Plan G High Deductible
A Medicare plan G high deductible plan (HDG) offers beneficiaries the comprehensive benefits of standard plan G at a much lower premium. The premise is simple. Like all supplemental (Medigap) plans, Medicare pays first. The balance is submitted to the Medigap plan for payment. The 2023 deductible amount is $2,700. Therefore, enrollees in a High deductible plan pay the first $2,700, after Medicare has made payment. Once the $2,700 deductible has been met, the (HDG) covers the balance. The Part B deductible applies toward the $2,700 deductible.
Both plans F and G have a high deductible option. Plan F is only available to individuals eligible for Medicare prior to 1/1/2020.
The average cost of HDG is around $40-$90 per month. Medigap Plan G High Deductible cost varies based on several factors and will vary from company to company. Some of the most common factors private carriers assess include your age, location, tobacco usage, and gender.
Plan is ideal for those who:
- Are comfortable paying a higher deductible in exchange for lower monthly premiums
- Don’t often see the doctor or need to visit the hospital
- Live in a state that allows excess charges
- Enjoy traveling outside the U.S.
Click here for a summary of what Medicare HDG covers.
How to compare Medicare advantage plans: Agent contracting
Agents can use our online link to request contracting with all the carriers they need. All contracts pay agents directly at full allowable CMS max commission. Because of this, the agent owns the cases they write (the book of business).
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