High Deductible Plan G and High Deductible Plan F Medicare Supplement - A Good Value?
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- Опубликовано: 10 янв 2020
- www.abtinsuranceagency.com | (888) 465-9728. Contact Stephanie for free, unbiased Medicare and Medicare Supplement assistance.
Medicare Supplement Plans in 2020: • Best Medicare Suppleme...
Medicare Supplement High Deductible Plans F and G are a good value for some, but there are some important factors to consider before making your decision. Watch and learn!
In 2020 the deductible for HD-F and HD-G is $2,340/year : www.cms.gov/Medicare/Health-P...
I live in Palm Beach, one of the most expensive areas in the nation for Medigap plans. I didn't get on Medicare until age 71. After evaluating all of the plans I chose HDF United American. Both HDF and HDG were the exact same premium believe it or not, so going with HDF was a no brainer for me. United American offered the best price.
I purchased a High Deductible plan F 4 years ago and have been very happy with it. Premiums have gone up to $52 which is a gift compared to other plans. This year my wife turns 65 and again we are considering a high deductible plan. This is insurance and as with any insurance it is always a gamble but to us it seems to be worth it. Plus because fewer people are enrolled in it the likelihood of a large rate increase is lower than that of standard plan G, which I’m anticipating going through the roof in another 7-8 years. As always I really enjoy your videos. Thank you
Thank you for another informative video and thank you for all the continued support for your clients. Another example of why I chose you to handle my enrollment recently. Keep up the great work.
Brian Smith thank you Brian! We’re grateful to have you as a client.
Wow I just started watching your video's and you exolain these plans so well. Too bad I didn't find you when I first signed up. This medicare has been a job in itself. Not at all what I expected. It was not explained to me whatever you choose first if you want to switch you may not be able to without paying a price so I may be stuck with this high deductible for life. Not happy...
As a fellow agent, great info and think it's a great value! I love HDG/F. Unless you have a high usage, you'll almost always come out ahead with these plans. Medicare negotiates very well for Medicare beneficiaries.
Here where I live in GA, there is about an $80 a month difference between Plan G and HDG. Do you think that is enough to make it worth while?
You'd need very high usage to make up the difference over $200 a month in NY & CT. In fact the insurance annually costs an average of $3,400 many hundreds more than the deductible plus the lower H.D. premium costs. What's there to even consider?
@@brocklanders6969 thats 880.00 per year...too many plans ....makes it so hard
I sold two plans to a couple. They were trying to switch from F to N since it was so much cheaper. The wife passed underwriting and got plan N; the husband did not pass and had to stay on F.
Very interesting. If you are not at the doctor/hospital very much high-deductible is a deal 👌💰´
I am considering HDF (born b4 1-1-55) and Part D. The only concern is that another video talked about frequent undesired “surprises” with Part D
I enjoy your info. Just turning 60 this July but trying to learn early 😅
Thank you
Currently use the VA Heath system, but just turned 65 so signed up for Medicare parts A & B. Currently looking into either an Advantage plan or Supplemental G or N plan. I will most likely continue using he VA system, but want coverage if I need to go outside the VA - due to changes in the law or availability of services. On the outside, the Advantage plans sound like a better deal - free monthly premiums, gym membership, ride share, etc.. - but I don’t like the network or pre-approval requirements. I am comfortable with the idea of high deductible G plan - but of course would prefer not to pay them - but am concerned about the premium growth of a G plan over the N plan. And worry about being able to switch plans later, though if I understand it correctly, plan G is open for such switching, which is also why the premiums are most likely to increase the most. Being retired, I do travel a good bit, inside and outside the US, and may move in the future. What do you recommend for Alabama?
