Many people who look into adding on a Medigap plan are generally curious about the most popular plans. The most popular plans, Plans F and G, have a high-deductible option in some states. Let’s discuss what this means and if one of these policies is the right Medigap choice for you.
About Plans F and G
The high-deductible option is one of the most noteworthy things to mention when discussing these two plans. These policies function the same as many other typical health insurance options do; beneficiaries will be expected to pay out-of-pocket entirely until they’ve met their deductible. Once their deductible has been reached, then their policy coverage will begin. Keep in mind that just because you’ve reached your deductible doesn’t mean that you won’t have to cover any other costs.
For some, choosing a high deductible policy may not seem like the best option. For others, this is an excellent way to ensure that your health costs are low. Those that aren’t anticipating using their health insurance may choose this option as a way to keep their costs down, while still having insurance in the case that they need it. The high deductible option isn’t available everywhere, so reach out to a local insurance agent to see if it’s a choice where you live.
Both of these plans cover 80% of foreign travel exchange, so they’re excellent options for individuals that are planning on traveling out of the county. Foreign travel exchange is the only area of coverage that has a percentage within these two policy options. All the other areas of coverage are either offered in their entirety or not at all.
Choosing Between the Two Most Popular Plans
Medigap Plans F and G are very similar. In fact, there’s just one area of coverage in which they differ. If having the Medicare Part B deductible covered is important to you, then consider Plan F instead of Plan G.
But, overall, which plan is best for you will always depend on your specific situation. It will also depend on your eligibility. When it comes to Plan F, only those who became eligible before January 1, 2020, will be eligible to enroll.
Are you wondering which Medigap plan is right for you? We get it. Making these decisions isn’t always easy, but here at Zero Bullshit Insurance, we give you honest, straightforward answers so you can make the best decisions regarding your coverage.
