In some states, Medigap Plans F and G have additional high-deductible plan options. These do not differ in coverage from the standard plans F and G, but the monthly premiums are lower and coverage kicks in after you reach a set out-of-pocket deductible. For those who can afford the financial risk in the case of a medical emergency, these plans can lead to health savings.
High Deductible Plan F
Medicare Supplement (Medigap) Plan F is the most comprehensive plan available in terms of coverage. With this plan, you have coverage for Part A coinsurance and hospital costs, your first three pints of blood, Part B coinsurance and copayments, Part A hospice care, skilled nursing facility care, the Part A deductible, the Part B deductible, Part B excess charges, and 80% of emergency foreign travel coverage.
The high deductible option for Plan F gives you the same coverage, which kicks in once out-of-pocket costs reach $2,340 (in 2020). High deductible Plan F is only available to those who first became eligible for Medicare prior to January 1, 2020.
High Deductible Plan G
Medigap Plan G is similar to Plan F with the exception that Plan G does not cover the Part B deductible. The high deductible Plan G option is new as of 2020 and only available to those who first become eligible after January 1, 2020. Under this plan, the coverage will apply after you meet the deductible of $2,340.
This plan is recommended for those with few health worries and who do not anticipate needing their coverage. The low monthly premiums make this an affordable option, even though you are still responsible for the Part B deductible. Many who choose this option save enough to cover the cost of the standard deductible of $198 over the year.
Comparison
The main difference between the two high-deductible plans is with eligibility. If you became eligible for Medicare prior to January 1, 2020, you qualify for high-deductible Plan F; if you become eligible for Medicare after January 1, 2020, you are eligible for high-deductible Plan G. These plans may not be available in your state, but you can inquire when you look at all available Medicare Supplement plans in your location. The deductible amount is the same between them, at $2,340 in 2020. Plan G is less expensive than Plan F, with the same benefits minus coverage for the Part B deductible.