Where we live, both HDF & HDG are priced almost identical. We had one client that we put on HDF last year bust his deductible, he was signed up on the plan when he was 80, two years ago, first year he was on it, just routine doctor visits. Second year mouth cancer and heart issues and he received top rated care and every place welcomed him with open arms. Being in your 80's the monthly premiums and the deductible is just a few dollars short of a full plan G, even in your 70's it's really close. What we ask our clients; is every year going to be a bad year ? Good God I hope not, so why pay for a full med supp when a HDG/HDF works just as good and saves you considerable money. You don't get a lot of agents pushing this plan because the monthly commissions are a lot lower than a plan N, G, or F, we look at it as happy clients who will refer new business our way. Like Stephanie said you can go to the Mayo Clinic, or even Cancer Research Centers of America in Atlanta (they don't take Advantage plans at all), plus HDG & HDF have Part B excess coverage, something that the highly touted Plan N doesn't. Keep in mind that 80% of any and all medicare covered procedures will always be covered by Medicare, the high deductible is only applied to the 20% that the insurance company is required to pay and once the deductible is meet, the plan turns into a full plan G, or F until the end of the calendar year.
Wow - great explanation. Thanks ...👌
Agree completely! My husband at 76 had premiums for a J Plan that we’re higher than the HDF premiums + the HDF annual deductible! No-brainer.
Additionally as I replied earlier, Medicare immediately reduces the bill to the “Medicare Approved Rate” providing an immediate discount and lower out of pocket to the patient.👍
@@lyndayoung8761 -- I hear that !
Adding financial illustration would be informative. If your someone who doesn’t use a lot of medical services annually, the Hi Deductible plans will save you a good bit of money. Those savings would accumulate. One year of savings would offset the cost of a year when you hit the deductible. If you think you’ll have more years of not hitting the deductible, then you’ll definitely save money if you don’t mind doing the admin work of paying the bills.
Very true!
Thank you!❤
Thank you for watching!
Thanks for posting! 👍
Osprey Flyer thanks for watching!
To my thinking, HD-F and HD-G in most situations are going to be exactly the same, because the Medicare part B deductible of G plans counts toward the identical Medigap plans HD-F & HD-G deductible. The only exception I can think of is if you hit the plan deductible solely through part A (hospitalization) expenses. But how common would that be? The downside of F plans is that the average age of participants will rise in time relative to G due to no new young enrollees, which are generally healthier.
Great series of your videos. I know most of them are for year 2020. Do you have any new videos regarding year 2021 changes/additions/subtractions?
Keep an eye out for some 2021 videos coming soon!
@@AbtInsuranceAgency Great! Do you handle clients that are located in Michigan!
@@five_o_fever9381 Yes we do :-)
Can you explain how much in total we have to pay monthly for Part B, Medigap, and Part D? and compare with Medicare Advantage Plan.
Some doctors and hospitals are charging 15% extra. Do these two high deductable plans cover this extra charge after meeting the deductable?
If you would answer. Im already on plan G. if i were to want to switch to plan G high deductable would i be requried to have underwriting. Thanks.
I live in WA (CRB :community-rate base) and consider switching from co. retiree supplement plan to HDF or HDG. In order to compare future premium increase, does CRB meant for each plan as an individual community? With the shrinking HDF will it has less people to bear the total medical expense, will HDF has higher premium increase despite HD?
When calling one of the big insurance company H..., one agent found WA is a GI state thus no underwriting, but call another time the next agent said GI is only applicable to medical advantage plan but not HDF nor HDG. Is that true or depand on the insurance companies?
in ny, g annual premium = $3,484, g-hi+deductible=$3,280 and we can change plans years to year, seems like a no brainer
Yes, that plan is an excellent value in NY and often times in FL too.
Thanks so much for your wonderful videos! I wish I'd seen them when I started down the Medicare decision-making path. I've had high deductible Plan F with Physician's Mutual since I turned 65 in 2017. As of Jan. 1, 2021, my high deductible will drop because I've been on the plan for 3 years and my monthly premium will go to $139. I've been very pleased with the service. How would you evaluate that premium for what I'm getting? Thanks again!
I'd be happy to send you some rate quotes - please email us at stephanie@abtinsuranceagency.com !
Are there 2 plan G’s for Medicare?
