Your ability to switch plans in the future is absolutely a consideration.Question: When choosing between a standard vs high-deductible plan, isn't the issue more than just how healthy you are now in deciding if the high deductible is OK?I have the High Deductible G plan.
After doing a lot of research i found the F plan (which they no longer offer), the C plan and the G plan offer the best benefits.
(see: https://www.medicare.gov/health-drug-pl ... n-benefits)
After some quick calculations, i decided on the High Deductible G plan. as the total cost of the plan's deductible ($2,800) + 12 months of the $72 premium is less expensive than paying for 12 months of any other plan's monthly premium. (costs vary from state.)
If you are in relatively good health, it is highly unlikely that you will fulfill the $2,800 deductible (as Medicare payment rates are SIGNIFICANTLY lower than the billed amount), so you'll be ahead financially for each year that you do not.
All plans are state regulated & have the same exact benefits, so once you make your decision, go for the cheapest plan as it is exactly the same as the most costly plan. In other words, it does not matter which insurer you buy your plan from (but do take into account that customer service varies from 1 company to another).
Hope that helps.
I think most states allow companies to require medical underwriting if you want to switch plans. So, if your health declines at some point in the future, you run the risk of being stuck with your high deductible plan? At least that was might impression. So, is your ability to switch plans in the future also a consideration? (Sorry, if I missed any discussion on that earlier in the thread)
Statistics: Posted by tj — Wed Mar 20, 2024 8:30 pm — Replies 41 — Views 1162