Medicare Plan F, also known as Medicare Supplement Plan F or Medigap Plan F, has gone away for people new to Medicare in 2022. Plan F is not available for purchase after January 1, 2020. For example, anyone who turned 65, had a qualifying disability or terminal illness, and enrolled in Medicare in 2021 was not able to purchase Plan F. However, if they already had Medicare before 2020, they still had the option of keeping it.
Plan F has historically been the most popular Medigap plan. Research from AHIP – The State of Medicare Supplement Coverage PDF reports enrollment in Plan F was down 3% in 2019. However, Medicare Plan G enrollment increased 33% and was the fastest-growing Medigap Plan.
If you are newly eligible for Medicare in 2022, you can not enroll in Plan F coverage. 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 six months. Medicare calls this a “pre-existing condition waiting period.” After six months, the new plan will cover the pre-existing condition.
Medigap Plan F provides you with full coverage benefits. To be eligible for Plan F coverage, you must first enroll in Medicare Part A and Part B. The Medigap Plan F Benefits chart lists all your benefits, which includes:
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, 2022, 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.
Medicare Plan G is a better value than Plan F coverage 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.
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.
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 $233 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.
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 to speak to a licensed agent 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.
$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.
Medicare Plan F covers the coinsurance for any Part B prescription drugs. hese medications are typically limited to people with specific medical conditions. Plan F covers chemotherapy drugs, anti-nausea medications, immunosuppressive medications, and drugs for end-stage renal diseases (ESRD). Plan F does not cover outpatient retail prescription. For those you need a Part D drug plan.
Yes. Medicare Plan F has gone away for people newly eligible for Medicare in 2022. 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 $233 Part B deductible cost in 2022.
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