Medicare Supplement (Medigap) High Deductible Plan G

Medigap Plan G can be sold with a new high deductible option. This version is available to those who are new to Medicare on or after 1/1/2020.

Those new to Medicare are people who turned (or will turn) 65 on or after January 1, 2020, and those who first become eligible for benefits due to disability, age, or end stage renal disease (ESRD).

What Is the Annual Deductible Amount?

The deductible amount for the high deductible version of Plan G exhibits the annual out-of-pocket costs (minus premiums) that a beneficiary has to pay before the policy begins paying benefits. Once the annual deductible of $2,340 is met, you receive the same coverage as a regular Medigap Plan G.

Medigap Plan G High Deductible Coverage

The most important elements of the High Deductible Plan G plan are the benefits you will get and the deductible amount. Your benefits will cover the following:

  • The first 3 pints of blood
  • Durable Medical Equipment
  • Part A hospice care copayment
  • Part B copayment and excess charges
  • Skilled nursing facility care coinsurance
  • Foreign travel emergency up to plan limits
  • Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up

Am I Eligible for Medigap Plan G High Deductible?

If you become eligible for Medicare on or after January 1, 2020, you are able to apply for High Deductible Plan G. If you were eligible for Medicare before January 1, you will not be able to apply for it. Instead, you are eligible for High Deductible Plan F.

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How Will It Compare to High Deductible Plan F?

The primary difference between the two plans will be its coverage options. Currently High Deductible Plan F covers the Part B deductible, while High Deductible Plan G does not. From our experience, most people do not feel like paying the Part B deductible is a huge burden. In fact, people often discover hefty savings through choosing High Deductible Plan G.  

Why Choose This Plan?

Most of the benefits that you would receive from a High Deductible Plan F you would also get from this Plan G option. The main reason to choose High Deductible Plan G would be the lowered premium. If you anticipate needing treatment frequently and could easily reach the deductible, this may not be the best plan for you. Again, the deductible for this plan is $2,340 in 2020.  

We Can Help

At Turning 65 Solutions, we want to ensure that you are choosing the right plan for your needs. This might mean staying on your current High Deductible Plan G or switching to a new High Deductible Plan F. Either way, we are here to help you compare the benefits and drawbacks of both options. It is important to get the best arrangement for your situation and keep the process as stress-free as possible.

Call our San Antonio, Texas office today at 800-515-4031!