Medicare Supplement – PLAN G
There are times when Medicare Supplement Plan G may be a better value than Medicare Supplement Plan F. Medicare Supplement Plan F is going to have a higher monthly premium. Total yearly premiums for Plan F can sometimes outweigh the value. What do we mean? The only difference in Plan F and Plan G is the Part B deductible. If an individual has Plan G, he or she has to pay the Part B deductible. The Part B deductible for 2025 is $257 for the calendar year.
Let’s put this comparison into a real life situation.
Mrs. Rogers is a 69 year old female who is wanting to compare Plan F to Plan G. Mrs. Rogers is married, so she qualifies for a household discount. The monthly cost for Plan F is $135. The monthly cost of Plan G for Mrs. Rogers is $95. Looking at those monthly premiums, Plan F costs $40 more per month. The difference for a year would be $480 more in premium for Plan F than Plan G. Remember, the only difference between the two plans is the Part B deductible of $257.
The only benefit that Mrs. Rogers would be getting from Plan F is that the Part B deductible ($257) is covered. Basically, if Mrs. Rogers selected Plan F, she would be paying the company a total of $480 more in premiums per year than if she had selected Plan G. If she had chosen Medicare Supplement Plan G, she would save $223 per year ($480 – $257). If saving money is a priority for Mrs. Rogers, then selecting Medicare Supplement Plan G would be a better option.
Be sure to check the overview of Plan G on our supplements overview page: Medicare Supplements, or if you prefer to view a holistic side-by-side Medigap plan overview head over to Medicare site by clicking HERE!
