You may have heard rumors about Medicare Supplement Plan F and Plan C disappearing, but that is not necessarily the case for all Medicare beneficiaries. If you currently have Medicare Supplement Plan F, Plan F High Deductible, or Plan C, you will be able to keep it. Even if you don’t currently have either, you may be eligible to enroll in one of these plans in the future.
Can I Keep My Medicare Supplement Plan F?
If you took Medicare Part A before January 1, 2020, you will be able to keep your Medicare Supplement Plan F. In order to keep your Plan F, you don’t need to renew or re-enroll every year. As long as you pay your premiums on time, your coverage will continue. You can also switch to another carrier that offers Plan F in the future, if another company offers a better rate that you would like to apply for.
Will I Be Able to Get Medicare Supplement Plan F in the Future?
If you started Medicare Part A before January 1st, 2020, you will be able to apply for Medicare Supplement Plan F at any time in the future. The easiest way to verify your Part A start date is to take a look at your Medicare ID card. Your Medicare Part A start date is in a large bold font at the bottom.
If you began Medicare on January 1st, 2020 or later, you will not be able to enroll in Medicare Supplement Plan F. However, just because you can’t get Plan F, doesn’t mean that you won’t be able to get quality coverage. There are other Medicare Supplement plans that offer similar benefits.
What Are My Options If I Can’t Get Medicare Supplement Plan F?
Although you may not be eligible to purchase Medicare Supplement Plan F, there is no need to be concerned. Medicare Supplement Plan G is very close in coverage, and many people prefer it over Plan F. Because Plan G offers almost all of the same benefits, you may hear people refer to it as the new full coverage plan.
The only difference in coverage between Plan F and Plan G is that Plan G does not cover your Medicare Part B deductible. In 2019, the Part B deductible is only $185. After you pay the deductible, Plan G works just the same as Plan F. The benefits of Plan F and Plan G include protection from the 20% gap in Medicare coverage, and the elimination of copays and coinsurance.
In addition to offering similar coverage, the premiums for Plan G tend to be less than the premiums for Plan F. Often, this results in lower costs to you overall, even if you meet your deductible amount. If you are eligible for Medicare Supplement Plan F, you should consider Medicare Supplement Plan G to see if it will save you money.
Overall, whether or not you are eligible for Medicare Supplement Plan F, you can get a comprehensive Medicare Supplement plan. The difference between Plan F and Plan G is small, and many people that are eligible for Plan F still choose Plan G for the cost savings.
Nothing on this website should ever be used as a substitute for professional medical advice. You should always consult with your medical provider regarding diagnosis or treatment for a health condition, including decisions about the correct medication for your condition, as well as prior to undertaking any specific exercise or dietary routine.