You may have heard Medicare has different “parts” or “plans.” This can be very confusing. This article will help you better understand how the different parts of Medicare work. Original Medicare is made up of two parts; A and B. Parts A and B are administered by the U.S. government. These are the only parts […]
Medicare Supplement Plan G (also referred to as the “value plan”) has become the most popular Medigap plan among our clients. It is very similar to plan F, with the exception that the Medicare Part B deductible is not covered. After the deductible, Plan G provides full coverage for copays, coinsurance, the Part A hospital deductible and the 20% that Part B does not cover.
Medicare alone is confusing enough, to make things even more confusing there are plans that supplement your original Medicare. There are two type of plans to choose from, Medicare Advantage plans and Medicare supplement plans. To understand what type of plan is better for you we will first cover the basics: