Most seniors in Illinois choose Medicare Supplement Plan G, due to the low out-of-pocket costs, and coverage for foreign travel. All plans offer a basic level of protection, but there are many different costs and coverage levels between them.
Standardized
Companies are required by law to sell standardized plans. Plan G from one company must include the same coverage as Plan G from another. However, Insurance companies are not required to charge the same amount for plans.
Coverage
Offers 100% coverage for Part A deductible ($1600) as well as coverage for the remaining charge of days 61-90 in the hospital after Medicare pays. For days 91 and beyond, 100% of eligible expenses and 365 extra days of coverage after lifetime reserves are used. Provides coverage for the remainder of any Medicare-approved amount (after Part B deductible is paid in full), 100% of Part B excess charges.
Med-Select Option
Plan G is available in both standard and Med-Select Options. Both offer identical coverage but have different provider requirements. With the standard plan, you can use any provider that accepts Medicare. In the Med-Select option, you pay a reduced premium by using Hospitals in the network for all non-emergency care. It is important to check that your local hospitals are listed before selecting this option. You must live within 30 miles of a network hospital.
Resources:
https://www.medicare.gov/supplement-other-insurance/compare-medigap/compare-medigap.html
MUC50-2017-BCBS
