What Does Medigap Plan F Cover?
As mentioned earlier, Plan F offers the most complete benefits package among all Medicare Supplement policies. It covers:
- Original Medicare Part A deductible
- Part B deductible
- Part B excess charges
- Part B copayments
- The first three pints of blood used in a medical procedure
- Skilled nursing facility care coinsurance
- 80% of foreign travel emergency coverage, up to plan limits
- Part A coinsurance and hospital expenses up to an additional 365 days after Medicare’s benefits are exhausted
This plan doesn’t offer prescription drug coverage,
Because plan F is no longer available to new Medicare beneficiaries, the second good option for new Medicare beneficiaries is plan G. Only thing that plan G doesn’t cover is a Part B deductible, which is 226$ in 2023. So, if you want to have peace of mind with comprehensive coverage, you should consider Plan G as a good replaceable option.
Plan F cost
The only cost of plan F is a monthly premium which can be very high in comparison to other Medigap plans, but it provides all amount of coverage one beneficiary can get. The monthly premium can be from 150$ to more than 400$ a month. There are several factors that can affect the cost of monthly premiums, like ZIP code, age, and gender, so before purchasing a policy check with an insurance agent what your costs will be. If you determine that your costs are too high you can check a High Deductible plan as an alternative. This plan has a deductible that beneficiaries are obligated to pay before the policy starts to pay for everything, but monthly premiums may be lower. In 2023, the deductible amount is 2700$, but monthly premiums range from 20$ to 40$.
Remember that those plans are only available to beneficiaries who were eligible for Medicare before the 1st of January 2020.