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Plan F

Medicare Supplement Plan F

Medicare Supplement Plan F is generally regarded as the most comprehensive plan out of the 10 Medicare Supplement (Medigap) policies available in most states. Its extensive coverage makes this a popular plan for beneficiaries who want broader assistance with out-of-pocket costs in Original Medicare; however, this also means that premiums may be more expensive. Plan F covers all remaining hospital and doctor costs after Original Medicare Part A and Part B has paid its share, leaving you with no deductibles or co-pays.

Plan F benefits, like other Medigap plans, are standardized in most states. This means that regardless of where you live or which insurance company you purchase from, you’ll get the exact same coverage for a Plan F sold anywhere in your state. However, keep in mind that even though benefits are the same, premiums for that coverage may vary.

Plan F does not replace Part B. You must be enrolled in both Part A and Part B to enroll in Plan F. However, it provides the most comprehensive Medigap coverage that you can buy. You will NEVER have to pay a deductible or co-pay with Plan F!

Medicare Supplement Plan F is Comprehensive

Medicare Plan F policies are considered first-dollar coverage. After Medicare pays its share of your claims, Medigap Plan F pays the remainder. This leaves you with $0 out of pocket.

  • Plan F fully covers both your Part A hospital deductible and your Part B outpatient deductible
  • Plan F covers all of the 20% that Medicare Part B normally leaves for you to pay
  • Medicare Plan F covers all Part B excess charges. You will never pay the standard 15% excess charges that doctors under Medicare are allowed to charge for Part B services
  • Choose any doctor – from over 880,000 physicians in the United Sates
  • No referrals required! Medigap plans allow you to see any Medicare specialist whenever you like. You are not required to get a referral from your primary care doctor.
  • Guaranteed renewable. Your coverage can never be cancelled due to health conditions or the number of claims you file.

Medicare Plan F Pays your Deductibles AND Co-insurance

Here’s an example: if you have no supplement, you would owe an $1,316 deductible (Part A deductible) when you go in the hospital. You would also pay 20% of expensive procedures like surgery, because Part B only pays 80%.
If you had a Medigap F policy, though, all of these would be paid for by your insurance!

Here’s a personal clients story:

Bill was diagnosed with lung cancer and thankfully was enrolled in Medicare as well as Medicare Plan F. He did have to go undergo chemotherapy and radiation all which he paid zero dollars for. Medicare paid his medical expenses first and his Plan F paid the remaining balance. If he only had straight Medicare alone then Medicare Part B would of paid 80% of the cost of his chemotherapy and radiation and he would have been responsible for the 20% that is not covered!

This makes it easy to understand the importance of having Supplemental coverage!

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