Is Plan F a good value in Massachusetts ? Right now we have Blue Cross/Blue Shield Medex bronze. Really high premiums each month. :(
Great Video, thanks! Here's a question I can't get a clear answer on (for year 2022). I currently have HDF and am considering switching to HDG because of its lower premiums. Does HDF pay the Medicare Part B deductible of $217 (like it's big brother, regular plan F)? And if so, when (before or after the HDF deductible of $2450 is met)? I understand HDG does not, and the $217 is credited towards the HDG deductible of $2450. But I believe that HDF acts the same way; that I still have to pay the Medicare Part B deductible of $217 up front and it gets credited towards its own $2450 deductible so it never really pays that Part B deductible. If this is true, then both plans are exactly the same and it makes sense to go with the plan that has the lowest premiums - right? If correct, then that brings up a secondary question; why are HDG plan prices generally lower than HDF if they are actually the same plan? Please help clarify.
Sorry for the delayed reply, you tube doesn’t always alert me of all comments! Yes you are correct - HDF and HDG are essentially the same since the part B deductible counts toward the HDG deductible. I hope this helps!
Do they have a plan for every letter of the alphabet?
Doesn't Medicare Parts A or B pay 80% first and only the 20% is applied toward the deductible? No one seems to mention this when talking about HDG plans. It would take a major health event to even reach a $2340.00 deductible, correct ??
Kim Black at about 3:10 into the video we review that you are responsible for your portion of the Medicare cost share until you’ve met the deductible on a HDF/HDG Plan. This would include the $198 Part B deductible, the 20% that Part B doesn’t pay, and the Part A hospital deductible of $1,408, and potentially skilled nursing facility coinsurance. I hope this helps!
Is the deductible applied to the portion of the service that Medicare doesn't pay? If so, that's different that for advantage plans where the deductible is applied to the whole service charge, correct?
Yes, the deductible is for the cost share that Medicare doesn't pay. On an Advantage Plan, you typically pay co-pays and coinsurance until you've satisfied the Out of Pocket Max for that Advantage Plan for the year (up to $6,700/year).
The difference of premium costs between Age of Attainment and Age of Entry and Community based plan should be emphasized.
Good point, I cover that here: ruclips.net/video/txvHBbH2Nas/видео.htmlsi=essUjM5Ruq25QZxQ
Like your videos. You need however imho to better mic your recordings. As your market is older this is even more challenging.
You’re right! My newer videos have a different mic and hopefully better sound quality 🙂
Thank you so much for posting this video. I've taken classes on Medicare and talked to several insurance agents - no instructor or insurance agent even mentioned that high deductible F and now high deductible G plans were available unless I specifically asked about it (later). I've been on High Deductible F for half a year in Texas. I understand that the benefits for high deductible F and High Deductible G are almost the same. My concern is that all High deductible F plans have almost become a closed block of business because new people entering Medicare can not buy the F plan any more. As the pool of existing F insureds gets older and older, many of us will begin to have unforeseen health issues - will the sick people be trapped in the plan F and the well people able to pass underwriting switch to High Deductible G which is accepting new to Medicare people while they can. As the Plan F pollutes, will the premiums skyrocket further encouraging everyone to leave that is well enough to do so, further escalating the premiums.
I don't understand it, but I had a choice of a High Deductible F plan with issue age or attained age and I picked issue age, which was initially somewhat higher. Now that there are not any younger people coming into Plan F, how does this effect issue age plans - is the benefit still there.
Basically, my question is from an expected premium increase standpoint, should we flee High Deductible F plans to High Deductible G plans while we can?
Thanks - I'll refer your video to friends in the same situation.
Dave, I would recommend shopping High Deductible Plan F and G rates to compare. HDF will become a closed risk pool, but the concern for high rate increases with HDF is not as prevalent as with Traditional Plan F since HDF pays a lot fewer claims. Also, I'm here in TX as well and I would be happy to send over some quotes for you to review. (888) 465-9728 or stephanie@abtinsuranceagency.com
I am not concerned with crazy rate increases with Plan FHD as they pay out very few claims. It’s the plain plan F that will be affected I believe with sky rocketing premiums not FHD.
