coinsurance and hospital costs
- Medicare Part A hospice care coinsurance or copayment
- Medicare Part A deductible
- Medicare Part B coinsurance or copayment
- Medicare Part B excess charges
- Skilled nursing facility care coinsurance
- First three pints of blood for a medical procedure
The only out-of-pocket cost not covered by Medicare Supplement Plan G is the Medicare Part B deductible, which beneficiaries must pay before Medicare covers their outpatient services.
Plan G offers comprehensive coverage and is often considered a good option for those who want extensive coverage without the potentially higher premiums associated with Medicare Supplement Plan F.
It’s important to note that Medicare Supplement plans are standardized by the federal government, so Plan G will offer the same basic benefits regardless of which insurance company sells it. However, premiums and availability may vary by location and insurance provider.
