Medicare Supplement Plan G is all the talk
Have you recently wondered what all the talk about Medicare Supplement Plan G is all about? Have you wondered what is going to happen to Medicare Supplement Plan F?
As many of you already know, Original Medicare and a Medicare Supplement Plan F will cover all of your Medicare Approved expenses. These expenses are covered in and out of the hospital and you will not have any referrals or networks. You can go to any doctor or hospital that accepts Original Medicare. This gives you access to any provider in the country. You will also get $50,000 towards foreign travel.
The Medicare Supplement Plan F has been very popular in the past. In the year 2020, Medicare Supplement Plan F will no longer be available. If you are currently on Plan F you will be able to keep your plan. Many people are changing their Plan F to Medicare Supplement Plan G. The reason for the change is rising rates in the Medicare Supplement plan F.
The differences between Medicare Supplement Plan G and Plan F
The only difference between Medicare Supplement Plan G and Plan F is that the G plan does not cover the Medicare Annual Part B deductible. Currently the Medicare Part B deductible is $183 for 2017. That one benefit of F plan covering the Medicare Part B deductible is the only difference between Plans F and G. Medicare beneficiaries should consider changing their Plan F to Plan G because as we are seeing, the rates for Plan F have been soaring. Many times I have seen a difference of $400 between the two plans. The only difference is the $183 deductible. Why pay $400 to cover a $183 Medicare Part B annual deductible?
If you are currently in a Medicare Supplement Plan F, you should seriously consider changing to the Medicare Supplement Plan G. You will also be avoiding huge premium increases.
Not everyone can qualify for a new Medicare Supplement and medical underwriting could be a challenge for some however, it’s definitely worth a look especially when you could save 100’s or even 1000’s per year in premium costs. Why not save on those precious retirement dollars?
To learn more about whether you can qualify and how you can make the change call 215-738-8100 or email Joe@MyMedicareQuotes and we can run the quotes for you. You can also schedule an in home consultation.