@@christinedaley5580 👌 I agree
@@AbtInsuranceAgency Excellent video. I especially liked your showing of the graph of deductible increases with high deductible plans since that is one concern about selecting them. Doesn't look bad at all. You mention here that concern about high rate increases with HDF are not as prevalent with traditional F since HDF pays fewer claims - that makes a lot of sense. But could you tell us what the rate increase history on high deductible F has actually been vs traditional F? That would be very helpful to assess HD plans vs the traditional ones. Thanks!
@@lennydjwannabe3531 It depends on the insurance carrier, but in most cases rate increases on HD-F are significantly lower than Traditional Plan F. If you'd like I can email you some more carrier specific information - please reach out by phone (888-465-9728) or email me at stephanie@abtinsuranceagency.com :-)
Hi Stephanie! My question is about underwriting. If you set up a medigap policy with a company and later want to make a change BUT stay with them will underwriting be required? Let's say I signed up with Etna for a high deductible Plan G and later wanted to change to a regular plan, but stay with them; will they require underwriting?
Thank you!
In most cases and with most companies, yes.
If I enroll in a G high deductible plan can I then set up an HSA (Health Savings Account) to pay my out of pocket expensed with tax exempt dollars?
No. You cannot contribute to an HSAif you are on Medicare. In fact you must stop contributing 6 mos before applying for Medicare if you have a high deductible policy through your employer. BUT you can contribute the max while working then EXPEND it when on Medicare.
Hi Stephanie, I’m turning 65 this year and am now in my IEP. I’ve always liked high deductible policies because I tend to look at insurance to help with catastrophic needs. Since I’m relatively healthy and have money (6 figures) already set aside for a health emergency, would I find value in continuing a “high deductible” strategy
As I enter the Medicare program?
Yes, as long as you understand the pros and cons the HD G plan can be a good fit! We’d be happy to help compare plans and pricing - feel free to call us at 888-465-9728 😊
It really is catastrophic if you develop a chronic condition that requires paying these deductibles every year, possibly for the rest of your life! A lot of folks don't realize that these are annual deductibles. If you get sick in December and are still in the hospital in January you pay that deductible again.
Does the high deductible plan G work with a MSA - about the same as a HSA?
I checked just yesterday and if you are on Medicare you cannot contribute to an HSA, even if you are on high-deductible, but you could use your HSA for expenses as long as they qualify legally.
Even if one is wealthy enough to self-fund a high deductible plan, the difference in premiums is usually not enough to consider these plans. A major problem with co-pays and co-insurance that it tends to discourage seeking early intervention treatment where true savings in medical cost would occur. Also, early self-pay puts one at a disadvantage in bargaining for cost savings.
Exactly. If you have two 70 year olds with stomach pain. One has a regular plan G, the other a high deductible plan G. The doctor advises both to undergo a CT scan. I guarantee you the one with the high deductible plan is going to be thinking, "OK, how much is that?" Because it is ALL coming out of pocket! They are far more likely to decline and go home with some Maalox! It's human nature.
@@alansach8437 That's not how HD G works. After you meet the Part B $233 deductible (same as our would for Plan G) or $1556 Part A, Medicare starts paying 80%. Only your 20% co-insurance goes against the deductible. They basically provide a Maximum Out of Pocket.
That's going to depend on where you live. Here in GA it is $100 a month. HD plans aren't for everyone but can be a good option for some. After you meet the Part B $233 deductible (same as you would for Plan G) or $1556 Part A, Medicare starts paying 80%. Only your 20% co-insurance goes against the deductible. I really don't see how that would discourage treatment.
One thing that's always confused me a bit and maybe you can help... in 2021 would an HDG member have to pay the $203 part b deductible in addition to the $2370 HDG deductible or is the $203 included in the $2370?
Good question- on HD-G the part B deductible counts toward the $2,370.
