Medicare Plan F
Once your eligible to enroll into Medicare by turning 65 and by paying into Medicare during your work years, you can then join Medicare only to find that Medicare Part A&B doesn’t cover you 100%. Which is where a Medicare Supplement Plan and helps cover the gaps that Medicare Part A&B misses.
Currently Medicare Supplement Plan F is the only plan that can cover all the gaps for you and give you a peace of mind when it comes to your health care. Plan F is the most popular plan available and therefore it’s important that you have the facts when it comes to decision making on weather you want to signup for a Medicare Supplement Plan F.
Medigap Group can help you signup and enroll into a Medicare Plan F plan by either receiving a free quote from us or by giving us a call and talking with an Agent. The advantage that we bring is that our Agents can look at all Medicare Plan F carriers and tell you the cheapest option available.
Because Medicare Plan F is a Government Standardized plan all carriers that provide Plan F by law have to offer the same service. That means that you can buy from any Medicare provider and you’ll receive the same service. Unless you have a preference on carrier’s. We recommend that you talk with one of our agents so you can see what your pricing options are. Rates change all the time in different areas of the United States, so getting locked in can help you plan and budget for your Medigap Supplement Plan.
The chart below shows how each of the available Medicare Supplement plans work. Plan F is the fifth plan listed on the chart. Plan F is currently the most comprehensive plan available, and because of that, is also the most popular. It is one of only two plans, which cover the part B excess charges.
Plan F’s benefits include coverage for:
- The Part A coinsurance(which begins after 60 days of hospitalization) and also covers an additional 365 days of hospitalization after your Medicare benefits are used up
- The Part B coinsurance(20% of all outpatient bills, after the Part B deductible is met)
- The first 3 pints of blood(which are not covered by Medicare)
- Part A hospice care coinsurance
- Skilled nursing facility coinsurance
- The Part A deductible($1,184 per benefit period)
- The Part B deductible($147 annually)
- Part B excess charges(up to 15% beyond Medicare’s allowable charges)
- Foreign travel emergency care