Once again, the Medicare Annual Enrollment Period has begun, and here's an update on a high deductible Medicare Plan G for those of you who already have or want to enroll in Original Medicare and need Medicare supplement health insurance.
I previously wrote a blog post about Medicare "Dis"Advantage Plan vs Original Medicare: https://www.essentialdpc.com/2022/10/medicare-advantage-vs-original-medicare.html.
There is coinsurance with Medicare for most services covered by Part B, where you pay 20% and Medicare pays 80%. Therefore, Medicare enrollees need supplemental health insurance to cover out-of-pocket healthcare costs that Original Medicare doesn't cover. Here is a helpful video that provides practical advice about a little-known high-deductible Medicare Supplement Plan G and compares it to the ever-popular Medigap Plan G: https://youtu.be/s2aRGN7pR1Q.
NOTE: There are several Medicare supplement plans available aside from Medigap Plan G vs. High Deductible Plan G. Go here to compare Medicare coverage options: https://www.medicare.gov/plan-compare/.
The information provided here is not medical, insurance, tax, or financial advice. You should consult with a licensed insurance agent who sells Medicare products for advice concerning your specific situation.
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