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1-833-4Med-Bob

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Medicare Plan F

HAS MEDICARE PLAN F GONE AWAY?

Medicare Plan F, also known as Medicare Supplement Plan F or Medigap Plan F, has gone away for people new to Medicare in 2021. You will not be allowed to purchase Plan F after January 1, 2020. For example, anyone who turns 65, has a qualifying disability or terminal illness, and enrolls in Medicare in 2021 can not purchase Plan F. However, if you already had Medicare before 2020, you still have the option of keeping it.

WHAT IS MEDICARE PLAN F?

Plan F has historically been the most popular Medigap plan. Research from AHIP – State of Medigap reports 53% of policyholders (down 2% in 2018) enrolled in Plan F. However, Medicare Plan G enrollment increased 39% and is the fastest-growing Medigap Plan.

Medicare Plan N Vs Plan G

If you are newly eligible for Medicare in 2021, you can not enroll in Plan F. In this case, Plan G is your best choice. However, if you switch to a different Medigap Plan, you will have to answer health questions and may not qualify due to health problems.

For example, if you have a pre-existing condition, the supplement company can refuse to cover your out-of-pocket costs for these pre-existing health problems for up to 6 months. Medicare calls this a “pre-existing condition waiting period.” After six months, the new plan will cover the pre-existing condition.

Extra Help Medicare Part D
Medicare Plan F Benefits Chart

What Does Medigap Plan F Cover?

Medigap Plan F provides you with full coverage benefits. To be eligible for Plan F, you must first enroll in Medicare Part A and Part B. The Medigap Plan F Benefits chart lists all your benefits, which includes:

What is a Pre-existing Condition?

A pre-existing condition is a health problem that started more than six months before the start of your Medicare policy. For example, if your new plan begins on March 1, 2021, and you had a health problem within the last six months, this is not a pre-existing condition. However, if your doctor treated or diagnosed a health problem more than six months ago, it is a pre-existing condition.

According to CMS.gov, 86% of older Americans, ages 55 to 64, have a pre-existing condition. Because you are very likely to have a pre-existing condition, Medicare says, “The best time to buy a Medigap policy is during your 6-month Medigap Open Enrollment Period.” During this open enrollment period, you can get a Medigap plan without medical underwriting. Thus, Medicare supplement companies can not deny you because of a pre-existing condition.

Pre-existing Conditons by Age

Why Plan G is a Better Value Than Plan F

Medicare Plan G is a better value than Plan F for several reasons. First, Plan G has lower premiums than Plan F. Furthermore, Plan G’s premiums increase less than Plan F. For example, year after year, Plan G is a better value than Plan F.

Robert Bache, the owner of Senior Healthcare Direct, has correctly predicted Plan G to be a better value than Plan F. Furthermore, he continues to recommend Plan G in the video. Watch and learn why Medicare Plan G is better than Plan F.

In recent years, Medicare Plan G has sometimes increased as little as 3% with some carriers. In comparison, Plan F during the same time has increased significantly more. If you have Original Medicare, find out when you can enroll in a Medigap Plan. For people in a Medicare Advantage Plan, discover when you can switch to a supplement plan.

What Does Medigap Plan F Cost?

Medigap Plan F costs more than Plan G. When you shop rates at Senior Healthcare Direct, we can find you a supplement Plan G that may save you $500 or more in premiums over Plan F. In other words, Plan F could cost you $500 or more per year than Plan G. 

Furthermore, the only cost difference between Medigap Plan F and G is the $203 Part B deductible with Plan G. Since you spend $500 less in annual premiums with Plan G, you save a difference of about $300 per year! The monthly premium you pay for Medigap Plan F depends on the following factors:

Most insurance carriers give discounts to female, non-tobacco users. Consequently, companies charge more for male tobacco users. However, you can also get a household discount by enrolling two or more people.

Shop for Medigap Plan F

When you shop for a new Medigap Plan F carrier, you will need to answer health questions. However, many of our clients (75%) can pass the underwriting with no problem. Shopping your Plan F every year is easy. Just call Senior Healthcare Direct at 1-833-463-3262, TTY 711. 

Senior Healthcare Direct works with about 30 carriers in every state, including the Top 10 Supplement Insurance Companies. We can compare Plan F with all available insurance companies in your area, so you get the best rate. Get your Quote.

Common questions about medicare

What is Plan F deductible?

$0. Medicare Plan F has no deductible.

What does Medicare Plan F pay for?

Medicare Plan F pays for your Part A hospital deductible and Part B medical deductible. In addition, Plan F pays for all your copays and coinsurance under Medicare.

Does Medicare Plan F cover dental, vision, hearing?

No, neither original Medicare nor Medigap plans cover dental, vision, or hearing care. These benefits are available through Medicare Advantage Plan or a stand alone Read More

Does Medicare Plan G cover prescription drugs?

Medicare Plan F covers the coinsurance for any Part B prescription drugs. These medications are typically limited to people with specific medical Read More

Has Medicare Plan F gone away?

Yes. Medicare Plan F has gone away for people newly eligible for Medicare in 2021. However, Medicare Plan F is not going away for people who had Medicare prior to 2020.

Is Medicare Plan G better than Plan F?

Medicare Plan G is a better value than Plan F. This is because the annual premium savings is greater than the $203 Part B deductible cost in 2021.

Common questions about medicare

$0. Medicare Plan F has no deductible.

Medicare Plan F pays for your Part A hospital deductible and Part B medical deductible. In addition, Plan F pays for all your copays and coinsurance under Medicare.

No, neither original Medicare nor Medigap plans cover dental, vision, or hearing care. These benefits are available through Medicare Advantage Plan or a stand alone Read More

Medicare Plan F covers the coinsurance for any Part B prescription drugs. These medications are typically limited to people with specific medical Read More

Yes. Medicare Plan F has gone away for people newly eligible for Medicare in 2021. However, Medicare Plan F is not going away for people who had Medicare prior to 2020.

Medicare Plan G is a better value than Plan F. This is because the annual premium savings is greater than the $203 Part B deductible cost in 2021.

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