What Is Medicare Supplement Insurance Plan F?
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Plan F Availability
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Companies do not have to offer all plans. However, if the company offers at least two of the 10 plans, it must also offer either plan C or F. Beneficiaries pay the premiums, which for Plan F can vary from $20 to $67 monthly, depending on the insurance company.
Plan F Coverage
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The Centers for Medicaid and Medicare regulate the coverage that Medigap plans must offer. Plan F is the "high deductible" plan. It does not pay any Medicare-covered services until the beneficiary has paid $2,000 out of pocket. After meeting the high deductible, the plan covers 100 percent of Medicare Parts A and B deductibles, coinsurances, and co-pays, including coinsurance for hospice care and preventative services.
Plan Comparisons
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Plan F is one of only two plans that also cover the Part B deductible--$155 annually in 2010. It is the only plan that covers Part B excess charges, which accrue if a doctor may legally charge more than Medicare considers the reasonable charge for a service. Other plans pay according to what Medicare allows. Plan F also pays the excess amount above what Medicare allows as reasonable.
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