Transamerica Medicare Supplement Plan G Plan Options and Benefits

Transamerica Medicare Supplement Plan G offers two plan options to choose from, which can help you navigate the complexities of Medicare coverage.

Plan G is the most popular option, covering 100% of Medicare Part B deductible, as well as 80% of foreign travel exchange.

One of the key benefits of Plan G is the elimination of the Part B deductible, which can save you money on out-of-pocket expenses.

Plan G also offers 80% coverage for foreign travel exchange, which can be a lifesaver if you have medical emergencies while traveling abroad.

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Transamerica Medicare Supplement Plan G provides extensive coverage for hospitalization, skilled nursing facility care, and physicians services. It's a popular choice among Medicare beneficiaries due to its lower premium compared to Plan F.

Plan G pays the Part A deductible, which is $1,676 for 2023. This means you won't have to pay anything out of pocket for the first 60 days of hospital confinement. After that, Plan G covers the $419 daily co-insurance for the next 30 days.

Here's a breakdown of what Plan G pays for hospitalization:

Plan G also covers 100% of the cost for the first 3 pints of blood per calendar year, and up to $209.50 per day for skilled nursing facility care for the first 100 days.

Transamerica offers 10 standardized Medigap policies to Medicare beneficiaries, but let's focus on the 3 most popular ones.

Transamerica Medigap plans are designed to cover the gaps in Original Medicare, which can account for about 20% of your total annual costs. This is why choosing the right plan is crucial.

The three most popular Medicare supplement options offered by Transamerica are F, G, and N. These plans can help you minimize out-of-pocket costs.

Here's a breakdown of the benefits offered by each plan:

With any of these plans, you can visit any doctor or hospital in the country that accepts Medicare, and no referrals are needed.

Hospital cover is a crucial aspect of Medicare, and understanding how it works can help you navigate the system with confidence. The Part A deductible for each benefit period is $1,364, which plans F, G, and N pay.

For the first 60 days of hospital confinement, Medicare pays all eligible expenses beyond the Part A deductible. This includes semi-private room and board, general nursing, and miscellaneous hospital services and supplies. You won't pay anything out of pocket for these services.

Beginning with the 61st day of confinement, Medicare pays all but $341 per day. Plans A, F, G, and N cover this $341 co-insurance. This means you won't have to pay anything out of pocket for these services either.

Here's a breakdown of what you can expect to pay for hospital cover:

If you're hospitalized for longer than 150 days, the supplement plans A, F, G, and N will continue to pay the Part A Medicare eligible expenses for hospitalization, up to a lifetime maximum additional 365 days.

Emergency Care Abroad can be a major concern for travelers. Generally, Original Medicare does not cover medical services received while out of the country.

If you have Plans F, G, or N, you're in luck - they'll pay 80% of eligible expenses incurred during the first 60 days of a trip. There's also a lifetime maximum of $50,000, so be aware of that cap.

Transamerica offers a range of Medicare Supplement Insurance plans, including Plan A, Plan F, Plan G, and Plan N.

The company has an A+ rating from A.M. Best, Standard & Poor’s, Fitch, and J.D. Power & Associates. They also have an A- rating from the Better Business Bureau.

You can contact Transamerica directly at 1-800-797-2643 or visit their website at https://www.transamerica.com. Their address is 4333 Edgewood Road NE, Cedar Rapids, IA 52499.

Plan G provides almost the same level of coverage as Plan F, but you'll need to pay the Medicare Part B annual deductible before it kicks in.

Here are the details of the 3 most popular Medicare Supplement plans offered by Transamerica:

Transamerica's Medicare Supplement plans cover various expenses, including:

These plans can be a great option for those who want to minimize their out-of-pocket expenses and have more comprehensive coverage.

Transamerica Medicare Supplement Plan G offers a range of benefits, including coverage for hospitalization, skilled nursing facility care, and blood transfusions.

Plan G pays 100% of Medicare Part A coinsurance, as well as Part A hospice coinsurance and skilled nursing facility coinsurance. It also covers blood transfusions, paying 100% of the first three pints and 20% of the remainder.

Transamerica Medicare Supplement Plan G pays 80% of foreign travel charges, up to a lifetime maximum benefit of $50,000. This means you'll be responsible for 20% of foreign travel charges above $250 per calendar year, or amounts over the $50,000 lifetime maximum.

