Medicare can be quite confusing with all of the letters they use to describe plans and services. A great example of this is with Plan F and High Deductible Plan F. With a High Deductible Plan F, you’re getting a version of a regular Medigap Plan F policy. Once you reach the deductible in a High Deductible Plan F, it functions exactly like a standard Plan F. Shoppers who are looking for the lowest cost Medicare supplement plan or come from their job’s health savings account plan are frequently interested in Hi-Ded Plan F.
All Medicare Supplement plans pay roughly 20% of Original Medicare’s benefits. In other words, Medicare usually pays 80% and your Medigap policy pays the remaining 20%.
Medigap Plan F is one of the most popular plans because shoppers love that it provides first-dollar coverage. People looking for better value understand that first dollar coverage comes at a premium.
How Hi Deductible Plan F works:
When you buy a High-Deductible Plan F policy, Medicare will pay its share first.
Once that happens, you’ll have to meet your deductible. This deductible is your maximum out of pocket costs which are $2,300 in 2019.
Pros and Cons of High Deductible Plan F
The pros and cons of HDPF are pretty straightforward. It provides shoppers the lowest cost monthly premium for a Medigap plan. That’s the advantage of the Hi Deductible plan. However, the low premium comes at the possible cost of having to meet a $2,300 deductible if you run into a serious medical attention.
HDPF Medicare Supplement Quotes
With REMEDIGAP, you’ll get one on one help from licensed Medicare agents at no cost to you. You’ll have your own personal Medicare guide in your back pocket.
When you sign up for any Medicare Supplement Plan through REMEDIGAP, we’re here with you for the long haul. You’ll get help through the entire application process as well as on-going support year after year. Medigap plans provide excellent coverage, but if you ever run into any problems with your coverage or submitting a claim, we’re here to help.
Give us a call now at the number below. You can also compare quotes, side by side, of all the Medigap rates in your area by using our online quote comparison tool here. You can see if popular plans like Plan G or Plan N are best or another provides better value.