Medicare Plan G Reviews: Best Medicare Supplement Plans in 2020

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 2020 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 2020?

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. 

Medicare Supplement Insurance Plans 2020
Medicare Supplement Benefits A B C D F G K L M N
Part A co-insurance and hospital costs
Part B co-insurance or co-payment 50% 75%
First 3 pints of blood 50% 75%
Part A hospice care co-insurance or co-payment 50% 75%
Co-insurance for skilled nursing facility     50% 75%
Medicare Part A deductible   50% 75% 50%
Medicare Part B deductible                
Medicare Part B excess charges                
Foreign travel emergency     80% 80% 80% 80%     80% 80%
1. Plans C and F are not available to new beneficiaries who become eligible for Medicare on or after January 1, 2020.
2. Plans F and G also offer a high deductible plan which has an annual deductible of $2,340 in 2020. 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 become eligible for Medicare on or after January 1, 2020.
3. Plan K has an out-of-pocket yearly limit of $5,880 in 2020. Plan L has an out-of-pocket yearly limit of $2,940 in 2020.
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 for emergency room visits that don’t result in an inpatient admission.
View an image version of this table.

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 2020 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 ($198 per year in 2020)

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. 

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 $198 per year in 2020.

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 2020 is $1,408 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?

13 percent of all Medigap enrollees belonged to Plan G by the end of 2017. Only Plan F had a higher number of enrollees. 

Medicare Plan G’s popularity is continuing to grow. Plan G experienced an enrollment growth of 31 percent from 2016 to 2017, which was by far the highest among any Medigap plan. Plan N had the next highest enrollment growth rate at 12 percent, and Medigap enrollment as a whole grew only 3 percent in that time.

Plan G enrollment more than doubled from 2014 to 2017.

62 percent of companies that sold Medicare Supplement Insurance offered 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 2020 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. The State of Medigap 2019. (May, 2019). Retrieved from www.ahip.org/wp-content/uploads/IB_StateofMedigap2019.pdff.