Medicare Supplement

Medicare Plan G Reviews: Best Medicare Supplement Plans in 2021

Review 2021 Medicare Supplement (Medigap) Plan G from carriers like Aetna, Mutual of Omaha and more. Learn about Medicare Supplement Plan G benefits and find the best plan for your needs.

Medicare Supplement Insurance Plan G is one of the most popular Medigap plans.

Here is our review of Medicare Plan G that you can use to help you make an informed decision about your Medicare coverage.

You can also read some customer reviews to learn more about finding the best Medicare plan for your needs.

Plan G reviews for Medicare Supplement Insurance companies

When reviewing whether Medicare Plan G is the best plan for you, you may want to consider some aspects of the insurance carrier or insurance companies offering the plan.

Unlike some other types of Medicare plans, the types of Medicare Supplement plans sold in most states include benefits that are standardized by the federal government.

That means the benefits offered by each type of plan are the same no matter where it is sold. The main reason you choose Medicare Plan G offered by one carrier versus another could come down to the price for which it’s sold. 

We give Plan G from each of the following Medicare Supplement carriers an “A+” rating based on the company’s reputation and financial strength:

Please note that not all of the companies listed above may offer Medigap Plan G in your area. Learn more about Medigap plans by visiting MedicareSupplement.com, and find the best 2021 Medicare Supplement Insurance company and plan for your individual needs

Learn about Medigap plans in your area

Visit MedicareSupplement.com

Is Medicare Plan G better than Plan F in 2021?

Medicare Plan G is one of the standardized Medigap plans that covers more out-of-pocket Original Medicare (Part A and Part B) costs than other Medigap plans.

Of the nine benefit areas included under Medicare Supplement Insurance, Plan G offers 100% coverage in seven areas and 80% coverage for foreign travel emergency care (which is the maximum allowed for this benefit area). 

The only benefit area that Plan G does not cover is the Medicare Part B annual deductible. 

Click here to view enlarged chart Scroll to the right to continue reading the chart
Medicare Supplement Benefits A B C* D F1* G1 K2 L3 M N4
Part A coinsurance and hospital coverage                    
Part B coinsurance or copayment             50% 75%    
Part A hospice care coinsurance or copayment             50% 75%    
First 3 pints of blood             50% 75%    
Skilled nursing facility coinsurance             50% 75%    
Part A deductible             50% 75% 50%  
Part B deductible                    
Part B excess charges                    
Foreign travel emergency     80% 80% 80% 80%     80% 80%
* Plan F and Plan C are not available to Medicare beneficiaries who became eligible for Medicare on or after January 1, 2020. If you became eligible for Medicare before 2020,... you may still be able to enroll in Plan F or Plan C as long as they are available in your area.

1 Plans F and G offer high-deductible plans that each have an annual deductible of $2,370 in 2021. Once the annual deductible is met, the plan pays 100% of covered services for the rest of the year. The high-deductible Plan F is not available to new beneficiaries who became eligible for Medicare on or after January 1, 2020.

2 Plan K has an out-of-pocket yearly limit of $6,220 in 2021. After you pay the out-of-pocket yearly limit and yearly Part B deductible, it pays 100% of covered services for the rest of the calendar year.

3 Plan L has an out-of-pocket yearly limit of $3,110 in 2021. After you pay the out-of-pocket yearly limit and yearly Part B deductible, it pays 100% of covered services for the rest of the calendar year.

4 Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to $50 copayment for emergency room visits that don’t result in an inpatient admission.
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Medicare Supplement Plan F is the only Medigap plan that offers more coverage than Plan G. However, Plan F is no longer available to new Medicare beneficiaries who became eligible for Medicare after January 1, 2020.

If you became eligible for Medicare before Jan. 1, 2020, you may be able to enroll in Plan F if it’s available where you live. You can also keep your Medicare Plan F if you were already enrolled in that plan.

This change in Medigap availability leaves Plan G as the most comprehensive Medicare Supplement Insurance plan in 2021 in terms of coverage. 

And any health care provider who accepts Medicare will also accept Medicare Supplement Insurance Plan G.

Medicare Plan G benefits review: Plan G offers comprehensive coverage and is the most complete Medigap plan available to new Medicare beneficiaries. We give Medicare Plan G an “A+” rating in terms of benefits.

Pros and cons of Medicare Plan G

Let’s review some of the pros and cons of Medicare Supplement Plan G. 

Medicare Plan G Pros Medicare Plan G Cons

One of the most comprehensive Medigap plans in terms of coverage

Doesn’t cover the Medicare Part B deductible ($203 per year in 2021)

Among the more affordable Medigap plans1

 

Widely available and popular among consumers

 

Has a high deductible option available in many areas, which offers lower monthly premiums in exchange for an annual deductible

 

Is Medicare Plan G worth it?

In 2018, the average Medicare Supplement Plan G premium was $122 per month. This was one of the lowest average monthly premiums of any standardized Medigap plan.1 

As previously mentioned, the only benefit area that is not covered by Plan G is the Medicare Part B deductible. However, the Part B deductible is only $203 per year in 2021.

When you consider all of the out-of-pocket Medicare costs that are covered by Plan G, you may begin to appreciate the plan’s value.

  • The Medicare Part A deductible for 2021 is $1,484 per benefit period, and you could potentially face multiple benefit periods within the same calendar year.

  • You are typically required to pay 20 percent of the Medicare-approved amount for outpatient services and items you receive (after you meet your Part B deductible for the year).

Out-of-pocket Medicare costs like these can add up quickly. Medicare Plan G can help give you greater cost certainty and protection from high out-of-pocket costs. 

Medicare Plan G value review: Medicare Plan G provides tremendous value as one of the more affordable Medigap plans offering among the most comprehensive coverage. We rate the value of Medicare Plan G as an “A+.” 

How popular is Medicare Plan G?

17 percent of all Medigap enrollees are enrolled in Plan G. Only Plan F had a higher number of enrollees.2

Medicare Plan G’s popularity is continuing to grow. Plan G experienced an enrollment growth of 39 percent from 2017 to 2018, which was by far the highest among any Medigap plan.

Plan G enrollment nearly tripled from 2015 to 2018.

66 percent of companies that sell Medicare Supplement Insurance offer Plan G.2

Medicare Plan G is available in all 50 states, Washington D.C., Puerto Rico, Guam and the U.S. Virgin Islands.

Medicare Supplement plan customer reviews 

Don’t just take our word for it! Watch the video below to hear some Medicare Supplement plan customer reviews, from MedicareSupplement.com.

How to shop for Medicare Plan G

Learn more about Medigap Plan G by visiting MedicareSupplement.com, and find the best 2021 Medicare Supplement Insurance company and plan for your individual needs.

Learn about Medigap plans in your area

Visit MedicareSupplement.com

 

1 TZ Insurance Solutions LLC internal sales data, 2019. This data is based on the Medicare Supplement Insurance policies TZ Insurance Solutions LLC has sold. It is not a comprehensive national average of all available Medicare Supplement Insurance plan premiums.

2 AHIP. (June, 2020). State of Medigap: Trends in Enrollment and Demographics. Retrieved from https://www.ahip.org/wp-content/uploads/AHIP_State_of_Medigap-2020.pdf.