The medicare supplement high-deductible Plan F is a great value.
Yes, the deductible is $2,200, but the client would need to incur $11,000 in Part B charges to reach that (or less if Part A costs are also incurred).
The difference in premium between the Hi-D Plan F and the regular Plan F, Plan G, or Plan N is quite a lot. I've seen as high $2,000 in premium difference, and other lower amounts as well.
In other words, for example, it's like paying an extra premium of $1,100 in premium (Plan F) to protect against a possible deductible of $2,200 (Hi-D Plan F). Obviously, that's not ideal.
I understand that the client would have to pay out of pocket and some clients don't want to do that and would rather just pay a simple premium every month and be done with it, even if the premium is higher.
Just curious to see if anyone has any clients on the Hi-D Plan F, which can be a great value if the client is OK with it.
Yes, the deductible is $2,200, but the client would need to incur $11,000 in Part B charges to reach that (or less if Part A costs are also incurred).
The difference in premium between the Hi-D Plan F and the regular Plan F, Plan G, or Plan N is quite a lot. I've seen as high $2,000 in premium difference, and other lower amounts as well.
In other words, for example, it's like paying an extra premium of $1,100 in premium (Plan F) to protect against a possible deductible of $2,200 (Hi-D Plan F). Obviously, that's not ideal.
I understand that the client would have to pay out of pocket and some clients don't want to do that and would rather just pay a simple premium every month and be done with it, even if the premium is higher.
Just curious to see if anyone has any clients on the Hi-D Plan F, which can be a great value if the client is OK with it.