For quite some time, Medicare Plan F has been the most popular plan available to Medicare shoppers. It used to be the most frequently purchased of all the Medigap plans because of its comprehensive coverage, but is Medicare Supplement Plan F the best deal for you?
Medicare Supplement Plan F
Often referred to as the “Cadillac” of Medigap plans – Plan F has the most benefits of all the Medicare supplement plans. Let’s look more closely into Plan F and find out if it’s the right plan for you. When you’re done, make sure to read about the other Medicare plans available below.
Medicare Part F and Plan F – What’s the difference?
Medicare can get quite confusing with all of their letters. Original Medicare has 4 Parts – A, B, C and D. However, Medigap plans also have letters – like Plan B or Plan D. For example, Plan B and Part B sound the same, but are completely different.
Here’s what you need to know about Plan F:
- There is a Medicare Supplement Plan F (aka Medigap Plan F)
- There is no such thing as Medicare “Part F”.
For some reason the term or phrase “Part F” caught on and it has been confusing people ever since. Just know that Medigap Plan F is an insurance policy that has the most coverage out of all the other Medigap plans.
Plan F Overview
|Medicare Supplement Benefits||Plan F Covers?|
|Medicare Part A coinsurance & hospital costs (up to additional 365 days after medicare benefits are used||Yes|
|Medicare Part B coinsurance or copayment||Yes|
|Blood (first 3 pints) 3||Yes|
|Part A hospice care coinsurance or copayment||Yes|
|Skilled nursing facility care coinsurance||Yes|
|Part A deductible||Yes|
|Part B deductible||Yes|
|Part B excess charges||Yes|
|Foreign travel emergency (up to plan limits)||Yes|
What Medicare Plan F Covers
Medicare supplement Plan F, also known as Medigap Plan F, is private insurance sold by companies to fill in the coverage gaps of Original Medicare. Plan F is the most comprehensive Medigap plan and provides the following coverage benefits:
- Foreign Travel Emergency (up to plan limits) (Covered)
- Skilled Nursing Facility Coinsurance (Covered)
- Medicare Part B Excess Charges (Covered)
- Medicare Part A Deductible (Covered)
- Medicare Part B Deductible (Covered)
- Medicare Part A Coinsurance & Hospital Costs (Covered)
- Part A Hospice Care Coinsurance or Copayment (Covered)
- Medicare Part B Coinsurance and Copayment (Covered)
- Blood (First 3 Pints) (Covered)
What Medicare Supplement Plan F DOESN’T Cover
Medigap Plan F will not cover the majority of dental, vision and hearing health care costs. The good news is that no Medicare supplement plans cover these services either. If you’re looking for a standalone plan to cover these benefits, there are many reasonably priced plans available. REMEDIGAP can help and offers plans that allow you to see your own provider.
Does Not Cover
- Like all Medigap plans, it doesn’t cover most dental, vision, & hearing health care costs.
With Medicare Supplement Plan F, you’re getting the most comprehensive Medigap plan available.
Will Medigap Plan F Go Away?
Over the years there have been Medicare supplement plans that have been introduced as well as taken off the market. What about Plan F?
Medigap Plan F is Going Away!
Yes, unfortunately Medicare Supplement Plan F will be taken off the market beginning in January 2020.
Plan F will no longer be available for new Medicare enrollees. However, it is still available if you’ve enrolled in Medicare before 1/1/2020.
Should I join Plan F before it goes away?
Should you sign up for Plan F or one of the other popular plans like Plan G or Plan N? Medigap Plan G and N are staying, so are they the better option?
These are great questions.
It’s always in your best interest to compare multiple plans from multiple companies to see which one is best for your financial situation and goals. Get Medigap quotes from these other plans and get help from an independent agent like REMEDIGAP. We help compare these plans for you and educate you on the pros and cons of each.
We frequently find that Plan N and Plan G turn out to be a better value for most of our clients. Why? – The monthly premium savings that you receive is usually greater than the Part B deductible you pay every year. Plan G just makes sense financially.
Medigap Plan F Quotes
At REMEDIGAP, we’ll provide you online Plan F quotes to compare with other plans like Plan G and Plan N. You’ll also get unbiased advice and education in order to make a smart Medigap purchase.
How about free lifetime support? You get that too with REMEDIGAP! Buying a Medicare supplement has never been easier! Give us a call today or get started now with an online Medigap quote.
Michael Quinn is an independent licensed insurance agent with a passion for helping others navigate the complex world of Medicare insurance. With over a decade of experience in the field, Michael has established himself as a trusted advisor to countless individuals seeking guidance on their healthcare coverage options.
In 2013, Michael obtained his license as an insurance agent, laying the foundation for his successful career in the industry. Prior to that, he earned his Masters Degree in Communicative Disorders from the University of Central Florida, which equipped him with strong communication and interpersonal skills.
Driven by a genuine desire to make a positive impact on people's lives, Michael co-founded REMEDIGAP in 2013. It was created as a dedicated platform that aims to educate individuals about Medicare insurance. Through REMEDIGAP, Michael provides comprehensive resources and unbiased information to empower individuals to make informed decisions about their healthcare coverage.
With his extensive knowledge and expertise, Michael has been able to guide thousands of individuals towards finding the most suitable Medicare insurance plans tailored to their unique needs. His dedication to his clients' well-being, coupled with his passion for simplifying complex insurance concepts, has earned him a reputation as a compassionate and reliable advisor.
His work has appeared on many blogs and websites including, USA Today, Yahoo.com, Nerdwallet, Think Advisor, and REAL SIMPLE.