Plan F covers the most benefits compared to all other Medicare Supplement Insurance plans. Depending on the state where you live, you could get 6% off your monthly premium if you enroll online. (Discount not available in CA, CT, OH and PA.)
Note: Plan F is only available to Medicare beneficiaries who were eligible for Medicare before Jan. 1, 2020.
What does Medicare Supplement Insurance Plan F cover?
With Medicare Supplement Plan F, you get the most complete coverage available. And because Plan F also covers costs in excess of Medicare-approved amounts, you may have no out-of-pocket costs for hospital and doctor’s office care.
Medicare Supplement Plan F offers Medicare benefits including:
Hospitalization: pays Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits end
Medical expenses: pays Medicare Part B coinsurance—generally 20% of Medicare-approved expenses—or copayments for hospital outpatient services
Blood: pays for the first 3 pints of blood each year
Hospice care: pays Medicare Part A coinsurance
In addition to the basic benefits, Plan F also provides coverage for:
Medicare Part A and Part B deductibles
Skilled nursing facility care coinsurance
Medicare Part B excess charges (this is the difference between what a doctor or provider charges and the amount Medicare will pay up to Medicare's limiting amount)
Foreign travel emergency medical help (up to plan limits)
Plan F also has a high-deductible plan option. With this option, you must pay for Medicare-covered costs (coinsurance, copayments and deductibles) up to the deductible amount of $2,800 in 2024 before your plan pays anything. You must also pay a separate deductible ($250 per year) for foreign travel emergency services.
High-deductible policies have lower premiums, but if you need to use your benefits, you may have higher out-of-pocket costs.
Plan F offers the most coverage, but it's not available to everyone. Plan G covers nearly as much as Plan F — and it's available for any Medicare member. Both Plans F and G also offer a high-deductible Medigap plan in some states. Because Plan F covers more than Plan G, it also costs more.
Why is Medicare Plan F no longer an option for most people? In short, Medicare Plan F is being phased out because of the first dollar coverage that made it so popular. As federal lawmakers saw it, that kind of coverage has the potential to be overused at the expense of the Medicare program.
Medicare Supplement Plan F offers Medicare benefits including: Hospitalization: pays Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits end. Medical expenses: pays Medicare Part B coinsurance—generally 20% of Medicare-approved expenses—or copayments for hospital outpatient ...
High out-of-pocket annual expenditure for Medicare Advantage plans: Humana has the second-highest average out-of-pocket annual expenditure of the insurers we reviewed. You would end up paying more when you get care than you might with other insurers.
Introduction: My name is The Hon. Margery Christiansen, I am a bright, adorable, precious, inexpensive, gorgeous, comfortable, happy person who loves writing and wants to share my knowledge and understanding with you.
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