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Medicare Supplement Plan F vs. High-Deductible Plan F: What is the Difference?

Medicare Supplement Plan F and High-Deductible Plan F offer the same coverage with one big difference. With Plan F, you have full coverage of all Medicare Part A & B deductibles, coinsurance, copays, and excess charges from day one. With High-Deductible Plan F in 2019, you’re responsible for the first $2,340 in medical expenses each year before the Plan F High Deductible benefits begin.

What is Medicare Supplement Plan F?

As you may know, Medicare Supplement Plan F is one of the most popular Medicare Supplement plans. This is because Plan F offers the most comprehensive coverage out of all the Medicare Supplement plans. While it has great coverage, it also tends to be the most expensive plan. Here’s an overview of what Medicare Supplement Plan F covers:

  • Medicare Part A Coinsurance and Hospital Costs
  • Medicare Part B Coinsurance and Copayment
  • Blood (First 3 Pints)
  • Part A Hospice Care Coinsurance or Copayment
  • Skilled Nursing Facility Coinsurance
  • Medicare Part A Deductible
  • Part B Deductible
  • Part B Excess Charges
  • Foreign Travel Emergency (up to plan limits)

Essentially, with Plan F, you have no out-of-pocket medical costs. You simply pay your monthly premium – then you have full coverage! Your monthly premium is based on various factors, such as the company you purchase your plan from, your health, your age, and your gender.

What is High-Deductible Plan F?

As the name suggests, High Deductible Plan F has the same coverage as Plan F, after you pay the annual deductible amount ($2,340 in 2020). Once you meet this deductible, you ‘ll have the same coverage as Plan F, shown in the list above.

When does a High-Deductible Plan F make sense to choose? Knowing the High-Deductible Plan F pros and cons may help you make your decision. On one hand, if you require a lot of medical attention in a year, you might have to pay the deductible amount out of pocket. On the other hand, because you have to pay a deductible, your monthly premium tends to be much lower. Your premium for Plan F High-Deductible will depend on the same factors as with the Plan F.

Who is Eligible for Medicare Supplement Plan F and High-Deductible Plan F?

There’s a lot of talk in the Medicare space right now around who is and isn’t eligible for Plan F. Both Medicare Supplement Plan F and High-Deductible Plan F are available to you if you became eligible for Medicare before January 1st, 2020. If you’re unsure of when you became eligible, you can always check by looking at the Part A start date on your Medicare card.

With this said, If you’re eligible for Plan F, there’s no guarantee that you can sign up for it. Depending on your situation, you may have to answer medical questions. The carrier you apply with will use your health history to decide whether to approve or deny your application. This process is called medical underwriting, and there are some instances where you may be able to avoid it, including:

  • The state you live in may not allow medical underwriting
  • If you are within 6 months of starting Part B of Medicare
  • If you are on a Medicare Advantage plan and move out of the coverage area

Will My Doctor Take My Medicare Supplement Plan?

Don’t stress about doctor coverage- as long as your doctor accepts Medicare, they will accept your Medicare Supplement plan. In fact, you can use your Medicare Supplement with any healthcare provider across the country that accepts Medicare. For many people, this means that they can feel more comfortable while traveling, knowing that they don’t have to worry about finding emergency healthcare. This is why we’re here: to help you find the best plan so you can relax during times like those. Some people also use the broad network to access care from renowned providers across the country that offer specialized treatment for serious diseases.

Where Can I get Medicare Supplement Plan F or High-Deductible Plan F?

Because of its popularity, Medicare Supplement Plan F is offered by most carriers. High-Deductible Plan F is not offered as widely, but you can usually find it from the larger carriers. You can sign up for Plan F or High-Deductible Plan F quickly and easily online by using our Find Your Plan tool. We’ll answer any questions you might have about finding great Medicare Supplement coverage. Don’t stress- it’s our job to take care of you.

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.

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