What is Medicare Plan G?
Medicare Plan G is a Medicare Advantage Plan that offers prescription drug coverage. It is a private plan that is offered through a Medicare-approved private insurance company.
Medicare Plan G includes all of the benefits of Original Medicare, plus prescription drug coverage. This means that you will have access to all of the same doctors and hospitals that you do under Original Medicare, and you will also have coverage for your prescription drugs.
Who is eligible for Medicare Plan G?
You are eligible for Medicare Plan G if you are:
- Aged 65 or older
- Have End-Stage Renal Disease (ESRD)
How much does Medicare Plan G cost?
The cost of Medicare Plan G will vary depending on the insurance company that you choose. However, most Medicare Plan G plans have a monthly premium that is lower than the cost of buying prescription drug coverage through a standalone Part D plan.
How do I enroll in Medicare Plan G?
You can enroll in Medicare Plan G during the Annual Enrollment Period (AEP), which runs from October 15 to December 7 each year. You can also enroll in Medicare Plan G during the Medicare Advantage Open Enrollment Period, which runs from January 1 to February 14 each year.
What are the benefits of Medicare Plan G?
Medicare Plan G offers a number of benefits, including:
- Prescription drug coverage
- No deductible
- Low copays
- Extra help with prescription drug costs
What are the drawbacks of Medicare Plan G?
There are a few drawbacks to Medicare Plan G, including:
- You may have to pay a monthly premium
- You may have to choose a network of doctors and hospitals
- You may have to meet certain requirements to qualify for extra help with prescription drug costs