Medicare Supplement Plan F
Medicare Supplement Plan F is the most widely used policy currently available. This is largely due to the extensive coverage it offers. Plan F fills in all the gaps that are left by Medicare coverage on approved services.
Plan F offers Part A coinsurance, Part B coinsurance or copayment, Part A deductible, Part B deductible, and 100 percent of the Part B excess charges. Basic Medigap coverage includes coinsurance for hospital days 61 through 150, all coinsurance and co-payments for Part B after the deductible is met, and the cost of up to 365 additional hospital days after Medicare benefits run out.
Plan F covers benefits like coinsurance for hospice services, skilled nursing facility treatment, and foreign fravel emergency insurance are all also covered benefits under Plan F. Hospice Care will be included in all Medicare Supplement plans as of 2010.
Plan F insures you for Medicare excess charges, which result from the disparity between what a physician charges for services and what Medicare will compensate the physician for those services. The doctor can charge you up to 15% of the amount not covered by Medicare, but Plan F will cover the entire amount. You can also enroll in a Plan F policy with a high deductible. Plan F will shelter you from higher payments that you must pay yourself if you need health services that are more expensive than what Medicare will pay.
Plan F does not cover Preventative Care and the At Home Recovery Care, neither of these are services covered by Original Medicare. These two services are currently being eliminated from Medicare's services for 2010 due to a lack of use by consumers, resulting in several plan changes the go into effect June 1, 2010. You can call our trained representatives for more information and help finding the right plan for you.
You can also opt to enroll in a Plan F policy with a high deductible. With this option, you are required to compensate Medicare-approved charges until you meet the high deductible, when the policy will begin to pay. The high-deductible amount for both 2009 and 2010 was $2000.
It can be difficult to determine which plan is right for you, and not all providers offer all of the Medicare Supplement Plans. Our trained specialists can help you find the plan that best fits your needs and budget. Most insurance carriers offer a variety of plans, so our specialists can help you shop around for the best price.
