Medicare Supplement Plan F is considered to be the “Cadillac” coverage among the available Medicare supplements today. The reason is that Plan F gives you first-dollar coverage for all Medicare-approved services. So whether you have a hospital stay, or a diagnostic exam or a doctor’s visit, you will simply present your Medicare supplement card, and you will owe absolutely no deductibles, co-payments or co-insurance. As long as Medicare approves the service or treatment you have done, then Medicare will pay its share and your Medicare Supplement Plan F will pay the remaining amount that Medicare does not cover.
Essentially, you will have the freedom to choose any doctor or hospital that accepts Medicare, and your Plan F will also be accepted, regardless of which insurance company you choose to buy your supplement from.
The only things Plan F does not cover would be those things that Medicare itself also does not cover, such as acupuncture, routine vision exams, routine dental work, etc.
One exception is that Medicare supplement Plan F will cover up to $50,000 in foreign travel emergency benefits. Since this care occurs outside the U.S., Medicare obviously does not cover that. Plan F will help to pay for emergency health incidents in foreign countries up to the plan limit, although you will pay a small deductible and some cost-sharing for these services.
Click this link to view a Plan F chart of coverage.
Did you know that Medigap insurance companies have rate increases each year? And did you also know that you only get one open enrollment window to choose your first supplement without health underwriting? After that, you can only change if you can pass the medical questions.
At Boomer Benefits, we know what these increases are for each insurance company and what companies have had the highest and lowest trends. If you have health conditions which might make it difficult for you to change carriers again in the future after your initial window has closed, we can help you carefully evaluate which carrier you choose because this may be your carrier for the long term.
To discuss this with one of our friendly agents, you can click here to request a personalized quote for Medicare Supplement Plan F policies in your area, or call us at 1-855-732-9055.
To view other Frequently Asked Questions, click here.