High Deductible Plan G
The high deductible Plan G provides coverage similar to Medicare Supplement Plan G, but has a $2,700 deductible that you must meet before it begins paying all of your coinsurance related to Medicare-covered healthcare services.
How does the High Deductible Medicare Supplement Plan G work?
First, Medicare pays its 80% of your covered healthcare services.
Then, you’ll pay your part until you have reached your $2,700 deductible for the supplement plan.
After that, your supplement will offer coverage identical to the normal Plan G and cover 100% of:
- Medicare Part A coinsurance payments for inpatient hospital care for up to an additional 365 days after Medicare benefits are exhausted
- Medicare Part B copayment or coinsurance expenses
- The first three pints of blood used in a medical procedure
- Part A hospice care coinsurance expense or copayment
- Skilled Nursing Facility coinsurance
- Medicare Part A’s deductible
- Medicare Part B’s excess charges
It will also cover 80% of a foreign travel emergency.
How do I know if this is a good plan for me?
It comes down to a simple math problem — do the savings on the premium outweigh paying out-of-pocket early? If you’re not sure, we can certainly help you figure it out. We’ll shop your policy with over 25 different insurance companies to help you find the lowest premium possible and then compare the numbers with some other Medigap plans to help you find the best solution for your budget.
When can I enroll?
You can enroll once you have Medicare Part B. You will then have six months to enroll in a Medicare Supplement plan with no health questions. This is a one-time open enrollment in which you cannot be turned down for any health conditions, you cannot be asked any medical questions, and you cannot be charged an additional premium for health reasons.
Technically, you can enroll at any time after you have Part B. However, if you sign up after your initial enrollment period, you will be subject to medical underwriting.
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