The best Medigap plan is Plan F, many people will tell you. It has all the bells and whistles and covers everything, so that must make it the best overall plan. But they aren’t considering how different plans are right for different people. Medicare Supplement Plan F 2018 may be the perfect plan for several people, but for many others, it is a bad deal.
What Plan F Comes With 100% Coverage
Each of the Medicare supplement plans comes with its own set of coverage. The coverage doesn’t change from one insurance company to the next. They all must abide by Medicare’s rules for coverage, and they all must offer the same coverage no matter how much they charge for the plan. So, Plan F stays the same regardless of where you are buying it from or how much you are paying for it.
Yom can buy with confidence from Humans or Aetna or some other insurance company, knowing that you are going to get the same coverage as you get elsewhere. The only difference is the level of customer service you get and the pricing, really.
So, let’s look then at what Plan F must offer. It is a full-coverage plan, and it is obviously the only full-overage plan available. Other plans come close in offering nearly the same amount of coverage but nothing quite matches. It’s wouldn’t make sense to have two plans that do the same thing anyway. Plan F stands above the other Medigap plans in total coverage, and that means it usually costs more. We’ll talk more about pricing later, but let’s focus on what it covers.
To say that it covers everything that is considered supplemental is only going to help people who already know what those supplemental expenses are. For everyone else it will be helpful to do a review of what expenses are listed as supplemental.
Supplemental expenses, all covered by Plan F, include Medicare parts A and B coinsurance, parts A and B deductibles, Part B excess charges, hospital expenses beyond Medicare’s basic coverage, nursing care coinsurance, three pints of blood each year and foreign travel exchange (which covers some foreign travel costs for emergency medical care, after a deductible).
These will all be covered no matter where you buy Plan F from, but these may not be all your medical expenses, you may have to pay other medical costs, but most of them should be covered by this plan. That’s what makes Medicare Supplement Plan F in 2018 so attractive to so many people. They can just relax about what they need to pay and know that most medical care will be covered by the supplemental plan.