Why Medicare Supplement Plan G Might Be Right for You: Insights from a Supplemental Insurance Broker in La Porte, Indiana

Many people find Medicare and its supplemental plans difficult to understand. But one plan stands out because it is the most comprehensive — Medicare Supplement Plan G. are you currently wondering whether this plan is right for you? To help you decide, this supplemental insurance broker in La Porte, Indiana is going to discuss some of the key things you should know about Medicare Supplement Plan G below.

What Is Medicare Supplement Plan G?

At its core, Medicare Supplement Plan G fills the gaps left by Original Medicare (Part A and Part B). These “gaps” refer to out-of-pocket costs you would otherwise have to pay, like coinsurance, copayments, and deductibles. Plan G is one of the most comprehensive Medigap plans available, and it is designed to ease the financial burden of healthcare costs not covered by Original Medicare.

Medicare Supplement Plan G is available to anyone enrolled in Medicare Part A and B. It is mainly for those new to Medicare who can no longer choose Plan F or Plan C due to changes in eligibility requirements.

Plan G covers a broad range of out-of-pocket costs, including Part A deductible and coinsurance, hospice care copayment or coinsurance, skilled nursing facility care coinsurance, Part B coinsurance or copayment, and Part B excess charges. It also covers the first three pints of blood you might need for a medical procedure.

You should also know what Plan G does not cover. It does not pay for the Medicare Part B deductible, which is the amount you need to pay before Medicare starts to pay. It also does not cover prescription drugs, long stays in a care facility, dental care, vision care, and private nursing care at home.

When should you buy Plan G?

The best time to buy Plan G is during your Medigap open enrollment period. This is a six-month window that starts when you are 65 or older and enrolled in Medicare Part B. During this period, you can buy any Medigap policy through a supplemental insurance broker in La Porte, Indiana without medical underwriting. In other words, insurance companies cannot look at your medical history to decide if they will cover you and how much they will charge.

Is Plan G right for you?

Choosing the right Medicare Supplement plan is a personal decision based on your health needs and financial situation. While Plan G offers the most comprehensive coverage, it also costs more every month. You’ll want to weigh the higher premiums you pay every month against your potential out-of-pocket costs and coverage needs.

Plan G is a good pick for people looking for maximum coverage when they go to the doctor or hospital, and who are okay with paying more every month for this assurance. Plan G could be right for you if you want to minimize your out-of-pocket healthcare costs.

But if you are trying to spend less money every month, your supplemental insurance broker in La Porte, Indiana may recommend looking at Plan D or Plan N instead. These plans give you many of the same benefits as Plan G, but with some differences in coverage and lower premiums.

Looking for a Supplemental Insurance Broker in La Porte, Indiana?

Are you ready to meet with an expert to find out whether Medicare Supplement plan G is right for you? If so, Senior Care Insurance Services (SCIS) is the company to call. As the most trusted Supplemental Medicare provider in La Porte, Indiana, we are here to help you understand your options so you can pick the best choice for your health and budget.

Contact us today to schedule a free consultation.