A Quick View of Medicare Supplemental Plan G
At age 65 Medicare becomes your basic health insurance coverage. There are two essential parts to Medicare –
Part A and Part B.
- Part A covers hospital and skilled nursing facility costs
- Part B covers physician services, diagnostic tests and surgical expenses
With Medicare there are gaps in coverage (deductibles and coinsurance). These are costs you need to pay if you don’t have supplemental insurance for Medicare. Some medical costs can be quite large. Supplement plans for Medicare act like an umbrella to protect you from those Medicare gaps in coverage by paying those extra costs for you.
With the Medicare Supplement Plan G, your only costs for health care will the Part B Deductible ($240 in 2024). After you meet that deductible, your Medicare Supplement will pay all the other costs including surgery and hospital costs. In other words, the most you will pay is $240/year; there will be no additional medical costs. And the premiums for supplemental Medicare plans are much smaller than premiums in the under-65 market, where a comparable Platinum level plan might cost $2000/month!
Note: with Medicare, prescription drugs are separate from regular medical costs. You will be able to get an affordable Prescription Drug Plan (PDP) that will average around $15/month.
Let’s Meet!
At Hopper Insurance Services we can help you choose the right supplemental plans for Medicare. We invite you to give us a call and we will go over a variety of supplemental and Advantage plans.
We represent the top three insurance companies in California including:
- Anthem Blue Cross
- Blue Shield of California
In a one-hour meeting, we will educate you on Medicare and explain all your options. With good education, you will easily be able to choose the plan that offers the best value for your needs and budget.