What is the deductible for plan G in 2023?

For standard Medicare Plan G in 2023, you only pay the Medicare Part B deductible, which was $226 for the year, while High-Deductible Plan G (HDG) required paying the Part B deductible first, then an additional $2,700 before it covered costs. So, for standard Plan G, the 2023 deductible was the Part B amount; for HD Plan G, it was the Part B deductible plus the $2,700 high deductible.

What is Plan G deductible for 2023?

Effective January 1, 2023, the annual deductible amount for these three plans is $2,700. The deductible amount for the high deductible version of plans G, F and J represents the annual out-of-pocket expenses (excluding premiums) that a beneficiary must pay before these policies begin paying benefits.

What is the disadvantage of Plan G?

The main disadvantages of Medicare Plan G are that it requires you to pay the annual Medicare Part B deductible out-of-pocket, doesn't cover prescription drugs (requiring a separate Part D plan), and excludes dental, vision, and hearing care, often leading to higher premiums than less comprehensive plans. It also means managing two separate policies (Medigap + Part D) and can have enrollment restrictions if you're outside guaranteed periods, notes Omaha Insurance Solutions.
 

What is the deductible for Medicare Supplement Plan G?

For standard Medicare Plan G, the only deductible you pay is the annual Medicare Part B deductible, which is $283 in 2026, after which the plan covers all remaining Medicare-approved costs. There's also a separate $250 deductible for foreign travel emergencies, and a High-Deductible Plan G (HDG) option requires paying up to the Part B deductible plus an additional amount (around $2,950 in 2026) before coverage begins, notes CMS.gov. 

What is the difference between Plan G and high deductible Plan G?

High-Deductible Plan G is much like the standard Plan G, except it covers all Medicare approved hospital and medical costs once the total deductible of $2,870 is met. Medicare continues covering 80% of costs after the Part B deductible is met, but before the High-Deductible G deductible is met.

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Does Plan G pay for deductible?

Yes, Medicare Plan G covers the Part A deductible and most other costs, but you must first pay the annual Medicare Part B deductible yourself before Plan G starts paying for Part B services, with the exception of High-Deductible Plan G which has a higher upfront deductible before it covers anything. After paying that Part B deductible, Plan G covers the rest of your Medicare-approved costs, like copays, coinsurance, and Part A deductibles, leaving you with very few out-of-pocket expenses. 

Is Plan G high deductible worth it?

Yes, High Deductible Plan G (HDG) can be worth it if you're healthy and want lower monthly costs, as it offers the same comprehensive coverage as standard Plan G after you meet a higher annual deductible (around $2,950 for 2026), saving significantly on premiums but requiring you to pay more upfront before benefits kick in. It's great for saving money if you rarely use medical services, but risky if you have frequent needs, as costs become unpredictable and switching later can be hard. 

Can I deduct Medicare part G premiums on my taxes?

Yes, your Medicare premiums can be tax deductible as a medical expense if you itemize deductions on your federal income tax return. You can only deduct medical expenses after they add up to more than 7.5 percent of your adjusted gross income (AGI).

Who has the best Plan G Medicare Supplement?

There's no single "best" Plan G provider, as it depends on your needs, but top-rated companies often include AARP/UnitedHealthcare (overall best/membership perks), Wellabe/Mutual of Omaha (low prices/variety), Anthem (extra benefits/BCBS network), and State Farm (customer satisfaction). Since Plan G benefits are standardized by Medicare, differences lie in pricing, discounts, service, and extra perks, so compare quotes in your area from carriers like Aetna, Cigna, and Humana. 

What is not covered under Plan G?

Medicare Plan G doesn't cover prescription drugs (requiring a separate Part D plan), routine dental, vision (like glasses/contacts), hearing aids, long-term care, private-duty nursing, or the annual Medicare Part B deductible, but it covers nearly everything else Original Medicare doesn't pay after you meet that deductible, making it very comprehensive.
 

Can I drop my medicare advantage plan and go back to original Medicare?

Yes, you can drop your Medicare Advantage (MA) plan and return to Original Medicare, typically during the Annual Enrollment Period (AEP) (Oct 15–Dec 7) or the MA Open Enrollment Period (OEP) (Jan 1–Mar 31), though you may qualify for a Special Enrollment Period (SEP) if you move or have other qualifying life events, but be aware you'll need to get a Part D plan and might want a Medigap plan to help with costs. 

What does Dave Ramsey say about Medicare?

Dave Ramsey's Medicare advice centers on planning ahead, understanding enrollment periods to avoid penalties, using Health Savings Accounts (HSAs) if possible, and supplementing Original Medicare with Medigap or Medicare Advantage (Part C) to cover gaps like dental, vision, and long-term care, stressing that mistakes can be costly and recommending expert advice for personalized choices. 

