I want to compare
Medicare Supplement plans.

Start online Chat about my options with an agent: 1-800-995-4219

Our agents are here to help you: 1-800-995-4219

Start online

High-Deductible Medigap Plan F

High-deductible Medicare Supplement Insurance plans require you to pay for a certain amount of Medicare-covered costs on your own each year before the policy provides any coverage.

How Do High-Deductible Plans Affect Cost?

Currently, the only high-deductible Medigap plan is high-deductible Plan F. Although the high-deductible option is usually more affordable than the standard Plan F, it requires higher out-of-pocket costs. Other things to consider include:

  • If you enroll in a high-deductible Medigap F plan, you must pay for Medicare-covered costs up to a certain annual deductible. For 2017, the annual deductible is $2,200. For example, if you need a blood transfusion, a traditional Medigap plan will cover the cost of the first three pints, and Medicare will cover the cost of pints four and beyond. But if you are enrolled in the high-deductible Medigap Plan F and have not met the yearly $2,200 deductible, you will be responsible for the full cost of the three pints of blood.
  • Once you meet your deductible in out-of-pocket costs, the insurance company will begin paying the benefits offered in the plan.

Before you choose a high-deductible plan, consider how likely you are to use enough medical services over the course of the year to meet the deductible. Then evaluate how much coverage you would need after the deductible is met.

High-Deductible Plan F May Not Be Your Only Option

If you are looking for a Medigap plan that provides comprehensive coverage at a more affordable price than Medigap Plan F, you may have more options than just high-deductible plan F. 

For more information about Medigap plans, including high-deductible Medigap Plan F, speak with a licensed agent today.

———-
Sources:
Medicare.gov:https://www.medicare.gov/supplement-other-insurance/medigap/costs/costs-of-medigap-policies.html

Resource Center

Medigap Policies | Compare Free Quotes

Medigap policies can help cover some of Medicare's out-of-pocket costs. Learn about your eligibility and enrollment options today.

Read More

Does Medicare Cover CPAP Machines?

Medicare can help cover the cost of a CPAP machine for a 3-month therapy trial. If a doctor states that it helps your sleep apnea, it may be covered longer.

Read More

Does Medicare Cover Dental Care?

Does Medicare cover dental care? The simple answer is no. However, there are exceptions to this rule.

Read More

Does Medicare Cover Dermatologist Check Ups? | Part B Services

Medicare Part B will likely cover some of the costs of your dermatologist visit if it is medically necessary for the treatment of a condition or disease.

Read More

Original Medicare Does Not Cover Insulin Pens

Original Medicare doesn't cover insulin pens, but a Medicare Part D prescription drug plan may provide coverage for medical supplies used to inject insulin.

Read More

Medicare Coverage for Patients with End Stage Renal Disease

Health care for End Stage Renal Disease is included in Medicare coverage. Medigap Supplement Insurance may reduce costs for dialysis services.

Read More

Medigap vs. Medicare Advantage | Comparing Coverage

Medigap and Medicare Advantage plans provide private health insurance benefits, but they are very different and you can't be enrolled in both.

Read More

How To Choose The Right Medicare Supplement Insurance Plan

Medicare Supplement Insurance helps cover some of Original Medicare's cost sharing. Compare free quotes to find the right Medigap plan for you.

Read More

Will Medicare Cover a Vasectomy?

Original Medicare (Part A and Part B) will not cover a vasectomy. If you are looking to have elective sterilization, you may have to pay for it yourself.

Read More