High Deductible Plan G is a newer plan that was recently introduced in 2020. It's a great alternative for those who find the benefits on the standard Plan G attractive but are looking to pay a little bit less in monthly premiums. High Deductible Plan G has the same exact benefits as a standard Plan G. The only difference is that you must meet the plan's annual deductible before your benefits will kick in at 100%. Keep in mind that it does not mean that you're going to have to pay the full deductible before any of your benefits kick in. All that means is that any cost-sharing that you pay-out-of pocket once it adds up to that deductible, then your benefits will kick in at 100%. This high deductible is what keeps the monthly premium significantly lower when you compare it to the standard Plan G premiums. 

So as long as you're comfortable with paying the high deductible out-of-pocket before coverage kicks in, then you'll end up saving quite a bit of money over the year in monthly premiums. For beneficiaries who don't want to have to worry about paying that high deductible out-of-pocket and are comfortable with paying higher monthly premiums than the standard Plan G is the right option for you.

The last thing to note is that if you are using your guaranteed-issue right to enroll in a high deductible plan, then you have to consider what year you became eligible for Medicare. If you were not eligible for Medicare until after 2020, then you can use guaranteed-issue right to enroll in High Deductible Plan G. However if you are eligible for Medicare prior to 2020 and you're using your guaranteed-issue rights, then you will not be eligible to use them with High Deductible Plan G. You'll be eligible to use them with High Deductible Plan F. 

If you have any questions, make sure to post them in the comments section below.

High- Deductible Plan G - https://www.medicarefaq.com/medicare-supplements/medigap-plans/medigap-plan-g-high-deductible/
High- Deductible Plan F - https://www.medicarefaq.com/medicare-supplements/medigap-plans/medigap-plan-f-high-deductible/
Standard Plan G - https://www.medicarefaq.com/medicare-supplements/medigap-plans/medigap-plan-g/
Standard Plan F - https://www.medicarefaq.com/medicare-supplements/medigap-plans/medigap-plan-f/
All Medigap Plans - https://www.medicarefaq.com/medicare-supplements/medigap-plans/

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