What type of plan typically has lower premiums but higher deductibles?

A high-deductible Medicare Supplement Plan is designed to have lower monthly premiums compared to traditional Medicare Supplement Plans. This is an appealing option for individuals who are looking to save on their monthly costs but are willing to take on a higher deductible that must be met before their coverage kicks in.

This type of plan is especially beneficial for those who may not require frequent medical services and can manage the higher out-of-pocket costs associated with the deductible. By accepting this trade-off, enrollees can maintain access to comprehensive Medicare benefits once the deductible is met, which can provide significant financial protection against high medical expenses in the long term.

This is distinct from standard Medicare Supplement Plans, which typically feature higher premiums but also lower or no deductibles. Medicare Advantage Plans operate under a different structure altogether, often focusing on managed care with additional benefits but not fitting the same mold as Medicare Supplement Plans. Basic Medicare Plans also do not fit within the comparison since they do not involve the premium/deductible trade-offs characteristic of Supplement Plans.