There are ten standard Medicare Supplement plans 2021 (A, B, C, D, E, F, G, K, L, M, N) that can help you save money if you already have Original Medicare i.e.Part A and B. Medicare does not cover many medications and treatments in totality, creating “gaps” that these insurance policies can address.
Why should you buy Plan G?
There have been changes in plans available in Medicare Supplement plans 2021 for the new applicants. Plan F is the most expensive among all available Medigap coverage. It completely fills in the gaps left by Medicare. But in Medicare Supplement plans 2021 it is no longer available.
Plan G is the next best plan compared to other Medicare Supplement plans 2021 for new applicants. Plan G coverage is nearly as good as Plan F. except It does not cover Medicare Part B deductible.
Medicare supplement plans 2021 G covers 100% of:
- Medicare Part A coinsurance
- Medicare Part A deductible
- Blood (3 pints)
- Part A hospice care coinsurance
- Medicare Part B coinsurance
- Skilled nursing facility coinsurance
- Medicare Part B excess charges
And 80% of the Foreign emergency travels are for health complications.
After you pay your deductible, you won’t be paying anything OOP or out of pocket for eligible services and procedures.
Cost of Plan G
The cost of Plan G insurance varies greatly depending on your location. Costs differ by gender as well as if you smoke or vape in several states.
Plan G will cost $99 to $509 per month. The American Association for Medicare Supplement Insurance did a cost evaluation in February 2020 and found the following:
The lowest monthly premium for females is in Dallas, Texas at $99
The highest monthly premium for females is in New York at $476
The lowest monthly premium for males is in Dallas, Texas at $109
The highest monthly premium for males is in Philadelphia at $509
Who is eligible for Plan G?
Plan G may be available to the individuals who qualify for Original Medicare. Medicare is available to nationals and legal residents of the United States who have lived in the country for at least five years. Working for ten years or more is required to qualify for Part A without a charge.
You may still be able to enroll for Medicare if you haven’t been employed in the United States for ten years, but you will have to pay the Part A payment. You must also be 65 years old or have a condition that qualifies you for Social Security disability payments for most circumstances.
The sole exemption to the two-year wait for Medicare is if you have amyotrophic lateral sclerosis (ALS).
If you have a disease like cancer and other illnesses, such as initial-onset Alzheimer’s disease and few cases of breast cancer, you may be deemed disabilities if they fulfill the SSDI requirements and the 2 year waiting period applies.
For more information regarding Medicare supplement plans 2021, we recommend you to check out Medicaresupplementplans2021.com.