Medicare, while very helpful in reducing healthcare costs, doesn’t completely cover everything. There are still deductibles, coinsurance, copays, and other out-of-pocket expenses, all known as “gaps.” 

With a Medicare Supplement Plan, you can avoid these gaps, but which plan is right for you?

Services not covered by Medicare

There are ten areas in which Medicare benefits begin to be limited and become your out-of-pocket costs. These ten include: 

• Part A’s coinsurance of hospital costs
• Part B’s coinsurance/copay
• Blood work (the first 3 pints of blood)
• Part A’s hospice coinsurance/copay
• Skilled nursing
• Deductibles for Parts A and B
• Part B’s excess charges
• Foreign medical treatment
• Out of pocket limit

If you qualify for a Medicare Supplement Plan, you will not need to worry about the majority of these costs.

What are the different Medigap Supplemental Plans?

Medigap is not a single entity. It comprises various options as different plans cover certain aspects of what is not covered by Medicare. Most do not offer complete coverage of all ten categories. However, there is one that fills in the payment gaps of each category. That plan is Medigap Supplement Plan F.

What is Medigap Supplement Plan F?

Plan F is the most popular supplement plan for good reason. It covers more bases than any other Medigap Plan out there, which is why it has been a top-seller for many years. However, it should be noted that you must be enrolled in Medicare Part A and B before you can sign up for this Medigap Supplement Plan.

Because of its 100% coverage for the Medicare Part B deductible, it is no longer offered to individuals who were not eligible for Medicare before January 1, 2020. Medigap Supplement Plan C also falls into this category. This is because of the Medicare Access and CHIP Reauthorization legislation prohibiting supplement plans from covering this deductible.

What makes Medigap Plan F so popular?

For one, there are no out-of-pocket costs with this plan. While it doesn’t replace Medicare Part B, it still covers all excess charges. Plan F also cannot be canceled, no matter what health conditions you battle. Any doctor will accept this, too.

Have questions?

We are here to assist you with any questions you may have regarding Medicare and the various aspects of it. We won’t let any questions go unanswered. We will address all concerns you have because we are dedicated to your needs at Sannes Insurance.