@@AbtInsuranceAgency I appreciate the clarity. The HDG details quote documents tend to be a bit confusing for the members and even me!
Can the deductible on Plan G High Ded. go up or is it locked in based on the year you bought it? Is it guaranteed issue?
Yes, the deductible can go up over time, as we show in the video. It is not locked in.
Dear Abt: Does *high-deductible plan G* exist for new applicants in May 2021?
Yes, it does! I'd be happy to send you over some rate quotes if you'd like. Email stephanie@abtinsuranceagency.com or call (888) 465-9728
Are high ded G or F going to be an option for a 51 yr old who qualified for Medicare A an B in 2013 due to disability or would I always be excluded through medical underwriting? I’m good with pre-existing condition exclusions - I’m more concerned about coverage for big unknowns.
If you were eligible for Medicare prior to 2020 then both Plan HDF and HDG would be available to you, as long as they are offered in your area.
@@AbtInsuranceAgency thanks so much... can you point me to anyhthing that would provide infoo on how to sign up for one of these... partic high d plan g?
Does Guarantee Issue Rights affect High Deductible Plan G (i.e. expected large increases in premiums in the future) or does it just affect Plan G?
I would like to know that too...
Yes, are High Deductible Plan G's claims experiences lumped in with Plan G or are they analyzed as a separate class from Plan G for premium increase decisions?
High deductible plans general pay out on fewer claims so the rate increases are typically less than on a traditional Plan G. I hope this helps!
@Fred Wills Exactly!
I'm thankful for your seminars during my decision making referring to Advantage or Suppliment plans. I stayed with the same Supplements N & D though on the surface, an Advantage Plan appeared to be the wise decision; you provided the knowledge & wisdom that led me to the more cost and wisest way for me to choose. I've one question. I live in NC and have Plan N with AARP UHC and I'm getting ready to go to see my Dr. and my specialist. Please give me an idea the $ amt. I can expect to pay un
until I meet Medicare deductible of $190.00. I misquoted my Supplement Plan for Parts A&B. I have had Plan G since day one and not Plan N. Forgive, please. Again, I thank you for sharing your knowledge and wisdom with confidence that you will be well rewarded for your unselfish giving. Have a blessed day and may this New Year be your best to current year.
@@kennethjohnson3895 The Medicare Part B deductible is $198 for 2020. If you are going in for an annual well check or routine preventative care, that is covered at 100% (per Medicare guidelines) without having to meet your deductible. But if you are seeing a specialist or doctor for a diagnostic visit, then you can generally expect to pay the full cost of Part B services into your $198 deductible. Then you would have 100% coverage with Plan G. I hope this helps!
@@AbtInsuranceAgency My gracious thanks for your quick response to the post I sent to you. If I may interject that Medicare has informed me that beginning 1/1/2021 that their deductible will be 198.00. Please double check as my records for 1/1/2000 is 190 as if $8.00 will not break the bank. I begin in September of every year saving my Medicare deductible so as on the 1st of January that all is saved to offset any surprises. Thanks in advance for your kindness and assistance .
I think an important point to make regarding medical bills during ALL Medicare deductibles (Part B or HDF or G) is that you only pay the “Medicare Approved Rate” for each service NOT the provider’s billed rate. An MD may “bill” Medicare $200 for a service, but Medicare immediately reduces the claim to the Medicare Approved Rate for what was done. You are then only responsible for paying this lower amount during the deductible phase. Balance Billing is not allowed.
Anyone who looks at what their F Plan paid out on their behalf compared to what S/He paid in premiums for Plan F , will understand how HDF is an amazing value while limiting their out of pocket to no more than $200/month in the worst case medical scenario. And saving them hundreds in a healthy, low medical use year.
One would think I paid my deductible in the form of the Medicare tax I paid for the last 30 plus years. The whole thing seems like a scam. So, what was all that Medicare tax applied to/for? Between A/B premium, supplemental A/B and part D that's more than $330 a month for insurance. So where did my medicare taxes go? And please don't tell me to pay for Medicaid, although wouldn't surprise me.
