If you are on Medicare Part A and Part B, with a keen understanding of risk -vs- reward, and would like to minimize your COST OF MEDICARE SUPPLEMENT INSURANCE then the Medigap Hybrid strategy is for you!
This is basically the concept of SELF INSURANCE your self for the first $2150.00 or so depending on the year.
What you do is purchase a Medicare Supplement Plan F "HIGH DEDUCTIBLE" with a low monthly premium, which in some cases may save you up to $1200.00 a year compared to its counter part the PLAN F.
You then take on the DEDUCTIBLE as your exposure, but it is simple.
If you go 2,3,4,510 years at the lower monthly premium you could save upwards of $12,000 (in ten years) and if you had to meed your out of pocket deductible 2 or 3 times in that time-frame you will be ahead by thousands.
There is no reason to OVER PAY for insurance, if you are willing to manage some of the risk.
The nice thing is if you don't use it, you will save thousands!!!!!