Plan F vs Plan G are the two Medicare Supplement plans that will cover any Medicare Part B excess charges. If you’re like most people, you want your plan to cover as many of your healthcare expenses as possible. This is why most enrollees choose the most comprehensive plan, Plan F. But another plan, Plan G, offers almost the same benefits as Plan F and may cost much less.
Medicare Plan F vs Plan G: What’s the Difference
The Medicare Part B deductible changes each year, please reach out to one of our Medicare agents to find out what the amount is this year.
Here are the benefits that both plans offer:
- Coinsurance for hospital costs for up to 365 days after Medicare Part A benefits have been used up
- Medicare Part B coinsurance or co-payments
- Coinsurance for skilled nursing facility care
- Pays the Medicare Part A deductible
- Pays Medicare Part B excess charges
- Foreign travel emergency costs, up to plan limits
- Medicare Part B preventive care coinsurance
With Plan F, you never pay anything out of pocket for doctors, hospitals, or any of the other services covered by Medicare Parts A and B. The only payment you make is your monthly premium.
Plan G also covers all your Medicare Part A expenses. But for doctor visits and other Part B services, you must pay the Part B deductible out of your own pocket one time per calendar year.
After you’ve met your deductible, Medigap Plan G covers all your expenses, the same as Plan F.
Which is Better: Medicare Plan F vs Plan G
The plan that’s best for you will depend on how often you go to the doctor and how much the plans cost. Most people can safely expect that as they age, they will spend at least the Part B deductible amount per year in doctor bills and other Part B costs, thus meeting the Medicare Part B deductible.
However, Medicare Plan F plans complete coverage comes at a cost. Plan F premiums are usually higher than the premiums for Plan G.
Suppose you expect to spend over $183 on doctors each year, and that the Plan F premium is $30 a month more than the Plan G premium.
By choosing Plan G, you’ll save $360 a year in premiums, versus a $183 deductible savings by choosing Plan F.
Additional Questions Regarding Medicare Plan F and Plan G
Is there a difference between Mutual of Omaha Plan F vs Plan G?
Regardless of the carrier you choose, the benefits are going to be the same. The only difference between the carriers is the pricing method they use to determine your premiums. The only difference between Mutual of Omaha Plan F vs Plan G is the cost and that one pays your Part B deductible.
Compare Prices for Medicare Supplement Plans F and G
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Contact us and compare prices for Medicare Supplement Plans F and G with all the top insurance companies.
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