Because Medicare supplement Plan F has wide-ranging coverage, it seems to be the most appealing to seniors who need help with the extra costs of their medical needs. Medicare Part A and Medicare Part B will cover a part of hospital costs and specialists, and Plan F will help cover the remaining bills they may have for their medical issues. This may also mean these plans may be more expensive for the senior to take on for their budget.
There are 10 Medicare Supplement Plans, also known as Medigap, to help with the additional medical expenses left after Medicare pays their amount of the bills. They are lettered from A-N. You will find that no matter where you live or what insurance agency you choose, these plans are standardized and will be the same everywhere. They all should offer Medicare supplement plan A and also Plan C or Plan F everywhere in the state you reside. The main consideration one must think about is that these insurance agencies will have different monthly premiums for each plan. It is important to really look carefully at all the plans to see what will meet your medical issues and how much you are willing to pay for the monthly premiums.
Medicare Supplement Plan F Advantages:
Medicare Part A deductible
Medicare Part A hospice care payment
Medicare Part A hospital costs beyond 365 days
Medicare Part B coinsurance
Medicare Part B deductible
Medicare Part B excess charges
Nursing home costs
First three pints of blood needed for a medical issue
Health issues in a foreign country (up to 80% benefits)
If one acquires a Medicare Supplement Plans 2018 there may be changes depending on where you live and the insurance companies that offer Medicare supplement plans. Some people will pay their out of pocket expenses first and therefore will have a different higher deductible. This is a distinction from the standard Plan F that wants an applicant to pay all the out of pocket expenses up to the deductible and that was $2200 in 2017. After one meets the deductible, the Medicare supplement policy will start to pay for your Medicare expenses.
In conclusion, one will need to look through all the Medicare supplement plans and see which one will meet all the medical expenses for the future. You may change your plan in the future.