What Does Medicare Supplement Plan G Cover? 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. Medicare Plan G may be helpful for people who have health problems or think they may develop certain health conditions due to family history. “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.” “Plan G is most popular because it’s the most comprehensive ,” says Murdoch. “Typically, Medicare pays 80% of medical costs, and Medicare Supplement plans cover the other 20%.” What Is Medicare Supplement Plan G? “If you go the Original Medicare route, you can pick from the different Medicare Supplement plans to cover everything after Medicare pays,” explains Sarah Murdoch, director of client services at Medicare Rights Center, a national nonprofit organization helping older adults navigate access to Medicare. To help cover out-of-pocket expenses, private health insurance companies offer 10 Medicare Supplement plans for customers to choose from based on their needs and anticipated expenses. In 2023 Part B requires an annual deductible of $226, a monthly premium starting at $164.90, as well as copays and out-of-pocket expenses. Original Medicare includes Part A, which covers hospital stays, skilled nursing and some home health care, and Part B, which covers doctors services, outpatient care, medical supplies and preventative services. choose Original Medicare rather than a Medicare Advantage plan Medicare Advantage in 2023: Enrollment Update and Key Trends. As of 2023, a little less than half of all eligible adults in the U.S. When it’s time to choose a Medicare health insurance plan, typically at age 65, eligible adults can opt for Original Medicare ( Plan A and Plan B), which is provided by the federal government, or purchase a Medicare Advantage plan from a private health insurance company. While we work hard to provide accurate and up-to-date information that we think you will find relevant, Forbes Health does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Health. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Health site. The Forbes Health editorial team is independent and objective.
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