Why are Medigap Plan G premiums increasing, and should I consider Medicare Advantage?
Many Medicare beneficiaries have seen Medigap Plan G premiums increase over the past several years. Premiums can rise because of healthcare costs, inflation, and age-based pricing used by some insurance companies.
For some people, Medicare Advantage may offer a lower monthly premium while including additional benefits such as prescription drug coverage, dental, vision, and hearing services.
However, Medicare Advantage and Medigap work differently. The right choice depends on your doctors, medications, travel habits, healthcare needs, and budget.
Rather than focusing only on monthly premiums, compare the total cost of coverage and the benefits you’ll actually use.
Key Takeaways
- Medigap Plan G premiums often increase over time.
- Medicare Advantage may reduce monthly costs for some people.
- Compare total healthcare expenses—not just premiums.
- Review your options every year.
- Independent guidance can help you make an informed decision.