Yes, you can switch from Medicare Plan F to Plan G in 2021, as Medigap plans can be changed at any time of the year. While Plan F was phased out for new beneficiaries after 2019, those already on it can switch, though they may have to answer health questions (medical underwriting) unless they have guaranteed issue rights.
The Plan F covers all benefit categories at 100% on Day 1 with no deductible requirements. The Plan G covers all services at 100% after the Part B deductible is satisfied. In 2026, the Part B deductible is $283. When comparing the Plan F vs Plan G, the only out of pocket difference is the Part B deductible.
However, it's being phased out, along with Medicare supplement Plan C. Plan F and Plan C are only available to people who turned 65 before January 1, 2020 or were first eligible to receive Medicare benefits due to age, disability or end-stage renal disease (ESRD) before January 1, 2020.
Effective January 1, 2021, the annual deductible amount for these three plans is $2,370. The deductible amount for the high deductible version of plans G, F and J represents the annual out-of-pocket expenses (excluding premiums) that a beneficiary must pay before these policies begin paying benefits.
Are Medicare premiums tax deductible? Yes, your Medicare premiums can be tax deductible as a medical expense if you itemize deductions on your federal income tax return. You can only deduct medical expenses after they add up to more than 7.5 percent of your adjusted gross income (AGI).
The average monthly cost for a standard Medicare Supplement Plan G generally ranges from about $90 to $200+, with some estimates showing averages around $150-$180 for younger enrollees, but costs vary significantly by location, age, tobacco use, and insurer, with high-deductible options starting much lower (around $30-$70/month). Expect premiums to rise with age, potentially reaching $200+ for older individuals, and remember you must first pay the annual Medicare Part B deductible ($283 in 2026) before Plan G starts paying.
Key Takeaways. Plan G offers nearly identical coverage to Plan F, except it doesn't pay the Medicare Part B deductible. Plan F is only available to people who became eligible for Medicare before January 1, 2020. Plan G may save you money overall, especially if you don't mind paying a small deductible each year.
Yes, you can switch from Medicare Plan F to Plan G. However, depending on your state and insurer, you may need to undergo medical underwriting. This process involves answering health-related questions, which can affect your eligibility and premium rates.
High Deductible Plan F Cons
The plan requires you to pay a high deductible out of pocket before it begins to provide coverage, which can be a disadvantage for people with frequent healthcare needs or limited financial resources.
The plans differ in terms of premiums, out-of-pocket limits and what they cover. Plan G is essentially a replacement for Plan F for new Medicare members. Plan F and Plan C aren't available for sale to people who became eligible for Medicare on or after Jan. 1, 2020, and to some people under age 65 (exceptions apply).
The only thing an F plan pays for that a G plan does not, is the $257 part B deductible. Many times the F plan is over $257 more than a plan G (annually). Typically makes sense to switch to a G plan to save money and have same coverage. Basically reducing premium to pay a small deductible.
Plan G remains the most popular Medigap plan for new enrollees, offering comprehensive coverage with predictable costs. Other popular plan options include High-Deductible Plan G, Plan N, and Plan F (if eligible).
Medicare Supplement Insurance premiums tend to increase with age. As you compare Medigap quotes, it may be helpful to consider how your age could affect your Medigap premium costs over time. In this guide, we break down the average monthly premiums of Medigap Plan G, Plan F and Plan N by age, from age 65 to age 85.
If you pay for health insurance coverage before taxes are taken out of your employer's paycheck, you can't deduct your health insurance premiums.
Cost Savings: Plan G Is Often More Affordable
While Plan F may offer slightly more coverage (by including the Part B deductible), Plan G premiums are often significantly lower. In fact, many enrollees find that even after paying the Part B deductible out of pocket, they still save money annually with Plan G.
UnitedHealthcare is the best Plan G Medicare Supplement (Medigap) provider of 2026, according to Investopedia research. Anthem and State Farm are two more excellent options. Plan G is the most popular Medigap plan, and it's the most comprehensive for people who turned 65 on or after Jan. 1, 2020.
If you joined a Medicare Advantage Plan during your Initial Enrollment Period, you can change to another Medicare Advantage Plan (with or without drug coverage) or go back to Original Medicare (with or without a drug plan) within the first 3 months you have Medicare Part A & Part B.