Medicare Supplement Plan G vs. Plan F

Are you paying more than you have to? 

More often than not, Plan F is the “go-to” plan when considering a Medicare Supplement.  However, Medicare Supplement Plan G is a great option that many seniors don’t know about because some agents don’t understand how it works so they don’t explain it.  To make it easy, let’s start by looking at how they’re similar.

Plan G and Plan F actually have a lot more in common than your agent may think.  In fact, they provide identical coverage.  The only difference between the two options is the Medicare Part B deductible. Plan G does not cover the Part B deductible, which is $183 in 2017.  However, there can often be more than a $200 difference in the annual cost of a Plan F versus a Plan G. 

Here are some things you should know about Plan G:

  • You receive the same coverage with Plan G as you would with Plan F.
  • Plan G has fewer guaranteed issue situations than Plan A, C, and F, rewarding you with more stable rate increases.
  • Even though with Plan G you will pay the Medicare Part B deductible, often you will save more in monthly premiums by choosing Plan G over Plan F.

How do you know if Plan G might be right for you?

When the annual premium difference between Plan F and Plan G is more than the Medicare calendar year Part B deductible, choosing Plan G would actually save you money!  If you are willing to pay the Part B deductible out of pocket, Plan G might be right for you.

Still have questions?  

Give me a call at (207) 370-0143 or toll free (866) 976-9038.  

I’m here to support you and help it all make sense.