The only difference between Medicare supplement plan G and F is the Part B deductible. Plan F will pay the deductible and Plan G will not. It’s that simple.
Plans F and G are the only Medicare Supplement insurance plans that cover costs known as Medicare Part B excess charges. An excess charge is the difference between what a doctor or provider charges and the amount Medicare will pay. These plans will help protect you from additional out-of-pocket expenses should you need treatment that exceeds what Medicare will approve. Plans F and G cover 100% of the Medicare Part B excess charges.
Basic Medicare benefits for plan G and F includes:
Hospitalization: pays Part A coinsurance plus coverage for 365 additional days after Medicare benefits end
Medical Expenses: pays Part B coinsurance — generally 20% of Medicare-approved expenses — or copayments for hospital outpatient services
Blood: pays for the first three pints of blood each year
Hospice care: pays Part A coinsurance
In addition to the basic benefits, Plan F and G also provide coverage for:
Skilled nursing facility care
Medicare Part A deductible for hospitalization
Medicare Part B excess charges (this is the difference between what a doctor or provider charges and the amount Medicare will pay up to Medicare’s limiting amount)
Travel-abroad medical emergency help
*Plan F also has a high-deductible option. If you choose the high-deductible option on Medicare Supplement Plan F, you have to pay a deductible of $2,200 for 2017 before the plan pays anything. This amount can go up each year. High-deductible policies have lower premiums, but if you become sick, you’ll have higher out-of-pocket costs. Depending on where you live, you may be eligible for Medicare Select Plan F.