Save Thousands on Your Supp Plan F with G+
If you are currently enrolled in a Plan F Supplement Plan in New York, you might have noticed the annual premium increase continuing to rise every year. In this article we will share an alternative Supplemental Plan that will save you money each year while still maintaining the coverage you rely on.
G+ High Deductible Plan From Globe Life
The High Deductible G+ Plan, is a great option for anyone currently enrolled in a Supplement Plan F. The G+ Plan has the same exact coverage as the Plan F (same doctors, same coverage, same flexibility) but instead of a high monthly premium, like the Plan F, it has a very low monthly premium and a high deductible instead. When you add up the total expenses (premiums + deductibles), the G+ will save you over $1,250 per year at a minimum. Here is the breakdown:
Cost Comparison
| PLAN NAME | MONTHLY PREMIUM | DEDUCTIBLE | TOTAL ANNUAL COST |
|---|---|---|---|
| Plan F | $419 | $283 | $5,028 |
| Globe Life G+ | $91 | $2,950 | $4,042 |
Key Differences- Deductible vs. Premium
The main differences between these two plans are the deductible and the premium. The deductible for the Plan F, is the Part B deductible of $283. The deductible for G+ is much higher, $2,950, which includes the Part B deductible. With the G+ deductible, Medicare always pays 80% of the negotiated amount for covered services like doctor visits, labs and imaging and you are responsible for the remaining 20%, until those payments total $2,950. Once you hit the $2,950 deductible, all expenses are covered at 100%.
The premiums for the G+ however, are significantly lower. Monthly premiums for G+ are only $91 per month, which is $328 less per month than the Plan F monthly premiums. This is a huge savings of $3,936 per year on premiums alone.
Coverage Comparison
As mentioned, the coverage for both plans is exactly the same. Because Medicare is still your primary insurance with both plans, you enjoy all of the same benefits.
✅ Both plans work anywhere Medicare is accepted
✅ Medicare remains primary- both follow Medicare billing
✅ No networks, full freedom nationwide
✅ Full flexibility to switch any time in NY- no underwriting, no health questions, no delays
The Bottom Line: What You Get with G+
If you are looking to save money on your supplement plan, switching from Plan F to G+ is a guaranteed savings of at least $986 a year. If you do NOT go to doctors that often, you can save even more (up to $4,000) per year. With the same exact coverage, and the ability to switch plans at any time in the future, it is a no-brainer to go with the G+ over Plan F.
If you are interested in enrolling in the G+ plan, please call the experts at Plan Medicare 516-900-7877.
