Medicare Supplement High Deductible Plan G is a standardized Medicare Supplement plan available throughout the U.S. Medicare beneficiaries who enroll in this plan are given comprehensive benefits, low monthly premiums, and are free of network restrictions.

If you are looking for a Medicare Supplement plan to check your boxes for coverage and financial needs, Medicare Supplement High Deductible Plan G may be right plan for you.

Below we review Medicare Supplement High Deductible Plan G, its coverage, and how you as a beneficiary could benefit from this plan.

What is Medicare Supplement High Deductible Plan G?

Medicare Supplement (Medigap) plans pay secondary to Original Medicare. Medicare Part A and Medicare Part B do not cover your medical services at 100%. A Medicare Supplement plan pays after Original Medicare pays its part and helps to reduce the out-of-pocket costs for you.

Medicare Supplement High Deductible Plan G is a Medicare Supplement plan available to help cut costs for Medicare beneficiaries like you. Like the standard Medicare Supplement Plan G, the High-Deductible option offers 100% coverage after you have met the plans annual deductible.

To drastically reduce the monthly premium cost for the high-deductible Plan G, you are responsible for meeting a higher annual deductible before you receive 100% coverage.

Like the standard Medicare Supplement Plan G, when you enroll in the Medicare Supplement High Deductible Plan G you still have the freedom to see any doctor or visit any hospital you wish who accepts Original Medicare. You do not need to follow specific network restrictions as this plan is a secondary coverage to Original Medicare.

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

The deductible for Medicare Supplement High Deductible Plan G in 2022 is $2,490. In order to keep premiums low, the deductible has been raised from the standard Medicare Supplement Plan G which only requires beneficiaries to pay the Medicare Part B deductible.

The Medicare Supplement High Deductible Plan G is best for those who:

  • Wish to keep premium costs low
  • Do not mind paying higher out-of-pocket costs
  • Want to be covered in the case of an emergency
  • Enjoy traveling outside of the U.S.
  • Live in a state that allows excess charges
  • Do not visit the doctor/hospital on a regular basis

What Does Medicare Supplement High Deductible Plan G Cover?

Medicare Supplement High Deductible Plan G is one of 12 standardized Medicare Supplement plans nationwide. Once Original Medicare pays its share of the cost, Medicare Supplement High Deductible G will cover the rest. Once the annual deductible is met, your Medicare Supplement plan will cover all of the remaining costs.

Medicare Supplement High Deductible Plan G coverage includes:

  • Medicare Part A deductible/copayments/coinsurance
  • Medicare Part B 20% coinsurance after meeting deductible
  • Medicare Part B excess charges
  • Foreign travel emergency coverage

Keep in mind, the Medicare Supplement High Deductible Plan G will only pay once Original Medicare has paid their portion. So, if you receive a service not covered by Medicare, your Medicare Supplement plan will not cover any costs.

How Much does Medicare Supplement High Deductible Plan G Cost?

When you enroll in Medicare Supplement Plan High Deductible Plan G you are still responsible for the Medicare Part B premium as well as your High Deductible Plan G premium. Monthly premium costs can vary based on where you live, how old you are, your gender, and other factors.

Each carrier can set their premium rate to be whatever cost they wish. So, since plan benefits are the same, it is always best to enroll in a low-cost plan. However, on average, you can expect to spend anywhere from $40-$90 per month for the Medicare Supplement High Deductible Plan G. 

Medicare Supplement High Deductible Plan G Reviews

Beneficiaries who enjoy the comprehensive benefits of standard Medicare Supplement Plan G but wish to have a lower monthly premium enjoy the Medicare Supplement High Deductible Plan G. In terms of enrollees nationwide, Medicare Supplement High Deductible Plan G ranks #4 behind the Medicare Supplement Plan F, Plan N, and Standard Plan G.

When you look at the Medicare Supplement High Deductible Plan G plan’s benefits, cost, and overall usage it does not rank as high as the standard Medicare Supplement Plan G but often outshines even the best Medicare Advantage plans.

How to Enroll in Medicare Supplement High Deductible Plan G

If you are thinking of enrolling in the Medicare Supplement High Deductible Plan G, it is important to research the best carriers in your area. Enrolling in a Medicare Supplement plan can be done at any time once you have Original Medicare. However, the best time to enroll is during your Medicare Supplement Open Enrollment Period.

During this time, you will not be required to answer any underwriting health questions to enroll in a Medicare Supplement plan. If you enroll outside of this enrollment period, you could be subject to answering health questions. By doing so, a carrier may deny you coverage for any reason.

To enroll in a plan, it is important to speak with a licensed agent who has knowledge on all available plans in your area. This will ensure you are enrolled in the best plan.

Sources:

  1. How to Compare Medigap Policies, Medicare. Accessed May 2022.
    https://www.medicare.gov/supplements-other-insurance/how-to-compare-medigap-policies