What Is Medigap Plan F High Deductible?
Medicare is health insurance you must take after you reach age 65. However, Medicare doesn't cover all of your health care needs. Because of this, you must purchase a Medicare supplement if you want additional coverage. One such supplement is called Medigap. It is offered in several different parts and, like the name suggests, fills in the "gaps" of Medicare.
Medigap plan F high deductible plans are a form of Medicare supplement that expands ordinary Medicare benefits. Under Medigap, you will receive coverage for services not covered under ordinary Medicare. Medigap plan F high deductible offers a high deductible and lower premiums than regular Medigap F plans. Because the premium is lower than ordinary Medigap plans, the deductible you pay must be higher – in this case you will pay a $2,000 deductible before your health care services are covered under part F. You can receive more information about how these plans work by calling 1-800-MEDIGAP.
How Can Medigap Plan F High Deductible Plans Help You?
The high deductible found in Medigap plan F high deductible plans gives you the flexibility to save money on your premiums. Instead of paying the higher premiums associated with regular Medigap plans, you can pay a lower premium and save the difference in your savings account. A high yielding account will pay you interest until you need to use the money to meet your deductible.
Medigap plan F high deductible offers you coverage for things not covered under Part A, B, or C. For example, Part F pays for expenses you incur while traveling abroad. You also get help with your plan B deductible and plan B excess charges. Plan F also covers everything that plan A charges but includes skilled nursing care for days 21 to 100 and helps you with your part A deductible.
Where To Get Medigap Plan F High Deductible Plans
Medicare supplemental insurance is mostly equal regardless of the state you purchase the plan in. This means that you get the same coverage no matter where you live. The exceptions to this rule are Minnesota, Massachusetts, and Wisconsin which have different plans from other states. You can get free information about plan F by calling 1-800-633-4427.