The benefits of Medicare Supplement Plans are completely standardized, so they will be the same from company to company. All Medicare Supplement Plans, including Plan G, follow the following guidelines:
Benefits – You don’t need to be particularly worried about which company provides the best or most benefits. Plan G’s coverage will be the same regardless of which insurance company you choose.
Network – Medicare Supplement Plan insurers do not have their own provider networks, like a private HMO or PPO plan would. Their plans merely supplement your primary Medicare Parts A and B coverage, so you don’t have to worry about whether one company has a better network than another, because your network will be the nationwide Medicare network.
Claims – Medicare Supplement Plan claims are highly automated. The coverage is simple to use, and most people never see any paperwork. Once Medicare has approved your claim, they will pay their portion and notify your insurer of the amount owed. Your insurance company must then pay the amount owed in accordance with Medicare’s instructions. Because of automation and standardization in this area, every company’s claims-paying history is equal.
But, while the coverage offered by Medicare Supplement Plans will always be the same regardless of insurance company, the one thing you will need to compare between insurers is price. That means it is actually important to look at plans from different insurance companies – and EZ can help with that!