Medicare Supplement High Deductible Plan G is one of the newest standardized Medigap plans. High Deductible Plan G is an option for beneficiaries who want the benefits of standard Plan G but would prefer lower monthly premiums. We’re here to answer your questions about this plan and inform you to make the best decision for your coverage.
Medicare Supplement High Deductible Plan G for 2021
High Deductible Plan G is a Medicare Supplement plan that offers the same coverage as standard Plan G. The premiums for this plan are lower than the premiums for the standard Plan G. Yet, enrollees must pay a higher deductible for coverage to kick in at 100%. Cost-sharing you pay out-of-pocket as well as the Part B deductible applies toward the high deductible amount.
Medigap High Deductible Plan G is Ideal for Those Who:
- Are comfortable paying a higher deductible in exchange for lower monthly premiums
- Semi-frequently see the doctor or need to visit the hospital
- Live in a state that allows excess charges
- Enjoy traveling outside the U.S.
For a full summary of what High Deductible Plan G covers in contrast to other plans, see the chart below.
Medicare Supplement High Deductible Plan G Comparison Chart 2021
How Much Does High Deductible Plan G Cost?
What is the Deductible for High Deductible Plan G in 2021?
The deductible for High Deductible Plan G is $2,370. Beneficiaries reaching this deductible is what keeps the premiums low for this plan. Alternatively, if you’re more comfortable with higher monthly premiums and would rather not pay the higher deductible, standard Plan G would be the better choice for you.
Is High Deductible Plan G Better than High Deductible Plan F?
The only difference between both high deductible plans is the same as between Plan G and Plan F; the latter covers the Part B deductible. However, since the amount you pay towards to Part B deductible applies to the high-deductible for the plans, essentially they are the same plan. So which one is better? If you’re eligible for either plan, the one that has the lower monthly premium in your area would be the better one. Keep in mind, both versions of Plan F have been discontinued to new Medicare beneficiaries.
Can I Use Guaranteed Issue Rights to Enroll in High Deductible Plan G?
Due to the elimination of first-dollar coverage plans, if you aren’t eligible to enroll in one and have guaranteed issue rights, you can use them to enroll in High Deductible Plan G. Conversely, those who can use guaranteed issue rights to enroll in Plan F aren’t eligible to use them to enroll in either version of Plan G.
How to Enroll in Medicare Supplement High Deductible Plan G
At MedicareFAQ, we believe that choosing a Medicare Supplement plan isn’t something you should have to do on your own. For this reason, our goal is to guide you to make an informed choice so you choose the plan that provides the most value to you. If you think that High Deductible Plan G might be right for you, the next step is to speak to an agent.
To start the process, call the phone number above or fill out our online rate form. An agent licensed in your state will prepare a premium rate comparison with quotes from our top carriers to help you determine the most suitable coverage for years to come.