Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Medigap plan F is the most popular Medigap plan you can buy because it's offers the most comprehensive coverage. It covers all 9 Medigap benefits at 100% from day 1. The 9 benefits are:
1) Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits are used up
2) Medicare Part B coinsurance or copayment
3) First 3 pints of blood
4) Part A hospice care coinsurance or copayment
5) Part A hospitalization deductible
6) Part B medical deductible
7) Part B excess charges
8) Skilled nursing facility co-insurance
9) Foreign travel emergency (up to plan limits)
Plan F also offers a high-deductible version of the plan (known as Hi-F or High-F) – it is the only plan that offers this feature. Under a High-F plan, the insured must pay for Medicare-covered costs up to the year’s deductible amount – $2,140 in 2014 – before the plan pays anything. The benefit of the High-F plan is that it offers the insured a much lower monthly premium than a regular plan F.
I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs, including quotes and plan comparisons, and if you have any other questions. Thanks very much.
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Plan F pays 100% of Medicare approved Part A and Part B charges that are not paid by Medicare due to deductibles and coinsurance.
There are more cost efficient options for most people. Over 90% of my Medigap clients pick something other than plan F
1) Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits are used up
2) Medicare Part B coinsurance or copayment
3) First 3 pints of blood
4) Part A hospice care coinsurance or copayment
5) Part A hospitalization deductible
6) Part B medical deductible
7) Part B excess charges
8) Skilled nursing facility co-insurance
9) Foreign travel emergency (up to plan limits)
Plan F also offers a high-deductible version of the plan (known as Hi-F or High-F) – it is the only plan that offers this feature. Under a High-F plan, the insured must pay for Medicare-covered costs up to the year’s deductible amount – $2,140 in 2014 – before the plan pays anything. The benefit of the High-F plan is that it offers the insured a much lower monthly premium than a regular plan F.
I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs, including quotes and plan comparisons, and if you have any other questions. Thanks very much.