You won’t find more coverage anywhere from any of the supplemental plans that you will from Medigap Plan F for 2018. It’s the original full coverage plan, and it comes with as much coverage as you could want. Now you may still need to pay a few things yourself, as it won’t cover all medical expenses, but it can cover the majority of them for you.
For many Medicare subscribers, that peace of mind that this plan can give them is irreplaceable. They know that nearly all their medical bills will be taken care of by the plan and that they can pay for pretty much all their healthcare just by paying their insurance premiums. But many of them buy Plan F when they don’t actually need it. For many, the plan is too robust for their needs, and it is mostly a waste of money.
Who Should get Plan F?
Now that does not mean that Plan F is not for anyone. There are people who can benefit from the plan and who would be saving money by being subscribed to it. But these people are few and far between, and their numbers are far less than those that are actually signed up for Plan F right now.
If you have Plan F or you are considering it over the next few years, then you may need to rethink your coverage plan. Medigap Plan F for 2018 offers 100% coverage, but it may also have a little too much. Why pay so much money for coverage you can actually do without? The peace of mind it gives may not be worth the effect it has on your bank account.
You ought to be sure about a supplemental Medicare plan before you sign up for it. You don’t want to make the mistake of choosing the wrong plan and then regretting your decision as you have trouble getting out of it. You can end up paying fees for the plan in order to change over to a new plan.
How to Choose a Plan F
So you should know what kind of coverage the plan offers. With Plan F, you get all supplemental items included in the coverage plan. That means hospice care, all co-payments, the Part A and Part B deductibles, more blood, supplemental coverage for emergency care in foreign nations, Medicare Part B excess charges and nursing services. All these are covered by the plan.
Look at those coverage items carefully and consider not only if you might run up those expenses but also if you might run them up repeatedly. The coverage is good for repeated expenses. You can have your Medicare Part B deductible covered every time it comes up with Plan F. But if you only have to pay that expense once or twice a year, then Plan F may be giving you too much coverage.
Consider Medigap Plan F for 2018 carefully. Maybe you can use it and maybe you can’t, but you have to make the decision based on your actual needs and not on how simple the plan makes paying your medical bills.