Medigap High Deductible Plan G
A High-Deductible Plan G is a type of Medicare Supplement Plan that is designed to help cover the out-of-pocket costs left by Original Medicare. This plan is similar to a traditional Medigap Plan G, but with a higher annual deductible. The annual deductible for 2023 is $2,700.
High-Deductible Plan G
One of the main advantages of a High-Deductible Medigap Plan G is that it typically has lower monthly premiums compared to traditional Medigap plans. This can be a great option for individuals who are looking for a way to save money on their Medicare coverage while still having the peace of mind that their out-of-pocket costs will be covered.
Once you have met the annual deductible, the High-Deductible Medigap Plan G will cover the same benefits as a traditional Medigap Plan G, including:
- Part A hospital coinsurance and up to an additional 365 days of hospital coverage
- Part B coinsurance or copayment
- The first three pints of blood
- Part A hospice care coinsurance
- Skilled nursing facility coinsurance
- Part A deductible
- Part B excess charges
- Foreign travel emergency insurance
It’s important to note that High-Deductible Medigap Plan G does not cover the Medicare Part B annual deductible.
It’s crucial to understand that High-Deductible Medigap Plan G is not the right choice for everyone, and it’s important to consult with a Medicare expert before making a decision. Our expert agents are available to help you compare your options, and guide you to the plan that best fits your needs. Contact us today to learn more about High-Deductible Medigap Plan G.
