Medicare Supplement Plan F: Medigap Plan F Explained

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As you reach your golden years, the struggle with healthcare starts building up to a major issue. As you rely on quality care, the costs of your health can be backbreaking for many seniors. The good news is Medicare is here to help.

The bad news, of course, is that Medicare isn’t there to cover every expense you may encounter with healthcare. That is when you need supplemental insurance like Medigap Plan F.

Today we’re here to take the confusion out of Medigap Plan F and supplemental insurance. Let’s begin!

Breaking Down the Basics of Medicare and Supplemental Insurance


The basics of Medicare breaks down into several parts, each focusing on one particular aspect of healthcare coverage. For each of these pieces, small items like deductibles and co-pays are left for your own pocket.

As a measure to help cover these items, private insurance companies work with the government to provide Medicare supplemental insurance. There are a wide variety of different ones that you can learn more about with this link. For today, we look at one of the most comprehensive ones on the market and that is Medigap Plan F.

Understanding the Ins and Outs of Medigap Plan F


Medigap Plan F is a Medicare supplemental insurance that has a wide net of coverage for all the little issues that Medicare might miss. This wide net of coverage does come with a price, as Medigap Plan F is one of the most expensive of supplemental insurance plans.

That expense does pay off, though, as Medigap Plan F means you won’t need any other insurance besides the basic Medicare coverage. To prove it, let’s explore what Medigap Plan F does cover and the costs you will need to consider.

1What Does Medigap Plan F Cover?

There is a long list of things that Medigap Plan F will cover. The major issues are the deductibles from both Part A and Part B of Medicare. It also covers excessive charges and preventative care coverage from Part B.

You also get an extra year on your coverage of hospital and co-insurance charges from Part A as well as co-insurance and co-pays from Part B.

The last few benefits cover up to three pints of blood for medical purposes, Part A hospice care, Skilled Nursing Facility co-insurance, and foreign travel emergencies.

2What Does Medigap Plan F Cost?

That is a lot of coverage to work with, so what does Medigap Plan F cost? There are a few levels to consider.

A high-deductible version will cost approximately $2,340 in out-of-pocket expenses. This is to pay a lot of deductibles upfront before your full Medigap insurance kicks in. This does lower the cost overall, but it can be a major expense to start with.

Other variations on the Medigap Plan F cost can vary from insurance providers. Many providers offer a wide variety of special deals or extra services, so make sure that you shop around.

Making Sure You Know the Real Truth of Medicare and More


With Medigap Plan F coverage, you can be secure that your Medicare is foolproof. Worrying about odd deductibles and random charges will be a thing of the past!

Spreading the truth is what we aim for! The best way you can make the best decisions for your life is to know all the information. To keep up with all the latest information, check out some of our other articles today!

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