Medicare Supplement Plan F is no longer available to new Medicare beneficiaries. With this change, High-Deductible Plan F is also unavailable to new enrollments. High-Deductible Plan G has been created to serve as an appropriate alternative and is fully available to new Medicare beneficiaries.
Explore Plan OptionsAs with all Medicare Supplement plans, High-Deductible Plan G works alongside Original Medicare to cover some of your major healthcare costs. With the standard Medicare Supplement Plan G, you pay a higher monthly premium but do not have to worry about a high deductible.
Under this high-deductible policy, Medicare pays its 80 percent share first, and you cover the remaining 20 percent of your medical costs until your out-of-pocket costs reach the annual limit ($2,950 as of 2026). Once you reach the deductible for the year, your plan kicks in and covers 100 percent of the remaining covered costs for the rest of the calendar year.
High-Deductible Plan G Coverage
High-Deductible Plan G provides the exact same benefits as the standard Medigap Plan G once the annual deductible is met. After meeting the deductible, your plan covers:
- Medicare Part A deductible
- Part A hospice care copayment or coinsurance
- Medicare Part A hospital costs and coinsurance
- Medicare Part B copayment or coinsurance
- Medicare Part B excess charges
- First three pints of blood
- Coinsurance for skilled nursing facility care
- 80 percent of foreign travel emergency costs (up to plan limits)
The only difference between High-Deductible Plan F and High-Deductible Plan G is that Plan G does not cover the Medicare Part B deductible.
Benefits of High-Deductible Plan G
This plan is a strong option for individuals who are comfortable with the annual deductible limit and prefer a much lower monthly premium. High-Deductible Plan G can be an appropriate choice if you want the comprehensive coverage of Plan G but expect low medical utilization throughout the year. When choosing, consider whether you prefer a lower monthly premium with a higher deductible, or a higher premium with low out-of-pocket costs.
High-Deductible Plan G is not for everyone, but Simple Retirement Benefits can help you compare coverage options and determine which plan fits your budget and goals. Give us a call today to learn more!