Medicare Supplement (Medigap) Plan F offers the most complete basic Medicare supplement you can buy. It covers both Medicare deductibles and All co-pays and coinsurance. You have $0 out of pocket! Plan F will never require you to pull your wallet out for any covered service. This post has been updated for 2020.
A Medicare Supplement, pays after Medicare to help cover your deductibles, co-pays, and coinsurance that you would otherwise be responsible for. Medicare Supplement Plan F does not replace your Medicare Part B. You must be enrolled in both Part A and Part B first, then you are eligible to enroll in Medicare Supplement Plan F.
Nonetheless, Medicare Supplement Plan F will no longer be available. If you become eligible for Medicare on or after January 1, 2020, you won’t be able to buy Plan F. If you already have Plan F – you can generally keep your plan. You can apply to buy Plan F if you become eligible for Medicare before 2020.
Medigap Plan F was the favorite
Plan F policies are considered first-dollar coverage. After Medicare pays its share of your claims, 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
- 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
- Part A hospital and co-insurance costs up to an additional 356 days after Medicare benefits are exhausted
- See any doctor – from over 870,900 active doctors in the US (2019 Statista Research)
- Lab Work, All Diagnostic Testings, All Therapies
- First three pints of blood used in an approved medical procedure (annually)
- Part A hospice care co-payment or co-insurance
- Skilled Nursing Facility co-insurance
- Foreign travel emergency
- Guaranteed renewable. Your coverage can never be canceled due to health conditions or the number of claims that you file.
- No referrals required! Plan F plans allow you to see any Medicare specialist whenever you like. You are not required to get a referral from your primary care doctor.
Be aware that it does not matter which insurance company you buy your Plan F from, the benefits are all the same.
Effective January 1, 2020: If you become eligible for Medicare on or after January 1, 2020, you won’t be able to buy Plan F. If you already have Plan F – you can generally keep your plan. You can apply to buy Plan F if you become eligible for Medicare before 2020.
At Nevada Medicare we can make it easy for you – call us for a hassle-free help in understanding your benefits and what’s available to you. Contact Us today.