Medicare Plan F – Just Say NO!


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An Overview of Medigap Plan F Supplement Plans

Original Medicare provides coverage for different medical services and products.  However, Medicare has gaps in coverage where Medicare only pays a certain amount. In order to fill these gaps, Medicare Supplement insurance options such as Medigap Plan F have been designed to help. To help patients keep medical costs to a minimum supplement insurance is available.  They are offered through private insurance companies in your state with standardized terms. The terms help keep premium costs competitive.

Details You Should Know about Plan F
When private insurance companies offer supplement policies information should be concise, clear and easy to understand.  There are multiple plan options to compare besides Plan F, but this plan is a common option because of costs it helps cover.  This and other Medigap plans offer benefits and basic coverage costs that vary.  Prescription drug medications are not covered under these policies.  Beneficiaries may consider Part D drug coverage through Medicare.

Medigap Plan F Benefits You Receive
There are several benefits beneficiaries will enjoy with Plan F.  Medicare Part A deductible, hospice coinsurance or copayment, nursing care facilities coinsurance, and Part A coinsurance costs for hospital stay 365 days after Medicare exhausted costs will be covered 100 percent. Part B coinsurance or copayment, preventative care coinsurance, deductible, and excess charges will be covered 100 percent.  Additional services such as first 3 pints of blood and foreign travel medical emergencies are fully covered.  Keep in mind these benefits kick in after you have satisfied your plan deductible.  These are details you should compare with other supplement insurance policies before buying.

What is Required to Purchase Plan F?
When an applicant is interested in purchasing Medigap Plan F they should be enrolled in Part A and B Medicare plans. It is recommended to enroll in Plan F when enrolling in Medicare, but you have the option to sign up when you are ready.  Part B has a monthly premium you will continue paying when approved for supplement insurance.  You can purchase a plan for yourself but if you are married your spouse needs to purchase their own if they meet qualifications.

The plan policy terms information is the same no matter which insurance company you choose to have a plan with. The issue here is to compare rates since some can vary.  This plan is not to be confused with Medicare Advantage (Part C).  You are not allowed to have the Advantage plan with a supplement insurance policy.  However, if you are canceling Medicare Advantage you can sign up for a supplement plan.  You can sign up for a supplement plan if you are making a switch from a previous Medigap option.

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