With the cost of healthcare rising each year, it is important to understand your coverage options. Medicare Supplement Plan G is one of the most popular and comprehensive plans available, so if you are considering a plan for 2023, here’s what you need to know.
What Is Medicare Supplement Plan G?
Medicare Supplement Plan G is an insurance policy that pays some or all of your out-of-pocket costs associated with Original Medicare Part A and Part B. It covers copayments, coinsurance, and deductibles for hospital stays and doctor visits. It also provides coverage for emergency medical care abroad.
What Does Medicare Supplement Plan G Cover?
The coverage offered by Plan G includes:
• Hospitalization – Covers coinsurance charges for hospital stays up to a year after your original coverage period ends. It also pays for blood transfusions, nursing care, and other related expenses while hospitalized.
• Outpatient medical services – Covers copayments and coinsurance payments when you visit the doctor or have tests done at an outpatient facility like a lab or imaging center. It also covers diagnostic tests such as X-rays or MRIs.
• Emergency medical care – Pays 80% of eligible emergency room visits after you meet your deductible.
• Prescription drugs – Covers up to 50% of the cost of generic drugs prescribed by your doctor after you meet your deductible.
• Dental services – Pays 80% of the cost of dental services such as cleanings, fillings, root canals, crowns, extractions, dentures, bridges, and other dental work after you pay your deductible.
• Vision services – Pays 80% of the cost of vision exams such as eye exams and frames after you pay your deductible.
• Skilled nursing care – Covers some costs associated with skilled nursing care visits up to 90 days per benefit period after you meet your deductible.
What Is Not Covered by Medicare Supplement Plan G?
Medicare Supplement Plan G does not cover long-term care or custodial care (care provided in a nursing home). You will also have to pay any premiums associated with supplemental plans that provide additional benefits beyond those covered by Medicare Supplement Plans like prescription drug coverage or vision/hearing aids coverage. The plan also doesn’t cover any out-of-network costs unless they are medically necessary and preapproved by Medicare before being performed (in which case they may be partially covered). Finally, it does not cover hospice care or end-of-life expenses such as funeral costs or burial plots.
Conclusion: Knowing what is included in a Medicare Supplement Plan G for 2023 can help ensure that you get the most out of your coverage when using Original Medicare Part A & B services like hospitalizations & doctor visits but also know what isn’t covered under this plan include Long Term Care & Custodial Care among others so it’s important to understand both before deciding if this plan is right for you! If these benefits appeal to you then make sure to check with providers in your area who offer this plan come 2023 so that you can take advantage from day one!
