What is Medicare Part G?
Medicare Part G is quite similar to Part F with only one exception i.e. part B deductibles. Part B deductibles, which are covered under Part C and F, have to paid out-of-pocket in Medicare Part G. Most Medigap plans do not cover excess charges of Part B, however, Part G covers it. If you select Medicare Part G, you will need to pay the Part B deductible ($198 for 2020).
The things that are covered under Medicare Part G include-
- Typically premiums are less expensive than those for Plan F.
- The difference in premiums between two plans may be quite high that you may save a considerable amount of money even after paying the Part B deductible.
- Medicare Plan G fully covers Part A coinsurance, Part A deductible, Part A hospice care copayment or coinsurance, Part B excess charge, Part B copayment or coinsurance and up to three pints of blood each year.
- It also provides coverage of up to 80% for medical care while traveling outside of the US (this has to be within your plans limits).
There are very few differences between Part F and Part G, however, it is best to compare the plans and options before signing off on one. With the eventual phase out of Medisup Plan F, there is a high possibility of enrolling for Part G. For more details regarding Medicare Part G coverage, pros and cons, please reach out to our experts on www.askhpm.com today!