Fair Square Medicare Wordmark

Why You Should Keep Your Medigap Plan

Cover image
By Daniel Petkevich
Sep 21, 2023

Important Considerations:

Health becomes a top priority as we age, and having the right healthcare coverage is essential. Medicare Supplement Plan G (Medigap Plan G) is a reliable and cost-effective choice to complement Original Medicare coverage. In this article, we'll explore the benefits of retaining your Medigap Plan G and explain why keeping your plan is a good idea.

Stay Up to Date on Medicare!

Join the Fair Square Medicare Newsletter to stay informed on cost savings, changes to Medicare, and other valuable healthcare information.
Medicare Supplement Plan G
  1. Comprehensive Coverage: Plan G offers comprehensive coverage, filling the gaps left by Original Medicare (Part A and Part B).
  2. Predictable Costs: Your out-of-pocket costs are predictable and manageable. Once you meet the annual Part B deductible, the plan covers the rest of your Medicare-approved expenses for the year. This predictable structure provides financial peace of mind, especially for seniors on a fixed income.
  3. Freedom to Choose Doctors: Unlike Medicare Advantage Plans, which often restrict you to a network of healthcare providers, Medigap Plan G allows you to see any healthcare provider who accepts Medicare. You don't need referrals to see specialists; you can receive care from the doctors and hospitals you trust.
  4. No Copayments for Doctor Visits: Medigap Plan G covers your Part B coinsurance and excess charges, meaning you won't have copayments for doctor visits and other outpatient services, saving you money.
  5. Stability: Once you enroll in a Medigap plan, you can keep it for as long as you want, as long as you pay the premium. The benefits and coverage won't change so you know what to expect.
Advantage Plans
  1. Network Restrictions: You are often limited to a network of providers, and out-of-network care can result in higher costs.
  2. Cost Structure: Typically have copayments, deductibles, and varying cost-sharing structures, which can be challenging to predict.
  3. Yearly Changes: Advantage plans can change their benefits, formularies, and networks yearly, potentially leading to coverage gaps and higher out-of-pocket costs.
Qualifying for Medigap Plans as You Age
Qualifying for a Medigap plan becomes more challenging as you age. The best time to enroll in a Medigap plan is when you turn 65 (or start Medicare Part B). During this period, insurance companies can't deny you coverage or charge higher premiums based on your health status. If you apply for Medigap plans later, you'll likely have to pass Medical Underwriting, which allows insurers to consider your health conditions when deciding whether to offer coverage and at what price. Pre-existing conditions could result in higher premiums or even denial of coverage. These factors can make it very difficult to return to your Medigap plan if you decide to leave it.
Conclusion
Retaining your Medicare Supplement Plan G offers many benefits, including comprehensive coverage, predictable costs, and the freedom to choose your healthcare providers. While it may be tempting to enroll in an Advantage plan you see advertised, it's essential to consider the impact changing plans could have on your future. Making a change without talking to an Expert could lead to long-lasting consequences. Schedule an appointment with one of our Medicare Experts at

fairsquaremedicare.com

or by calling us at 1-888-454-2383.

Stay Up to Date on Medicare!

Join the Fair Square Medicare Newsletter to stay informed on cost savings, changes to Medicare, and other valuable healthcare information.

Recommended Articles

Cover image
Medicare Advantage MSA Plans
May 17, 2023
Doctor physician consulting with male patients in hospital exam room stock photo
Is PAE Covered by Medicare?
Nov 23, 2022
Washington DC stock image
14 Best Ways for Seniors to Stay Active in Washington, D.C.
Mar 11, 2023
male driver taking notes from behind the wheel stock image
Does Medicare Cover Driving Evaluations?
Dec 1, 2022
Modern endoscope in hands of experienced medical worker stock photo
How Does Medicare Cover Colonoscopies?
Dec 27, 2022
Close up of a senior clutching their right wrist in pain stock photo
Does Medicare Cover Cala Trio?
Nov 23, 2022
Illustrated referential images of a hospital bill, coins, cash in a wallet, a calculator, and a magnifying glass
What Are Medicare Part B Excess Charges?
Jan 6, 2023
San Diego waterfront stock photo
Top 10 Physical Therapy Clinics in San Diego
Nov 18, 2022
Fair Square
Building the Future of Senior Healthcare
Aug 25, 2022
Cover image
Does Medicare Cover Shock Wave Therapy for Plantar Fasciitis?
Nov 30, 2022
Fecal microbiota transplant from healthy in unhealthy intestine, FMT. Improvement intestinal microflora and normalization stool by introducing beneficial bacteria in bowel colon tract. Vector stock illustration
Does Medicare Cover an FMT?
Dec 2, 2022
Fair Square
Do I Need to Renew My Medicare?
Nov 29, 2022
Cover image
Why You Should Keep Your Medigap Plan
Sep 21, 2023
Senior man receiving care from an optometrist stock photo
Does Medicare Cover Cataract Surgery?
Dec 22, 2022
Medicare Explained Thumbnail
Medicare Explained
Jan 3, 2022
Cover image
Does Your Plan Include A Free Gym Membership?
Jul 12, 2023
Medsupp Thumbnail
Plan G vs. Plan N
Jan 28, 2022
senior man reaching to his ear with jumbled letters going into the ear stock image
Does Medicare Cover Hearing Aids?
Nov 9, 2022

More of our articles

13 Best Ways for Seniors to Stay Active in Philadelphia

20 Questions to Ask Your Medicare Agent

Can Doctors Choose Not to Accept Medicare?

