When looking into acquiring a Medicare supplement plan they will find Medicare supplement Plan G is very similar to Plan F in the benefits they provide. These two Medigap plans seem to have the best coverage likened to the other ten Medicare supplement insurance plans. The difference between Medicare supplement Plan F and Plan G is that Plan G does not cover the Medicare Part B deductible. This will be the individuals out of pockets costs.
Medicare Part B deductible can change from year to year and the patient will have to pay all of this deductible before Medicare will start paying. After that, your Medicare supplement plan will pay the 20% medical expenses that Medicare Part A and Medicare Part B does not take care of. These expenses may be for specialists and medical equipment one may need for their medical problem.
As all Medicare supplement plans help with the cost of the 20% remaining medical costs, Medicare supplement plan G will help with the following costs.
Medicare Part A deductible
Medicare Part A inpatient hospital coinsurance past the 365 Medicare has already paid
Medicare Part A hospice copayments or coinsurance
Medicare Part B coinsurance or copayment
Medicare Part B excess charge
First three pints of blood needed for your care
Nursing home care
Medical care in a foreign country (up to 80%)
Medicare supplement Plan G and Medicare Part B excess charges
One thing you see is that Medicare supplement Plan G covers Medicare Part B excess charges, which most of the Medicare supplement plans do not cover. Medicare supplement plan F is another plan that covers this advantage. The additional medical services are the medical costs Part B excess charges which most Medicare supplement plans do not take care of. Medicare has established certain amounts that it will pay for medical services and will only pay that amount. This is a Medicare fee schedule set up with rates the will control payments for medical service and specialists and what they may charge.
Let it be known that all Medicare supplement plans are standardized and are the same in all states. Some may not be available in all states, but the designated lettered plans A-L are the same. Each Insurance company will offer the plans, but the cost of the monthly premiums may vary greatly between each insurance company and will be different in the area in which you live.