If you’ve been searching for Medicare Plan G reviews, look no further. The article on Medicare Plan F reviews was such a great post that we thought it was time to write about Medicare Supplement Plan G policies.
Medicare Plan G has become the new #1 most-requested policy at our agency. People across the nation are enrolling into a Medicare plan G in record numbers.
This must be because its coverage is still almost as comprehensive as Medicare Plan F, but the premiums are usually much lower.
Let’s see how various insurance companies compare with their Plan G ratings.
Medicare Plan G Reviews
- Aetna Medicare Supplement Plan G: A+
- Banker’s Life Medicare Supplement Plan G: A+
- Blue Cross Blue Shield Medicare Supplement Plan G: A+
- Cigna Medicare Supplement Plan G: A+
- Gerber Medicare Supplement Plan G: A+
- Manhattan Life Medicare Supplement Plan G: A+
- Mutual of Omaha Medicare Supplement Plan G: A+
- Oxford Medicare Supplement Plan G: A+
- TransAmerica Medicare Supplement Plan G: A+
- ANY OTHER insurance company’s Medicare Plan G: A+
With Medicare Supplements, they all deserve an A+ on coverage and benefits, just 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 list of insurance companies with a list of 4 or 5 little gold starts in the traditional “review” style, I will tell you this doesn’t exist for Medicare Supplements. The reason you won’t find it is simple, the benefits for Plan G are the same no matter which insurance company is offering the coverage.
Basically, there is no Medicare Supplement Plan G that will pay any better or any worse than the next company’s Plan G policy.
Since Medicare standardized these plans that means that every Medicare Supplement Plan G will cover the same gaps in Medicare. Medicare tells them when and what to pay, so there is never a need to worry that a Medicare Supplement company will deny a bill.
For the Medigap policies, if Medicare pays its share, the Medicare Supplement will pay its share too. Therefore, in my opinion, every Medicare Supplement Plan G out there scores an A+ on benefits, because it will pay exactly as Medicare has ruled it to pay.
Many people have enrolled in Plan G through our agency with no problems and our Medicare Supplement Plan G reviews are all great!
How to Choose the Right Plan
I want to give you some pointers, these are general since everyone is different and we all have different risk tolerance and different budgets.
Medicare Plan G Reviews with A or B Rated Companies
No matter which company you choose, your benefits will be the same either way. There are so many different Medicare Supplement companies out there, and financial ratings from companies like A.M. Best can vary a bit.
In my option, we have so many competitively priced, reliable companies offering Medicare Supplement plans with A ratings. There is no reason to settle for a company with average or below average ratings. Plenty of A and B rated carriers are available for you to choose from and their rates are phenomenal, so don’t settle.
Compare Rate Trends Carefully
Medicare Supplement Plan G has had low rate increases in the last several years across the board. The reason for this is that people who enroll in Plan G must pay their own Part B deductible. The Part B deductible for 2019 is $185, but the important part is that all Plan G clients have a little skin in the game, so to speak.
The idea is that Plan G beneficiaries are less likely to go to see a doctor for a sniffle when they themselves must pay the Part B deductible.
The result of this is that the insurance companies often incur lower losses for their group of people on Plan G. Lower loss ratios benefit you as well, because it means lower rate increases the next year.
Any Medicare insurance broker should be able to provide you with a report that shows the rate increases for various insurance companies. If one company has a 5% rate increase for Plan G in the last two years and another has a 10% rate increase history, you can consider this information when you’re choosing your insurance provider.
Customer Service from Your Agent, Not Your Insurance Company
Basically, all insurance companies have a huge call center where you can call and within minutes you’re connected to customer services for your issues. This is really not a fun thing to do, why should you call a huge insurance company call center to talk to a stranger that doesn’t know you.
You can purchase your insurance for the same price through an insurance expert that will handle your customer service issues as well.
There are many good reasons to work with an insurance agent, and lots of great agents that offer plans in your area. Your cost is the same and there is absolutely no charge for services provided by an agent to you.
You want someone on your side when it comes to your Medicare, they should be an expert. Give us a call; this 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 area using our rate form.