Among the 10 Medicare Supplement (Medigap) policies available in most states, Plan F is generally considered to be the most comprehensive. Because of its extensive coverage, it is popular with beneficiaries who want more help with out-of-pocket costs in Original Medicare; however, this can also be a disadvantage as premiums may be higher. Plans F and G cover the majority of hospital and doctor costs after Original Medicare (Parts A and B) has paid its share, so beneficiaries are less likely to incur additional healthcare costs.
Private insurance companies sell Medicare Supplemental insurance plans. Plan F is typically offered by many insurance companies, as it is very popular. Due to plan availability varying by region, it is always best to compare plan options for your specific zip code and county.
What does Medicare Supplement F cover?
Medicare Supplement Plan F provides the most benefits when compared to other Medigap plans. Plan F fills the coverage gap associated with Parts A and B. A person can walk out of a doctor’s office or hospital after receiving approved treatment without paying anything, eliminating all out-of-pocket expenses. (it’s important to note that these plans do not cover prescription costs).
Similarly, Plan F covers Medicare-approved expenses that are not part of Parts A or B. Foreign travel emergencies and skilled nursing facility coinsurance are included in this category. Plan F is one of only two plans (other than Plan G) that cover Medicare Part B excess charges.
Plan F pays for 100% of the following:
- Medicare Part A deductible.
- Medicare Part B deductible.
- Part A coinsurance and hospital cost up to an additional 365 days after you’ve used up your standard Medicare benefits.
- Part A hospice care coinsurance or copayment.
- Part B coinsurance or copayment.
- Part B excess charge.
- Skilled nursing facility care coinsurance.
- First three pints of blood each year.
How much does Plan F cost in Los Angeles County?
If you are enrolled in Medigap Plan F, you are responsible for the monthly premium. This cost varies depending on your zip code and age. For a free quote call us at (213) 214-2399.
Medicare Part F is the most comprehensive Medigap policy, so the premiums can be quite high compared to plans G and N. A 65-year-old typically pays between $120 and $140 per month for a Plan F. The cost of your plan is determined by your location, plan provider, current health condition, and age and gender. Therefore, it is important to compare rates for the same Medicare plan across different health insurance providers.
Who qualifies for Plan F?
Plan F is only available if you first became eligible for Medicare before January 1, 2020 (which means your 65th birthday occurred before January 1, 2020), or you qualified for Medicare due to a disability before January 1, 2020.
Is Plan F Going Away?
Starting in 2020, Medicare Supplement plans that pay the Medicare Part B deductible will no longer be available to newly eligible beneficiaries, according to congress.gov. This change is part of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA).
Medicare Supplement Plan F (or Plan C, which also covers the Part B deductible) can usually be kept.
If you were eligible for Medicare before January 1, 2020, you may be able to buy Medicare Supplement Plan F or Plan C.
If you qualify for Medicare on January 1, 2020, or later, you may not be able to buy Medicare Supplement Plan F or Plan C.
Is Plan F available in 2022?
Medicare Supplement Plan F is the most comprehensive of the standardized Medicare Supplement plans available in most states. Yes, it is still available for folks who turned 65 prior to Jan 1st, 2020.
Compare Medicare Plan F Options in Your Area
We are completely independent and work with all the top companies and plans in Los Angeles, CA. We are able to compare all plan options and help you pick the plan that fits your unique needs and preferences.
During our initial consultation, we ask what your preferences are such as doctors, hospitals, budget, etc. These are things that help us determine what specific plan is best for your situation. In addition, we help our clients each year when it comes time to review your plan. We charge nothing for our services, we are compensated directly by the insurance companies and it does not affect the premium you pay.
Contact us directly at (213) 214-2399 today!