What makes Medicare Supplement High Deductible Plan F different from other Medicare plans? Understanding its benefits and costs is key to choosing the best coverage. We’ll examine how High Deductible Plan F compares and if it fits your needs.

What is Medicare Supplement High Deductible Plan F?

Medicare Supplement Plan High Deductible Plan F is a smart choice. It offers full coverage, but you pay a higher deductible first. By paying a higher deductible, you can enjoy lower monthly premiums.

Overview of High Deductible Plan F

High Deductible Plan F works just like Plan F. The coverage starts after you pay the year’s full deductible. It comes with a less expensive monthly cost, which is great if you don’t go to the doctor often.

Eligibility Requirements

If you want High Deductible Plan F, here’s what you need to know. You should have joined Original Medicare before January 1, 2020. Or, already be on Medicare before that date because of a disability. Sadly, if you got Medicare after January 1, 2020, you can’t sign up for this plan.

Benefits of Medicare Supplement High Deductible Plan F

Looking for a way to cover more while paying less? Medicare Supplement Plan High Deductible Plan F is for you. It gives full coverage, just like Plan F. But instead of paying right away, it starts after you meet a yearly deductible.

Comprehensive Coverage After Deductible

After paying off the yearly deductible, the High Deductible Plan F acts like standard Plan F. This means your health costs are taken care of. You get coverage for things like Part A coinsurance, hospital costs, and extra days in the hospital. It also covers Medicare Part B costs, hospice care, blood, and skilled nursing care.

Lower Monthly Premiums

The High Deductible Plan F can drop your monthly costs. Since you pay a higher deductible, your monthly payments are lower. This can save you money. In fact, Cigna Healthcare says you could save up to 25%. With this high-deductible plan, you also get an up to 20% discount on the premium. Plus, get an extra 5% off when you apply online.

Deductible and Out-of-Pocket Costs

High Deductible Plan F has a yearly deductible you must hit first. In 2023, the deductible is $2,700. So, you pay the initial $2,700 of your medical bills yourself out-of-pocket. Then, the Medigap plan starts to help with the bills.

Calendar Year Deductible Amount

In 2024, the calendar year deductible for Plan F is $2,700. This covers things like hospital visits and doctor’s services. After you pay this amount, the plan chips in for expenses.

Out-of-Pocket Maximum

High Deductible Plan F is different because it lacks an out-of-pocket maximum. Therefore, you must pay the full $2,800 deductible each year yourself. Your out-of-pocket costs have no maximum limit.

Coverage for Hospital Services

High Deductible Plan F offers great coverage for hospital needs once you meet the yearly deductible. It covers inpatient, skilled nursing, and hospice care. This helps make sure you have the health care coverage you need.

Inpatient Hospital Care

With High Deductible Plan F, you pay a deductible for each benefit period for inpatient hospital stays. For the first 60 days, you pay $1,632. After that, Medicare-eligible expenses are covered at 100%.

Skilled Nursing Facility Care

The plan F coverage also helps with skilled nursing services, starting at $204 per day for up to 100 days. It can be very important if you need more care after a hospital stay.

Hospice Care

If you need hospice, High Deductible Plan F takes care of a lot, with small payments or coinsurance for outpatient drugs and inpatient care. This makes sure you get the support needed for end-of-life or terminal illness times.

Coverage for Medical Services

Once you pay the deductible, High Deductible Medicare Supplement Plan F takes care of many health services. It includes Part B coinsurance, copayments for Part B, extra charges for Part B, blood benefits, and lab tests. This helps you focus on getting better without worrying about costs.

Part B Coinsurance and Copayments

This plan helps with paying for visits to the doctor, outpatient care, and medical tools. It takes care of the 20% coinsurance needed for Medicare services. Plus, it handles any needed copayments, lightening your healthcare costs.

Part B Excess Charges

If a medical provider charges more money than Medicare approves, you’d normally pay that difference. But with High Deductible Plan F, you won’t have to. It covers these extra charges so you stay financially secure.

Blood Benefits

If you need blood during the year, this plan covers the first three pints. It can help significantly if you have conditions requiring blood or blood-related treatments.

Clinical Laboratory Services

This plan fully covers costs for Medicare-approved lab services. These include blood tests, urine tests, and other important medical checks. So, you don’t have to worry about these essential services expenses.

Additional Benefits

Besides hospital and medical coverage, High Deductible Medicare Supplement Plan F offers a perk for foreign travel emergency. This is ideal if you love traveling outside the U.S. It gives you peace of mind since it covers medical emergencies abroad.

Foreign Travel Emergency

High Deductible Plan F includes up to $250 each year for emergency medical needs abroad. It helps with costs for ambulance, hospital, and doctor care. You do have to pay a deductible first. But, this coverage is vital if you need urgent medical help while not in the U.S.

Rates and Discounts

The High Deductible Plan F’s benefits are fixed but your premium might change. It depends on your age, where you live, if you’re male or female, and how healthy you are. Cigna Healthcare has great rates for this plan. You might also get discounts up to 25% in certain states.

