Medigap Plan F provides the most comprehensive coverage for Medicare Beneficiaries. It pays for the deductibles associated with Medicare Parts A and B, copays, and coinsurance. Beneficiaries with this plan have no out-of-pocket expenses on covered services.
What does Medicare Supplement Plan F cover?
Medigap Plan F has the most comprehensive coverage of all the Medigap plans.
Plan F covers:
Part A coinsurance and up to an additional 365 days of hospital costs after Medicare benefits are exhausted
- Part B coinsurance/copayment
- Blood (3 pints)
- Part A hospice coinsurance/copayment
- Skilled nursing facility care coinsurance
- Part A deductible
- Part B deductible
- Part B excess charge
- 80% of foreign travel exchange
- No out-of-pocket limit
All these benefits make Plan F the most popular Medigap plan. There is no gap left behind with this plan – it will cover all out-of-pocket expenses.
Are Medicare Supplement Plans worth it?
That depends. There is no one answer for anything associated with Medicare. A Medigap plan is worth it if it covers all of your needs and you can afford the premiums.
Generally speaking, Medigap plans have a higher premium than Medicare Advantage plans. This higher premium may be worth it to you if you want to:
- Choose your own doctor
- Never need a referral
- Have a guaranteed renewal
- Travel outside of the U.S.
Talk to a specialist at Senior Benefit Solutions. We can help you decide if a Medicare supplement plan makes sense for you.
How much can I save with a Medicare Supplement Insurance Plan?
A Medicare supplement is going to save you at least 20% of out-of-pocket expenses. If you enroll in a Medigap plan that pays your Part A deductible, you’ll save another $1384 (the Part A deductible as of 2021).
Those numbers alone likely save you quite a bit of money just after one hospital visit.
If you choose to enroll in a plan with Senior Benefit Solutions, we’ll find you a competitive rate for the plan of your choosing, saving you even more.