Medicare supplement Plan F is the most comprehensive of all the Medicare supplement plans. This makes it the most popular of all the Medicare supplements.
What Does Medicare Supplement Plan F Cover?
Plan F covers all of the gaps left by your Medicare Parts A and B coverage. There are nine specific covered gaps. Plan F covers the Medicare Part A deductible of $1,340 per benefit period, the cost for the first three pints of blood, the coinsurance for days 61-365 of a stay in the hospital, hospice care coinsurance, and skilled nursing care coinsurance. Additionally, Plan F covers the Part B annual deductible of $183, the coinsurance of 20% of Medicare approved costs, and any excess charges. Finally, Medicare supplement Plan F also covers the costs of a foreign travel emergency up to the plan limits.
What Doesn’t Plan F Cover?
The only Medicare Parts A and B costs that Plan F does not cover is the premium payments for Medicare Part B. Depending on your income, you may have to pay a premium for Medicare Part A. If you were to fall into that category then Medicare supplement Plan F would also not pay for that premium.
What Does Medicare Supplement Plan F Cost?
The cost of your Medicare supplement Plan F depends on many factors. If you are about to turn 65, you will get the lowest prices because you have an opportunity to get a Medicare supplement plan during open enrollment. This open enrollment period is within 6 months after you turn 65 and enroll in Medicare Part B. During this period, there is no medical underwriting and you cannot be rejected for a plan. The best way to know all your options is to get a set of Medicare supplement quotes.
Are Other Plans Cheaper?
Yes, there are cheaper plans than Plan F. However, Medicare supplement plan F is the most comprehensive. Of the other plans, Medicare supplement Plan G compares in coverage and may save you money. You can learn more about Medicare supplement Plan G here.
Any Medicare supplement plan involves some bit of risk. With a more comprehensive plan like Medicare supplement Plan F, you will pay more per month but there will be no costs after that. With another plan, you will spend less per month but have additional costs if you need health services. You can find out more about all the other Medicare supplement plans here.