Medicare Supplement – Plan G

The only out-of-pocket expense that remains after Plan G pays is the Part B deductible. As long as your treatment or service is approved by Medicare, Parts A, and B, along with Plan G, will take care of all the other costs. No wonder Plan G is one of the most popular Medigap plans!

Outside of the Part B deductible, there are other services that won’t be covered by Plan G. This is true of all Medicare supplements – if it’s not covered by Original Medicare, it won’t be covered by your Medigap plans.

What exactly does that include?

The first thing to be aware of is that it doesn’t cover prescription medications. Anyone who enrolls in a Medicare supplement will need to enroll in a separate Medicare Part D prescription drug plan.

It’s important to enroll in Part D, even if you are not taking any medications. If you don’t, you’ll be penalized when you decide to enroll. Plus, there are only certain times of the year when you can enroll in a Part D plan. If your doctor ends up prescribing a medication and you don’t have Part D, you’ll be paying the entire cost yourself until you’re able to sign up for Part D. If you aren’t taking prescriptions, you can find a very lost-cost plan that won’t break the bank.

Medicare supplements also do not include coverage for long-term care, preventive and restorative dental treatment, eyeglasses, contact lenses, or hearing aids. (There are limited times when Part B might cover some of these, such as in the case of certain conditions or trauma.)

There are insurance options for all of these services, so ask your licensed insurance agent if you’d like to know more about these policies.