What Is Medicare G?
Medicare G is a voluntary program where Medicare is combined with private health insurance to help cover your out-of-pocket costs for health care services. Medicare G is often called the “gap” because it is intended to cover your out-of-pocket costs once your health plan has paid its limit. Medicare G is only for people who have Medicare and private health insurance (like a Medigap policy) and do not have employer health insurance.
What does Medicare G cover?
Medicare G does not cover your Medicare Part A (hospital) deductible and Part B (medical) deductible. It also does not pay for your Medicare Part B copayments or coinsurance, or any Medicare Part B excess charges. If you have Medicare G, it won't cover prescription drugs or other costs like hearing aids, eye exams, or dental care. Medicare G will only cover health care costs that are not covered by your Medigap plan.
Will Medicare G cover my Medicare Part B premiums?
No, Medicare G will not cover your Medicare Part B premiums.
Does Medicare G pay for my Medigap premiums?
No, Medicare G will not cover your Medigap premiums.
Does Medicare G pay for my Medicare Part D premiums?
No, Medicare G will not cover your Medicare Part D premiums.
Do I need Medicare G?
You may want to consider Medicare G if you know you will need to pay more than your usual monthly Part B premium for drugs covered by Medicare Part D. As with any Medicare supplement insurance, you should compare the benefits of Medicare G with your current Medigap policy to decide if this would be a good option for you.
What should I know about Medicare G?
Medicare G can only be purchased by people who are eligible for Medicare and who have Medigap.
If you don't have Medigap, you can buy Medicare G right away.
If you do have Medigap, you are not required to purchase Medicare G. You can decline and still keep your current Medigap policy.
You should compare your current Medigap policy with Medicare G to decide whether Medicare G is a better option for you. You can request a brochure on Medicare G from us, or you can read more about Medicare G on the Medicare website.
Benefits of Medicare G vary from one insurance company to another. You should request a brochure from each company to determine if Medicare G is a better option for you.
If you do decide to purchase Medicare G, you can change to a different company once a year.
You do not need to purchase Medicare G at the same time you enroll in Medicare or Medigap. You can purchase it later, but only during certain “open enrollment” periods. You should consider the costs of Medicare G and how it will affect your out-of-pocket health care costs for the year.
You can choose to purchase Medicare G only for the months you need it. For example, if you know you will need it only during the months you need a Part D drug plan for prescription drugs, you can wait to buy Medicare G during those months. This could be beneficial for you if you do not need Medicare G for other months.
You can choose to purchase Medicare G only for the months your Part D premiums are higher than your Medicare Part B premium. If you know your Part D premiums will be lower than your Part B premium, you can wait to buy Medicare G for the months when Part D premiums are higher.
You should contact your insurance company to purchase Medicare G. You should also be aware that some insurers may not sell Medicare G if you have Medicare Part D or you have a Medigap plan with “gap” coverage.
If you have a policy from the same insurance company that covers both Medicare Part B and Medicare Part D, you can add Medicare G to that policy.
If you have a policy from a different insurance company that covers only Medicare Part B or Part D, you should contact your current insurer to see if it sells Medicare G.
If you have a Medicare Advantage plan, you should contact your plan provider to determine whether you can purchase Medicare G.
If you are considering Medicare G, you should consider all your health care costs for the year to decide if this is a good choice for you.
Will Medicare G change my Medicare?
Medicare G can be added to your Medicare whenever you want, as long as you are eligible for Medicare Part A and Part B and have Medigap. You can change your Medicare G once a year.
How can I compare Medicare G with my current Medigap policy?
You should compare your current Medigap policy with Medicare G to decide if Medicare G is a better option for you. You can request a brochure on Medicare G from us, or you can read more about Medicare G on the Medicare website.
When can I add Medicare G?
You can add Medicare G to your Medicare (Part A and Part B) at any time, as long as you have a Medigap policy.
When can I change Medicare G?
You can change your Medicare G policy any time of the year, as long as you are eligible for Medicare Part A and Part B and have a Medigap policy.
How do I purchase Medicare G?
What is the Part D initial coverage limit?
The Part D initial coverage limit (ICL) is the most you pay for covered prescription drugs in the initial coverage period. You may have to pay all covered amounts up to this limit. However, once the initial coverage period ends, you will only pay a small amount for