There are ten available Medigap plans that aims at fulfilling the distinctive coverage gaps left by Medicare Part A and Part B. Medigap Plan F is definitely one of the most popular of the ten insurance plans, and also the broadest, covering 100 percent of the gaps in both Medicare Part A and Part B. The Medigap Plan F benefits include the distribution of blood for use in medical procedures, skilled nursing facility co-insurance, and emergency coverage during foreign travels. All deductibles are paid by the plan as well as the 20 percent coinsurance.
This plan aims to include any element left out of Medicare Plan A and Plan B and is available to senior citizens and any person currently enrolled in a Medicare insurance plan. Medicare Plan A may fail to provide patients with full coverage for co-insurance costs, hospice care, or the deductibles acquired for hospitalization.
Medicare Part B covers 80 percent of doctor’s bills after a $147 deductible is met by either the beneficiary or paid by a Medigap plan. Again with a Plan F all deductibles, co-payments, and coinsurance is paid 100 percent provided you simply visit a doctor that accepts Medicare, and your treatment is a Medicare-approved expense.
Medigap Plan F is offered as a “guaranteed issue plan” along with a few others. This means you can obtain the plan with no medical underwriting and all pre-existing conditions are waived. This has absolutely nothing to do with Obamacare, and it is not a requirement that insurance carriers offer this plan to everyone at all times as guaranteed coverage. Medigap plans do not fall under the same rules and laws that the Affordable Health Care Act does.
Some instances of being in a guaranteed issue situation are:
- Moving out of your insurance carriers coverage area
- Coming off employer group coverage (Varies by state and company)
- No longer qualifying for Medicaid
Each company providing this supplemental insurance will offer the same standard Medigap Plan F benefits. However, they will all have different premiums for the plans. It is important to compare premium benefits and prices before investing in a plan so that you may discover which plan is best suited for your specific needs. Using an experienced and independent agent is highly recommended as you will not pay any extra for their services. An independent agent can shop all the top carriers to see which company has the lowest premiums.
Please use our FREE Online quote engine to see which companies offer Plan F in your area and who has the lowest premiums.