Medicare Supplement Plan F 2020
While there are quite a few Medicare Supplements available, none of them are going to provide you with as much coverage as Medicare Supplement Plan F 2020. This is a supplemental insurance plan that attaches onto the Original Medicare plan and provides some extra coverage for you. It works very well with that Medicare plan to fill on coverage gaps and take care of many, if not all, of your out-of-pocket medical expenses.
How Plan F Is Going to Cover You
Medicare Supplement Plan F is designed to have full coverage. This means that all of the supplemental expenses that are left over for you to pay from Original Medicare will be covered by this plan. Let’s look at what those are.
Plan F is going to cover all supplemental costs associated with Medicare Part A. That would be the annual deductible of $1,364, the various copayments for each inpatient stay at the hospital and the coinsurance costs associated with hospice care.
Plan F is also going to cover Part B leftover costs completely. This would be the excess charges you are responsible for if you are treated for outpatient care at a medical facility where Medicare is not fully accepted. This also includes the Part B deductible of $185 that you are responsible for paying annually. It further includes the Part B copayments for each outpatient care visit.
Nursing care coinsurance costs are covered as well, along with three pints of blood each year, and the foreign travel exchange expenses. That foreign travel cost is for instances where you need to be transported outside the US for emergency medical treatment, and you will be covered up to 80% of the cost of each incident and will receive maximum coverage of $50,000 over your lifetime.
Signing Up for Plan F
There is something you need to know about Medicare Supplement Plan F, before you try to sign up for it. This is a discontinued plan, as it won’t be available to most people. It is still being sold to the current Plan F subscribers, so that means that those who have Plan F as their coverage right now can decide that they want to renew their coverage and stay signed up for this plan. Those are the only people who can get Plan F right now, though. If you don’t have Plan F already, in other words, then you cannot sign up for it.
It was available to the general public not that long ago, but with so many insurance companies choosing to overcharge for it, the government stepped in and legislated this plan to ensure that it was no longer being made available to new subscribers. This severely limits who can access this plan, so if you were planning on signing up for it for the coming year, then you will be out of luck. There will be no Medicare Supplement Plan F 2020 made available to you unless you have the 2019 version of the plan.
The Cost of Plan F
Let’s talk briefly about what you would have to pay for Plan F now. This is a coverage plan that ranges between $159 and $234 per month. This is the monthly premium you are required to pay for the plan, and it varies in cost from one insurance provider to the next. These providers set their own prices for Plan F, and if you are wondering exactly how much the providers in your area charge for it, then you can use our website to find out.
We enable you to source quotes very easily and see what the various insurers charge for Plan F by providing you with a list of quotes. You can compare their costs and find a good deal this way without having to do hardly any work at all. It is so much easier than trying to go to each insurance company and individually asking them what their rates are. We offer current and up-to-date quotes that are always accurate and always specific to your area.
Your Plan F Alternatives
If you are unable to sign up for Plan F, or you just want something that is either cheaper or offers you less coverage, then you can look into a few of the Supplement plan alternatives. These would be other Medicare Supplements that offer some similar coverage to Plan F but cost less and are more widely available.
Plan G and Plan N are our two recommendations as alternatives to Plan F. They offer similar coverage and lower price tag, and they are policies that anyone can sign up for, as long as they are eligible for Medicare.
Plan G covers you for almost all of the same medical benefits as Plan F. The only item it won’t cover is the Medicare Part B deductible.
Plan N covers you for slightly less, as it asks you to pay the Part B deductible, the Part B excess charges and a couple of smaller Part B copayments of $20 and $50.
With any of the Supplement plans, you will need to have a valid Medicare Part B plan for you to receive supplemental coverage. You are allowed to sign up for both at the same time, but no coverage will be provided by your Supplement plan until you start to receive coverage from Medicare Part B.
If you have any questions about Medicare Supplement Plan F 2020 or any of the Medicare plans and your eligibility, then please let us know. We would be happy to provide you with answers to your questions and to help you find quotes and compare those quotes. We make it really easy for you to get a good deal and to save money on your health insurance, so please use our site to ensure you are not paying too much for any medical insurance plan. Come back and visit us and use our price comparison tool as often as you need to in order to find the coverage plan that is the right one for you.