Comparable insurance on the open market for someone not on Medicare would cost twice that amount. People tend to need a lot of healthcare as they age, which is very expensive, especially in this country. Trust me, a couple of months in the hospital with a serious illness and you've gotten your money back.
It is NOT a scam.
Your FICA tax contributes to your FREE Part A hospitalization (the expensive part of Medicare) and Social Security retirement credits. If you don't have 40 quarters in work where you contributed FICA you don't get part A. If you want part A or a supplement or Medicare Advantage (part C) you get to pay several hundred /month for Part A. Plus part B (outpatient) Medicare is subsidized by the federal government.you can't buy this coverage for $170/mo unless you are under the Federal Poverty line Sas.
Does plan G HD deductible amount per calendar year or per hospital stay? Thank you for all informative videos👍👍👍👍👍
The deductible on HD-G resets each calendar year.
I'M wondering about " high deductible " I've has surgery & radiation...and didnt have to pay anything ...everything was covered . Could you please explain .ty
I would have to see the claims to explain, a lot depends on how things are coded etc.
@@AbtInsuranceAgency ty
@@AbtInsuranceAgency I thought high deductible meant you paid in money until you reach the deductible limit. Is that not true ? Ty
It's my understanding that Medicare pays the first... so your only responsible for 20% until you reach the high deducible limit. They keep saying plan will pay after $2000 or more until deductible is met. They don't say your only responsible for 20% until the plan deductible is met....example... after your meet the standard medicare deductible of appr $220....a $150 doctor visit will cost you $30 until you meet the supplement deductible. Then they will pay 100%, Please correct me if I'm wrong. Sorry ABT insurance....but they all are doing it. Good intentions...but it's misleading, to me this is no brainer if your relativity healthy.
Yes, you pay your Medicare coinsurance until you’ve met the plan’s deductible. So the high deductible Medicare Supplement plan doesn’t kick in until after the plan’s deductible is met, but Medicare pays its coinsurance after you’ve met the Medicare deductible, first.
Do you cover Alaska?
Yes, we do!
Will High Deductible Plan F rates start rising at a faster rate as fewer people will be on it in the coming years? Maybe that would be a good reason to use Plan G High Deductible?
In theory, yes. But across the board high deductible Plan F and G both will have low rate increases.
Hi, I live in New York. I am turning 65 in January 2021 and considering Plan G HD. I pretty healthy and don't go to the doctor much and I am confused on the deductible. If I meet the Plan B deductible for $198, would all my other plan B expenses be met or do I need to meet the full deductible amount of $2340?
Hi Al, Call me at 646-249-3776 for personalized assistance.
Consider HD plans catastrophic. Most folks will likely not meet the deductible unless you have cancer or extraordinary medical costs. That means you are paying small costs (20% of Medicare discounted Medicare Approved Rate for services you Need) UNTIL those cost reach $2470 in 1 calendar year. THAT is what insurance is for. Many people erroneously think with health insurance, they have to get back what they pay in!😵 Not so with auto or fire insurance, right? (And with claims to either fire or auto your insurance premiums will skyrocket). With any insurance the more risk YOU assume the lower the premium and the lower the cost. The "Lucky" person is the one who has a G policy and gets terribly sick and gets more than their premium cost? NOT.
Hi Stephanie, do they still offer plan FHD in Florida?
Yes, if you turned 65 or were eligible for Medicare prior to 2020.
Like most videos that discuss this plan, you fail to stress that part B covers 80% after deductible. This leaves you out of pocket for most visit at 20%. Most people just stress the max out of pocket of $2,340. In order to hit the max OOP, most people would have to rack up over $10K in bills. Do a cost benefit analysis of a Plan G vs HD Plan G. If you look at average Plan G cost of $200/mo vs $50/mo for HDG, you’ll save $2K a year in premiums. Over a 10 year period, you could hit the max OOP 6 out of 10 years and still save money. Why don’t more people talk about this?
crickets
Joe Burkhard So are you saying the HD G is worse than or better than the traditional Plan G?
