Medicare Part F or Plan F?
A lot of people who learn about Medicare Plan F like what they hear.
That’s no surprise, because Plan F has earned a well-deserved reputation over the years as the benchmark of Medicare Supplement Plans.
Those same people, perhaps a little confused by the alphabet-soup nature of Medicare lingo, sometimes type “Medicare Part F” into their search engine when they’re looking for information about “Medicare Plan F.” This is such a common error that every search engine recognizes it and directs the searcher to correct information about Medicare Plan F. In fact, “Medicare Part F” has almost become synonymous with “Medicare Plan F” because nearly everyone familiar with Medicare Supplement Plans knows what “Medicare Part F” refers to.
Although confusing Medicare “Parts” with Medicare “Plans” may be a common error, it can lead to unwanted complication. As a result, it’s important to remember that Medicare “Parts” refer to Medicare Parts A, B, C, and D. Medicare Part A (hospital) and Medicare Part B (medical) refer to the parts of Original Medicare. Medicare Part C refers to Medicare Advantage Plans, and Medicare Part D refers to prescription drug plans.
Medicare “Plans,” meanwhile, are Medicare supplement plans designed to fill the gaps in Medicare coverage.
Medicare Plan F is the most comprehensive Medicare Supplement (or Medigap) Plan available.
Plan F covers all Medicare-approved costs not covered by Medicare Part A and Medicare Part B. This makes Plan F a great tool for people on fixed incomes or anyone who wants to budget medical expenses. With fixed premiums and generally no unexpected out-of-pocket costs, Plan F is the Medigap plan chosen by nearly half of Americans who purchase Medicare supplementary insurance.
Medicare Supplemental Plan F covers all Medicare Part A and Part B deductibles along with “excess charges” you’d otherwise have to pay out of pocket. Excess charges are the difference between what Medicare pays and what your medical provider charges—and they can add up fast if you don’t have the protection Plan F provides!
Medigap Plan F is the only Medicare supplement that covers such a range of coinsurance, deductibles, and excess charges that otherwise would have to be paid out of pocket. It covers the blood that basic Medicare doesn’t, and provides a full extra year of hospitalization coverage. Plan F also covers skilled nursing service and even approved health care costs you incur while traveling outside the United States. It even allows you to choose any doctor who accepts Medicare. To see just a few of the benefits of enrolling in Plan F, click here.
Because it offers such great coverage, it’s true that Plan F is more expensive than other Medicare supplement plans. But the good news is that it doesn’t have to eat a hole in your pocketbook.
With every insurance company free to set its premiums for Plan F coverage according to its own underwriting practices, it’s important to shop around before choosing a provider and plan. Nobody can help you do this better than MedicareMall. MedicareMall has over two decades’ experience shopping the market for people like you and finding the best plans for the best prices. Contact us now and let us put our twenty-plus years of experience to work for you!