Medicare Supplement Plan F
The most comprehensive of all the supplements is Medicare Supplement Plan F.
Unfortunately, because of the Medicare Access and CHIP Reauthorization Act of 2015, those who turned 65 after January 1, 2020 cannot purchase the plan because it covers Medicare Part B’s deductible.
If you are still eligible to purchase this plan, it covers 100% of all of your cost-sharing responsibilities associated with Medicare.
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Medicare Supplement Plan F’s coverage
Plan F covers 100% of:
- Medicare Part A coinsurance payments for inpatient hospital care for up to an additional 365 days after Medicare benefits are exhausted
- Medicare Part B copayment or coinsurance expenses
- The first three pints of blood used in a medical procedure
- Part A hospice care coinsurance expense or copayment
- Skilled Nursing Facility coinsurance
- Medicare Part A’s deductible
- Medicare Part B’s deductible
- Medicare Part B’s excess charges
It also covers 80% of a foreign travel emergency.
What to choose if you’re not eligible for Medicare Supplement Plan F
Want similar coverage to Plan F but are not eligible because you turned 65 in 2020 or later? Plan G is your best bet. The only thing not covered under Plan G that is for Plan F is Medicare Part B’s deductible which is only $198 in 2020.
When to enroll
You can enroll once you have Medicare Part B. You will then have six months to enroll in a Medicare Supplement plan with no health questions. This is a one-time open enrollment in which you cannot be turned down for any health conditions, be asked any medical questions, or be charged an additional premium for health reasons.
Technically, you can enroll at any time after you have Part B. However, if you sign up after your initial enrollment period, you will be subject to medical underwriting.