Benefits of Medigap Supplement High Deductible G in California.
We will refer to Medicare Supplement High Deductible G as Medicare HDG or Medigap HDG in this blog. The benefit of the Medicare Supplement HDG is for a much lower monthly premium than a Medicare Plan G, however you receive the same benefits as the Plan G after you meet your deductible.
What does Medigap Supplement HDG cover?
Medicare Supplement HDG has a deductible of $2,490 per year in 2022 for your portion of Part A hospital and Part B doctors and outpatient services. After you meet your deductible, it will cover everything Plan G covers. The way you can meet your deductible is by paying your portion of Part A and Part B until you reach the $2,490 deductible.
How much does it cost?
There are several factors.
- Your age
- The area you live in
- The company you select
Can I change my plan from Medigap HDG?
You can change your Medigap HDG to another Medicare Supplement Plan, however you will have to qualify medically by answering medical questions. You can change to a Medicare Advantage Plan, also known asPart C each year between October 15 and December 7 with no medical questions.
Who should consider a Medigap HDG?
- Are you more comfortable paying a higher deductible in exchange for lower monthly premiums?
- You do not see the doctor often or need to visit the hospital.
- You live in a state that allows excess charges. California does allow excess charges for some doctors.
- You want the choice of using any doctor, provider or hospital that accepts Medicare.
- You like to travel outside the United States.
Conclusion:
The Medigap Supplement High Deductible G Plan is not for everyone that has Medicare. Nonetheless it is a good option for some people. It will depend on your medical condition and also having the ability to use any doctor, provider or hospital that accepts Medicare. You will have a much lower premium each month for the benefits of a Plan G with the higher deductible. The result could be a good choice for many people.