Can I Change My Primary Care Provider with an Advantage Plan?

Can I Choose Marketplace Coverage Instead of Medicare?

Can I Laminate My Medicare Card?

Can I switch From Medicare Advantage to Medigap?

Can Medicare Advantage Plans be Used Out of State?

Can Medicare Help with the Cost of Tyrvaya?

Costco Pharmacy Partners with Fair Square

Do All Hospitals Accept Medicare Advantage Plans?

Do I Need Medicare If My Spouse Has Insurance?

Does Medicare Cover Abortion Services?

Does Medicare Cover Air Purifiers?

Does Medicare Cover Compounded Medications?

Does Medicare Cover Cosmetic Surgery?

Does Medicare Cover COVID Tests?

Does Medicare Cover Diabetic Eye Exams?

Does Medicare Cover Disposable Underwear?

Does Medicare Cover Exercise Physiology?

Does Medicare Cover Flu Shots?

Does Medicare Cover Hoarding Cleanup?

Does Medicare cover Hyoscyamine?

Does Medicare Cover Incontinence Supplies?

Does Medicare Cover Inqovi?

Does Medicare Cover Inspire for Sleep Apnea?

Does Medicare Cover Iovera Treatment?

Does Medicare Cover Jakafi?

Does Medicare Cover Lipoma Removal?

Does Medicare Cover LVAD Surgery?

Does Medicare Cover Medical Marijuana?

Does Medicare Cover Mouth Guards for Sleep Apnea?

Does Medicare Cover Nexavar?

Does Medicare Cover Nuedexta?

Does Medicare Cover Ofev?

Does Medicare Cover Orthodontic Care?

Does Medicare Cover Penile Implant Surgery?

Does Medicare Cover PTNS?

Does Medicare Cover SIBO Testing?

Does Medicare Cover the Urolift Procedure?

Does Medicare Pay for Funeral Expenses?

Does Medicare pay for Opdivo?

Does Medicare Require a Referral for Audiology Exams?

Estimating Prescription Drug Costs

Explaining IRMAA on Medicare

Finding the Best Dental Plans for Seniors

How Are Medicare Star Ratings Determined?

How Do I Sign up for Medicare? A Simple How-To Guide For You

How Do Medicare Agents Get Paid?

How Do Medigap Premiums Vary?

How Medicare Costs Can Pile Up

How Much Does a Medicare Coach Cost?

How Much Does Medicare Part B Cost in 2023?

How Much Does Open Heart Surgery Cost with Medicare?

How Much Does Rexulti Cost with Medicare?

How to Deduct Medicare Expenses from Your Taxes

Is Balloon Sinuplasty Covered by Medicare?

Is Displacement Affecting Your Medicare Coverage?

Is Emsella Covered by Medicare?

Is Fair Square Medicare Legitimate?

Is HIFU Covered by Medicare?

Is Vitrectomy Surgery Covered by Medicare?

Medicare Guaranteed Issue Rights by State

Saving Money with Alternative Pharmacies & Discount Programs

Should You Work With A Remote Medicare Agent?

The Fair Square Bulletin: August 2023

The Fair Square Bulletin: July 2023

The Fair Square Bulletin: June 2023

What Is the Medicare Birthday Rule in Nevada?

What To Do If Your Medicare Advantage Plan Is Discontinued

What's the Deal with Flex Cards?

Will Medicare Cover Dental Implants?

Your Medicare One-Stop-Shop

Your guide to Medicare Parts A & B, Medicare Advantage, and Medigap. 100% free.
Get the Fair Square Bulletin

Medicare savings tips, helpful guides, and more.

About

Medicare 101

Current Clients

Medicare Supplement Plans

Medicare Advantage Plans

Fair Square 2024

Terms of Use
Notice of Privacy Practices

Virgil Insurance Agency, LLC (DBA Fair Square Medicare) and www.fairsquaremedicare.com are privately owned and operated by Help Button Inc. Medicare supplement insurance plans are not connected with or endorsed by the U.S. government or the federal Medicare program. This is a solicitation of insurance. A licensed agent/producer may contact you. Medicare Supplement insurance is available to those age 65 and older enrolled in Medicare Parts A and B and, in some states, to those under age 65 eligible for Medicare due to disability or End-Stage Renal disease. Virgil Insurance Agency is a licensed and certified representative of Medicare Advantage HMO, HMO SNP, PPO, PPO SNP and PFFS organizations and stand-alone PDP prescription drug plans. Each of the organizations we represent has a Medicare contract. Enrollment in any plan depends on contract renewal. The plans we represent do not discriminate on the basis of race, color, national origin, age, disability, or sex. Plan availability varies by region and state. For a complete list of available plans please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov. © 2024 Help Button Inc

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.

MULTIPLAN_FairSquareMedicare_01062022_M