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Medicare Supplement High Deductible Plan G


Medicare Supplement High Deductible Plan G is one of the newest standardized Medicare Supplement plans. Medicare Supplement High Deductible Plan G is an option for Medicare beneficiaries who want the benefits of standard Medicare Supplement Plan G but would prefer lower monthly premiums.

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We are here to answer your questions about the Medicare Supplement High Deductible Plan G and inform you to make the best decision for your coverage.

Medicare Supplement High Deductible Plan G for 2022

High Deductible Plan G is a Medicare Supplement plan that offers the same coverage as the standard Medicare Supplement Plan G. The premiums for the Medicare Supplement High Deductible Plan G are lower than the premiums for the standard Medicare Supplement 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 Medicare Part B deductible applies toward the high deductible amount.

Medicare Supplement 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 Medicare Supplement High Deductible Plan G covers in contrast to other plans, see the chart below.

Medicare Supplement High Deductible Plan G Comparison Chart 2022

Medicare Supplement High Deductible Plan G Comparison Chart 2022

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How Much Does Medicare Supplement High Deductible Plan G Cost?

The average cost of Medicare Supplement High Deductible Plan G is around $40-$90 per month. Medicare Supplement premiums vary based on several factors, including your age and location.

What is the Deductible for Medicare Supplement High Deductible Plan G in 2022?

The deductible for Medicare Supplement High Deductible Plan G is $2,490. Beneficiaries reaching this deductible is what keeps the premiums low for this plan. Alternatively, if you are more comfortable with higher monthly premiums and would rather not pay the higher deductible, standard Medicare Supplement Plan G would be the better choice for you.

Is Medicare Supplement High Deductible Plan G Better than High Deductible Plan F?

The only difference between Medicare Supplement High Deductible Plan G and High Deductible Plan F is the same as between Medicare Supplement Plan G and Plan F; the latter covers the Medicare Part B deductible. However, since the amount you pay towards the Medicare Part B deductible applies to the high-deductible for the plans, they are essentially the same plan.

So which one is better? If you’re eligible for either Medicare Supplement plan, the Medicare Supplement plan that has the lower monthly premium in your area would be the better choice. Keep in mind, both versions of Medicare Supplement Plan F are now unavailable to new Medicare beneficiaries.

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Can I Use Guaranteed Issue Rights to Enroll in Medicare Supplement 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 these rights to enroll in Medicare Supplement High Deductible Plan G. Conversely, those who can use guaranteed issue rights to enroll in Medicare Supplement Plan F are not eligible to use them to enroll in either version of Medicare Supplement Plan G.

FAQs

Which carriers offer High Deductible Plan G in 2022?
The carriers that offer High Deductible Plan G vary by location. The best way to get a full list of insurance companies offering this plan near you is to speak to a licensed agent.
What is the difference between Plan G and High Deductible Plan G?
High Deductible Plan G offers the same benefits as Plan G. Yet, while High Deductible Plan G comes with a lower monthly premium, beneficiaries also must pay the higher deductible before receiving full coverage.
Is High Deductible Plan G worth it?
If you do not mind needing to reach the high deductible amount for full coverage from your plan, the lower premiums for High Deductible Plan G could provide the best value for you.

How to Enroll in Medicare Supplement High Deductible Plan G

At MedicareFAQ, we believe that choosing a Medicare Supplement plan is not 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 could 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.

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Jagger Esch

Jagger Esch is the Medicare expert for MedicareFAQ and the founder, president, and CEO of Elite Insurance Partners and MedicareFAQ.com. Since the inception of his first company in 2012, he has been dedicated to helping those eligible for Medicare by providing them with resources to educate themselves on all their Medicare options. He is featured in many publications as well as writes regularly for other expert columns regarding Medicare.

35 thoughts on “Medicare Supplement High Deductible Plan G

  1. If I enroll under HD Plan G or F, will I be eligible for a once per lifetime transfer from my IRA to my HSA? If so, what would be the maximum transfer?

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