Medicare Blog: Moorestown, Cranford NJ

Supplement Plan G vs Plan F

8/13/2015

If you are familiar with Medicare Supplement Plan F, you should also be educated on Plan G.

There is only one difference in the two plans: Plan F covers the $147 Part B (Medical Outpatient) Deductible that Medicare does not cover, and Plan G does NOT cover this $147 annual deductible. This is the only difference between the types of Supplement Plans and Plan G could generally save you hundreds of dollars per year.

Here are two examples based on Aetna Health and Life Insurance non-smoking rates in PA (zip code 19154)

Example 1: 65 Year-Old Female

Plan F monthly premium: $158.52
Plan G monthly premium: $123.45
Monthly premium savings: $35.07
Annual premium savings: $420.84

Even if we assume the full $147 annual deductible is spent, this is still a savings of $273.84 per year.

Example 2: 70 Year-Old Male

Plan F monthly premium: $204.50
Plan G monthly premium: $160.77
Monthly premium savings: $43.73
Annual premium savings: $524.76

Even if we assume the full $147 annual deductible is spent, this is still a savings of $377.76 per year.

If you are on a Plan F and have no major health problems, give us a call now at 856-866-8900 (or 908-272-1970) and we can see if we can save you hundreds of dollars per year.

12 Comments

Frank R Kovilaritch Jr

8/5/2016 10:09:23 am

Can I just wait( cause I have plan F), until 2019 and get plan G then or will I have to answer the med. question and be disqualified
Thanks
Frank

Justin Lubenow

8/5/2016 12:44:57 pm

Hi Frank,
Thanks for reaching out. If you want to switch plans, you will need to answer Medical questions (whether you do so now or in 2019). If Plan G is something you are interested in, and you are healthy now, we don't recommend waiting, since health conditions could change in the next few years.
Feel free to give me a call on my direct line 908-272-1970 if you have further questions.

Thx,
Justin

Suzanne Smithson

11/8/2016 08:41:36 pm

I, too, have a Plan F. I was told y my present insurer that if I stay with Plan F, I can be grandfathered into the plan in 2020. Or, I can switch to Plan G or any other plan that is offered through them without having to go through an underwriting process/questionnaire, since it's considered a downgrade from Plan F. At the present time, said company does not offer Plan G in the state of Georgia.

Justin Lubenow

11/8/2016 08:48:41 pm

Hi Suzanne- we have heard some companies that will verbalized a rule, like you can downgrade (e.g. F to G) with no underwriting if you are just moving within the same carrier. We have also even heard of carriers verbalizing that you can upgrade (e.g. Plan N to Plan F) with no medical questions. However we have never seen this put in writing by a carrier and I would be weary to trust a "verbalized" rule that isn't documented anywhere. You should ask if they could send you a letter/email indicating that you could change at any time without medical questions.

P R Hurst

11/19/2016 01:37:15 am

Plan C also changes then right.? Is situation same as with F?
"GI" is not available with "G" correct?
Also in KY AARP(UHC) offers "N" with "GI". No one else seems to make it available.
Is there a single definitive source of info on all things supplemental?

Justin Lubenow

11/19/2016 07:18:00 am

Hi there,
Yes you are correct that Plan C follows the same rule as Plan F in 2020 since Plan C also covers the Part B deductible.
Plan G is not GI now but should become GI in 2020 since Plan F will not be available for new beneficiaries. There is not one centralized source for "all things supplemental". Medicare.gov is a good source and we try to provide additional /relevant content on our website: www.senior-advisors.com.

P R Hurst

11/19/2016 11:21:59 am

I am 69. Humana ended my Advantage plan for 2017. Good riddance. Have GI. F is dead. Evidently C is also. Can't get G with my Insulin dependency. What's my best option? AARP/UHC will give me N in KY for $121 honoring my GI (so they say) OR I'm thinking of starting a nationwide
"Seniors Drop Your Medicare" movement and suggest we just flood the emergency rooms etc."Buy yourselves one last steak dinner with your $105 and s***w 'em." Seriously what's your recommendation?
Thank you
Sincerely, "Diogenes"

UncleJr

2/1/2018 05:49:53 pm

I agree medicare is a crime. Taking 300 to $400 a month from seniors. I hear Bill Gates and Amazon are doing there own medical program soon for seniors. Cheap. I am going on medicare being forced on due to my SSDI, WILL I ALSO HAVE TO MEET THAT TIME LINE TO NOT ANSWER MED. QUESTIONS?

Justin Lubenow

2/1/2018 05:56:19 pm

After 24 months on SSDI, you become eligible for Medicare. Then, you are given a 6 month Medigap Open Enrollment period which means you can get a Medigap (aka Medicare Supplement) Plan with no medical questions. After that 6-month period, you would need to go through Medical UW to get a Supplement. When you Turn 65, you will get another 6-month Medigap Open Enrollment period with no medical questions. You can call me with any additional questions -908-481-5651

P R Hurst

11/19/2016 11:24:47 am

Postscript:
Any plan change after this will require Underwriting...correct?

Joan E Burgett link

2/24/2017 07:04:31 pm

I am a 74 yrs old woman, non smoker and in very good health. I enrolled in medigap plan F last Nov but find it too expensive .
How and when can l change plans? C
I am an AZ resident but am planning on a move to the northeast this year to be closer to my family. Which insurance company is recommended? When should l change plans?
Thank you for any help you can offer.
JoEllen

Justin Lubenow

2/24/2017 07:20:22 pm

Hi JoEllen,

You should be able to switch to a Plan G and save $600+ per year. Depending on where you are moving to in the Northeast, it may make sense to enroll in AZ before you move since AZ has some competitive rates. You can give me a call at 908-272-1970 x 100 and we I can help you further.

Supplement Plan G vs Plan F

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Justin Lubenow

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