Top 5 Supplemental Insurance Plans For Baby Boomers

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2) Supplemental Insurance Plan G                                           (2 of 5)

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2) Supplemental Insurance Plan G                                           (2 of 5)

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After Plan F, Plan G lands the second spot as the most popular supplemental insurance program for baby boomers. Baby boomers that are willing to give a small yearly deductible should opt for Plan G. Plan G covers almost everything that Plan F covers, except it does not offer baby boomers with Part B deductible.

Still, even with Plan G, baby boomers will be able to save money, almost $300 each year, which is not bad. The supplemental insurance plan provides medical coverage for areas Medicare does not cover.

Even though Plan G does not provide baby boomers with Part B deductible, know that in 2016, the deductible amounts to only $166. For the first year you visit the hospital for care, you will have to pay the Part B deductible, but after that, Plan G will pay all of your hospital expenses. In brief, Medicare will pay 80 percent of an individual’s outpatient costs while the insurance supplement will pay the remaining 20 percent.

Regardless of the number of days you have to stay at the hospital, Plan G will cover your entire hospital expenses. Without Plan G coverage, you would have to pay an estimate $1,300 deductible and with it, you will not have to pay a cent, as the supplemental insurance plan would have all your expenses covered.

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