What is A High Deductible Plan F Medicare Supplement
Medicare Supplement High Deductible Plan F - Medicare Supplement Plan F is unique among all the others because in addition to the standard plan, there is also a high deductible plan. The high deductible plan F features the lowest monthly premiums of all Medigap plans by a long shot, but it also comes with its own deductible of $2,240 (in 2018). Keep reading for the details or call 844-528-8688 for a personal explanation.
This means that you will pay the first $2,240 in Medigap expenses every year before your benefits kick in. Once you’ve met that deductible, though, you’ve got all the coverage of Plan F with an incredibly low monthly payment.
This guide will take a closer look at the High Deductible Plan F to help you decide if it’s the right choice for you.
Medigap High Deductible Plan F Benefits
Medicare Supplement Plan F includes every single benefit available on Medigap. Therefore, if you choose it, you’ll have the lowest possible out of pocket expenses. However, with the High Deductible Plan F, these benefits only take effect once you’ve met the annual deductible.
The following expenses are paid by Medigap High Deductible Plan F once you have met the deductible ($2,240 in 2018):
- Medicare Part A Coinsurance and Hospital Costs (up to 365 additional days beyond typical Medicare Benefits)
- Medicare Part B Coinsurance and Copayment
- First 3 Pints of Blood
- Coinsurance for Hospice Care Under Medicare Part A
- Part A Deductible
- Part B Deductible
- Part B Excess Charges
- Foreign Travel Emergency (80% coverage)
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Standard Plan F or High Deductible F?
While the two Plan F's are identical in benefits, they are a bit confusing because they are polar opposites when it comes to cost expectations.
The standard plan typically has the highest monthly premium of all Medigap supplements, but the absolute lowest out-of-pocket expenses. The High Deductible Plan F has the lowest monthly premium, but it’s the only plan that includes a hefty dose of out-of-pocket expenses that you’ll be expected to pay for everything.
The standard Plan F is good for people who value predictability over savings because they’ll always know what they are paying from month to month.
Who Is The High Deductible Plan F Best For?
The High Deductible Plan F is great for anyone who wants a very low monthly premium, but also a safety net that covers every healthcare cost included in Medigap.
If you choose the high deductible option, you will have to pay the first $2,240 (in 2018) out-of-pocket. But after that, you’ll enjoy the benefits of almost zero medical bills
Considering the High Deductible Plan F?
Plan F is the single most popular Medicare supplement on the market, accounting for more than half of all Medigap recipients. While, the standard Plan F will be closing to new enrollments in 2020, the High deductible Medicare Supplement Plan F will still be open.