Hi Scott, it depends on where you live and the cost of Plan G vs HD G. For me in Florida, Plan G costs $200/mo vs $50 for HD G. With a max OOP of $2,370 each year, I could max out 6 out of 10 years and still save money in premiums on HD G. Worth comparing costs and your usage. Good luck
You’re correct and as I say in the video, you pay only your portion of the Medicare cost share (including part A deductibles and coinsurance and Part B deductible and coinsurance) until you’ve met the plan’s deductible each year.
Like Liberty Mutual 's funny ads..."you only pay for what you need" with HDG. If you aren't needing a lot of medical care now, save on premiums and sock away in a "medical money market" the difference in premium cost for later when you have more medical issues. Then pay the lower premiums and pay the 20% up to the HD. You will save unless you get cancer or a Severe, Costly illness before 75. Then you will break even. Why pay $200/mo to cover 20% of little care?
I need help for my parents asap please... I was told HD plan f has a $2300ish deductible, and HD plan g has a $1400ish deductible.. is that true or false? Details please thank you!
Loves Soundtrack HD-G and HD- F both have a deductible of $2,340 for 2020.
And for HDG you have an additional $198 out of pocket for the Part B deductible which no G Plan covers.
lynda young yes. However that $198 Part B deductible counts toward the overall $2,340 HD-G deductible.
Abt Insurance Agency
How could it? G never covered Part B deductible (the distinguishing feature between F and G). Additionally that would make HDF and HDG exactly alike.
@@lyndayoung8761 This excerpt is taken from an Outline of Coverage from a major Medigap insurer:
"1Plans F and G also have a high deductible option which require first paying a plan deductible $2,340 before the plan begins to pay. Once the plan deductible is met, the plan pays 100% of
covered services for the rest of the calendar year. High deductible Plans F and G do not cover the separate Foreign travel emergency deductible. High deductible Plan G does not cover
the Medicare part B deductible. However, high deductible plans F and G count your payment of the Medicare Part B deductible toward meeting the plan deductible."
this is 2 years old why don't you update and give up to date prices you quote
I have other more updated videos on my channel - feel free to check them out!
I chose high deductible plan g this year.. i use the va for my routine healthcare and prescriptions but i wanted the option to use non va providers closer to me when necessary.. i agree that the high deductible plan g is better than advantage plan since i still have traditional medicare and no networks.. i went from $112 to $33 per month in north carolina.. hope i made the right choice! Fortunately i see dr very infrequently..
Who knows how much Medicare will raise the deductible.
Hi
The specific high-deductible Plan F that I'm looking at says covers 100% of plan a deductible $1,408 for 20 20 year benefit.
Covers 100% of the yearly Part B deductible $198 in 2020.....
Does that mean you don't have to worry about your $1,408 deductible before the plan kicks in?
And does that mean you don't have to pay your Medicare part b $198 a month this plan covers it?
So all you have to worry about having Medicare part A B and high-deductible F is the monthly premium which in this case is $72.22? Please help!
Loves Soundtrack I think it may be easiest to review this by phone - were available here at 888-465-9728.
Another way to express this is that with a high deductible a plan F you do have to pay that $1,408 deductible along with the $198 deductible and all other Medicare cost shares until you’ve reached $2,340. At this point the HD-F will pay 100% of Medicare A and B costs.
I gave back my traditional Medicare yesterday as the landlord has practiced Administrative Misconduct with an array of harrasments & nuisance calls involving the false filings at court regarding my recent Quarantine. Now, the condition is I've applied to terminate Medicare completely due to the circumstances involving my being served, twice.
