Cheapest Medicare Supplement Plan G in NJ
Medicare Plan G is my number one choice for a Medigap Plan in NJ. We sell the most of the Medigap Plan F but that is because a lot of people feel most at ease with that plan.
Medicare Supplement Plan G Benefits
As you can see in the chart above, Plan G is identical to Plan F except that you have to pay your $140 Part B deductible. After that, everything is covered 100%.
Plan G Rates for Female Age 65 Absecon, NJ 08201
Plan G Rates for Male Age 65 Absecon, NJ 08201
Like all of the supplement plans, Plan G is portable so you can take it with you throughout the country. Also since Plan G picks up excess charges, there is no worry about your physician accepting Medicare assignment. In addition, Plan G also has some limited Foreign Travel Emergency Benefits.
Medicare Supplement Plan G vs Plan F
Many people buy Plan F thinking it is the best option. In many ways it is but Plan G is usually the best buy when comparing the two. As long as the annual premium for Plan G is at least $140 less than the cheapest Plan F, I would buy G every time.
Another thing to consider is that there is a lot of adverse selection in Plan F. That plan tends to draw in people that have higher claims on average so the pool of individuals will tend to have higher rate increases over time. You can potentially sidestep some of that adverse selection by taking Plan G instead.
Medicare Supplement Plan G Drawbacks
Since Plan G is one of the best options, it is also the second most expensive. Before purchasing this plan you must be prepared to pay increasing prices as you get older. These plans are medically underwritten when you are out of your guaranteed issue period so there is the possibility that you won’t qualify for other coverage later if you find you can’t afford this plan.
If you are interested in Plan G, I would love the opportunity to earn your business. Please contact me for your:
Read more about NJ Medicare Supplement Plans