Medigap F Plan
Medigap Plan F is the most popular Medicare supplement plan in the country. The reason is simple. Plan F currently covers most direct Medicare expenses.However, the changes may be on the horizon for Plan F. These potential changes, along with changes already being made to Medicare as a result of the Low Price Healthcare Act, mean that Medigap clients must Compare prices for 2012.
Medicare supplement policies, including Plan F, remain a wise choice.
For many people, a Medicare Supplement Policy, such as Plan F, is still a great way to protect against deductibles, copayments, coinsurance, and other costs that Medicare does not cover. In fact, there are now two new Medicare supplemental policies, M and N, so you have even more ways to save.To date, Plan F still offers the greatest protection against direct expenses. But if lawmakers on Capitol Hill continue to see Medicare Supplement policies, and specifically Plan F, as a place to cut expenses, beneficiaries should begin to think of a backup plan.
Know your options
The most important thing is to understand exactly what is available to you. This could be tricky because it is not every insurance company that offer all the Medigap policies, and offers tend to differ from one state to another. Also, Plan F is also available as a high deductible plan in some areas. This means that you will pay a lower monthly premium, but you will need to reach a deductible of approximately $ 2,000 before the plan pays anything. With so many potential changes on the horizon, there are several options you can consider:
Purchase plan F before something changes
Congress continues to look for ways to reduce spending, even by making changes to Medicare supplement policies. One proposal foresees Part B premiums to increase by up to 30% for anyone with a Medigap plan that provides first dollar coverage, such as Plan F. However, until Congress acts, Plan F will remain unchanged, providing protection. solid against direct expenses. So if you’ve considered buying Plan F, now may be the time before something changes.
Check out the other available Medigap plans
Now that Medicare offers more coverage for preventive services, you may not need all the coverage offered by Plan F. With nine other plans to choose from, including the new M and N plans, there may be other complementary Medicare policies that meet your needs. also, or better, than plan F.
Consider a Medicare Advantage Plan
Even though Medigap policies cover a very direct set of services or expenses not insured by Medicare, Medicare Advantage plans take a wider approach. These polices provide the same rewards as well as extra services such as dental and vision exams, wellness programs, hearing controls, annual exams and more. Many MA plans even come with prescription drug coverage.