Before we go into the details on High Deductible Plan F. It's important to know your eligibility. If you are not eligible for Medicare until after 2020, you are not eligible to enroll in Plan F. If you are eligible for Medicare before 2020, then you are eligible to enroll in Plan F. If you aren't eligible for Medicare until after 2020 and you're looking for a high deductible plan, then High Deductible Plan G is the best option for you. 

High Deductible Plan F is a good alternative for those who are interested in the standard Plan F, but the higher premium is a little bit out of their budget. With High Deductible Plan F, you get all the same benefits, leaving you with zero out-of-pocket costs outside your monthly premium. The only other out-of-pocket costs you'll be responsible for is the high deductible.

Now it's important to remember, that just because there's a high deductible that does not mean you're going to be paying 100% of your medical expenses out-of-pocket before coverage begins. All this means is that any coinsurance you pay will be applied towards the high deductible. Once you've met that deductible then your benefits will kick in 100%. Giving you the same benefits as standard Plan F. Therefore, if you're not able to afford the monthly premiums for the standard Plan F, the high deductible version of Plan F would be a great alternative for you.

While some beneficiaries may find that High Deductible Plan F when you add all the out-of-pocket cost together including the premium and deductible, is less than the standard Plan F. Others may find that the standard Plan F is actually cheaper in out-of-pocket total cost with premiums compared to the high deductible version of Plan F. That's why it's important to speak to an agent to help you compare rates in different areas on all different plans.

High Deductible Plan F - https://www.medicarefaq.com/medicare-supplements/medigap-plans/medigap-plan-f-high-deductible/

High Deductible Plan G - https://www.medicarefaq.com/medicare-supplements/medigap-plans/medigap-plan-g-high-deductible/

Elimination of First-Dollar Coverage Plans - https://www.medicarefaq.com/faqs/medicare-changes-2020/

Like what you see? Join our Facebook group! It's a group dedicated to helping people become educated on Medicare. Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your Medicare resource center.

Our Facebook Community - https://www.facebook.com/groups/MedicareFAQ/