Do Plan G premiums increase with age?

Yes, Plan G premiums can increase with age, but it depends on the insurer's pricing method: Attained-Age plans raise rates as you get older, making them cheaper at first but pricier later; Issue-Age plans lock in your initial enrollment age, so premiums don't rise due to age; and Community-Rated plans charge everyone the same, regardless of age, though all types can see increases from inflation. 

Why is a plan G better than an advantage plan?

In contrast, Medicare Advantage plans often require referrals and limit care to a specific network of providers. Plan G gives you budget-friendly predictability. After you meet your annual Medicare Part B deductible (just $240 in 2025), Plan G covers nearly all other out-of-pocket costs.

Is Medicare Supplement Plan G high deductible 2025?

The Medicare High-Deductible Plan G (HD-G) for 2025 requires you to pay the first $2,870 in Medicare-covered costs (like coinsurance and deductibles) before the plan pays, plus a separate $250 foreign travel emergency deductible, offering lower premiums for comprehensive coverage after the deductible is met. It's ideal for healthy, budget-conscious individuals seeking significant savings on monthly costs in exchange for higher out-of-pocket spending until the deductible is met, with full benefits like no Part B excess charges and no referrals needed.
 

What is the average premium for Plan G?

The average monthly premium for Medicare Plan G typically falls between $120 to $220, but can range widely from under $100 to over $300, even reaching over $1,000 in some areas, depending heavily on your age, gender, location, and tobacco use, with some sources showing 2025 averages around $155-$164 monthly before recent rate hikes, notes MedicareSupplement.com. 

Is it better to go on Medicare or stay on private insurance?

Neither Medicare nor private insurance is universally "better"; the best choice depends on individual needs, but Medicare often offers lower overall costs and simplicity for seniors, while private insurance excels in covering dependents and potentially offering more choice with networks/out-of-pocket caps, though at higher premiums. Medicare boasts lower admin costs and standardized coverage, but Original Medicare lacks an out-of-pocket maximum, a feature typically found in private plans and Medicare Advantage (Part C). 

What is the best prescription drug plan for seniors on Medicare?

There's no single "best" Medicare Part D plan; it depends on your medications and budget, but top-rated providers for low costs/premiums often include Humana, Wellcare, UnitedHealthcare (AARP), and Cigna, with Humana Value Rx and UHC's AARP plans frequently highlighted for low deductibles or $0 options for generics, while the official Medicare Plan Finder (Medicare.gov) is the essential tool for comparing plans in your specific area. Always check the plan's formulary (drug list) and pharmacy network against your needs. 

What is the new $6000 tax deduction for seniors?

Joint filers over 65 will be able to deduct up to $46,700 from their 2025 return. The standard deduction has been super-sized for seniors. Thanks to provisions in the One Big Beautiful Bill Act, taxpayers 65 and older can claim an additional $6,000 without itemizing their deductions.

Is there a deductible for part G?

Yes, standard Medicare Plan G doesn't have its own deductible; instead, you first pay the annual Medicare Part B deductible (around $283 in 2026), and then Plan G covers all other Medicare-approved costs like Part B coinsurance and Part A deductibles. There's also a High-Deductible Plan G, which requires you to pay a much larger calendar-year deductible (e.g., $2,950 in 2026) before it pays anything, making premiums lower but out-of-pocket costs higher initially.
 

Can I deduct my healthcare premiums from my taxes?

You may be able to deduct the amount you paid for health insurance, which includes medical, dental, and vision insurance and qualified long-term care insurance for yourself, your spouse, and your dependents.

What is the best carrier for Medicare Plan G?

UnitedHealthcare is the best Plan G Medicare Supplement (Medigap) provider of 2026, according to Investopedia research. Anthem and State Farm are two more excellent options. Plan G is the most popular Medigap plan, and it's the most comprehensive for people who turned 65 on or after Jan. 1, 2020.

Is it better to have a $500 deductible or $1 000 health insurance?

Doubling your deductible to $1,000 could save you up to 40 percent. For example, on average, a $500 deductible costs $125/month, or $1,500/year, in premiums. The average for a $1,000 deductible is about $110/month, or $1,337/year.

What are the disadvantages of Medicare Plan G?

The main disadvantages of Medicare Plan G are its potentially higher monthly premiums compared to other plans, the requirement to pay the annual Medicare Part B deductible out-of-pocket first (though it covers everything else after), and the lack of built-in coverage for things Original Medicare doesn't cover, like routine dental, vision, hearing, and prescription drugs (Part D), requiring separate policies.