Medicare Supplement supplement plans give seniors coverage that helps them to minimize healthcare costs.
We want to discuss Accendo Medicare Supplement Plan F with you and tell you what this company has to offer seniors that make them a choice worth considering.
Accendo is a part of the Aetna and CVS family of health insurance providers.
They are fairly new to the market, so finding information on them may not be very easy, but you can typically apply information about CVS and Aetna to what Accendo is offering.
They have been working in the healthcare industry for years now and have built up quite a name, but they recently joined Aetna to offer health insurance services through them. Accendo is able to provide deep discounts on some insurance plans, including a 14% discount for households.
They also offer very fast approval and can tell you whether they will accept your application or not. They have to accept all senior health insurance applications for Medicare Supplements when seniors apply during Open Enrollment.
That is a seven-month period around the senior’s 65th birthday.
Outside of that period, though, Accendo may be able to deny your application. They might do this if you have severe health problems and preexisting medical conditions that mean you would pose a risk to them as an insurer.
They will let you know quickly if you are approved, though. They are committed to offering responsive and high-quality customer service. Accendo will work with Aetna to keep seniors informed about new coverage options and about healthcare initiatives taking place.
They will keep seniors updated on changes happening in the industry and how those changes can affect them.
When Medicare announces changes, Accendo ensures that its members know about those changes and that they are well explained, and they also provide friendly customer service support that seniors can call for answers to their questions and for information regarding healthcare and health insurance.
This insurer offers low rates in general, but you can see how they compare to other insurance providers by using our website. You can search for quotes, and we will request your zip code to ensure that you get local pricing information.
This will tell you what insurers like Accendo are charging for their Supplement plans and how they compare to some of the other options. Accendo may not always be the cheapest choice for you, and you should know what your choices are and how they stack up to one another.
What Is Medicare Supplement Plan F Going to Cover?
Each of the Supplement plans provides seniors with a different set of medical benefits to take advantage of. Plan F includes all of the supplemental benefits, and we’ll detail those for you so that you know exactly what you are getting with this plan.
Keep in mind that buying Plan F from Accendo gives you the same medical benefits as if you bought the plan from any other insurer. The medical benefits have been set in place by Medicare and are guaranteed, regardless of how much this plan costs you.
Plan F covers all of the per-visit copayments for Medicare parts A and B. This means that every time you visit the hospital, go to see your doctor, or go to the emergency room, then the copay you would usually be responsible for will be covered by your plan. This greatly reduces out-of-pocket costs for you.
Every year, you are required to meet the annual deductible for both parts of Medicare, if you have an Original Medicare plan. These deductibles can be costly, with Part A’s coming in at $1,408 and Part B’s costing you $198 each year, but Plan F can cover them all for you.
Did you know that there are still some healthcare facilities where Medicare is not accepted? If you need Part B outpatient care at one of those, Original Medicare will not cover you, since Medicare won’t be honored there, but Plan F can help to cover some of your costs.
Original Medicare covers you for a lot of hospice expenses, but it asks you to pay a coinsurance fee. Plan F will cover that expense for you.
Similarly, Original Medicare covers you for many nursing care costs, but the coinsurance fee is still something you’ll have to pay unless Accendo Medicare Supplement Plan F covers it for you.
Pints of Blood
Original Medicare will cover you for most of the blood you use during the course of the year. It covers you for all but three pints, and then the Supplement plans can take care of those remaining pints for you, giving you full blood coverage. This is for blood you might need to use for a transfusion or for surgery.
Foreign Travel Exchange
This is the kind of coverage that can be helpful to have just in case, as it covers you for the cost of flying out or otherwise being transported out of the country for a medical emergency. Plan F gives you the maximum coverage here, taking care of up to 80% of the cost of each incident and then giving you a lifetime coverage limit if $50,000.
Can You Still Enroll in Plan F?
There was a time when Plan F was the most popular of the Medicare Supplements. It is the only Supplement plan to offer full coverage, which can be enticing to seniors who want to enjoy the peace of mind that comes from having as much insurance as possible.
The more insurance coverage a person has, the less they have to worry about what they will be required to pay for when they go to the hospital or visit the doctor’s office. Plan F eliminates a lot of worry and confusion.
Seniors know that they will be covered for a lot with it, so they sometimes enroll in Plan F while not necessarily understanding if it is the best plan for them. Recently, Plan F was taken off the lineup of Medicare Supplements that new subscribers could sign up for.
It isn’t a Medicare plan that you can even enroll in if you are not already a Medicare subscriber. Anyone enrolling after 2019 would not be able to sign up for Plan F, since it is now considered a delisted plan.
If you have Medicare already and have had it for a couple of years now, then Plan F is one of the options that you can choose.
You could decide to end your current coverage plan and just go for Plan F instead, but you should understand the reason Plan F was delisted. It’s because the plan was often overpriced.
That is still a problem these days, and it is part of a closed-risk pool of Medicare Supplements which means fewer and fewer people are enrolling in it.
The prices have to increase on Plan F in order for the insurance companies like Accendo to make a profit.
Without that increasing rate, Plan F becomes a liability, and seniors who think it may save them money because of all the coverage it offers should look at some alternatives. There are some Medicare Supplements that offer similar coverage at a much lower price point.
How to Enroll in an Accendo Medicare Supplement
Accendo sells a number of different Medicare Supplements. If you are 65 or older, you can sign up for them, but you’ll have to apply at the right time. Open Enrollment is the first opportunity you will have to get one of these Supplement plans.
That starts three months before you turn 65, and during Open Enrollment, you will not pay more for your plan just because of a pre-existing medical condition that you have. You can enroll any time after age 65 during the annual enrollment period.
This starts on October 15th, and you’ll have until December 7th to sign up before annual enrollment is over.
The preexisting medical conditions you have can be factored into your price at that point, and Accendo can even decide to deny your application if they see you as too much of a risk.
If you have questions about enrollment or eligibility, please don’t hesitate to call us. We are happy to help you out by answering any questions that you may have and providing you with expert health insurance advice.
If Medicare Supplement Plan F doesn’t seem like a good fit for you, because of pricing or coverage, you can check out the other options for Medicare Supplements that Accendo is selling.
You may find something that is a better fit for you and not end up paying for coverage that you don’t need. Accendo Medicare Supplement Plan F may provide a lot of medical benefits, but it won’t be the best choice for everyone.
Check out the quotes for this plan here on our site and compare them to your other options to determine which Supplement plan is the best fit for you.
Call us Now to See if Accendo Medicare Supplement Plans are in Your Area!
Russell Noga is the CEO and Medicare editor of Medisupps.com. His 15 years of experience in the Medicare insurance market includes being a licensed Medicare insurance broker in all 50 states. He is frequently featured as a featured as a keynote Medicare event speaker, has authored hundreds of Medicare content pages, and hosts the very popular Medisupps.com Medicare Youtube channel. His expertise includes Medicare, Medigap insurance, Medicare Advantage plans, and Medicare Part D.