What Is Medicare Supplement Plan G?
Article Excerpt: "...People who choose Original Medicare health insurance when they reach the eligible age of 65 may opt to purchase additional health insurance in the form of a Medicare Supplement plan (or Medigap plan) from a private insurance company. These insurance plans, which require beneficiaries to pay an additional monthly premium, help pay for costs not covered by Original Medicare, such as copays. One of the most comprehensive and popular Medicare Supplement plans is referred to as Plan G. Read on to learn more about Medicare Supplement Plan G, including what it covers, how much it tends to cost and what to consider before purchasing a plan. ...“Plan G is most popular because it’s the most comprehensive [Medicare Supplement plan],” says Murdoch. “You do pay a monthly premium for Plan G, but after you pay the Part B deductible, Plan G kicks in to pay remaining costs—copays, coinsurance and out-of-pocket expenses.” Medicare Plan G may be helpful for people who have health problems or think they may develop certain health conditions due to family history. While it’s hard to predict what medical services a person may need in the future, Murdoch recommends considering Plan G for its affordable cost in the long term. What Does Medicare Supplement Plan G Cover? Plan G covers nearly all costs not covered by Original Medicare, including:"
Resource: www.forbes.com