The supplemental plan many people will be at least considering is Medicare Supplement Plan F in 2016. This is easily the most popular plan each year, and 2016 is likely to be no exception.
Plan F is often called the best of all supplemental plans. And while it can be the best for some people, it is not really suitable for everyone. The plan is so well liked because of its extensive coverage. It actually provides coverage for every supplemental item that Medicare identifies.
Specifically, it will cover the following:
- Medicare Part A deductibles and co-payments
- Medicare Part B deductibles and co-payments
- Part B excess charges
- Additional blood
- Part A coinsurance and hospital expenses (up to 365 days)
- Professional nursing care
- 80% of travel costs for foreign medical treatment
Now while coverage for the various plans does change from time to time, that coverage is not expected to change for Plan F or any of the other plans in 2016. The coverage listed above will still be in place if you decide to purchase this plan later this year. But that doesn’t mean you should wait to get the coverage the plan is offering.
The sooner you buy the plan, the more money you could potentially save. It all depends on your situation. If you have numerous medical issues and you are constantly going to the hospital, then you need all the coverage you can get. That is the kind of person that Plan F is designed for. It covers you for pretty much all your medical expenses. And you won’t find that kind of coverage with any other plan.
The coverage in Plan F, like every other Medicare supplement plan, does not include prescription drugs. For that you will want to enroll in a Medicare Part D drug plan.
It is definitely worth looking into the other plans and seeing what they have to offer, but there is a reason that Medicare Supplement Plan F in 2016 will be constantly chosen by the majority of Medicare subscribers who also sign up for supplemental plans.
Beyond the coverage benefits that Plan F provides, you also get some personal benefits from it. You get the peace of mind that most or all of your medical expenses will be paid for with this plan. You don’t have to wonder how much your medical treatment will cost you next time you do to the hospital. You know that Plan F is going to cover much of it, and you know that all you really need to worry about paying are the premiums for the plan.
You also can budget your money better. You can plan exactly how much you will be paying each year in medical expenses. Before you had this plan, it was probably a toss-up as to how much you would pay. You never knew how much each procedure was going to cost you. But Plan F takes care of so much of your medical bills that you really only need to budget out money for the premiums.
These benefits make Medicare Supplement Plan F in 2016 a good choice for a great number of people. It is definitely worth your time to check it out and see if it is right for you.
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