Medigap Plan F is one of the most popular supplement plans because of the amount of coverage it offers compared to other plans. It provides 100% coverage for:
- Part A hospice care coinsurance and copayment
- Part A and B coinsurance and hospital costs
- Part A and B deductible
- Part B excess charges
- First three pints of blood for transfusions
- Skilled nursing facility care coinsurance
It also offers 80% coverage for a foreign travel emergency.
High Deductible Plan F
This high deductible option gives you the same coverage as regular Plan F but offers a high deductible to limit your out-of-pocket spending. You must meet this deductible for the plan’s coverage to begin. The deductible you must meet in 2020 is $2,340.
Your premiums will not count toward the deductible. However, any costs incurred from Part A and B deductibles, copayments, or coinsurance, will count toward the deductible. Once the deductible is met, you will not have any out-pocket-costs for the rest of the year.
Because the deductible is high, this option often has lower premiums.
Is Plan F still available?
According to the Medicare Access and CHIP Reauthorization legislation, Medicare Supplement Plans are no longer allowed to cover the Part B deductible. This caused Medigap Plans C and F to be discontinued. However, they are still available to those who were eligible for Medicare before January 1, 2020.
Alternative to Plan F
For those who are not eligible for Plan F, Medigap Plan G is an excellent alternative as it offers the same coverage:
- Part A hospice care coinsurance and copayment
- Part A deductible
- Part A and B coinsurance and hospital costs
- Part B excess charges
- First three pints of blood for transfusions
- Skilled nursing facility care coinsurance
- 80% coverage of a foreign travel emergency
However, Plan G does not cover the Part B deductible.
Plan G also has a high deductible option. For the plan’s coverage to start, you must meet the $2,340 deductible. You will then receive the same coverage offered by regular Plan G.
Which Supplement Plan is right for you?
Before choosing a supplement plan, you should consider your health risks and medical expenses to determine the coverage you need. Midwest Medigap agents can help you outline which Medigap plan is best for you.
