Plan G

Plan G has recently become more popular than Plan F. Plan G often has much lower premiums, which may result in an annual savings between $500-$1000. In addition, Plan G has much lower annual rate increase history compared to Plan F. Plan G’s average rate increases are usually 0-10% per year. Most importantly, there is only one main difference between Plan F and a plan G; Plan G does not cover the Part B annual deductible which is $226 in 2023. Nevertheless, the significant annual savings with Plan G makes this plan the most cost-effective choice for most people who do not like co-pays and co-insurance.

Plan G now has a Guaranteed Issue feature which allow applicants to join Plan G with pre-existing conditions without any medical underwriting. This is allowed when they first turn 65 years old or when they leave their employee coverage plan at a later retirement age.