Medigap Plan F
Plan F is, by far the most popular of the 10 standardized medicare supplement plans.
Medicare Supplement Plan F provides the least out-of-pocket expense to medicare beneficiaries when it comes to paying for services. However, it is also the most expensive when you compare premiums to benefits.
Beginning in the year 2020, Medigap Plan F will only be available to medicare beneficiaries who became eligible for Medicare before January 1, 2020.
- Among people with Medigap standardized plans, Plan F continues to have the highest number of enrollees, covering 57 percent of policyholders in 20151
- Between December 2014 and December 2015, enrollment in Medigap increased to 11.8 million, up from approximately 11.2 million in December 2014.1
|Standard Medicare Supplement Insurance benefits||Plan F|
|Medicare Part A co-insurance and hospital costs||✓|
|Medicare Part B co-insurance or co-payment||✓|
|First 3 pints of blood||✓|
|Part A hospice care co-insurance or co-payment||✓|
|Co-insurance for skilled nursing facility||✓|
|Medicare Part A deductible||✓|
|Medicare Part B deductible||✓|
|Medicare Part B excess charges||✓|
|Foreign travel emergency||✓|
Plan F vs. other Medigap plan options
Check out this side-by-side comparison of how Plan F stacks up against other medigap plans.
|Medicare Supplement Benefits||A||B||C||D||F1||G||K2||L3||M||N4|
|Part A co-insurance and hospital costs||✓||✓||✓||✓||✓||✓||✓||✓||✓||✓|
|Part B co-insurance or co-payment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|First 3 pints of blood||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Part A hospice care co-insurance or co-payment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Co-insurance for skilled nursing facility||✓||✓||✓||✓||50%||75%||✓||✓|
|Medicare Part A deductible||✓||✓||✓||✓||✓||50%||75%||50%||✓|
|MedicarePart B deductible||✓||✓|
|Medicare Part B excess charges||✓||✓|
|Foreign travel emergency||80%||80%||80%||80%||80%||80%|
|1. Plan F offers a high-deductible plan. This plan requires you to pay a $2,300 deductible in 2019 before it covers anything.
2. Plan K has an out-of-pocket yearly limit of $5,560 in 2019. After you pay the out-of-pocket yearly limit and yearly Part B deductible, it pays 100% of covered services for the rest of the calendar year.
3. Plan L has an out-of-pocket yearly limit of $2,780 in 2019. After you pay the out-of-pocket yearly limit and yearly Part B deductible, it pays 100% of covered services for the rest of the calendar year.
4. Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don’t result in an inpatient admission.