If you’ve been searching for a Medigap Plan G review, here is what you need to know! The article reviewing Medicare Supplement Plan F was such an awesome posting. So, we thought it was time to discuss Medicare Supplement Plan G coverage.
Medigap Plan G is now the #1 most frequently requested policy in our agency. Many people throughout the nation enrolled into a Medicare plan G.
This must be because its coverage is still almost as comprehensive as Medicare Plan F, but the premiums are usually much lower.
Let’s take a look at how the myriad of insurance carriers compare with their Plan G ratings.
Medigap Plan G Review
- Gerber Medigap Plan: A+
- Aetna Medigap Plan: A+
- Blue Cross Blue Shield Medigap Plan: A+
- Banker’s Life Medigap Plan: A+
- Cigna Medigap Plan: A+
- Manhattan Life Medigap Plan: A+
- Oxford Medigap Plan: A+
- Mutual of Omaha Medigap Plan: A+
- TransAmerica Medigap Plan: A+
- ANOTHER insurance carrier’s Medigap Plan G: Always an A+
With Medicare Supplements, they all deserve an A+ on benefits and coverage, exactly like with Plan F. Medicare Advantage plans are different because they can have hidden costs.
If you’re like me and you looked for a chart of insurance carriers with a list of 4 or 5 little gold starts in the standard “review” style, I’ll tell you now, this doesn’t exist for Medicare Supplements.
You won’t find this because the benefits for Medigap Plan G will be the same no matter which insurance company is offering the coverage.
Basically, there’s no Medicare Supplement Plan G that will pay better than the next carriers Medicare Supplement Plan G.
Since Medicare standardizes these plans, every Medicare Supplement Plan G will cover the same gaps in Medicare, no matter what. Medicare determines when and what to cover, so there is never a need to question what the Medicare Supplement company will approve.
For the Medigap policies, if Medicare pays its share, the Medicare Supplement will pay its share too. Therefore, in my opinion, each Medicare Supplement Plan G that exists should score an A+ on coverage and benefits. This is because it’ill pay exactly as Medicare ruled it to pay.
Many people have enrolled in Plan G through our agency with no problems and our reviews with the Medicare Supplement Plan G are excellent!
Choosing the Right Plan
I want to share some tips with you, mostly they’re general since everyone is different and we all have varied risk tolerances and different budgets.
Medicare Supplement Plan G Reviews with A and B Rated Carriers
No matter which company you choose, your benefits will be the same either way. There are so many different Medicare Supplement carriers out there. Plus, financial rankings from websites like A.M. Best can vary a bit.
In my option, we have many affordable, stable companies offering Medicare Supplement plans with A+ ratings.
Don’t enroll with a carrier that has average or below average ratings. Plenty A or B rated companies are available for you to choose from and their rates are incredible.
So, choose someone you can trust, a name brand that won’t leave the insurance or Medicare industry.
Compare Rate Trends Carefully
Medicare Supplement Plan G has had low price increases over the last couple years. The reason being, anyone who enrolls in Medicare Supplement Plan G must pay the Part B deductible out of their own pocket.
Although, the Part B deductible for 2019 is only $185. Most importantly, this little deductible requires clients to put some of their own money in the pot.
The idea is that Plan G beneficiaries aren’t as likely to see the doctor over a runny nose when they must pay the Part B deductible.
This is beneficial for you since the result is the insurance carrier incurring lower expenses for the group of insured getting coverage through Plan G.
The lower loss ratio benefits you also, it typically means lower premium increases for the next year.
An Insurance expert is able to provide you with a report showing rate increases with a variety of insurance carriers.
If a company experienced a 5% rate increase on Plan G in the last couple years and some other carrier has a 12% rate increase, you should consider this information when you’re choosing your insurance provider.
Customer Service from Your Broker, Not Your Insurance Company
Basically, each insurance company has a huge call center and if you call them, within minutes you’re connected to customer service agent for your issues.
There is nothing reassuring about this, why should you call a large insurance carrier call center to talk to an outsider that doesn’t know your situation.
Purchasing insurance at the same exact price, through a Medicare expert that can handle your customer service issues as well, that sounds like a winning choice
Working with a broker has great benefits, and plenty of excellent bokers that offer coverage in your region. The cost remains the same to you either way, but with a broker you can feel confident in your coverage.
You need a reliable broker on by your side when you reach Medicare eligibility. The broker should be a Medicare expert. Call us; it will ensure that you are well informed, understand your options, and any limitations.
It will also guarantee you are not compromising your needs to obtain an affordable premium. You can also compare rates online in your region using our rate form.