Factors Affecting Premiums

For the High Deductible Plan F, your monthly payment can differ due to various reasons. Your age, location, gender, and health play a big role. People who are older or have health problems may pay more. Younger, healthier folks could pay less.

Premium Discounts

Cigna Healthcare wants healthcare to be affordable for you. They offer a chance to save up to 25% on your Plan F premiums. Plus, a 5% extra discount is available if you sign up online, excluding some states.

Cigna Healthcare’s Healthy Rewards Program gives you more for your Medicare Supplement plan. It includes discounts for health and wellness services. This adds more value to your coverage

Duplicate CTA

Find Medicare Plans in 3 Easy Steps

We can help find the right Medicare plans for you today

Comparing Plan F to Other Medicare Supplement Plans

The High Deductible Plan F gives strong coverage. But, it’s smart to look at other plans like G and N. Doing this helps you pick the best one for your needs and wallet.

Plan G

Plan G is very popular for 2024 Medicare members. It’s almost like Plan F but you pay the Part B deductible by yourself. Despite this, it comes with lower monthly payments. That makes it a good deal for many people.

Plan N

Plan N is also a top pick for those aged 65 in 2024. It works a bit differently than F and G. It helps with hospital and doctor costs, but you’ll pay some costs yourself for doctor and ER visits. While it’s cheaper each month, you might pay more for some services.

Thinking about your health needs, what you can spend, and what each plan covers is key. Look at the benefits and costs closely. Then, choose the Medicare Supplement plan that fits you best.

Enrollment and Eligibility

To get the Medicare Supplement High Deductible Plan F, you need to be eligible. This means you should have qualified for Medicare before January 1, 2020. It covers people who were 65 or older before that date. It also includes those who got Medicare due to a disability, but only if it was before January 1, 2020.

Eligibility Requirements

If you celebrated your 65th birthday before January 1, 2020, or if you got Medicare due to a disability earlier than that, you may qualify. Remember, the High Deductible Plan F is not available to new Medicare applicants. This is because rules changed. Now, Medicare supplements can’t cover the Part B deductible for those who became eligible for Medicare after January 1, 2020.

Enrollment Periods

There are specific times when you can choose the High Deductible Plan F. These times include when you first become eligible for Medicare. You should also look out for Open Enrollment or Special Enrollment Periods. Picking the right time to enroll is crucial. It guarantees you get the full benefits of this Medicare Supplement plan.

Programs and Services

Cigna Healthcare offers extra help to High Deductible Plan F members. This help includes more coverage and benefits. It makes your healthcare journey better.

The Healthy Rewards Program gives discounts on health services. You can save on gym memberships, fitness trackers, and more. This helps you stay healthy and save money.

Need help with healthcare at any time? Cigna’s health advocates are here 24/7. They can answer questions and provide support. They will help you understand your plan and how to use it.

High Deductible Plan F from Cigna comes with great coverage. Adding their programs and services makes it even better. This helps you with all your Medicare needs.

Duplicate CTA

Find Medicare Plans in 3 Easy Steps

We can help find the right Medicare plans for you today

Conclusion

High Deductible Plan F is a smart choice for some people. It can save you money, especially if you don’t visit the doctor a lot. You’ll pay a bit more at first, but your monthly payments will be lower. This plan still covers you a lot, just like the regular Plan F.

This plan offers many great benefits. You get coverage for hospital visits, regular checkups, and even when you’re abroad and get sick. With a High Deductible Plan F, you can feel safe knowing you have strong healthcare coverage. Plus, you can pick how much you spend based on your needs and budget.

It’s good to look at all options before choosing. High Deductible Plan F has a lot to offer, like lower monthly costs and getting to control your spending. The key is to understand what the plan includes and what you need. This way, you can choose a plan that fits your healthcare and budget just right.

Frequently Asked Questions

What is a High Deductible Plan F?

A High Deductible Plan F is a type of Medicare Supplement policy that offers coverage once you have paid a certain amount out-of-pocket. It has a higher deductible compared to other Plan F options.

How does a High Deductible Plan F work?

The High Deductible Plan F works by requiring you to pay a deductible amount before the plan starts covering your costs. Once you reach the deductible, the plan pays your Medicare-approved expenses.

What are the benefits of choosing a High Deductible Plan F?

Opting for a High Deductible Plan F can often result in lower monthly premiums compared to other Medicare Supplement plans. It provides coverage for out-of-pocket costs once the deductible is met.

How does the deductible in a High Deductible Plan F work?

The deductible in a High Deductible Plan F is the amount you must pay before the plan starts covering expenses. This deductible resets each calendar year.

What are the differences between Plan F and High Deductible Plan F?

Unlike traditional Plan F, a High Deductible Plan F has a higher deductible but generally lower monthly premiums. It offers coverage for out-of-pocket costs after the deductible is met.

Have Questions?

We can Help!

Talk to one of our licensed Medicare supplement agents about the options available to you in your area.  

1-844-528-8688

Mon – Fri 8:00 am – 6:00 pm
Sat available upon request

REQUEST A CALL