What Is High-Deductible Plan G ?

When you're a part of an employer-sponsored high-deductible plan or health savings account plan, you might want to consider purchasing a High-Deductible Plan G supplement also known as a Medigap plan. This plan is similar to the High Deductible Plan F, but it doesn’t provide coverage for your Medicare Part B deductible. 

Health Plans of NC, Kelly Quinn
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How does this plan work?

Original Medicare still pays its 80% share when you’re enrolled in a High-Deductible Plan G. You’re responsible for paying the outstanding 20% until you reach your deductible, currently $2,490 per year. After you’ve met this deductible, your plan works just like the regular Medigap Plan G. Like Plan G, you’re still responsible for covering the annual Medicare Part B deductible; this is in addition to the $2490. 

Key benefits of Medigap High Deductible Plan G

After you meet your annual deductible, your health coverage is the same as you would get if you’d enrolled in Medigap Plan G. The benefits include: 

Medicare Part A 

  • coinsurance and hospital costs (up to an extra 365 days after you use your Medicare benefits)

  • hospice care copayment

  • deductible

Medicare Part B

  • excess charges 

  • copayment

Other

  • your first three pints of blood for medical treatments

  • coinsurance for care at a skilled nursing facility 

  • foreign travel emergency (up to plan limits)

Should I enroll in this plan?

Because this type of plan comes with a large deductible, it depends on your current financial situation. Depending on your circumstances, it could be a good option. It’s worth speaking to an experienced health insurance agent specializing in Medicare Supplement Plans NC to discuss your options. Our locally based North Carolina agents are available to answer all your questions and provide quotes to get the best health insurance for you and your family.

A high deductible health plan usually works best for people who don’t have the funds to pay for the monthly premiums of a traditional Medicare Supplement plan, but are comfortable with the potential of having to pay higher out-of-pocket costs. Your current health also plays a significant role in deciding what’s best for you. 

Eligibility for High-Deductible Plan G

If you were eligible for Medicare on or after January 1, 2020, you could apply for this type of Plan G. If you were eligible before January 1, 2020, you still have the option to apply for a High-Deductible Plan F which also covers the Medicare Part B Deductible.

If you need answers to ‘what is a high deductible health plan,’ our Medigap agents NC are here to help. They can help you choose the best North Carolina Medicare supplement plan for you. Get in touch with us today to find out more or compare plans online. 

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