Medigap Plan F, also known as Medicare Supplement Plan F, is the most comprehensive Medicare Supplement plan available. It covers all Medicare ‘gaps’, and is the only plan that includes both Medicare Part B deductible and Medicare Part B excess charges. It is also the most popular plan.
Like all Medigap plans, Medicare Supplement Plan F is standardized. Its benefits are the same and do not depend on the company offering the plan. However, premiums may be very different from company to company.
Most Medicare Supplement insurance companies offer Medigap Plan F. Some companies offer only one of the two most comprehensive Medigap plans: Plan F or Plan C.
Medicare Supplement Plan F Benefits
- Medicare Part A coinsurance and hospital costs up to an additional 365 days after Original Medicare benefits are consumed.
- Medicare Part B coinsurance or copayment.
- Blood (first 3 Pints).
- Part A Hospice Care coinsurance or copayment.
- Skilled Nursing Facility Care coinsurance.
- Medicare Part A Deductible.
- Medicare Part B Deductible.
- Medicare Part B Excess Charges.
- Foreign Travel Emergency (Plan Limit is applied).
Medicare Supplement High-Deductible Plan F Benefits
High-Deductible Medicare Supplement Plan F is the same as Medigap Plan F, apart from having to pay the deductible amount ($2,240 in 2018) before your Medigap Plan pays anything. Naturally, the premium for the high-deductible plan F is substantially lower than the premium for the standard plan F.
When is Medigap Plan F the right choice?
Because the Medicare Supplement Plan F covers all Medigap “gaps”, you won’t have any out-of-pocket expenses when you visit a doctor or hospital. This plan, however, is the most expensive. Select Plan F if the security and predictability of not having to pay anything out-of-pocket (other than premium) are the most important for you.
Medigap Plan G vs. Medigap Plan F
Medigap Plan G is identical to the Medigap Plan F, except it does not include the Medicare Part B deductible. Use Medigap Plan F (if available in your area) if the Medicare Part B deductible exceeds the difference in premiums between plans F and G.
Medigap Plan C vs. Medigap Plan F
Medigap Plan C is identical to the Medigap Plan F, except Plan C does not include the Medicare Part B excess charges. Use Medigap Plan F (if available in your area) if the advantage of covering Part B excess charges exceeds the difference in premiums between plans F and C.
Notice that as of 2020, Medicare Supplement plans will no longer sell NEW Medigap Plan F. Congress has decided that new Medigap plans will no longer be allowed to cover the Part B deductible after January 1, 2020, and it affects Plan F. Anyone enrolled in a Medigap Plan F as of 12/31/2019 will be “grandfathered” and able to continue with their plan (including coverage of the Part B deductible) as long as they want.
Let Liberty Medicare Help you Choose
With 10 Standardized Medicare Supplement plans available, it may be not an easy task to select the right plan. Not all Medigap providers carry all plans, and the difference in premiums for the same type of plan among different vendors may be rather significant.
Take advantage of Liberty Medicare and find the Medigap plan that is best for your needs and budget. All our services are absolutely free to you! Learn more about all the benefits of working with Liberty Medicare.
We represent many well-known Medicare Supplement providers and help people save money on Medicare in the following states:
- New Jersey
- New York
Get a free Medicare Supplement Insurance Quote, or feel free to call us at 877-657-7477. Our specialists are ready to answer your questions.