New for 2018—The letter G
In the alphabet soup of Medicare supplements, BCBSND is adding another letter—Plan G.
If you're enrolled in the government's Medicare plan, you're responsible for deductibles, coinsurance, routine physicals, eye exams and other charges. To cover those things not covered by basic Medicare, there's supplemental coverage available from private companies.
Supplements are standardized across companies, and what each plan can and cannot cover is governed by law. With the addition of Plan G, BCBSND offers six supplement plans—plans A, C, F, L, N, and now G.
Here are a few things to consider about Plan G:
- Plan G, along with its neighbor, Plan F, have the most comprehensive benefits available. These two plans are often compared to one another.
- Plans F and G are the only two supplements that cover costs known as Medicare Part B excess charges. That's the difference between what your provider charges and the amount Medicare will pay.
This benefit allows you to see doctors who don't otherwise see Medicare patients because of Medicare's payment schedule.
- Plan G does not cover your Medicare Part B deductible, which can vary from year to year. Medicare set the 2018 deductible at $183 per year per person. With Plan G, you pay out of pocket for outpatient expenses until you meet that deductible. The Center for Medicaid and Medicare (CMS) sets the Part B deductible each year. Insurance companies have no control over the amount of this deductible. The amount of the Part B deductible is likely to go up in the future.
- Because the deductible is not included in the plan, the cost of Plan G is lower than Plan F.
- Plan F will continue to be the only plan that covers 100% of your medical expenses for as long as you keep it.
Any way you look at it, Medicare is complex. Check out the Medicare education section of our site. Take your time making decisions, and consult with the experts if you need to. Keep in mind, they do this every day.
Read Common Medicare questions from the field