For consumers eligible for Medicare insurance coverage who are looking to further supplement their healthcare insurance and fill in the gaps left behind by the different parts and features of Medicare’s program, there is no Medigap plan more comprehensive than Plan F.
Of course, with such extensive coverage, one of the biggest challenges facing consumers benefiting from Medigap Plan F is the costly premiums. Private insurance providers can adjust their own costing strategies in line with the locality. This means that while benefits remain the same across all areas due to the standardization of Medigap plans, costs can vary.
However, this is no longer the only problem associated with Medigap Plan F – the new issue being that Plan F, like Plan C, is on its way out – and as of January 2020, has begun to be phased out across all those who are new to Medicare and its benefits. As such, only those who became eligible for Medicare before January 2020 have been able to make the most of Plan F – with most being assured by their providers that they will keep their plans.
What is Included as Part of Medigap Plan F Coverage
For those who managed to get in and make the most of Medigap Plan F before the phase-out started, you will already be aware of the main benefits and drawbacks associated with Plan F.
In essence, Medigap Plan F covers everything included as part of all the other plans – with the added bonus of covering all deductibles across all standard Medicare programs. The main features of Medigap Plan F include:
- Medicare Part A coinsurance and hospital costs after Medicare benefits run out
- Medicare Part A hospice and palliative care coinsurance and copayments
- Medicare Part B copayments and coinsurance
- First three pints of blood for medical procedures
- Coinsurance relating to care in skilled nursing facilities
- Medicare Part A and Part B deductible
- Emergency coverage during travel (covering 80% of eligible expenses
- Medicare Part B excess charges