A Medigap Plan F covers 100% of the gaps of Medicare Part A and Part B. This means it has the most coverage out of any of the Medigap Insurance Plans. This also makes Plan F one of the most popular plans available for people on Medicare. This type of insurance can seem confusing at first, but it does not have to be. Asking just a few quick questions will help explain a lot.
• How is your health?
• How often do you visit your doctor?
• How would you like to handle your medical costs?
If you’re someone who likes everything paid 100%, then a Plan F is your best option. With this plan, you end up paying only the monthly premium of the policy. This means that all of your doctor bills and hospital fees are covered by the plan, and you have no other out-of-pocket costs. You are also free to see the doctor of your choice because there is no network (but your doctor must accept Medicare). It gives you the freedom of choice and the full coverage you deserve.
When it comes to your health and finances, you want to be covered. Not having to worry about additional medical bills gives you the peace of mind in knowing you and your family are protected. Whether you choose a Medicare Supplement Plan F -or one of the other Medigap plans, you’ll know that your out-of-pocket expenses will be greatly reduced if not eliminated.
Several insurance companies carry Plan F. Although each company has identical coverage, the premiums for the plans can vary widely between companies. And while it offers the most coverage of all the plans, there’s no reason to pay more than you should for it. An experienced advisor can easily shop the market and provide you with an annual rate analysis to determine each year if you’re paying the least amount possible. This saves you money year-after-year.
Another great benefit to this plan other than having no out-of-pocket expenses other than the monthly premium is that that it makes easy to budget. There are no surprises like deductibles, co-pays, or other payments. For anyone on a fixed income, this is especially important.
Knowing that your bills will be paid and you and your loved ones are protected is a great feeling when it comes to your medical insurance. Part of the process of getting there is choosing the right Medicare Plan.
Mitch Winstead
Allstar Senior Benefits