Here's a breakdown of Plan G's costs and benefits:

Plan G also covers Part B excess charges, paying 100% of these charges, which means you won't have to pay anything extra.

Plan G has a high deductible option, which can be a good choice for those who want to pay a lower premium in exchange for a higher deductible.

The high deductible option for Plan G is $2,370, which is a significant amount, but it can be a good option for those who are relatively healthy and don't expect to need many medical services.

If you choose the high deductible option, you'll pay the first $2,370 of your medical expenses out of pocket before your Plan G coverage kicks in.

This can be a good option for those who want to save money on premiums, but it's essential to have enough savings to cover the deductible in case of an emergency.

Here's a breakdown of what you can expect to pay with the high deductible option:

With the high deductible option, you'll still have the same coverage as regular Plan G, including the 100% coverage for excess charges and the 20% coverage for Medicare-approved amounts above $257.

See what others are reading: What Is a Medicare Supplement Plan G

If you're not completely satisfied with your policy, Transamerica offers a refund policy. You have thirty days to review your policy once it goes into effect.

Transamerica will refund your premium if you're not 100% happy with your policy.

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Transamerica Medicare Supplement Plan G is a popular choice among beneficiaries, and for good reason. It's often more cost-effective than Plan F, with policyholders potentially saving $400 or more each year.

Plan G covers a wide range of expenses, including Part A hospice coinsurance or copayment, Part B coinsurance or copayment, and blood (first 3 pints). It also includes Part A hospital deductible, skilled nursing facility coinsurance, and Part B excess charges. Foreign travel medical emergency benefits are also included.

Here are the key benefits of Plan G:

One thing to keep in mind is that Plan G does not cover the Medicare Part B deductible, which is $257 in 2025. However, the cost savings from choosing Plan G over Plan F can often outweigh the need to pay this deductible.

For more insights, see: Medicare Supplement Plan G Deductible 2024

If you're not completely satisfied with your Transamerica Medicare Supplement policy, you have 30 days to review it once it goes into effect.

You can use this time to make sure you're making the right choice for your needs.

If you decide it's not for you, Transamerica will refund your premium.

Plan G offers several other benefits that can help you save money on medical expenses. One of the most notable benefits is the coverage of Part B Excess Charges, which means you won't have to pay extra for services that are above Medicare's approved amount.

You're responsible for paying the first $233 of approved amounts for Part B services, after which the plan pays 20%. This can add up quickly, but it's a price you'll pay only once a year.

Plan G also covers the first three pints of blood, which can be a significant expense. You won't have to pay a dime for these services, thanks to the plan's 100% coverage.

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Here's a breakdown of the plan's foreign travel benefits:

This benefit can be a lifesaver if you're traveling abroad and need medical attention. Just be aware that you'll still have to pay 20% of the costs above the $50,000 lifetime maximum.

Overall, Plan G's other benefits can help you save money on medical expenses and provide peace of mind when it comes to unexpected medical bills.

Medicare Supplement plans are designed to fill the gaps in Medicare coverage, leaving you with minimal out-of-pocket costs. These plans are offered by Transamerica, and they cover essential benefits like Medicare Part A coinsurance, blood transfusions, and skilled nursing facility coinsurance.

Plan F, Plan G, and Plan N are the most popular Medicare Supplement plans offered by Transamerica. Plan F covers all Medicare Supplement benefits, including Medicare Part B deductible, while Plan G is similar but doesn't cover the Medicare Part B deductible. Plan N, on the other hand, has a copayment for doctor visits and emergency room visits.

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Here's a breakdown of the benefits covered by each plan:

Plan G is considered the most cost-effective plan, as it offers the same benefits as Plan F but without the Medicare Part B deductible. This can save policyholders around $400 or more each year.

Transamerica Medigap plans are available in most states, but rates vary depending on your location, age, and gender. It's essential to consult with a licensed insurance agent to compare rates and companies.

To be eligible for a plan, you must be a US citizen or a permanent resident, and you must have a Social Security number.

Most plans are available to individuals between the ages of 18 and 64.

You can apply for a plan even if you have pre-existing medical conditions, but you may need to answer additional health questions.

Some plans have no age limit, making them a good option for seniors.

You can apply for a plan even if you're not currently employed, but you'll need to provide proof of income.