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down on your growing Medicare costs in 2016?
down on your growing Medicare costs in 2016?
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Medicare Insurance
Medicare Insurance
Medigap Plan G
Posted in Medigap Plans
Medigap Plan G is identical to Plan F. Both plans offer comprehensive coverage and are among the most robust of all Medigap offerings. Plan F however; requires the enrollee to pay pay Medicare Part B deductible out-of-pockets.
In 2013, the Part B deductible was around $147, and once the out-of-pocket expenses surpass that total, you will assume the responsibility of paying 20% of Medicare-approved Part B services.
Medigap Plan F was created to help enrollees to cover excess costs from health care providers and will include the following benefits:
- Part B excess charges
- First three pints of blood for a medical procedure
- Skilled Nursing Facility (SNF) care coinsurance coverage
- Foreign travel emergency coverage
- Medicare Part A hospital coinsurance and all costs up to 365 days after Original Medicare benefits are exhausted
- Part A hospice care coinsurance or copayment
- Part A deductible
- Medicare Part B preventive care coinsurance coverage
- Part B coinsurance or copayment coverage
The majority of Medicare Supplement plans (Medigap) plans will not cover Part B excss charges and is why Medigap Plan G could be of interest for those who have frequent medical needs.
