Final answer:
Medigap Plans F and G provide coverage for Medicare Part B excess charges. Plan F is available to those eligible for Medicare before January 1, 2020, while Plan G is available to all Medicare enrollees.
Step-by-step explanation:
The Medicare Part B excess charges are covered by specific Medigap Plans. Medigap, also known as Medicare Supplement Insurance, is designed to help pay for healthcare costs not covered by Original Medicare (Part A and Part B), such as copayments, coinsurance, and deductibles. Out of the ten standardized Medigap plans available in most states, Plan F and Plan G offer coverage for Part B excess charges. Plan F covers these charges fully, but is only available to individuals who were eligible for Medicare before January 1, 2020. Plan G also offers coverage for excess charges and is available to all Medicare enrollees.
Medicare Part B covers physician services, medical tests, and outpatient visits. Participants are responsible for a monthly premium, along with deductible and copayment costs. Medigap Plans can help reduce the out-of-pocket burden associated with these expenses. It is important for beneficiaries to understand that Part B excess charges are the difference between the amount a health care provider is legally permitted to charge and the Medicare-approved amount for a medical service.