Plan G Medicare Supplement
A Plan G Medicare supplement provides coverage very similar to the popular Plan F. The only difference in coverage is the Part B Deductible ($147 in 2013). Typically you will notice a $200 difference in premium between the Plan F and Plan G. Since the deductible is the only difference in coverage and it is $147, this makes the "G" policies more cost effective for your money.
What carriers offer a Plan G?
The plan G is offered by most carriers; however, it is not a "Guaranteed Issue Rights" plan. Plans A, B, C, F, K and L are the six plans that are offered under the guaranteed issue rights of Medicare. Since "G" is not required to be offered and is not one of the guaranteed issue plans some carriers choose not to offer it in different states. Go to "Medigap Rates" to see which plans are offered in your area.
Does the Plan G get lower rate increases?
Non-Guaranteed issue plans will get lower rate increases most of the time compared to a Plan F Medicare Supplement. The main reason behind this lower rate increase is that most people have to ask health questions for these plans, unless they are in their Medigap Open Enrollment Period. This will in turn keep the rates lower because it is a "healthier" block of business.
How do I compare Medicare Supplement Rates?It is pretty easy to compare Medigap Rates through Medicare Insurance Finders. The plans are laid out by the lowest costing plan, and you can compare one plan at a time with all the carriers in the state. Carriers must be B+ (Secure) rated or higher to appear on the Medicare Supplement Quote Engine.
- Go To Medicare Insurance Finders
- Enter the Demographic Information Required
- Compare Medicare Supplement Plans
- Call the designated representative listed and they can help you with any questions or insurance needs you may have.
Medicare Supplement Comparison
Below is an outline showing you the different plans and how they cover the different deductibles, co-pays, and coinsurance of Original Medicare