2020 and Medicare Supplement plans to consider

Medicare supplement part G is one of Medicare Supplement plans you need to consider in 2020. While there is no plan which is going to cover the deductible for Part B, Medicare Supplement Plan G tends to be similar to the Plan F full coverage. The exception comes only in that you will have to pay the $198 deductible for Part B.  After the deductible is paid, you will not have to pay any other out of pocket costs when you go for your Medicare-approved services.

Understanding the high deductible 2020 Plan G

Medicare Supplement Plan G in 2020 is a new introduction to the Medigap. If you pick this particular plan, Medicare will be able to cover its portion of costs, and you are going to pay the 20% out of pocket bill until you pay the deductible.

In 2020, $2,340 is the amount for a high deductible. When you reach the $2,340 amount, the rest will be paid by Medicare Supplement plan for all your Medicare-approved treatment. Due to the chances of the out of pocket being high, the premiums that accompany this particular plan tend to be less expensive as compared to Medicare Plan G.

You could opt for the Plan G high-deductible if:

·         You are rarely in need of medical treatment

·         You are in a position to pay for the out of pocket deductibles

·         You feel that it is okay to save your money instead of having to worry about medical bills