I have not violated the lease but I have abided to it refusing entery to my home for SAFETY reasons, keeping people SAFELY at a distance so the don't get ill, or at least a couple of hours, the people can come into my home if I can have that time to at least sanitize protecting people from whatever ails me. Two fillings were made, 1. A Demand to Enter - when all they could have done was comeback in an hour or more. 2. A Notice to Quit - was served me. I've never missed rent- I have a year's lease- I had to return traditional Medicare- because the evidence shows I am being unlawfully harrassed- the circumstances that are the reasons to undue, overly exhaustive, or otherwise unessasary. They are threatening me mentally, & the manager has ordered me singled out in this community as I continue to cooperate with the lease, part C. Item 1. Housekeeping / Grounds I must keep my home SAFE as the standard.
I've done my level best to honor the lease in this respect in preticular. My Tradional Medicare Part A coverage began, 09-01-1991 Part B began 10-01-1999. I do have part D, also through Etna. They took my infant son away after his birth 30 years ago.
These unlawful acts have me believe they are going to send me to a place I never wanted to go- the hospital, but I agreed then as the condition of loosing my biological infant, still living so many years ago when I nearly delivered him myself as he came early, like I did, a family tradition. I have lost anything near & dear to me.
Presently, as my father, my sons grandfather passes away, he did try to adopt his biological Grandson, but the State of Colorado refused me, & he. He is a Veteran Purpleheart Awarded U.S. Army.
Is it too late to STOP my request to give back traditional Medicare as I filed yesterday due to being overwhelmed by my landlord's Administrative Misconducts?
Can you help me choose to keep Traditional Medicare or is it too late to pause the action I began with my local Social Security Office? Thank you. Gary father of 1.
High deductible plan g wisc
where do I find premiums in michigan for G., N or HDG?
I can't see folks avoiding treatment because of this minor deductible. Except for chronically ill, this HDG makes sense. More so than Plan N.
I know from personal experience that high deductibles prevent people from seeking healthcare. It's human nature. Premiums are premiums. You include them in your monthly budget and forget about it. It's like you never had the money. It's different to write a check for $2400.00 all at once. Especially if it comes at a "bad time", like when property taxes are due, or you just paid for a new roof. You also give pause if it's November or December, because you are thinking, "If I can hold out until January and pay it then, I will have a full 12 months before I have to worry about it again! If I pay it now and am still sick in January, I'll have to pay it again!" Sounds crazy I know, but I had all of those thoughts when I had a high deductible plan when I was working. My doctor once recommended a CT scan in the middle of December and I refused for these very reasons. He made me sign a waiver before he let me out of the office! Everything turned out ok, but it could have been otherwise. Everyone is different, but studies clearly show that for some a high deductible plan makes them put off care.
@@alansach8437 That's not how HD G works. After you meet the Part B $233 deductible (same as you would for Plan G) or $1556 Part A, Medicare starts paying 80%. Only your 20% co-insurance goes against the deductible. They basically provide a Maximum Out of Pocket.
All it takes is one really serious or chronic illness and you can find yourself paying these deductibles over and over again. Just imagine getting sick or injured in December and still being in the hospital in January. Your $5,000.00 deductible (which seemed reasonable) just became a $10,000.00 deductible, because it is an annual deductible, not an incident deductible like car insurance. Now imagine you have a chronic condition like heart disease, or cancer that drags on for years and years! You could be paying this deductible over and over again, and you are stuck with this plan because you need to undergo medical underwriting in order to change! Better to be a little over insured to start out than to be uninsured when you really need it. Most of us will need more and more medical care as we age, not less.
Not sure where you're getting the $5000 deductible. With a HD plan F, the deductible is also your max out of pocket cost, and in 2022 it's $2490. You pay the Part A/B deductibles along with 20% of what they don't cover. until you reach this amount. At this point, the HD-F will pay 100% of Medicare A and B costs. If you get a serious illness, the most you'll pay in any year Is $2490. I have HD plan F and it is better coverage than I ever had from an employer. My premium is $64/mo. A plan N or plan G would cost me $120-$150 more per month in my state. If I came into Medicare with a stage 4 cancer diagnosis like my husband, I'd go for plan G from the get-go. Like with any insurance, you have to weigh your risks and the value of the plan.